Daily archives: July 6th, 2016

FINTS EVENING HIGHLIGHTS (6 July 2016)

The National Development and Reform Commission said it plans to repeal regulations for salt price, starting from January 1 2017 Former Italian Prime Minister Silvio Berlusconi says he has sold football club AC Milan to…


VANKE A-SHARES STOPS DECLINE AFTER BAONENG RAISES STAKE

Vanke’s mainland-traded A shares rose this morning after Baoneng Group had raised its stake in Vanke to 24.972% near yesterday’s close, ending the real estate developer’s two-day limit downs. The developer’s A-shares surged as much…


DETAILS ON SHANGHAI-LONDON CONNECT REPORTEDLY TO BE ANNOUNCED THIS AUTUMN

Brian Schwieger, Head of Equities Unit at the London Stock Exchange Group, unveiled that Shanghai and London stock exchanges have continued to collaborate despite Brexit, noting that details on the Shanghai-London Stock Connect are likely…


China Stock Market Roundup (6 July 2016)

China’s stock market closed up on Wednesday, as investors are becoming more bullish on the market in the near term. By the close, the Shanghai Composite Index climbed 0.36%, at 3,017.29 points, while the Shenzhen…


CHINA’S STOCK CLOSES ABOVE 3,000 POINTS, FUND MANAGERS INCREASE HOLDINGS

On July 5, China’s stock benchmark index closed above 3,000 points for the first time in more than two and a half months, as gains in stocks related to state-owned enterprise reforms and military equipment…


IKEA UNDER FIRE IN CHINA AFTER RECALL ONLY APPLIES TO NORTH AMERICAN MARKET

Following Ikea’s recall of 35.6 million MALM dressers on June 29 in the US and Canadian markets following numerous accidental death and injuries of children, the Swedish furniture giant has come under fire as the…


ALIBABA BUYS APP FIRM TO CATCH UP WITH BAIDU AND TENCENT

Alibaba said Tuesday that it has taken over Beijing-based Android application distributor Wandoujia to lift its position in the mobile Internet market. Alibaba revealed in a statement that the e-commerce giant will incorporate Wandoujia into…


CSRC REPORTEDLY STARTS HARSH SPECIFIC CHECK-UP ON IPO APPLICANTS

A source close to the China Securities Regulatory Commission (CSRC) said that the regulator is expected to diminish the list of 894 companies applying for Initial Public Offering (IPO) to about one third of the…


FINTS LUNCH TRAY (6 July 2016)

Outstanding amount of margin financing in two exchanges as of July 5 increased 3.302 billion yuan to 860.225 billion yuan PBOC will inject 30 billion yuan into the financial system via its seven-day reverse repurchase…


CHINA’S POSTAL SAVINGS BANK SET TO BE THE WORLD’S BIGGEST IPO THIS YEAR

Postal Savings Bank of China Co, the fifth largest commercial bank in China by assets, published its preliminary IPO prospectus on the website of the Hong Kong Stock Exchange on June 4. According to the…


LIVE-STREAMING GAINING MASSIVE TRACTION IN CHINA

Live-streaming has caught on rapidly in China in recent years, as evident by the number of platforms that have appeared as well the type of content generated, ranging from users shooting a six-hour tour of…


FINTS MORNING BRIEF (6 JULY 2016)

Vanke announced that one unit of Baoneng Group bought in another 0.682% stake in the company via secondary stock market on July 5th near the market closed. After the increase, Baoneng currently holds a 24.972%…