Monthly archives: June, 2016

China Stock Market Roundup (29 Jun 2016)

China’s stock market closed mixed on Wednesday, as panic triggered by the Brexit vote eased. By the close, the Shanghai Composite Index rose 0.65%, at 2,931.59 points, while the Shenzhen Component Index was 0.02 lower…


General price cut seen for electricity

Electricity sold for industrial purposes would possibly see an aggregate 16.8-billion-yuan price decrease over 22 provinces this year, says the National Development and Reform Commission. Also, the overall prices of electricity are expected to see…


Consumer goods sales move online and domestically

Foreign consumer brands are losing market share by products sales in China as domestic rivals improve quality, according to a report by Bain & Company and Kantar Worldpanel. The report found that the sales of…


FINTS LUNCH TRAY (29 JUN 2016)

Outstanding amount of margin financing in two exchanges as of June 25 increased 3.594 billion yuan to 845.911 billion yuan NDRC will strive to roll out the development plans for Beibu Gulf and central China…


China’s two herbal tea giants again in intellectual property proceedings

China’s two herbal tea giants, Wanglaoji and Jiaduobao, have entered into a trademark infringement case again on Jun 24, which was heard by the Guangzhou provincial court. This is the third time that the two…


Qihoo expects privatization deal to close mid-August

Qihoo 360 Technology Co., China’s largest internet security software provider, said on June 28 that its privatization deal is expected to be closed in mid-August. In a statement to the US authorities, the New York-listing…


Chinese investors likely swarming to UK following Brexit

Among various market and stock plunges after Britain voted to leave the EU last Friday, speculation and interest in investment in the nation’s real estate market has evidently taken the other way. Property prices in…


FINTS MORNING BRIEF (29 Jun 2016)

Premier Li says that China has the biggest potential for investment and should become the world’s most appealing destination for investment Hong Kong’s chief executive says that Shenzhen – Hong Kong Stock Connect is set…


FINTS EVENING HIGHLIGHTS (28 Jun 2016)

Draft legislation on nuclear security will soon be submitted to the National People’s Congress, China’s legislature, which is expected to enact the law by the end of this year: report China could file suit at…


Shanghai-Hong Kong Stock Connect (28 Jun 2016)

Northbound stock trade sees a net fund inflow of 266 million yuan The Shanghai – Hong Kong Stock Connect saw a net fund inflow of 266 million yuan for northbound trade on Tuesday. The Shanghai…


Shenzhen bourse queries Vanke’s two major shareholders on action in concert

Shenzhen Stock Exchange sent notices on Monday to Baoneng Group and China Resources, the two largest shareholders of Vanke, asking them to clarify if they or their affiliates have reached an agreement on increasing the…


Ctrip’s merger with Qunar has yet to generate full synergy

Earlier this month, Ctrip, a leading travel service provider in China, reported its unaudited result report under the US’ Generally Accepted Accounting Principles, marking its first quarterly report since its merger with Qunar in the…


Guangdong province fully allows out of province gaokao takers

A total of 9,570 out of province students in Guangdong province took their gaokaos, or Chinese national college entrance exams, in the province this year, accounting for 1.3% of all 737,000 exam takers in the…


China Stock Market Roundup (28 Jun 2016)

China’s stock market closed higher on Tuesday, with main indexes climbing in the late afternoon trading. By the close, the Shanghai Composite Index rose 0.58%, at 2,912.56 points, while the Shenzhen Component Index was 0.83%…


Western sports brands likely to enjoy rosy prospects in China

Chinese consumers are turning away from luxury products amid the anti-corruption campaign launched by the ruling party, and appear to be instead favoring sports brands thanks to the raising awareness of fitness, reported Bloomberg. Western…