Daily archives: June 13th, 2016

FINTS EVENING HIGHLIGHTS (13 Jun 2016)

At a press briefing with German Chancellor Angela Merkel, Premier Li Keqiang said that the government would take more steps to level the playing field for foreign investors; China will further open its financial markets;…


Short selling of Alibaba stock peaked last week

The total number of Alibaba’s outstanding shares borrowed for short selling reached its highest point at more than 124 million last week, reaching the highest since its record $25 billion initial public offering in September…


Shanghai-Hong Kong Stock Connect (13 Jun 2016)

Northbound stock trade sees a net fund outflow of 880 million yuan The Shanghai – Hong Kong Stock Connect saw a net fund outflow of 880 million yuan for northbound trade on Monday. The Shanghai…


Vanke could resume trading in early July

Vanke’s reorganization plan could be announced before June 18, with trading of its A-shares to possible resume in early July at the latest, Securities Daily reported on Monday citing people close to the company. On…


New 50-billion-yuan aviation engine military complex erected

China has established its twelfth military industrial complex, the China Aviation Engine Group (CAEG), at the end of May, with a total registered capital of 50 billion yuan (USD 7.6 billion). This new entity will…


China Stock Market Roundup (13 Jun 2016)

China’s stock market tumbled on Monday, with main indexes in Shanghai and Shenzhen diving in late-afternoon trade, as investors got away from risky assets amid rising risks from the UK’s possible exit from the European…


Didi Chuxing wins $600 million strategic investment from China Life Insurance

Didi Chuxing, China’s leading online car-hailing service provider, announced on Jun 13 that it has received about $600 million investment from China Life Insurance, the nation’s largest state-owned commercial insurer. The latest investment by China’s…


China, UK look to boost links in capital markets

China and the UK are considering the feasibility of a Shanghai – London stock connect and the launch of mutual fund recognition, optimally linking closer the two countries’ capital markets. “The Shanghai – London stock…


Anonymous bidder pays $3.5 million for 2016 Buffett lunch

An anonymous bidder has just snagged the opportunity to lunch with Warren Buffett this year for $3.5 million, in a yearly tradition that has since its 2000 inception helped raise more than $23 million for…


Chinese railroad stocks down after XpressWest announced termination of cooperation

Last Thursday, Las Vegas-based private railroad company XpressWest announced the termination of its cooperation with China Railway International (CRI), a consortium established in September 2015 by a group of Chinese companies originally intended to build…


Warcraft movie smash hit on its debut

Warcraft, a movie based on its largely popular eponymous online game, continued robust performance since its debut on Jun 8 in mainland China, taking in more than 690 million yuan ($104.7 million) as of midnight…


FINTS LUNCH TRAY (13 Jun 2016)

The China Foreign Exchange Trading Center said on Sunday it was preparing to open branches in London and New York as part of efforts to promote the yuan’s global status China Life Insurance will invest…


FINTS MORNING BRIEF

Shenzhen – Hong Kong Stock Connect should be launched at the right timing, said Jiang Yang, vice chairman of the China Securities Regulatory Commission. A man hurled homemade explosives at Shanghai Pudong International Airport on…