Jan-July period sees $23.4 billion in inflows despite fears over trade rowsOverseas investors" committment to China"s key A-share market remains unchanged despite the less-than-stellar performance of stocks in the past few months due to concerns over trade frictions.At a news conference on Aug 10, Gao Li, spokesperson of the China Securities Regulatory Commission, said overseas investors pumped in 161.6 billion yuan ($23.4 billion) into A shares in the January-July period.According to GF Securit
China"s charity organizations will be banned from directly buying and selling stocks, according to an interim guideline on managing charity organizations" investment activities released by the Ministry of Civil Affairs.They will also be prohibited from directly purchasing commodities, financial derivatives, insurance and others.Assets of the organizations that are funded by the government or unavailable for investment according to donation agreements must not be spent on investment, the guidelin
China will launch a new listing venue for high-tech companies in Shanghai and experiment with a registration-based system for initial public offerings (IPOs), as part of the country"s persistent effort to reform and open up the domestic financial market, officials said on Monday.During a keynote speech at the opening ceremony of the first China International Import Expo (CIIE) in Shanghai, Chinese leader announced that China will launch a science and technology innovation board at the Shanghai S
An investor checks stock prices at a securities brokerage in Fuyang, Anhui province, on Friday. LU QIJIAN/FOR CHINA DAILYEquities staged a smart recovery on the mainland bourses on Friday, in tandem with other Asian bourses, as sentiment improved on signs of a thaw in trade tensions and efforts by the country to boost the private sector, analysts said.The Shanghai Composite Index closed 2.70 percent higher at 2676.48 points, notching up a weekly gain of 2.99 percent. The smaller Shenzhen index w
A-share listed securities brokers saw a sound performance in the stock market, despite their declining profits for the first three quarters of this year, Securities Times reported.Total revenues of the 34 listed securities companies were registered at 184.55 billion yuan ($26.5 billion) in the first three quarters, down 12.29 percent year-on-year, and net profits belonging to owners of parent companies stood at 47.82 billion yuan, down 32.91 percent compared with a year earlier.CITIC Securities
The ChiNext, China"s NASDAQ-style board, celebrated its ninth anniversary.Established on Oct. 30, 2009, the ChiNext, featuring fast growth start-ups, has played a crucial role in providing financial support for the real economy in China to promote high-quality development.The following are key facts and figures on the development of the ChiNext board in the past nine years:-- By the end of October, the number of ChiNext-listed companies has risen from 28 to 734, with the market value totaling 4
Market regulator vows more measures to enhance liquidity, boost M&As and share buybacksChina"s A-share market remained weak on Tuesday, losing as much as 0.8 percent in early trading, but managed to rebound after the securities regulator pledged to enhance market liquidity.The benchmark Shanghai Composite Index closed 1.02 percent higher, at 2568.05 points, after Monday"s 2.2 percent drop. The CSI300 index ended 1.1 percent higher at 3110.26 points after falling 3 percent on Monday.The China Sec
Four firms in new materials, culture, pharmaceuticals eye share sales in UKCobalt new materials manufacturer Zhejiang Huayou Cobalt Co Ltd, cultural company Shanghai Oriental Pearl Group, Kangmei Pharmaceutical Co Ltd and Tasly Pharmaceutical Group are examining the possibility of selling shares in London, potentially to raise money under the long-awaited Shanghai-London Stock Connect Program, according to sources with knowledge of the matter.The companies, which expressed their interest in part
China"s top legislature on Friday adopted revisions to the Company Law, which relaxed restrictions on public companies making stock buybacks.Companies were previously banned from buying back their publicly traded shares except under four circumstances, such as when granting employees equity incentives.Further loosening the restrictions, the revised law allows companies to buy back shares if they use them to issue convertible bonds or when the companies act to defend their corporate value and sha
Pledged-share risks are unlikely to spread as a systemic danger in China, as a result of government-backed funding support and market expectations of more supportive measures.In the long run, the country needs to implement a long-term mechanism and offer a proper credit environment to help ease the financial pain of small and medium-sized enterprises - those which are most likely to be affected by market volatility, according to analysts.Recent fluctuations in the A-share market have led concern
Revision of the Corporation Law to make it easier for listed firms to buy back stocksChina is likely to revise laws to make it easier for listed companies to buy back shares, another policy measure to shore up market confidence after stocks declined more than 20 percent so far this year.The revision is mainly to article 142 of China"s Corporation Law, which regulates share repurchases.The National People"s Congress Standing Committee, China"s top legislative body, will conduct deliberation on a
An investor is seen at a stock exchange in Hangzhou, east China"s Zhejiang Province, Oct. 22, 2018. Chinese stocks closed higher Monday, with the benchmark Shanghai Composite Index up 4.09 percent to close at 2,654.88 points. The Shenzhen Component Index closed 4.89 percent higher at 7,748.82 points. (Xinhua/Long Wei)Chinese stocks surged Monday after policy makers moved to boost confidence in the stock market and pledged to enact measures to ensure its healthy development.Extending Friday"s reb
