Posted by: Tom Telford on Sep 02 2010

Ping An Insurance (Group) (2318.HK, 601318.SH) will acquire 1.64 billion shares in Shenzhen Development Bank (SDB) (000001.SZ), raising its interest in the lender to 52.39% from 29.99%, according to a Ping An announcement on September 2...

Posted by: Tom Telford on May 05 2010

Ping An Insurance (Group) (2318.HK, 601318.SH) has received approval from the China Securities Regulatory Commission (CSRC) to issue 299.09 million H-shares to Shenzhen Development Bank (SDB) (000001.SZ) stake holder Newbridge Capital in exchange for 520.41 million shares in SDB held by Newbridge, according to an announcement by the insurer on May 5...

Posted by: Kiki.yang on Apr 30 2010

Beijing released local regulations April 30, requiring banks to stop issuing mortgages to potential home buyers who already own two or more homes or to anyone who is unable to provide documentation of tax or social security payments for at least one year, reports guandian.cn.

Shenzhen Development Bank (000001.SZ) will require down payment of 55% and mortgage rate 1.2 times the base interest rate for third house loans, according to a separate report by guandian.cn April 30 citing bank Vice Director Liu Baorui.

Reports Thursday said local governments were planning to release local regulations to add to property restrictions soon.

Posted by: Tom Telford on Apr 07 2010

The Shanghai Composite Index decreased 0.3% to close at 3,149.09, while the Shenzhen Composite Index climbed 0.27% to end at the day's high of 1,240.78 on Wednesday, April 7. Trading volume on the Shanghai and Shenzhen Stock Exchanges were RMB 126.77 billion and RMB 103.46 billion, respectively.

Real estate stocks extended yesterday's falls...

Posted by: Tom Telford on Mar 12 2010

The Shanghai Composite Index retreated 1.24% to close at 3,013.41, while the Shenzhen Composite Index fell 1.38% to end at 1,147.44 on Friday, March 12. Trading volumes on the Shanghai and Shenzhen Stock Exchanges were RMB 84.35 billion and RMB 68.93 billion, respectively.

Stocks were broadly flat and sectors mixed in early trading on Friday but by the afternoon session, rumors of an impending measures to counteract fast February inflation were circulating...

Posted by: Cherry Zhang on Feb 22 2010

The Shanghai Composite Index fell 0.49% to close at 3,003.39, while the Shenzhen Composite Index decreased 0.1% to end at 1,129.38 on Monday, February 22, the first day of trading following a week-long break for China's Spring Festival...

Posted by: Sijia Xie on Feb 04 2010

The Shanghai Composite Index declined 0.28% to close at 2,995.31, while the Shenzhen Composite Index increased 0.28% to close at 1,119.77 on February 4. Trading volume on the Shanghai and Shenzhen Stock Exchanges was RMB 114.6 billion and RMB 80.9 billion, respectively.

Large-cap bank stocks declined Thursday after sources close to Central Huijin called rumors that the investment arm of China's sovereign wealth fund planned to increase its holdings in China's big three commercial banks "bogus." The rumor had buoyed bank shares the previous day...

Posted by: Sijia Xie on Feb 03 2010

The Shanghai Composite Index rebounded 2.36% to close at 3,003.84, while the Shenzhen Composite Index increased 1.85% to close at 1,116.60 on February 3. Trading volume on the Shanghai and Shenzhen Stock Exchanges picked up to RMB 119.04 billion and RMB 79.66 billion, respectively.

Banks rebounded strongly on rumors that state-owned Central Huijin Investment plans to increase its holdings in China's big three commercial banks, Industrial and Commercial Bank of China (601398.SH, 1398.HK) China Construction Bank (601939.SH, 0939.HK), and Bank of China (BOC) (3988.HK, 601988.SH), after their recapitalization plans are approved...

Posted by: Kiki.yang on Jan 27 2010

The Shanghai Composite Index dropped 1.09% to close at 2,986.61 points on January 27, while the Shenzhen Composite Index decreased 0.79% to close at 1,103.64. Trading volume on the Shanghai and Shenzhen Stock Exchanges was RMB 90.32 billion and RMB 58.93 billion, respectively.

Banking stocks led the downward trend...

Posted by: Cherry Zhang on Jan 21 2010

The Shanghai Composite Index rose 0.22% to close at 3,158.86, while the Shenzhen Composite Index grew 0.21% to close at 1,194.21 on January 21. Trading volume on the Shanghai and Shenzhen Stock Exchanges was RMB 142.1 billion and RMB 83.52 billion, respectively...

Posted by: Melody Jiang on Sep 01 2009

The Shanghai Composite Index inched up 0.6% to close at 2,683.73, while the Shenzhen Composite Index fell 0.46% to close at 900.53 on Tuesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 101.72 billion and RMB 53.58 billion, respectively...

Posted by: Cherry Zhang on Aug 25 2009

The Shanghai Composite Index decreased 2.59% to close at 2915.8, while the Shenzhen Composite Index sank 2.33% to close at 975.53 on Tuesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 160.95 billion and RMB 81.64 billion, respectively.

Xi'an Tourism (000610.SZ) soared 10.03%, Beijing Capital Tourism (600258.SH) grew 9.98%, Beijing Jingxi Tourism Development rose 9.97% while Lijiang Yulong Tourism (002033.SZ) climbed 9.58%...

Posted by: Cherry Zhang on Jul 30 2009

The Shanghai Composite Index rose 1.69% to close at 3,321.56 while the Shenzhen Composite Index increased 1.11% to close at 1,084.057 on Thursday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 219.81 billion and RMB 108.11 billion, respectively.

Shares of Shenzhen Development Bank (000001.SZ) soared 10%, shares of Bank of Ningbo (002142.SH) grew 8.15% and Shanghai Pudong Development Bank (600000.SH) increased 7.52% while Bank of Beijing (601169.SH) gained 6.72%...

Posted by: Melody Jiang on Jul 16 2009

Tianjin branches of China Minsheng Banking (600016.SH) and Industrial and Commercial Bank of China (601398.SH, 1398.HK) are requiring second-home buyers to pay 40% down payments on the principal and charging interest at 110% of the national base rate, guandian.cn reported quoting Tianjin media sources...

Posted by: Cherry Zhang on Jul 01 2009

The Shanghai Composite Index rose 1.65% to close at 3,008.15, while the Shenzhen Composite Index grew 1.58% to close at 977.46 on Wednesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 153.79 billion and RMB 73.69 billion, respectively.

The purchasing managers index (PMI) for China's manufacturing sector increased 0.1 percentage points to 53.2% in June, according to statistics released by the China Federation of Logistics & Purchasing (CFLP) on July 1.

China approved the establishment of the country's first private equity trading fair in Guangzhou Enterprises Mergers and Acquisitions Services on June 30, Yangcheng Evening News reports.

Shares of Tianjin Realty Development Group (600322.SH) soared 10.08%, Jingneng Property (600791.SH) rose 10.06%, Shanghai Shimao (600823.SH) grew 10.01%, and Beijing Capital Development (600376.SH) increased 9.97%.

Shares of Shenzhen Development Bank (000001.SZ) climbed 6.55%, Bank of Communications (601328.SH, 3328.HK) expanded 5.77%, shares of Shanghai Pudong Development Bank (600000.SH) gained 4.87%, and Industrial Bank (601166.SH) added 4.82%.