Category: MARKET

Posted in IN-DEPTH MARKET

Many property companies default on commercial paper repayments amid liquidity crunch

A number of Chinese real estate companies have repeatedly defaulted on commercial paper payments amid a sector-wide liquidity crunch and that has made it difficult…

Posted in IN-DEPTH MARKET

China’s state-backed Big Fund cut holdings in chipmakers after the sector’s strong rally, Phase II accelerates investment with focus on upstream

The state-backed China Integrated Circuit Industry Investment Fund, known as “The Big Fund”, will cut holdings in Hunan Goke Microelectronics Co., Ltd by no more than 3.64 million…

Posted in MARKET POLICY & REGULATION

China to speed up local government bond issuance to boost investment, several regions to start issuance in January

China will speed up issuance of local government special-purpose bonds to help boost effective investment, Chinese Premier Li Keqiang said at a State Council meeting…

Posted in COMPANY IN FOCUS MARKET

Chinese property developers Shimao, Guangzhou R&F see more troubles

A unit of Chinese property developer Shimao Group has defaulted on a trust loan with 645 million yuan of overdue payment, China Credit Trust Co said…

Posted in DATA MARKET

China stock markets see foreign capital inflows hit record high, manufacturing sector increasingly favoured

Foreign capital flows into China’s equity markets hit a new record high in 2021, as the country further opened its financial markets to overseas investors…

Posted in MARKET

PBOC injects most liquidity in two months after money market rates surged

China boosted liquidity injection into the banking system to the highest level in two months, to meet demand for higher cash demand before year-end.

Posted in MARKET

China Mobile to raise $8.78 billion in Shanghai IPO in world’s second-biggest stock offering

China Mobile is planning what could be the world’s second-largest initial public offering (IPO) this year, almost a year after delisting from the New York…

Posted in DATA MARKET

China’s airlines, airports hit hard by Covid-19 resurgence in November, more pressure expected early next year

Chinese airlines see passenger traffic plunge in November due to Covid-19 resurgence in several regions. Industry insiders expect more pressure this month and early next…

Posted in MARKET POLICY & REGULATION

China to expand Shanghai-London stock connect, to crack down on “fake foreign capital” via mainland-Hong Kong connect

A stock connect scheme linking Shanghai and London will be broadened to include Shenzhen-listed companies, as well as capital markets in Germany and Switzerland, China’s…

Posted in DATA MARKET

China’s cobalt prices hit three-year high amid Covid-19 disruption in Zhejiang

China’s cobalt prices hit the highest level in three years after some cobalt factories suspended production amid Covid-19 outbreaks in East China’s Zhejiang province, pushing…

Posted in IN-DEPTH MARKET

China’s LNG price tumbled nearly 50% since mid-November

While liquefied natural gas (LNG) prices in the overseas market surge, the prices in China’s domestic market have slid by nearly 50% since mid-November as…

Posted in MARKET

China’s insurance companies cut shareholding in property developers, banks

Chinese property developer Gemdale Group said in a stock exchange filing on December 8 that Dajia Insurance Group had cut its shareholdings in Gemdale by 226…

Posted in MARKET

Chinese yuan strengthens against dollar to hit strongest in more than three years

Driven by stronger-than-expected exports and corporate dollar sales, Chinese yuan strengthens against the US dollar on Wednesday, with both onshore and offshore exchange rates touching…

Posted in IN-DEPTH MARKET

Several private property developers plan to issue asset-backed securities as real estate financing improves further

Several private-owned real estate developers in China including Country Garden and Logan Group have announced plans to issue asset-backed securities (ABS) as financing environment for…

Posted in MARKET OPINION & ANALYSIS

China said to establish world’s largest rare earth group amid strong demand, rising prices

China has approved the plan to establish of a world’s largest rare earth company, according to several state-run news outlets including Securities Times.

Posted in DATA MARKET

Chinese property developers’ bond issuance jumped 186% in November from previous month, offshore bond sales hit lowest this year

Chinese property developers’ bond issuance picked up significantly in November after authorities repeatedly urged financial institutions to improve financing environment for the cash-strapped real estate…

Posted in IN-DEPTH MARKET

China’s steel prices show stabilization amid expectation of stronger demand, analysts say room for improvement limited

China’s steel prices show signs of stabilization recently after sliding sharply in the past few months, boosted by expectations of stronger steel demand amid improving…

Posted in MARKET

China’s cement price fell significantly in traditional peak season, due to sluggish demand, falling coal prices

China’s cement prices have declined significantly in November and central China’s Hubei province and south Guangdong province led the drops, with prices in the regions…