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China Margin Trading to Start Mar 31, Rates Set at 7.86%
Posted by: Kiki.yang on Mar 26 2010
The six securities companies selected to offer pilot margin trading and short selling services have set margin trading interest rates at 7.86% and short-selling fees at 9.86%, and will launch the trial services on March 31, China Business News reported citing industry sources at a preparatory conference for the margin trading pilot program in Guangzhou... |
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China Margin Trading: Coming Soon, but When?
Posted by: Kiki.yang on Mar 22 2010
China Financial Futures Exchange General Manager Zhu Yuchen said margin trading and stock index future will both be launched mid-April, Shanghai Securities News reported March 20.
According to an unnamed China Securities Regulatory Commission (CSRC) official, the CSRC has approved applications from six securities companies -- namely Guotai Junan Securities, Guosen Securities, CITIC Securities (600030.SH), Everbright Securities (601788.SH) Haitong Securities (600837.SH) and Guangfa Securities (000776.SZ) -- to launch margin trading as soon as the end of March, China Business News reported March 22... |
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A-Shares Flat, Securities Rally on Rumors of April Futures
Posted by: Cherry Zhang on Jan 19 2010
The Shanghai Composite Index inched up 0.3% to close at 3,246.87, while the Shenzhen Composite Index closed 0.3% lower at 1,237.21 on January 19. Trading volume on the Shanghai and Shenzhen Stock Exchanges was RMB 162.67 billion and RMB 106.74 billion, respectively.
Trading in stock index futures may begin as soon as early April, China Securities Journal reported January 19 quoting an unnamed "authority." Securities companies gained across the board, with Guoyuan Securities (000728.SZ), Hong Yuan Securities (000562.SZ), Northeast Securities (000686.SZ) and Changjiang Securities (000783.SH) rising 2.85%, 2.45%, 1.92% and 1.75%, respectively... |
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H-Shares Gain 1.4%, Securities Soar on Haitong Buy
Posted by: Cherry Zhang on Nov 23 2009
The Hang Seng Index rose 1.41% to close at 22,771.39 on November 23, in main board trading volume of HK$51.89 billion.
Shares of investment holding companies soared on Monday, after Haitong Securities (600837.SH) announced that its subsidiary Haitong (Hong Kong) Financial Holdings will spend HK$1.82 billion to acquire 52.86% stake, or 373 million shares, in Taifook Securities (0665.HK) from NWS Holdings (0659.HK), reports China Business News... |
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A-Shares on 3-Day Climb, ChiNext Prolongs Selloff
Posted by: Cherry Zhang on Nov 03 2009
The Shanghai Composite Index increased 1.22% to close at 3,114.23, while the Shenzhen Composite Index grew 1.72% to close at 1,104.31 on November 3. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 170.32 billion and RMB 119.62 billion, respectively.
Securities companies posted gains on Tuesday, after China Merchants Securities announced November 2 that it plans to issue up to 360 million shares to list on the Shanghai Stock Exchange under the ticker "600999," reports Sina... |
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A-Shares Slide
Posted by: Jessica Jin on Apr 21 2009
The Shanghai Composite Index slipped 0.85% to close at 2,535.83, while the Shenzhen Composite Index declined 1% to finish at 856.11 on Tuesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 154.98 billion and RMB 84.63 billion, respectively... |
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A-Shares Fall 3.5%
Posted by: Megan Ko on Apr 08 2009
The Shanghai Composite Index dipped 3.76% to close at 2,347.39, while the Shenzhen Composite Index sank 3.29% to finish at 780.46 on Wednesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 135.64 billion and RMB 69.31 billion, respectively.
Shares of Changjiang Securities (000783.SH), Guoyuan Securities (000728.SZ), Southwest Securities (600369.SH) and Haitong Securities (600837.SH) fell 9.45%, 8.52%, 8.48% and 7.83%, respectively... |
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A-Shares Plunge on Dow Woes
Posted by: Jessica Jin on Feb 24 2009
The Shanghai Composite Index decreased 4.56% to close at 2,200.65, and the Shenzhen Composite Index slipped 3.85% to close at 737.93 on Tuesday as the Dow fell overnight to a 12-year low, reports xinhuanet.com... |
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A-Shares Flat, CSRC Selects New Party Candidates
Posted by: Cherry Zhang on Feb 11 2009
The Shanghai Composite Index slumped 0.19% to close at 2,260.82, while the Shenzhen Composite Index grew 0.24% to close at 716.4 on Wednesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 172.32 billion and RMB 92.38 billion, respectively.
China Securities Regulatory Commission (CSRC) held an internal meeting on February 9 to select candidates for deputy secretary, vice chairman and assistant to the chairman of its Party standing committee, reports National Business Daily... |
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A-Shares Hit 4-Month High, GEM to Launch Soon
Posted by: Jessica Jin on Feb 04 2009
The Shanghai Composite Index rose 2.28% to close at 2,107.75, while the Shenzhen Composite Index climbed 2.18% to close at 652.99 on Wednesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 110.70 billion and RMB 56.19 billion, respectively.
Finalized regulations for the Growth Enterprise Market (GEM) have been submitted to the State Council and may be released before the 2009 National People's Congress (NPC) and the Chinese People's Political Consultative Conference (CPPCC), to be held on March 5 and March 3, respectively, reports Caijing Magazine... |
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A-Shares: Shanghai Nears 2,000
Posted by: Sophia Fu on Jan 20 2009
The Shanghai Composite Index rose 0.37% to close at 1,994.11, while the Shenzhen Composite Index increased 0.92% to close at 606.81 on Tuesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 55.56 billion and RMB 28.14 billion, respectively... |
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A-Shares Drop 5%
Posted by: Cherry Zhang on Dec 23 2008
The Shanghai Composite Index sunk 4.55% to close at 1,897.23, while the Shenzhen Composite Index dropped 5.56% to close at 587.21 on Tuesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 66.98 billion and RMB 39.14 billion, respectively.
Despites lower lending and deposit rates announced on Monday night, shares of Haitong Securities (600837.SH), Guoyuan Securities (000728.SZ), Changjiang Securities (000783.SZ), Northeast Securities (000686.SZ) and Hong Yuan Securities (000562.SZ) fell 7.97%, 9.97%, 9.98%, 9.99% and 10.02% respectively... |
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A-Shares Fall 6% After Brief Respite
Posted by: Melody Jiang on Nov 18 2008
The Shanghai Composite Index dropped 6.31% to close at 1902.43, while the Shenzhen Composite Index fell 6.85% to close at 524.98 on Tuesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 101.45 billion and RMB 43.56 billion, respectively, on Tuesday.
Shares of Anhui Xinke New Materials Co... |
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A-Shares Sag, CPI Up 4% In October
Posted by: Cherry Zhang on Nov 11 2008
The Shanghai Composite Index fell 1.66% to close at 1,843.61, while the Shenzhen Composite Index slumped 0.56% to close at 494.54 on Tuesday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 56.74 billion and RMB 26.48 billion, respectively, on Tuesday... |
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A-Shares Flattened By Securities Slump
Posted by: Sophia Fu on Nov 03 2008
The Shanghai Composite Index slid 0.52% to close at 1,719.77, while the Shenzhen Composite Index slipped 1.03% to close at 466.05 on Monday. Trading volume on the Shanghai and Shenzhen Stock Exchanges reached RMB 23.13 billion and RMB 89.75 billion, respectively, on Monday... |
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