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Mainland to lead global IPO market recovery

Mainland to lead global IPO market recovery China will lead the recovery of the global initial public offering (IPO) market, consultancy firm Ernst &Young said in its latest survey of institutional investors across the world. The survey said China was the first IPO market to recover from the global economic downturn. Over 75 percent of the respondents said they expect the market to recover in the third and fourth quarter of this year. The online survey was conducted among 305 institutional...

Equities edge up, led by financials, tech

Equities edge up, led by financials, tech Mainland stocks rose the most in a week, led by financial and technology companies, on speculation recent declines were excessive given earnings growth prospects. China Merchants Bank Co advanced 3.2 percent after CIMB Research upgraded the bank on the prospect it will benefit more than peers from interest-rate increases. Air China Ltd, the nation\'s largest international carrier, and China Southern Airlines, the country\'s biggest carrier by fleet...

Chinese shares jump above 3,300 mark

Chinese shares jump above 3,300 mark Chinese equities continued the upward trend for the fourth consecutive trading day Wednesday and surpassed the psychological 3,300 mark. The Shanghai Composite Index, which covers both A and B shares, climbed 0.62 percent to 3,303.23 points. The Shenzhen Component Index edged down 0.21 percent to 13,642.35 points. Gains outnumbered losses by 486 to 389 in Shanghai and 431 to 363 in Shenzhen. ...

Strong recovery already priced in by equity traders

Strong recovery \'already priced in\' by equity traders One belief technical traders hold dear is that the market is always right. But the substantial declines in China\'s A-share market in the past week may suggest that the market sometimes can be wrong, observers said. The government\'s aggressive move toward a tightened monetary policy could be misread by most investors who tend to overlook the more important economic fundamentals that project a robust economic growth in 2010, Niu Wenxin, a...

Chinese shares close higher on Tuesday

Chinese shares close higher on Tuesday Chinese equities rose in active trade on Tuesday, as a report of extended new loans in October lifted optimism for sustained economic growth. The benchmark Shanghai Composite Index gained 37.58 points, or 1.22 percent, to end at 3,114.23. The Shenzhen Component Index added 144.20 points, or 1.13 percent, to close at 12,859.86. Combined turnover expanded to 289.94 billion yuan (42.46 billion U.S. dollars), from 254.17 billion yuan on Monday. The...

Hong Kong stocks close 0.83% higher

Hong Kong stocks close 0.83% higher Hong Kong stocks advanced 0.83 percent to end at another more than 14-month high on Tuesday, tracking overnight gains on the U.S. market. The benchmark Hang Seng Index rose 184.50 points to 22,384.96 after trading between 22,260.41 and 22,451.62. It was its highest closing level since ending at 22,514, on Aug. 4, 2008. Total turnover went up to 74.18 billion HK dollars (about 9.58 billion U. S. dollars) from Monday\'s 60.63 billion HK dollars (about 7.8...

Bearish sentiments uppermost

Bearish sentiments uppermost Bearish sentiments are likely to hover over China\'s post-holiday stock market as market liquidity again concerns Chinese investors. According to an online survey conducted by Sina.com, one of the largest portal websites in the country, more than 50 percent of netizens said the stock market would probably maintain the downward momentum after the National Day holiday. The Shanghai index fell 4.2 percent in the week prior to the holiday, the most in six weeks,...

Chinese shares up 3.20% Monday

Chinese shares up 3.20% Monday Chinese equities rose 3.20 percent Monday, led by robust securities and agricultural shares. The benchmark Shanghai Composite Index was up 3.20 percent, or 99.04 points, to close at 3,195.30 points. The Shenzhen Component Index gained 4.74 percent, or 610.63 points, to close at 13,486.77 points. Combined turnover shrank to 270.83 billion yuan ($41 billion) from 288.04 billion yuan on the previous trading day. ...

Emerging market IPOs turn hot investor picks

Emerging market IPOs turn hot investor picks Initial public offerings (IPOs) in emerging nations are returning about 15 times more than IPOs in developed countries even as companies from China to Brazil flood the market with more shares than ever. Listings by Longfor Properties Co, Banco Santander (Brasil) SA and Kuala Lumpur-based Maxis Bhd helped raise $39 billion in emerging markets during the three months ending on Monday, data compiled by Bloomberg show. That outstrips the amount sold in...

Investors may start stock index futures account application Mon

Investors may start stock index futures account application Mon Investors can apply for accounts to trade stock index futures from 9:00 a.m. Monday, the Shanghai-based China Financial Futures Exchange (CFFE) said Sunday in a statement on its website. Investors who want to trade stock index futures must have a minimum 500,000 yuan (73,206 U.S. dollars) to open an account, according to the CFFE. The CFFE released specific trading rules for index futures Saturday on its website. China\'s...