Category: Finance
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China Tightens Rules on Municipal Infrastructure Debt
Read more: China Tightens Rules on Municipal Infrastructure DebtAugust 26, 2024 (InvestinChina.asia) – China’s Ministry of Finance and five other departments have introduced stricter regulations to prevent illegal borrowing for municipal infrastructure projects with no or insufficient returns. The new measures aim to strengthen budgetary discipline and curb government debt risks. Key Points No Unlawful Borrowing Budget Discipline Repayment Priorities Asset Management Effective…
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Seasonal Factors Have Significant Impact on China Stock Market Sentiment, Says CSC
Read more: Seasonal Factors Have Significant Impact on China Stock Market Sentiment, Says CSCAug. 22 2024 (InvestinChina.asia) – Seasonal factors have a significant impact on investor sentiment in the China stock market, according to an analysis released by China Securities Co., Ltd. (CSC). The analysis focused on seasonal patterns in market sentiment, including the spring market working up (春季躁动), the period around New Year’s Day and Chinese New…
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China’s Stock Market Seeks Solution to Low Trading Volumes
Read more: China’s Stock Market Seeks Solution to Low Trading VolumesAug. 20, 2024 (InvestinChina.asia)— Huatai Securities has released a report indicating that China’s stock market needs positive signals of strong economic performance to break out of its current low trading volumes, with key clues likely to emerge in the third quarter. The report also examines historical periods of low trading volumes and the factors that…
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China Further Eases Restrictions on Foreign Strategic Investment in Listed Firms
Read more: China Further Eases Restrictions on Foreign Strategic Investment in Listed FirmsChina’s Ministry of Commerce (MOFCOM) announced plans to further relax restrictions on foreign strategic investment in listed companies, part of a broader push to open up its markets to international investors. During a press conference held by the State Council Information Office on August 16, Li Yongshu, Deputy Representative for International Trade Negotiations at MOFCOM,…
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Shanghai and Shenzhen Stock Exchanges End Real-Time Disclosure of Northbound Trading Data
Read more: Shanghai and Shenzhen Stock Exchanges End Real-Time Disclosure of Northbound Trading DataThe Shanghai and Shenzhen Stock Exchanges announced recently that they will adjust the existing disclosure mechanism for northbound trading under the Shanghai-Hong Kong and Shenzhen-Hong Kong Stock Connect programs. Effective August 19, 2024, the exchanges will no longer provide real-time data on northbound trading volumes, including buy and sell transactions, and total trading amounts. Northbound…
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China Seeks Feedback on Prohibiting Local Governments from Offering Incentives for IPOs
Read more: China Seeks Feedback on Prohibiting Local Governments from Offering Incentives for IPOsThe State Council of China is soliciting public feedback on draft regulations that prohibit local governments from offering incentives for company listings and allow sponsorship services to be charged in phases according to work progress. In a recent move aimed at regulating services related to public stock offerings, enhancing the quality of listed companies, protecting…
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Dongwu Securities: Overseas Turbulence May Alter A-Share Market Style
Read more: Dongwu Securities: Overseas Turbulence May Alter A-Share Market StyleThe recent severe fluctuations abroad have involved a carry trade unwind (liquidation of interest rate arbitrage trades), but the main factor is the result of deleveraging. Due to the narrowing interest rate differential between Japan and the US, which has driven up the Japanese yen, the carry trade unwind is expected to continue, meaning there…
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China’s ETF Market Surges: A 21% AUM Leap & Historic Milestones Hit
Read more: China’s ETF Market Surges: A 21% AUM Leap & Historic Milestones HitThe Shanghai Stock Exchange (SSE) released its latest report on the exchange-traded fund (ETF) industry, showcasing impressive expansion and record-breaking milestones. As of June 30, 2024, the number of ETFs listed on domestic exchanges reached 967, marking a 9% increase from the end of 2023. Total assets under management (AUM) soared to 2.48 trillion yuan,…
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China’s Securities Regulator Greenlights New Options for Eggs, Corn Starch, and Live Hogs
Read more: China’s Securities Regulator Greenlights New Options for Eggs, Corn Starch, and Live HogsChina’s securities watchdog has given the go-ahead for the registration of new options contracts for eggs, corn starch, and live hogs on the Dalian Commodity Exchange (DCE). This move expands the exchange’s derivatives roster to sixteen products, broadening the risk management toolkit for market players.
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A-Share Market Braces for Major Share Unlocking Next Week
Read more: A-Share Market Braces for Major Share Unlocking Next WeekNext week, from August 5th to 9th, 51 A-share listed companies will see the lifting of restrictions on their non-tradable shares, amounting to a total market value of 59.43 billion yuan based on the latest closing prices. Five firms will undergo significant unlockings exceeding 6 billion yuan each, with four of these also presenting substantial…