Posted by: Cherry Zhang on Feb 25 2010

The Shanghai Composite Index rose 1.27% to close at 3,060.62, while the Shenzhen Composite Index climbed 1.71% to end at 1,173.66 on Thursday, February 25. Trading volume on the Shanghai and Shenzhen Stock Exchanges increased to RMB 138.96 billion and RMB 97.67 billion, respectively.

Real estate developers led the rise, with Beijing Vantone Real Estate (600246.SH) growing 3.34%, Poly Real Estate (600048.SH) increasing 3.1% and China Merchants Property Development (000024.SZ, 200024.SZ) rising 3.09%...

Posted by: Sijia Xie on Feb 05 2010

The Shanghai Composite Index fell 1.87% to close at 2,939.40 on Friday, February 5, while the Shenzhen Composite Index gave up 2.02% to close at 1,097.12. Trading volume on the Shanghai and Shenzhen Stock Exchanges was RMB 110.8 billion and RMB 82.48 billion, respectively.

Falling overseas markets pulled down mainland shares across all sectors on Friday...

Posted by: Sijia Xie on Jan 07 2010

The Shanghai Composite Index dropped 1.89% to close at 3,192.78, while the Shenzhen Composite Index declined 1.93% to end at 1,179.99 on January 7. Trading volume on the Shanghai and Shenzhen Stock Exchanges was RMB 157.22 billion and RMB 104.26 billion, respectively.

Bank of Communications (601328.SH) fell 3.46%, China CITIC Bank Corporation (601998.SH) lost 3.40% and China Merchants Bank (600036.SH) shed 2.59%...

Posted by: Cherry Zhang on Nov 06 2009

The Shanghai Composite Index extended its weeklong rally on November 5, rising 0.28% to close at 3,164.04, while the Shenzhen Composite Index increased 0.59 to close at 1,123.82. Trading volume on the Shanghai and Shenzhen Stock Exchanges hit RMB 180.95 billion and RMB 116.58 billion, respectively.

Hainan Zhenghe Industrial Group (600759.SH) soared 10.08%, Hainan Haide Industry (000567.SZ) gained 10.06%, Hainan Expressway (000886.SZ) rose 10.04%, Hainan Lawton Development (600209.SH) grew 9.95%, while Hainan Pearl River Holdings (000505.SZ) and Hainan Dadonghai Tourism Center Holdings (000613.SZ), both stocks trading under ST (with 5% daily movement caps) symbols, closed the day 4.58% and 4.92% higher, respectively...

Posted by: Cherry Zhang on Jul 29 2009

The Shanghai Composite Index sank 5% to close at 3,266.43 while the Shenzhen Composite Index decreased 5.83% to close at 1,072.11 on Wednesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 296.93 billion and RMB 132.2 billion, respectively...

Posted by: Sophia Fu on Jul 16 2009

The Shanghai Composite Index dipped 0.15% to close at 3,183.74, while the Shenzhen Composite Index lost 0.14% to close at 1,076.38 on Thursday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 218.41 billion and RMB 113.97 billion, respectively.

Real estate stocks saw strong gains after an unnamed chief from the Ministry of Housing and Urban-Rural Development (MOHURD) said July 15 that China will take measures to secure real estate market confidence and investment, Sohu reported...

Posted by: Cherry Zhang on Jul 03 2009

The Shanghai Composite Index rose 0.92% to close at 3,088.37, while the Shenzhen Composite Index grew 1.38% to close at 1000.68 on Friday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 177.44 billion and RMB 89.68 billion, respectively.

Shares of Shanghai Shimao (600823.SH) and Shanghai Industrial Development (600748.SH) soared 10.01%, shares of Beijing Vantone Real Estate (600246.SH) rose 9.99%, and Gemdale (600383.SH) shares climbed 8.23%.

Shenzhen Stock Exchange released a regulation July 2 ruling that on the first day's trading following an initial public offering small and medium enterprise board stocks will be suspended from trading for a period of 30 minutes if they increase or decrease by more than 20% and again after 50%, reports The Beijing News...

Posted by: Jessica Jin on Jun 26 2009

The Shanghai Composite Index increased 0.11% to close at 2,928.21, while the Shenzhen Composite Index rose 0.45% to close at 958.68 on Friday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 115.29 billion and RMB 60.18 billion, respectively.

Profits of large industrial enterprises with annual revenue of more than RMB 5 million totaled RMB 850.2 billion in the first five months, down 22.9% year-on-year, the National Bureau of Statistics announced Friday...

Posted by: Cherry Zhang on May 08 2009

The Shanghai Composite Index grew 1.09% to close at 2,625.65, while the Shenzhen Composite Index rose 0.70% to close at 879.93 on Friday. Trading volume on the Shanghai and Shenzhen stock exchanges reached RMB 156.2 billion and RMB 84.3 billion, respectively.

Real estate shares leapt during the day's trading, with COFCO Property Group (000031.SZ) up 10.03%, Beijing North Star Company (601588.SH, 588.HK) jumping 9.98%, Lvjing Realestate Company (000502.SZ) closing 9.79% higher, Vanke (000002.SZ, 200002.SZ) up 7.89% and Beijing Vantone Real Estate (600246.SH) rising 7.81%...

Posted by: Jessica Jin on Apr 22 2009

The Shanghai Composite Index dropped 2.94% to close at 2,461.35, while the Shenzhen Composite Index declined 4.32% to finish at 819.14 on Wednesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 177.69 billion and RMB 88.23 billion, respectively.

Shares of Beijing Vantone Real Estate (600246.SH) gave up 9.85% on Wednesday as the company announced first quarter net profit of RMB 25.22 million, down 88.2%, and revenue of RMB 280.49 million, down 81.23% year-on-year...

Posted by: Cherry Zhang on Apr 14 2009

The Shanghai Composite Index inched up 0.54% to close at 2,527.18, while the Shenzhen Composite Index grew 1.75% to finish at 850.56 on Tuesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 161.98 billion and RMB 90.34 billion, respectively.

China's investment in real estate development was up 4.1% year-on-year to RMB 488 billion, including RMB 342.2 billion in commercial housing investment, for the first three months of 2009, according to data released April 13 by the National Bureau of Statistics...

Posted by: Jessica Jin on Mar 24 2009

The Shanghai Composite Index grew 0.56% to close at 2,338.42, while the Shenzhen Composite Index rose 0.64% to close at 774.3 on Tuesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 149.66 billion and RMB 74.87 billion, respectively.

China is preparing to test the use of its public housing reserve fund as a means to establish affordable housing, reports The Beijing News quoting Zhang Qiguang, the head of the fund's supervision department at the Ministry of Housing and Urban-Rural Development...

Posted by: Jessica Jin on Feb 26 2009

The Shanghai Composite Index fell 3.87% to close at 2,121.25, while the Shenzhen Composite Index sank 6.12% to close at 689.92 on Thursday, with trading relatively stable until 2 p.m. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 127.41 billion and RMB 67.11 billion, respectively...

Posted by: Melody Jiang on Feb 17 2009

The Shanghai Composite Index dropped 2.93% to close at 2, 319.44, while the Shenzhen Composite Index decreased 3.45% to close at 736.98 on Tuesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 169.21 billion and RMB 84.69 billion, respectively.

Shares of Beijing Vantone Real Estate (600246.SH), Shanghai Jinqiao Export Processing Zone Development Co...

Posted by: Jessica Jin on Feb 06 2009

The Shanghai Composite Index rose 3.97% to close at 2,181.24, while the Shenzhen Composite Index climbed 4.37% to close at 672.81 on Friday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 120.67 billion and RMB 65.89 billion, respectively.

Real estate shares of China Wuyi (000797.SZ), Beijing North Star (601588.SH, 588.HK), Shanghai AJ Corporation (600643.SH) and Vantone Real Estate (600246.SH) rose 10.11%, 10.09%, 10.07% and 10.07%, and 9.96%, respectively...