Daily archives: July 28th, 2016

FINTS EVENING HIGHLIGHTS (28 July 2016)

The world bank plans to issue up to 500 million SDR-denominated bonds in China as early as August: report An CSRC official told a meeting on Monday that property companies will be not allowed to…


CHINA’S STATE-OWNED ENTERPRISES SET UP FIVE CAPTIVES

Captives are becoming increasingly popular among China’s large state-owned enterprises as more large-sized enterprises, especially multinational enterprises, are taking this insurance approach as an important means of risk management, business magazine Caixin reported. A captive…


27 PROVINCES RELEASE SEMIYEARLY GDP FIGURES WITH TIBET AND CHONGQING LEADING THE GROWTH

Tibet and Chongqing came at the top of 27 Chinese provinces and municipalities that had released interim GDP growth figures as of Wednesday. Both reached a 10.6% growth, up 3.9 percent points from the national…


CHINA STOCK MARKET ROUNDUP (28 JULY 2016)

China’s stock market closed mixed on Thursday, after its main indexes closed sharply lower on Wednesday as domestic media reported that the regulator is to tighten restrictions on commercial banks’ wealth management products. By the…


CCP POLITBURO VOWS TO CONTAIN REAL ESTATE BUBBLE INTO REST OF 2016

At its most recent meeting on July 26, China’s politburo vowed to prioritize cutting inventory, leverage, cost and make up for weak links in the Chinese economy into the latter half of this year. Even…


FINTS LUNCH TRAY (28 July 2016)

The China Securities Regulatory Commission requires brokers to strengthen self-inspection on corporate bonds:the Securities Time Outstanding amount of margin financing in two exchanges as of July 27 decreased 11.551 billion yuan to 872.6 billion yuan…


GEMDALE GROUP PAID 8.8 BILLION YUAN FOR SINGLE LAND PLOT

Gemdale Corporation, one of China’s largest and leading real estate developers, snapped up a land parcel near Shanghai’s Pudong International Airport for 8.8 billion yuan ($1.3 billion) on a 286% premium rate to the starting…


LENOVO SIGNS STRATEGIC COOPERATION AGREEMENT WITH JD.COM

Lenovo Group, the world’s largest personal computer supplier, signed a strategic cooperation agreement with JD.com, China’s second-largest online retail services provider, on July 26. According to the agreement, Hong Kong-listed Lenovo hopes to sell 60…


UBS HOLDS BULLISH OUTLOOK FOR H-SHARES UP UNTIL END OF 2016

Banks and securities companies are increasingly making bullish forecasts for the Hang Seng China Enterprises Index (H-shares) up until the end of 2016, with UBS predicting that the index would reach 9,800 points by then…


CHINESE STOCKS SINK AS FEARS OF WEALTH-MANAGEMENT CURB

Chinese shares plunged Wednesday, with a gauge of smaller companies diving 5.5% as domestic media reported that the China Banking Regulatory Commission (CBRC) is to tighten restrictions on wealth-management products (WMPs). By the close, the…


FINTS MORNING BRIEF (28 JULY 2016)

Efforts should be made to combine the country’s economic layout and national defense allocation: President Xi The Ministry of Public Security unfolds actions to rectify online live streaming platforms Wanda Cinemas acquires China’s leading movie…