Daily archives: June 22nd, 2016

Shanghai-Hong Kong Stock Connect (22 Jun 2016)

Northbound stock trade sees a net fund inflow of 1.01 billion yuan The Shanghai – Hong Kong Stock Connect saw a net fund inflow of 1.01 billion yuan for northbound trade on Wednesday. The Shanghai…


Some companies dissent over NEEQ/ NTB’s tiered-scheme

Considerable controversy has arisen over a newly implemented tiered scheme at the National Equities Exchange and Quotations (NEEQ), more commonly known as the New Third Board (NTB). Some companies that are affected are even applying…


FINTS EVENING HIGHLIGHTS (21 Jun 2016)

HKEX said in a statement that it will test the trial system for the Shenzhen-Hong Kong Stock Connect, starting from 27 June. However, it stressed that the related authorities have not issued any regulatory announcements…


Skyrocketing prices for school district properties in Beijing

A passageway, covering an area of only 7 meters long and 1.5 meters wide, in a courtyard house at the No. 29 Da’er Hutong in Beijing, has recently been discovered to sell for 1.5 million…


China hopes to allow foreign firms to issues shares on mainland amid RMB internationalization

A special column attached in the central bank’s 2015 annual report published on June 21 says that China will allow qualified foreign firms to issue stocks on the mainland. The article titled “Orderly fulfilling the…


180 billion yuan PPP fund to start operation soon

A 180 billion yuan ($23.4 billion) PPP, or public private partnership fund, has recently entered its early stages of project investment. Reportedly, a professional team is still being put together, and due diligence works are…


China Stock Market Roundup (22 Jun 2016)

China’s stock market closed higher on Wednesday, with its main indexes climbing in the afternoon trading. By the close, the Shanghai Composite Index rose 0.94%, at 2,905.55 points, while the Shenzhen Component Index was 1.64%…


CDB Financial Leasing to debut on Hong Kong in early July

China Development Bank Financial Leasing Co, a subsidiary of the country’s largest policy bank, is seeking to raise up to $10 billion through a Hong Kong IPO in July, according to terms for the deal….


“The Voice of China” changes name to “Sing! China” over illegal trademark use

The Beijing Intellectual Property Court ruled on Jun 20 that Canxing Production, the producer of “The Voice of China” (seasons 1-4), shall stop immediate use of the name and trademark of “The Voice”, or its…


FINTS LUNCH TRAY (22 Jun 2016)

Outstanding amount of margin financing in two exchanges as of June 21 decreased 1.44 billion yuan to 834.527 billion yuan PBOC will inject 150 billion yuan into the financial system via its seven-day reverse repurchase…


Tencent buys Supercell for $8.6 billion

Tencent and its partners have just sealed an $8.6 billion deal to buy Supercell, a Finnish game-maker best known for “Clash of Clans”, in a move that is marked as Tencent’s largest acquisition to date….


FINTS MORNING BRIEF (22 Jun 2016)

Securities Daily says that news about “China will allow qualified foreign firms to issue stocks on the mainland stock markets” are a false interpretation of an article attached to 2015 PBoC annual report, not a…