On October.5, China’s top securities regulator made a public speech. Statistics show that by the end of July, 113.8 billion had been raised by China’s domestic enterprises through being listed on overseas stock markets.
According to China Securities Regulatory Commission’s recent numerical statement, by the end of last July, as much as 154 Chinese enterprises had started initial public offering abroad.
In June 1993, Tsingtao Brewery Corp, China’s first corporation listed out Read more…
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China, economy, exchange, oversea, statement, stock
Despite of the financial crisis, China has more rich people.
The report released by China Merchants Bank and consultancy Bain & Company on 30th, March shows that around 320,000 people will have 10 million Yuan ($1.46 million) of asset by the end of this year, which is 6% higher than that of last year.
The asset includes cash, stocks, funds, securities and real estate investments, Read more…
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The stock market in economic slowdown could turn the hard-earned savings to ashes instantly which was exactly the experience of Wen Wu, a government employee of Loudi in Central China Hunan province.
Wen Hu now has lost nearly all of his 240,000 yuan savings in the stock market with only 7,000 yuan left in his account.
According to a recent survey from the official Shanghai Securities News and Stock Star, only 6% of the respondents Read more…
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China, economy, market, recession, slowdown, stock
After the government announced a fresh financial stimulus to boost its economy, Chinese stocks rose to a 3-week high level.
The benchmark Shanghai Composite Index edged up 1.84 percent, which was 36.09 points, to close at 2001.5 on Nov.4. And the turnover on the bourse reached the highest point since May 9, which Read more…
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According to ten top economists in a joint plea to the central government, in order to materialize the 4 trillion yuan stimulus package and shore up China’s economy, decisive and coherent policy measures to revitalize the equity market are needed.
As the barometer of the country’s economic and social conditions, the bad situation of the Chinese stock market may bring serious damage to the banking and fiscal systems as well as listed companies. The country’s domestic consumption Read more…
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capital, China, economy, index, market, stock
After the sharp fall to surge more than 6 percent yesterday, the major mainland index began to rally, mainly boosted by heavy weight stocks in the energy and financial sectors.
The benchmark Shanghai Composite Index and Shenzhen Component Index both soared several percent especially Shanghai Composite Index had 884 stocks closing higher.
The amount of the combined Read more…
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China, energy, finance, mainlan, package, stimulus, stock
According to the top manager of NASDAQ Group, the largest global exchange company the day before yesterday, they are trying to enter China’s stock market.
“We are contacting the China Securities Regulatory Commission and Shanghai Stock Exchange for a listing,” said Eric D. Landheer, head of Asia-Pacific at NASDAQ OMX Group. “And our commitments will continue despite the market turmoil.”
NASDAQ OMX Group is controlling and operating the NASDAQ stock exchange—the largest in Read more…
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According to Shanghai municipal statistics bureau, the city’s GDP grew 10.3 percent to 653.07 billion yuan in the first half of 2008, a whisker below the national growth rate of 10.4 percent in the same period, though the stock and property markets are depressed,
Cai Xuchu, the bureau’s chief economist and spokesman, said that the downturn of activities in the property sector weighed down the GDP growth rate by 0.4 percent while the bearish securities market did not made any contributions to Read more…
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economy, increase, Shanghai, statistic, stock
PPG, the successful online clothing retailer, turned a new page in Chinese clothing industry, but that is only a beginning.
What makes PPG so special is that it employs a business model combined of e-commerce and traditional retail, in which Internet and call centers play a fairly important role. This saved PPG much cost of maintaining retail outlets. David Lee, its chairman, said. “We never need to keep a large inventory,” he said.
It is said that PPG has received investment of $80 million from Read more…
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Powered by the booming economy and high stock investment returns, the net profit of publicly traded Chinese firms soared 49.7% on average in 2007.
According to the Shanghai Securities News, net profit of the 1,574 companies listed on the Shanghai and Shenzhen exchanges totaled 949.7 billion yuan ($136 billion) last year. Their revenue climbed 25% to 9.45 trillion yuan, taking up 38.3% of the country’s gross domestic product (GDP) and earnings per share grew 39.7% to a record high of 0.42 yuan.
China’s GDP witnessed the fifth straight year of double digit growth of 11.9% last year. In the mean time, the benchmark Shanghai Composite Index nearly doubled.
In spite of such negative factors as slower export growth, tightening monetary policies and the worst winter in more than five decades, Li Feng, a Galaxy Securities analyst, foresees a no lower than 30% growth in the first quarter corporate profits of listed firms.
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On October.5, China’s top securities regulator made a public speech. Statistics show that by the end of July, 113.8 billion had been raised by China’s domestic enterprises through being listed on overseas stock markets. 
