Share market

China DigestEconomics and Policy from China's Newspapers State-owned firms hold 1,141 A-shares with a corresponding market value as high as 3.1 trillion yuan (US$450 billion) By Asia Times staff September 3, 2018 4:36 AM (UTC+8) Share Tweet Linkedin Print Email Share 0 Comment 0 Since the outbreak of A-share market volatility in 2015, the largest institutional investor in the market has become the “national team,” referring to China’s state-owned firms, Yicai.com reported. The “national team” includes the China Securities Finance Co. Ltd. and its asset management plans, as well as five customized funds, the Central Huijin Investment Co. Ltd., and investment platforms under the administration of the State Administration of Foreign Exchange. As of the end of June 2018, the team has held a total of 1,141 A-shares, and the corresponding market value runs as high as 3.1 trillion yuan (US$450 billion), far exceeding the amount held by insurance … [Read more...] about China’s ‘national team’ now largest investor in A-share market

China DigestEconomics and Policy from China's Newspapers Insiders say attractiveness of China'e economy as well as A-share valuations are important factors in attracting foreign interest By Asia Times staff August 13, 2018 6:10 AM (UTC+8) Share Tweet Linkedin Print Email Share 0 Comment 0 New data from cmsmc.com indicates the inflow of foreign capital into the Chinese A-share market has been accelerating, The Paper reported. Over the first seven months of the year, foreign investors recorded a total net purchase of A shares worth 169.16 billion yuan (US$24.64 billion) via the Shanghai-Hong Kong Stock Connect, Shenzhen-Hong Kong Stock Connect, Qualified Foreign Institutional Investor System and RMB Qualified Foreign Institutional Investor System — significantly higher than that of the same period last year. With the exception of February, the amount of monthly net purchase of A shares has exceeded 13 billion yuan (US$1.89 billion) during this period. According to … [Read more...] about A-share market sees more foreign capital inflow

China DigestEconomics and Policy from China's Newspapers If given the green light by relevant regulatory agencies, the total number of shares issued by Baidu will see an increase By Asia Times staff June 26, 2018 4:23 AM (UTC+8) Share Tweet Linkedin Print Email Share 0 Comment 0 Chinese search engine giant Baidu said it is assessing the possibility of issuing a Chinese Depositary Receipt as well as listing in the domestic A-share market, The Paper reported. According to documents submitted to the US Securities and Exchange Commission, Baidu disclosed that if the company decides to issue a CDR and is given the green light by relevant regulatory agencies, the total number of shares issued by Baidu will see an increase. However, Baidu also said that there is no schedule for the submission of the CDR application and the plan could change based on the market and other conditions. Previously, it was reported that Baidu selected Huatai Securities and CITIC Securities as sponsors … [Read more...] about Baidu ponders CDR issuance, return to A-share market

China DigestEconomics and Policy from China's Newspapers Yi Gang urges calm, as economic fundamentals remain strong and supply and demand have become more balanced By Asia Times staff June 20, 2018 5:57 AM (UTC+8) Share Tweet Linkedin Print Email Share 0 Comment 0 The fluctuations in A-share market on Tuesday were mainly affected by emotions, said Yi Gang, governor of the People’s Bank of China, responding to the 3.78% one day decline of the Shanghai Composite Index, Shanghai Securities Journal reported. Yi urges investors to stay calm and rational, saying that ups and downs are expected in any market. Yi is “full of confidence” with China’s capital market as the economic fundamentals remain sound. The resilience of economic growth has increased, and the total supply and demand have become more and more balanced. This year, the Chinese yuan is one of the few currencies that have appreciated against the US dollar, Yi added. He also promises that the … [Read more...] about A-share market primarily affected by emotions: PBOC boss

China DigestEconomics and Policy from China's Newspapers Major Hong Kong-listed telecom may consider CDR plan following the release of clear guidelines, says Shang Bin By Asia Times staff May 18, 2018 5:56 AM (UTC+8) Share Tweet Linkedin Print Email Share 0 Comment 0 China Mobile, one of three big state-owned telecommunication operators in the nation, is considering a return to the mainland market through the China Depositary Receipt, said Shang Bin, chairman of the company, The Paper reported. According to Shang, the company which is currently listed in Hong Kong, can consider the CDR plan after the regulator issues clear guidelines. The main idea is to allow its 900 million domestic users to “share the fruits of growth.” The incoming CDR could give domestic investors a route to Chinese firms listed outside mainland China, which is part of a broader effort by the Chinese government to bring home domestic tech giants like Baidu, Alibaba and Tencent. According … [Read more...] about China Mobile eyes return to A-share market