Key items expected in Greater China region to September 29:
Tuesday September 23
-Hong Kong-listed CATIC International H1 results
-Hong Kong-listed China Properties H1 results
-Hong Kong-listed AEON Credit H1 results
-Taiwan Aug export orders
-Taiwan Aug industrial output
Wednesday September 24
-Hong Kong’s Kowloon Development H1 results
Thursday September 25
-Hong Kong Aug trade data
-Hong Kong-listed Shimao Property H1 results
-Hong Kong-listed Pou Sheng Q3 [...]
Filed under: Chinese Industry, Hong Kong Stocks, Chinese Stocks, Market Summary, Taipei Stock Market by CSMR
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HONG KONG
Share prices closed higher led by China stocks as the Shanghai bourse extended Friday’s 9.5 pct surge after Beijing took more measures to support its markets. Investors also welcomed the US government’s rescue plan for banks, though there are some doubts whether the bailout would end all the problems in the US. The Hang [...]
Filed under: Hong Kong Stocks, Chinese Stocks, China Property Market, Market Summary, Shenzhen Stock Exchange, Taipei Stock Market by CSMR
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BEIJING, Sept. 19 (Xinhua) — China stock prices soared 9.06 percent at opening on Friday after the government moved to scrap the stamp tax on stock purchase, effective Friday, in a move to boost the equities market.
The government said late Thursday it would cancel the 0.1-percent stamp tax on [...]
Filed under: Chinese Stocks, Market Summary by CSMR
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China A-shares finished the morning sharply lower after three more Chinese banks disclosed their exposure to collapsed investment bank Lehman Brothers. Airlines also tumbled on a rebound in crude oil prices.
Financials were under pressure as confidence in the sector collapsed amid reports that more US institutions are seeking mergers to help them weather the credit [...]
Filed under: Chinese Stocks, Market Summary by CSMR
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China B-shares finished the morning session sharply lower, reacting to Wall Street’s over 4 pct tumble after the US government’s takeover of AIG failed to restore confidence in the financial system.
All stocks in the B-share market finished in negative territory, and more than 20 fell by the 10 pct daily limit.
The Shanghai B-share Index fell [...]
Filed under: Chinese Stocks, Market Summary by CSMR
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Bank of China (BOC), the country’s largest foreign exchange lender, said on Wednesday it had total exposure to failed U.S. investment bank Lehman Brothers of 128.82 million U.S. dollars.
The exposure, consisting of Lehman-related bonds of 75.62 million U.S. dollars and loans of 53.2 million U.S. dollars, accounted for 0.01 percent of the lender’s total assets [...]
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China A-shares closed sharply lower for a second day after China Merchants Bank announced a large exposure to Lehman Brothers, raising concerns about how much of the latter’s securities are held by other financial institutions.
China Merchants Bank (SSE:600036, HKG:3968) fell 9.96 pct to 14.47 yuan after tumbling almost 10 pct yesterday. It said it holds [...]
Filed under: Chinese Stocks, Market Summary by CSMR
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