Daily archives: June 15th, 2016

FINTS EVENING HIGHLIGHTS (15 Jun 2016)

China’s total debts amounted to 168.5 trillion yuan ($25.6 trillion) at the end of 2015, equivalent to 249 percent of gross domestic product, Li Yang an influential government economist said. He forecasted China’s debt is…


Shanghai-Hong Kong Stock Connect (15 Jun 2016)

Northbound stock trade sees a net fund outflow of 473 million yuan The Shanghai – Hong Kong Stock Connect saw a net fund outflow of 473 million yuan for northbound trade on Wednesday. The Shanghai…


FTSE A50 Index not seen signs of massive short selling

Latest data shows that buyers and sellers remain neck to neck on the dominant contracts of Singapore’s FTSE China A50 futures index, clearing market concerns over some seemingly signs of overseas investors going short on…


Vanke A-shares will continue to be suspended

Vanke Co. Ltd., China ‘s leading property developer, said on June 14 in a statement filed with the Shenzhen Stock Exchange that its A-shares will continue to be suspended, pending further announcements. The company said…


10 Chinese cities to realize mobile payment on public transit system in 2017

Rudy Stroh, executive vice president cum general manager of the identification business at NXP Semiconductors, announced on Jun 14 that NXP plans to implement mobile payment on public transportation systems in ten major Chinese cities…


Beijing to implement provisional regulations on residence permits soon

Beijing will start executing its provisional regulations on residence permits by the latter half of this year, according to domestic media report on June 14. Specifically, the ruling would apply to holders of the permit…


China Stock Market Roundup (15 Jun 2016)

China’s stock market closed higher on Wednesday, as investors shrugged off MSCI’s decision not to add the country’s A-shares to its emerging market index earlier in the day. By the close, the Shanghai Composite Index…


FINTS LUNCH TRAY (15 Jun 2016)

MSCI said that Chinese authorities had made significant improvements in the accessibility of the market for global investors and were moving in the right direction, and added that it would consider the China A shares’…


IMF says China’s corporate debt still manageable

David Lipton, IMF’s first deputy managing director, said on June 14 that although China’s reforms across a spectrum of key areas have advanced impressively, progress has also been uneven. The comments were made at a…


Alibaba vows to crack down knock-offs on its platforms

Jack Ma, founder of Chinese e-commerce giant Alibaba, reportedly stated on its annual general meeting on Jun 14 that counterfeit or knock-off products made by China are of better quality than genuine ones. Despite that,…


Social Media becoming a major news source

In a survey conducted online in 26 countries worldwide, more than half of online users are found to receive news from social media including but not limited to Facebook, Youtube and Twitter, according to the…


MSCI delays adding Chinese stocks to emerging markets index for third time in a row

Global share benchmark provider MSCI has decided to delay for a third time to include A-share stocks into its widely followed Emerging Markets Index, saying China needs to take further steps toward better market access…


FINTS MORNING BRIEF(15 Jun 2016)

MSCI declines to add domestic Chinese shares to its widely followed emerging markets index, saying investors want China to take further steps toward making its market more accessible It is forbidden to export weapons of…