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China Eximbank to sell 10 bln yuan 7-year financial bonds

China Eximbank to sell 10 bln yuan 7-year financial bonds The Export-Import Bank of China (China Eximbank) said Friday it would sell 10 billion yuan (1.46 billion U.S dollars) worth of seven-year floating-rate financial bonds on October 13. The benchmark interest rate of the bonds equaled the one-year fixed deposit interest rate set by the People\'s bank of China for financial institutions. The interest rate spread will be fixed through bidding by the financial bonds underwriting group. It...

Investors cut holdings as govt ups efforts to prevent bubbles

Investors cut holdings as govt ups efforts to prevent bubbles An investor monitors stocks at a brokerage in Shanghai. [China Daily] Investors cut their holdings of Chinese equities in January as the government stepped up efforts to cool asset bubbles, according to EPFR Global. Global emerging markets and Asia excluding Japan equity funds reduced their average holdings of Chinese shares by 0.72 percent and 1.13 percent, respectively, EPFR said in a statement received on Thursday....

Chinese shares open higher Tuesday

Chinese shares open higher Tuesday Chinese shares opened slightly higher on Tuesday, with the benchmark Shanghai Composite Index up 0.30 percent to open at 3,085.74. The Shenzhen Component Index added 0.31 percent to open at 12,754.70. The ChiNext exchange, the country\'s start-up board for small and medium-sized companies, continued to plunge at the opening with most stocks falling, after 20 of its 28 stocks down 10 percent, the daily limit, on Monday. ...

Hong Kong stocks widen losses to close down 1.76%

Hong Kong stocks widen losses to close down 1.76% Hong Kong stocks opened slightly lower on Tuesday and widened their losses during the day\'s trading before closing down 1.76 percent. The benchmark Hang Seng Index opened down 0.1 percent at 21,598. 63, ignoring moderate overnight gains on the Wall Street, and was down 0.71 percent by lunch break. It moved between 21,684.73 and 21,223.42 during the day\'s trading. Turnover totaled 61.01 billion HK dollars (7.82 billion U.S. dollars),...

Chinese shares fall on liquidity concerns

Chinese shares fall on liquidity concerns Chinese equities fell on Wednesday following media reports that some major banks would stop lending for the rest of January and the central bank would increase interest rate on Friday. The benchmark Shanghai Composite Index dropped 2.93 percent after rising for four consecutive days to close at 3,151.85 points. The Shenzhen Component Index dived 3.25 percent, or 434.52 points, to close at 12,916.15 points. Combined turnover totaled 326.6 billion yuan...

Chinese shares close mixed at midday Friday

Chinese shares close mixed at midday Friday Chinese shares closed mixed at midday on Friday. The benchmark Shanghai Composite Index was slightly up 0.08 percent, or 2.66 points, to close at 3,267.29 points. The Shenzhen Component Index lost 0.43 percent, or 59.15 points, to close at 13,700.69 points. The Hushen 300 Index reflecting the performance of the country\'s Shanghai and Shenzhen stock exchanges ended 0.11 percent lower midday at 3587.05 points. ...

ChiNext stock index down

ChiNext stock index down The ChiNext Index closed lower on Friday as only four of the 28 shares at China\'s start-up board for small and medium-sized enterprises went up. The board, which is based in Shenzhen and started trading on Oct. 30, 2009, is tailored to the needs of enterprises engaged in independent innovation and other enterprises with great growth potential.   ...

Chinese shares close up 1.61%

Chinese shares close up 1.61% Chinese equities rose Friday with the benchmark Shanghai Composite Index up 1.61 percent, or 52.42 points, to close at 3,317.04, led by heavyweights. The Shenzhen Component Index increased 0.91 percent, or 125.09 points, to close at 13,884.93. Combined turnover rose to 406.55 billion yuan (59.52 billion U.S. dollars) from 314.94 billion yuan on the previous trading day. Losers outnumbered gainers by 686 to 185 in Shanghai and 697 to117 in Shenzhen. Most...

Hong Kong stocks close slightly lower

Hong Kong stocks close slightly lower Hong Kong stocks tracked an overnight decline on Wall Street to close lower 0.25 percent Friday, ending a four-day rally of the Hang Seng Index. The benchmark index opened 0.68 percent lower at 22,400.49. It moved between 22,240.86 and 22,528.84 before ending down 55.72 points at 22,498.15. Turnover rose to 74.04 billion HK dollars (about 9.56 billion U. S. dollars) from Thursday\'s 70.07 billion HK dollars (about 9.05 billion U. S. dollars). The upward...

Chinese shares close up 1.61%

Chinese shares close up 1.61% Chinese equities rose Friday with the benchmark Shanghai Composite Index up 1.61 percent, or 52.42 points, to close at 3,317.04, led by heavyweights. The Shenzhen Component Index increased 0.91 percent, or 125.09 points, to close at 13,884.93. Combined turnover rose to 406.55 billion yuan ($59.52 billion) from 314.94 billion yuan on the previous trading day. Losers outnumbered gainers by 686 to 185 in Shanghai and 697 to117 in Shenzhen. Most heavyweights...