Monthly archives: July, 2016

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…


FINTS EVENING HIGHLIGHTS (27 July 2016)

China’s shadow banking system continues to grow; overall leverage in China’s economy continues to rise, as credit growth outpaces nominal GDP: Moody’s Gao Ting, chief China strategist at UBS,said China may cut RRR 1-2 times…


CHINA STOCK MARKET ROUNDUP (27 JULY 2016)

China’s stock market closed sharply lower on Wednesday, with small-cap stocks diving in the late morning trading after domestic media reported that the regulator is to tighten restrictions on commercial banks’ wealth management products. By…


FOSUN BUYS BRITISH FOOTBALL CLUB WOLVES FOR 45 MILLION POUNDS

Chinese investment conglomerate Fosun Group announced on July 26 that it has fully acquired British Wolverhampton Wanderers, commonly known as the Wolves, for 45 million pounds. This is the second English football club that has…


CSRC TIGHTENING REGULATIONS AND SUPERVISION ON CORPORATE BONDS

Owing to the rise in corporate debts and potential for defaults since 2015, branch offices of the China Securities Regulatory Commission has been issuing regulatory announcements to securities companies nationwide in a move to tighten…


CHINA’S LEECO BUYS VIZIO FOR $2 BILLION

Chinese tech firm LeEco announced on Tuesday an agreement to buy American TV-maker Vizio for $2 billion, marking the biggest ever acquisition in the TV-set industry worldwide and LeEco’s first move to tap into the…


FINTS LUNCH TRAY (27 July 2016)

Beijing will increase down-payment requirements for the second non-ordinary commodity housing: BeiJing Daily Outstanding amount of margin financing in two exchanges as of July 26 increased 1.836 billion yuan to 884.151 billion yuan PBOC will inject…


CHINA’S PRIVATE INTERNATIONAL SCHOOL OPERATOR ACQUIRES SINGAPORE’S PROPERTY PROJECT

Maple Leaf Asia Pacific, a wholly-owned subsidiary of China Maple Leaf Educational Systems Ltd, one of China’s leading international school operators, agreed to acquire Lucrum Development at a maximum cash consideration of $68 million, according…