Daily archives: June 3rd, 2016

Land kings pushed by state-owned enterprises

Cinda Real Estate, a state owned property developer, on Jun 1 paid the highest premium so far this year of about 37,000 yuan per square meter for a 106,400-square-meter residential plot in Shanghai’s Baoshan District,…


HKEx to launch CAS and VCM mechanisms

The Hong Kong Exchanges and Clearing Limited (HKEx) said on June 2 that it will launch the closing auction session (CAS) mechanism starting July 25, in an effort to meet diverse trading needs of investors….


FINTS EVENING HIGHLIGHTS (3 June 2016)

*The NDRC issued the city cluster development plan for the Yangtze River Delta *PBOC plans to adjust evaluation bases for the bank’s deposit reserve calculation from July 15: sources *China’s State Council issued guidelines for…


Shanghai-Hong Kong Stock Connect

Northbound stock trade sees a net fund inflow of 1.94 billion yuan The Shanghai – Hong Kong Stock Connect saw a net fund inflow of 1.94 billion yuan for northbound trade on Friday. The Shanghai…


China Stock Market Roundup (3 Jun 2016)

Shanghai index rises 0.46%, ChiNext index climbs 0.75% China’s stock market closed higher on Friday, as foreign money through the Shanghai – Hong Kong stock connect continued to pour into the mainland market for a…


Citigroup predicts China to dominate Fintech market

A recent Citigroup report says that China’s Fintech companies already serve a similar number of clients as the country’s major banks, thanks to the increasing convenience of paying and banking by mobile devices through apps…


FINTS LUNCH TRAY (3 Jun 2016)

*Beijing’first private bank zhongguancun Bank is expected to be approved by the authorities within this year *Outstanding amount of margin financing in two exchanges as of June 2 increased 5.4 billion yuan to 835.3 billion…


Most cheap Chinese SUVs do not carry ESC outfit

Sales of SUVs in China between January and April topped 2.57 million, up 46.27% compared with the same period last year, according to data from the China Automotive Industry Association (CAIA). CAIA’s data showed that…


Electrical equipment maker faces delisting from ChiNext board

Liaoning province-based Dan Dong Xin Tai Electric Co was warned by the China Securities Regulatory Committee (CSRC) that it may be delisted from the ChiNext Index, China’s NASDAQ-style board. Specifically, Xin Tai is suspected of…


FINTS MORNING BRIEF (3 Jun 2016)

*China will strive to develop new economy capable of maintaining a medium to high speed of economic growth: Premier Li Keqiang *CSRC is drafting new rules to tighten issuing of fund sale license. *China tax…