Daily archives: July 14th, 2016

FINTS EVENING HIGHLIGHTS (14 July 2016)

China is making good progress on a feasibility study of a stock trading link between the Shanghai Stock Exchange and the London Stock Exchange, vice chairman of China’s top securities regulator said on Wednesday 10…


VANKE DIRECTOR SUGGESTS CHINA RESOURCES AND BAONENG ACT IN CONCERT

Baoneng Group pledged shares of subsidiary Shenzhen Jushenghua to China Resources last July, the month that Jushenghua and another Baoneng unit began to buy in Vanke’s stock through the secondary stock market, said Hua Sheng,…


LAND KINGS ARE LIKELY TO APPEAR IN COMING MONTHS

Land kings are expected to emerge in first-tier cities during the second half of 2016 amid the rolling out of large supplies of land, predicted the 21st Century Economic Institute. Additionally, although land kings appeared…


CHINA STOCK MARKET ROUNDUP (14 JULY 2016)

China’s stock market closed mixed on Thursday, with small-cap stocks outperforming the large-cap shares. By the close, the Shanghai Composite Index lost 0.2%, to 3,054.02 points, while the Shenzhen Component Index rose 0.01% to 10,854.14…


INTEREST RATES FOR SECURITIES MARGIN TRADING DROP TO NEW LOWS AS COMPETITION INTENSIFIES

Interest rates for securities margin trading have dropped below 7%, as the outstanding amount of margin trading and short selling in the Shanghai and Shenzhen bourses has fallen by about 40% from a year earlier,…


DALIAN WANDA ESTABLISHES INTERNATIONAL SOCCER CUP IN CHINA

Wang Jianlin, China’s richest man and the founder of real estate conglomerate Dalian Wanda, has joined hands with the Chinese Football Association in jointly establishing China Cup, the first A-tier international soccer match in China…


CHINA CATCHING UP FAST IN DIGITAL TRAVEL SALES

By 2020, digital travel sales in China is expected to reach $198.5 billion, or 24.3% of worldwide digital travel sales, just behind that of the US’ 26.1%, according to New York-based research firm eMarketer. In…


US PRESSES ON TRADE PROCEEDING WITH CHINA

On Jul 13, US launched a lawsuit against China’s export restrictions on raw materials, claiming that Chinese duties on nine key commodities, including copper, cobalt, tantalum and tin, were unfair as they enabled China to…


FINTS LUNCH TRAY (14 July 2016)

Shanghai Bank, Bank of Guiyang, and Jiangsu Wujiang Rural Commercial Bank are applying for A-share IPOs: report Outstanding amount of margin financing in two exchanges as of July 13 increased 2.185 billion yuan to 872.239…


CHINA’S JUNE EXPORTS DENOMINATED IN YUAN RISE 1.3% YOY, IMPORTS FALL 2.3%

China’s exports denominated in yuan rose 1.3% in June from a year earlier, while yuan-denominated imports fell 2.3% during the period, customs data showed on Wednesday. The figures compare with a 1.2% year-on-year growth in…


CHINESE UNIVERSITIES RAISING COSTS FOR INCOMING UNDERGRADS

A handful of Chinese universities across different provinces are unanimously raising tuition costs starting this upcoming fall matriculation, citing higher costs. South China University of Technology, a Guangzhou based institution, has raised its tuition for…


FINTS MORNING BRIEF (14 JULY 2016)

The China Securities Regulatory Commission is slated to launch spot checks on IPO application documents submitted by over ten brokerages: the 21st Century Business Herald The recent heavy rainfall seen in central and southern China…