Category: Stock Markets
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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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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…
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Earnings Reports Paint Cautious Optimism: 18% See Profit Doubling, Majority Anticipate Upward Trajectory
Read more: Earnings Reports Paint Cautious Optimism: 18% See Profit Doubling, Majority Anticipate Upward TrajectoryLatest Figures: As of August 3rd, more than 110 publicly traded companies have disclosed their mid-year earnings. Among these, close to 88.2% reported profits for the first half of the year. Sixty-nine firms showed positive growth in net income relative to the same period last year. Remarkably, 20 companies managed to double their net profits,…