Daily archives: August 22nd, 2016

Fints Evening Highlights (22 August 2016)

The National Development and Reform Commission (NDRC) is scheduled to hold a news conference on the implementation situation of China’s major projects at 9:30 am Tuesday China National Chemical Corp. said it had received clearance…


China Stock Market Roundup (22 August 2016)

China’s stock market closed down on Monday,  with major indexes diving in the late-afternoon trading. By the close, the Shanghai Composite Index lost 0.75%, at 3,084.81 points, while the Shenzhen Component Index went 1.3% down…


Tencent becomes largest shareholder in JD.com, striving to challenge Alibaba

According to documents disclosed by the US Securities and Exchange Commission on Aug 19, Tencent’s wholly-owned subsidiary, Huang River Investment, has purchased 21.25% stake in JD.com as of now, making Tencent ranking as JD’s largest…


Fints Lunch Tray (22 August 2016)

A consortium, led by China Everbright Ltd. and private equity group PCP Capital Partners LLP have lined up a bid for a major stake in Liverpool Football Club: WSJ China Foreign Exchange Trade System (CFETS)…


Fints Spicy Stats (22 August 2016)

The Dow Jones Industrial Average fell 0.24%, to 18,522.57 on Friday; the S&P 500 index was down 0.14%, to close at 2,183.87; the Nasdaq Composite Index lost 0.03%, at 5,238.38 Outstanding amounts of margin financing…


FINTS MORNING BRIEF (22 August 2016)

Hong Kong bourse readies launch of a new circuit breaker today to control excess volatility in the market: FINTS The inclusions of mainland-traded A shares into international indices are a matter of time, said CEO…