Daily archives: October 24th, 2016

Fints Evening Highlights (24 October 2016)

China’s banking regulator plans to allow local governments to set up more asset management companies (AMCs) as part of a broader effort to manage corporate debt and reduce the growing volume of troubled bank loans…


China Stock Market Roundup (24 October 2016)

China’s stock market closed higher on Monday, with shares in Shanghai outperforming stocks in Shenzhen. At the close, the Shanghai Composite Index rose 1.21%, at 3,128.25 points, while the Shenzhen Component Index went 0.87% up…


Fints Lunch Tray (24 October 2016)

Baosteel Group and Wuhan Steel Group completed their targeted capacity cuts for this year, the Xinhua News Agency reported over the weekend China’s centrally administered state-owned enterprises (SOEs) will be able to hit their annual…


Fints Spicy Stats (24 October 2016)

The Dow Jones Industrial Average closed 0.09% lower, to 18,145.71 on Friday; the S&P 500 index went 0.01% down at 2,141.16; the Nasdaq Composite Index rose 0.3%, at 5,257.4 Outstanding amounts of margin financing in…


FINTS Morning Brief (24 Oct 2016)

China Banking Regulatory Commission bans irregular inflow of loans or wealth management funds into the property sector: FINTS Jack Ma (founder of Alibaba), Pony Ma (Chairman of Tencent), Ma Mingzhe (Chairman of PingAn Insurance) and…