Banking, property shares lead slump on bourses as fund managers book profitsEquities continued their downtrend on China"s A-share market on Friday, amid the sharp plunge in valuations this year.The benchmark Shanghai Composite Index fell by 0.79 percent to close at 2516.25 points on Friday, and ended the week 2.99 percent lower with a four-day losing streak. The smaller Shenzhen Component Index declined by 1.2 percent to 7337.60 points, while the ChiNext Index, China"s Nasdaq-style board of grow

Regulator to reduce "administrative intervention" in market transactionsThe Financial Stability and Development Committee on Thursday said China"s stocks have started to show promising signs of becoming valuable long-term investments, sending a positive signal to investors who are jittery about performance of the domestic A-share indexes in the year ahead.It also said that the regulator will reduce "administrative intervention" in market transactions, wording that was believed to be behind the r

Mainland companies" listings help financial hub to regain title in 2018Companies from the Chinese mainland are driving a bumper year for Hong Kong IPOs in 2018, helping the city to regain its much-coveted title as the world"s leading venue for going public.KPMG forecast a total of 208 firms will raise as much as HK$286.6 billion ($36.6 billion) this year, according to its annual IPO review released in Hong Kong on Tuesday.That means Hong Kong has topped the global rankings for IPO volumes this y

Initial public offerings (IPOs) are expected to raise 140 billion yuan (about 20.3 billion U.S. dollars) to 170 billion yuan on the Chinese mainland stock market next year, according to a report from auditing and consultancy firm Deloitte China.Around 110 to 150 companies are expected to go public on the A-share market in 2019, the China Securities Journal cited the report as predicting.This year, funds raised through IPOs on the market are likely to reach 140.2 billion yuan, the report estimate

Foreign investors" passion for A shares seen boosting marketForeign investors" increasing participation in China"s A-share trading will help improve market functioning and boost performance of large-cap equities and consumer stocks, analysts said.Foreign investors" role has become more important in recent years, they said.According to Aberdeen Standard Investments, a London-listed global asset manager, holdings of foreign investors in the A-share market accounted for about 2.5 percent of total m

Billions of dollars set to flow into the country"s stock market from Sept 2019Eligible shares listed in Chinese stock market are expected to debut on index provider S&P Dow Jones Indices in September 2019, a move set to attract billions of dollars in inflows to the domestic stock market after the central government pledged to open it wider to foreign investors.After three years of rejecting A shares, the index provider finally decided to change its stance as China has made concrete steps in prom

Standard & Poor"s Dow Jones indices will include China A-Shares to S&P DJI"s Global Benchmark Indices, the company announced on Wednesday.The eligible China A-Shares include those accessible via the Shanghai-Hong Kong Stock Northbound Connect or Shenzhen-Hong Kong Stock Northbound Connect facilities.These A-Shares will be added to S&P DJI"s Global Benchmark Indices with an Emerging Market classification effective prior to the market"s opening on Sept 23, 2019, using a reduced weight factor of 25

Two years after its launch, the Shenzhen-Hong Kong stock connect program has become an important platform for global investors to access China"s A-share market.As of Dec. 5, the program"s two-year anniversary, the total turnover through the stock connect reached 4.15 trillion yuan (about 605 billion U.S. dollars), data from the Shenzhen Stock Exchange showed.Net purchases through northbound trading, or money invested from Hong Kong into the Chinese mainland, reached 266.84 billion yuan, while ne

The launch ceremony of the Shanghai-London stock connect is scheduled to be held in London on Friday, when a list of related Chinese and UK enterprises will be announced, Chinese financial news outlet Yicai reported.The Shanghai Stock Exchange said in a statement on Tuesday evening it has approved the register of China International Capital Corporation (UK) Limited to become a global depositary receipt UK cross-border switch institution under the Shanghai-London stock connect program.Earlier, Hu

Multiple positive news reports over the weekend bolstered the Chinese A-share market, which has undergone months of decline.The benchmark Shanghai Composite Index posted the biggest daily gain in a month and rebounded 2.57 percent to close at 2654.8 points on Monday, while the Shenzhen Component Index picked up 3.34 percent to close at 7938.47 points. China"s Nasdaq-style board, the ChiNext Index, gained 3.26 percent to close at 1372.79 points.Eased trade tensions between China and the United St

Easing of CSRC"s rules geared to inject vitality into market and real economyThe Chinese central regulators have relaxed the grip on the restructuring of A-share companies in order to inject more vitality into the market and better serve the real economy.The China Securities Regulatory Commission reviewed 109 restructuring applications by Nov 15 this year, among which 96 have been approved.In China, corporate restructuring entails mergers, acquisitions, and spin-off of irrelevant or underperform

Huatai Securities, HSBC Holdings to set the tone for launch of platform in DecemberHuatai Securities and HSBC Holdings are expected to be the only two stocks to list and trade at the launch of the Shanghai-London Stock Connect in December, and investors may have to wait for months to invest in other stocks planning to do the same, according to two people with knowledge of the matter.Many companies have expressed their interest in participating in the long-anticipated stock connect program, but "