April 24, 2011 - China Consumer Confidence Rebounds In Q1 - The consumer confidence index (CCI) in China rose by eight points from the fourth quarter of 2010 to 108 in the first quarter of 2011, according to People’s Daily, citing a survey conducted by the China Economic Monitoring and Analysis Center (CEMAC) and the National Bureau of Statistics.
April 17, 2011 - Capitalvue Weekly Wrap - April 11 - 15, 2011 - The Shanghai Composite Index rose 0.68 percent this week to close at 3,050.53 points Friday on average daily transaction value of 158.61 billion yuan, a slight decline from the 158.85 billion yuan recorded last week. The Shenzhen Composite Index was down 0.54 percent to close at 12,965.75 points Friday on average daily transaction value of 105.77 billion yuan, an increase of 5.89 billion yuan week-on-week.
A slew of macroeconomic data was released by the National Bureau of Statistics and the PBOC this week. China recorded a 24.4 percent year-on-year increase in its foreign exchange reserves to $3.04 trillion through the end of March. Foreign exchange reserves increased by $197.4 billion quarter-on-quarter during the first three months. Gold reserves were unchanged at 3,389 ounces as of end March.
China posted a 9.7 percent year-on-year increase in first quarter GDP growth to 9.63 trillion yuan. Compared with the previous quarter, the growth in the GDP was 2.1 percent. Large-scale industrial enterprises recorded a 14.4 percent year-on-year growth in value-added during the first quarter while the year-on-year growth in value-added in March was 14.8 percent.
China recorded a 5.4 percent year-on-year rise in the CPI in March. The CPI rose five percent during the first quarter of 2011, with urban areas recording a 4.9 percent year-on-year increase in the CPI while prices rose 5.5 percent in rural areas. Food prices rose 11 percent year-on-year during the first three months. The PPI rose 7.3 percent year-on-year in March while it rose 7.1 percent year-on-year during the first quarter. The purchase prices paid by industrial producers rose 10.5 percent year-on-year in March. During the first quarter, prices were up 10.2 percent year-on-year.
Investment in real estate developments increased 34.1 percent year-on-year in the first quarter to 884.6 billion yuan, of which investment in residential developments increased 37.4 percent year-on-year to 625.3 billion yuan. The transaction area of commercial properties increased 14.9 percent year-on-year to 176.43 million square meters in the first quarter while transactions of residential properties increased 14.3 percent year-on-year. Fixed-asset investment (excluding agricultural investment) increased 25 percent year-on-year to 3.95 trillion yuan during the first quarter. Fixed-asset investment (excluding agricultural investment) increased 1.73 percent month-on-month in March.
Retail sales in the first quarter increased 16.3 percent year-on-year to 4.29 trillion yuan, with retail sales in urban areas rising 16.4 percent to 3.72 trillion yuan while retail sales in rural area increased 15.8 percent to 567.4 billion yuan.
The total loan balance increased 17.6 percent year-on-year, or 2.39 trillion yuan, to 52.61 trillion yuan as of end March. The balance of yuan-denominated loans increased 17.9 percent year-on-year, or 2.24 trillion yuan, to 49.47 trillion yuan in the first quarter. The balance of foreign currency loans increased 17.2 percent year-on-year, or $27 billion, to $477.5 billion in the first quarter. New yuan-denominated loan growth in March totaled 679.4 billion yuan, an increase of 172.7 billion yuan from the growth recorded last March. The total deposit balance increased 18.7 percent year-on-year, or 4.04 trillion yuan, to 76.84 trillion yuan through the end of March. The balance of yuan-denominated deposits rose 19 percent year-on-year, or 3.98 trillion yuan, to 75.28 trillion yuan in the first quarter.
April 10, 2011 - Capitalvue Weekly Wrap - April 4 - 8, 2011 - Major Chinese bourses shrugged off the benchmark interest rate hike, fuel price hike and the Nato airstrikes in Libya, to record gains this week. The Shanghai Composite Index rose 2.11 percent in the holiday-shortened week to close at 3,030.02 points Friday on average daily trading value of 158.85 billion yuan, down 2.87 billion yuan from the previous week. The Shenzhen Composite Index rose 2.65 percent this week to close at 13,036.23 points Friday on average daily trading value of 99.88 billion yuan, down 9.23 billion yuan week-on-week.
April 1, 2011 - Capitalvue Weekly Wrap - March 28 - April 1, 2011 - The Shanghai Composite Index fell 0.35 percent to close at 2,967.41 points today on average daily trading value of 161.72 billion yuan, up 23.86 billion yuan week-on-week. The Shenzhen Component Index declined 1.87 percent to close at 12,699.42 points today on average daily trading value of 109.11 billion yuan, an increase of 8.05 billion yuan from the previous week.
March 31, 2011 - Steel & Real Estate Fall As Chinese Indices Extend Declines - The Shanghai Composite Index was down 0.94 percent or 27.66 points to close at 2,928.11 points today on transaction value of 134.41 billion yuan. The Shenzhen Component Index dropped 0.78 percent or 98.31 points to close at 12,562.90 points today on transaction value of 88.26 billion yuan.
March 30, 2011 - Media & Utility Stocks Lead Falls On Chinese Indices - The Shanghai Composite Index dipped 0.08 percent or 2.31 points to close at 2,955.77 points today on transaction value of 152.55 billion yuan. The Shenzhen Component Index was down 0.13 percent or 16.39 points to close at 12,661.22 points today on transaction value of 105.40 billion yuan.
March 29. 2011 - Non-Ferrous Metals & Healthcare Lead Retreat On Chinese Bourses - The Shanghai Composite Index fell 0.87 percent or 25.93 points to close at 2,958.08 points today on transaction value of 199.60 billion yuan. The Shenzhen Component Index dropped 1.54 percent or 197.91 points to close at 12,677.61 points today on transaction value of 135.92 billion yuan.
March 28, 2011 - Steel Up, Staples Down As Chinese Indices Close Flat - The Shanghai Composite Index edged up 0.21 percent or 6.19 points to close at 2,984.00 points today on transaction value of 196.34 billion yuan. The Shenzhen Component Index dipped 0.51 percent or 66.55 points to close at 12,875.52 points today on transaction value of 146.29 billion yuan.
March 25, 2011 - Capitalvue Weekly Wrap - March 21 - 25, 2011 - The Shanghai Composite Index rose 2.44 percent this week to close at 2,977.81 points today, with average daily trading value of 137.86 billion yuan, down 22.95 billion yuan from the previous week as some investors may have taken to the sidelines due to the escalation of the turmoil in Libya. During the same period, the Shenzhen Component Index posted a weekly gain of 1.73 percent to close at 12,942.07 points today, with average daily trading value of 101.06 billion yuan, down 16.29 billion yuan week-on-week.
March 24, 2011 - Cement Up, Non-Ferrous Metals Down As Shanghai Index Closes Flat - The Shanghai Composite Index dipped 0.06 percent or 1.77 points to close at 2,946.71 points today on transaction value of 137.27 billion yuan. The Shenzhen Component Index was down 0.58 percent or 74.07 points to close at 12,771.46 points today on transaction value of 104.06 billion yuan.
March 23, 2011 - Real Estate & Energy Lead Gains On Chinese Indices - The Shanghai Composite Index increased 1.00 percent or 29.33 points to close at 2,948.48 points today on transaction value of 138.32 billion yuan. The Shenzhen Component Index rose 1.41 percent or 178.27 points to close at 12,845.53 points today on transaction value of 101.04 billion yuan.
March 22, 2011 - Cement & Financials Sustain Minor Gains On Chinese Indices - The Shanghai Composite Index inched up 0.34 percent or 10.01 points to close at 2,919.14 points today on transaction value of 120.19 billion yuan. The Shenzhen Component Index rose 0.19 percent or 23.53 points to close at 12,667.26 points today on transaction value of 88.50 billion yuan.
March 21, 2011 - Chinese Indices Close Flat On Hike In Reserve Ratios - The Shanghai Composite Index inched up 0.08 percent or 2.25 points to close at 2,909.14 points today on transaction value of 122.41 billion yuan. The Shenzhen Component Index dipped 0.62 percent or 78.26 points to close at 12,643.73 points today on transaction value of 95.06 billion yuan. The People’s Bank of China raised the reserve requirement ratio for commercial banks by 0.5 percentage point effective March 25. Following the hike, the reserve requirement ratio for major commercial banks will hit 20 percent while that of small and medium-sized commercial banks will be 16.5 percent.
March 20, 2011 - Capitalvue Weekly Wrap - March 14 -18, 2011 - The Shanghai Composite Index ended the week down 0.92 percent to close at 2,906.89 points today on average daily trading value of 160.81 billion yuan, down 11.39 billion yuan from the previous week as some investors may have taken to the sidelines due to the escalating Japanese nuclear crisis. During the same period, the Shenzhen Component Index posted a weekly loss of 0.98 percent to close at 12,721.99 points today on average daily trading of 117.89 billion yuan, down 4.08 billion yuan week-on-week.
The Ministry of Finance released data on March 14 which showed that fiscal revenue rose 36 percent year-on-year to 1.85 trillion yuan in the first two months of 2011. On the same day, The People's Bank of China (PBOC) announced that the amount of new yuan-denominated loans extended in February totaled 535.6 billion yuan, down 192.9 billion yuan from the same period a year ago. The total outstanding yuan loan balance as of end February hit 48.89 trillion yuan, an increase of 17.7 percent year-on-year. The balance of broad money supply, M2, increased 15.7 percent year-on-year to 73.61 trilion yuan as of end February. The growth rate was down 9.8 percentage points year-on-year.
March 14, 2011 - Chinese Indices Edge Up As Pharma & Paper Producers Gain - The Shanghai Composite Index inched up 0.13 percent or 3.83 points to close at 2,937.63 points today on transaction value of 152.53 billion yuan. The Shenzhen Component Index was up 0.86 percent or 110.27 points to close at 12,958.29 points today on transaction value of 117.99 billion yuan. The People’s Bank Of China (PBOC) released data for new loan growth in February. The amount of new loans extended in February fell 192.9 billion yuan year-on-year to 535.6 billion yuan. According to the Ministry of Finance, China’s fiscal revenue increased 36 percent year-on-year to 1.85 trillion yuan in the first two months of 2011.
March 11, 2011 - Capitalvue Weekly Wrap - March 7 - 11, 2011 - The Shanghai Composite Index ended the second trading week of March down 0.29 percent to close at 2,933.80 points today. The average daily trading value was 172.20 billion yuan, up 10.56 billion yuan from the previous week. During the same period, the Shenzhen Component Index posted a weekly loss of 0.36 percent to close at 12,848.02 points today. The average daily trading value was 121.97 billion yuan, up 10.39 billion yuan week-on-week.
The General Administration of Customs released trade data yesterday which showed that China posted a trade deficit of $7.3 billion in February. Exports inched up 2.4 percent to $96.74 billion while imports rose 19.4 percent to $104.04 billion. For the first two months of 2011, China recorded a trade deficit of $890 million.
Inflationary pressures continued to afflict the Chinese economy as the National Bureau of Statistics (NBS) reported that China posted 4.9 percent year-on-year and 1.2 percent month-on-month increases in the consumer price index (CPI) in February. The rate of growth in the CPI in February was unchanged from January. The CPI in urban areas rose 4.8 percent year-on-year and 1.2 percent month-on-month. Food prices jumped 11 percent year-on-year and 3.7 percent from January.
Investment and consumer spending continued to drive Chinese economic growth. Fixed-asset investment was reported by the NBS to have risen by 24.9 percent year-on-year to 1.74 trillion yuan during the first two months of 2011. The railway sector experienced rapid growth in investment, as investment in the sector increased 45.3 percent year-on-year to 58.6 billion yuan. Retail sales across China in the first two months increased 15.8 percent year-on-year to 2.9 trillion yuan. The catering sector posted a 15.5 percent year-on-year growth in revenue to 324.1 billion yuan.
March 10, 2011 - Energy & Financials Lead Losses As Shanghai Index Closes Below 3,000 - The Shanghai Composite Index dropped 1.50 percent or 45.01 points to close at 2,958.23 points today on transaction value of 166.47 billion yuan. The Shenzhen Component Index was down 1.17 percent or 153.36 points to close at 13,004.85 points today on transaction value of 123.96 billion yuan. The General Administration of Customs released data today showing that China posted a trade deficit of $7.3 billion in February.
March 9, 2011 - Industrials & Staples Drive Shanghai Index Past 3,000 - The Shanghai Composite Index inched up 0.07 percent or 2.21 points to close at 3,002.15 points today on transaction value of 165.32 billion yuan. The Shenzhen Component Index was up 0.11 percent or 14.03 points to close at 13,158.21 points today on transaction value of 117.61 billion yuan.
March 8, 2011 - Chinese Indices Edge Up As Paper Makers & Non-Ferrous Metals Gain - The Shanghai Composite Index was up 0.12 percent or 3.73 points to close at 2,999.94 points today on transaction value of 168.66 billion yuan. The Shenzhen Component Index inched up 0.03 percent or 3.30 points to close at 13,144.18 points today on transaction value of 120.67 billion yuan
March 7, 2011 - Shanghai Index Closing In On 3,000, Shenzhen Index Surge Past 13,100 - The Shanghai Composite Index increased 1.83 percent or 53.91 points to close at 2,996.21 points today on transaction value of 207.91 billion yuan. The Shenzhen Component Index rose 1.92 percent or 247.04 points to close at 13,140.88 points today on transaction value of 136.90 billion yuan.
March 4, 2011 - Capitalvue Weekly Wrap - Feb. 28 - Mar. 4, 2011 - The Shanghai Composite Index ended the first trading week of March up 2.21 percent to close at 2,942.31 points today. The average daily trading value was 161.64 billion yuan, up 14.2 billion yuan from the previous week. During the same period, the Shenzhen Component Index posted a weekly gain of 2.06 percent to close at 12,893.84 points today. The average daily trading value was 111.58 billion yuan, a drop of 3.22 billion yuan. Economic activity in China slowed in February as the Purchasing Managers' Index (PMI) for the month fell 0.7 percentage point from January to 52.2, according to the China Federation of Logistics and Purchasing (CFLP). The new orders sub-index fell 0.6 percentage point month-on-month to 54.3, the production sub-index fell 1.5 percentage points to 53.8 while the sub-index for raw material inventory fell by more than two percentage points month-on-month. Of the sub-indices which rose, the purchasing price sub-index was up 0.8 percentage point to 70.1.
March 4, 2011 - Energy & Real Estate Drive Gains For Chinese Stocks - The Shanghai Composite Index increased 1.35 percent or 39.33 points to close at 2,942.31 points today on transaction value of 144.49 billion yuan. The Shenzhen Component Index rose 1.54 percent or 195.68 points today to close at 12,893.84 points today on transaction value of 94.01 billion yuan. For the week, the Shanghai Index was up 2.21 percent and the Shenzhen Index was up 2.06 percent.
March 3, 2011 - Banking & Property Gains Fail To Lift Chinese Indices - The Shanghai Composite Index dipped 0.37 percent or 10.83 points to close at 2,902.98 points today on transaction value of 177.70 billion yuan. The Shenzhen Component Index dropped 1.41 percent or 182.11 points to close at 12,698.16 points today on transaction value of 116.53 billion yuan.
March 3, 2011 - Non-Manufacturing PMI Tanks - China recorded a 12.3 percentage points month-on-month drop in the Purchasing Managers' Index (PMI) for the non-manufacturing sector to 44.1 in February, according to the China Federation of Logistics and Purchasing. A reading of more than 50 indicates expansion while a reading below 50 indicates contraction.
March 2, 2011 - Chinese Indices Down On Losses By IT & Industrials - The Shanghai Composite Index dipped 0.18 percent or 5.11 points to close at 2,913.81 points today on transaction value of 165.44 billion yuan. The Shenzhen Component Index was down 0.53 percent or 68.45 points to close at 12,880.27 points today on transaction value of 114.56 billion yuan.
March 1, 2011 - Chinese Stocks Up On Gains By Non-Ferrous Metals & Real Estate - The Shanghai Composite Index inched up 0.47 percent or 13.72 points to close at 2,918.92 points today on transaction value of 172.23 billion yuan. The Shenzhen Component Index was up 0.36 percent or 46.28 points to close at 12,948.72 points today on transaction value of 128.25 billion yuan. The China Federation of Logistics and Purchasing released PMI data today. The PMI in February dipped 0.7 percentage point month-on-month to 52.2.
February 28, 2011 - Home Appliances & Tourism Drive Chinese Stock Gains - The Shanghai Composite Index was up 0.92 percent or 26.49 points to close at 2,905.05 points today on transaction value of 148.34 billion yuan. The Shenzhen Component Index rose 2.13 percent or 268.56 points to close at 12,902.43 points today on transaction value of 115.66 billion yuan
February 25, 2011 - Cement Up, Energy Down As Chinese Indices Close Flat - The Shanghai Composite Index dipped 0.04 point to close at 2,878.56 points today on trading value of 124.25 billion yuan. The Shenzhen Component Index inched up 0.44 percent or 55.45 points to close at 12,633.88 points today on trading value of 101.47 billion yuan. For the week, the Shanghai index fell 0.73 percent, while the Shenzhen index was up 0.16 percent.
February 25, 2011 - Most China Stocks Drop, Adding to Weekly Fall; Airlines Retreat - Most China stocks fell today, adding to the benchmark index’s first weekly drop in more than a month, on concern higher oil prices will curb the earnings prospects for the nation’s biggest oil refiners and airlines.
February 24, 2011 - Chinese Indices Inch Up - The Shanghai Composite Index was up 0.56 percent or 15.97 points to close at 2,878.60 points today on transaction value of 137.32 billion yuan. The Shenzhen Component Index rose 0.69 percent or 85.72 points to close at 12,578.43 points today on transaction value of 106.80 billion yuan.
February 23, 2011 - Chinese Indices Edge Up As IT & Healthcare Gain - The Shanghai Composite Index was up 0.25 percent or 7.12 points to close at 2,862.63 points today on transaction value of 137.63 billion yuan. The Shenzhen Component Index inched up 0.16 percent or 19.37 points to close at 12,492.71 points today on transaction value of 106.83 billion yuan.
February 22, 2011 - Financials & Industrials Lead Losers On Chinese Bourses - The Shanghai Composite Index fell 2.62 percent or 76.73 points to close at 2,855.52 points today on transaction value of 191.78 billion yuan. The Shenzhen Component Index dropped 3.10 percent or 399.13 points to close at 12,473.33 points today on transaction value of 148.97 billion yuan.
February 22, 2011 - China Natural Gas Output Up 12.7% - China recorded a 12.7 percent year-on-year increase in the output of natural gas in January to 9.57 billion cubic meters, according to the National Development and Reform Commission.
February 21, 2011 - Tourism & IT Drive Gains On Chinese Bourses - The Shanghai Composite Index rose 1.12 percent or 32.45 points to close at 2,932.25 points today on trading value of 146.22 billion yuan. The Shenzhen Component Index increased 2.06 percent or 259.35 points to close at 12,872.47 points today on trading value of 120.19 billion yuan.
February 18, 2011 - Capitalvue Weekly Wrap - Feb. 14 - 18, 2011 - The Shanghai Composite Index ended the first full trading week after the Spring Festival with a gain of 2.56 percent as the index closed at 2,899.79 points today. The average daily trading value was 167.65 billion yuan, up 51.08 billion yuan from the previous week as investors returned to the bourse after the holiday period. A slew of economic data greeted investors this week. China recorded a 53.5 percent year-on-year drop in its trade surplus in January to $6.45 billion, according to the General Administration of Customs on February 14. Imports rose 51 percent year-on-year to $144.28 billion while exports rose 37.7 percent over the same period to $150.73 billion.
February 18, 2011 - Energy & Home Appliances Producers Lead Shanghai Index Below 2,900 Pts - The Shanghai Composite Index fell 0.93 percent or 27.17 points to close at 2,899.79 points today on trading value of 142.03 billion yuan. The Shenzhen Component Index dropped 1.37 percent or 175.22 points to close at 12,613.11 points today on trading value of 115.21 billion yuan. For the week, the Shanghai index was up 2.56 percent, while the Shenzhen Index rose 2.61.
February 17, 2011 - Chinese Indices Close Flat As Beijing Cracks Down On Property Speculators - The Shanghai Composite Index inched up 0.10 percent or 3.07 points to close at 2,926.96 points today on transaction value of 169.05 billion yuan. The Shenzhen Component Index was down 0.75 percent or 96.54 points to close at 12,788.33 points today on transaction value of 128.84 billion yuan.
February 16, 2011 - Steel & Energy Lead Shanghai Index Past 2,900 Points - The Shanghai Composite Index inched up 0.85 percent or 24.66 points to close at 2,923.90 points today on transaction value of 160.07 billion yuan. The Shenzhen Component Index rose 1.36 percent or 173.29 points to close at 12,884.87 points today on transaction value of 118.58 billion yuan
February 15, 2011 - Non-Ferrous Metals Rise, Steel Down As Chinese Stocks End Flat - The Shanghai Composite Index edged up 0.10 point to close at 2,899.24 points today on transaction value of 187.33 billion yuan. The Shenzhen Component Index dipped 0.21 percent or 26.23 points to close at 12,711.58 points today on transaction value of 125.95 billion yuan. The Nation Bureau of Statistics released data today showing that the consumer price index (CPI) for January rose 4.9 percent year-on-year while the producer price index (PPI) rose 6.6 percent year-on-year and 0.9 percent month-on-month.
February 14, 2011 - Brokerages & Energy Lead Advance On Chinese Indices - The Shanghai Composite Index rose 2.54 percent or 71.81 points to close at 2,899.13 points today on transaction value of 179.80 billion yuan. The Shenzhen Component Index increased 3.62 percent or 445.31 points to close at 12,737.80 points today on transaction value of 127.23 billion yuan. According to the Generation Administration of Customs, China's foreign trade increased 43.9 percent year-on-year to $295.01 billion in January, while the trade surplus fell 53.5 percent year-on-year to $6.45 billion.
February 11, 2011 - Capitalvue Weekly Wrap - Feb. 9 - 11, 2011 - The Shanghai Composite Index ended the three-day trading week at 2,827.33 points today, up 1.01 percent from the close on February 1, before the markets closed for the Spring Festival. The average daily trading value was 116.57 billion yuan, up 26.01 billion yuan from the week ended January 28. During the same period, the Shenzhen Component Index posted a weekly gain of 2.51 percent to close at 12,292.49 points today. The average daily trading value was 79.89 billion yuan, up 21.94 billion yuan from the week ended January 28.
February 10, 2011 - Agriculturals & Healthcare Drive Chinese Indices Up - The Shanghai Composite Index rose 1.59 percent or 44.10 points to close at 2,818.16 points today on transaction value of 117.15 billion yuan. The Shenzhen Component Index increased 3.07 percent or 362.58 points to close at 12,170.51 points today on transaction value of 81.84 billion yuan. With the State Council releasing a series of policy measures to support grain production, the agricultural sector extended yesterday’s gains.
February 9, 2011 - Markets Fall After Spring Festival Rate Hike - The Shanghai Composite Index was down 0.89 percent or 24.90 points to close at 2,774.06 points today on transaction value of 104.84 billion yuan on the first day of trading after the Chinese New Year holiday . The Shenzhen Component Index dropped 1.53 percent or 183.58 points to close at 11,807.93 points today on transaction value of 65.26 billion yuan.
February 2 to 8, 2011 China’s stock markets closed for the Lunar New Year reopening on the 9th
February 1, 2011 - Asian Stocks, Copper Gain on Global Growth Outlook; Japanese Bonds Decline - The Shanghai Composite Index gained for a fifth day in China, where data released today showed manufacturing expanded and input costs climbed. The nation’s stock markets will be closed for the Lunar New Year holidays from tomorrow and reopen on Feb. 9.
January 31, 2011 - China Stocks: China Vanke, Anhui Water, CSR, China Construction - The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, gained 37.95, or 1.4 percent, to 2,790.69. The CSI 300 Index added 1.3 percent to 3,076.51.
January 28, 2011 - Capitalvue Weekly Wrap - Jan 24 - 28, 2011 - This will be our last post before the Chinese New Year. We will be taking a break and will resume our coverage of the Chinese financial markets on February 9. The Shanghai Composite Index ended the last trading week of January up 1.38 percent week-on-week to close at 2,752.75 points today. The average daily trading value was 90.56 billion yuan, down 1.68 billion yuan from the previous week. The Shenzhen Component Index ended the week with a gain of 2.18 percent to close at 11,894.23 points today. The average daily trading value was 57.95 billion yuan, down 7.07 billion yuan week-on-week as investors stayed on the sidelines ahead of the Chinese New Year, which falls on February 3 next week.
January 28, 2011 - Industrials & Agriculturals Lead Gains On Chinese Indices - The Shanghai Composite Index inched up 0.13 percent or 3.60 points today to close at 2,752.75 points today on trading value of 98.48 billion yuan. The Shenzhen Component Index was up 0.84 percent or 98.90 points today to close at 11,894.23 points on trading value of 63.56 billion yuan. For the week, the Shanghai Index rose 1.38 percent, while the Shenzhen Index was up 2.18 percent. The Shanghai government announced that effective today, it will levy a property tax of 0.6 percent on second home purchases by Shanghai residents and for purchases of residential properties by non-Shanghai residents. Meanwhile, the Chongqing municipal government announced a tax on high-end properties, with the highest tax rate at 1.2 percent.
January 27, 2011 - Chinese Indices Extend Rebounds On Gains By Non-Ferrous Metals, Energy, Industrials - The Shanghai Composite Index rose 1.49 percent or 40.34 points to close at 2,749.15 points today on transaction value of 115.25 billion yuan. The Shenzhen Component Index increased 1.69 percent or 195.66 points to close at 11,795.33 points today on transaction value of 68.77 billion yuan.
January 26, 2011 - Construction Materials, IT & Industrials Lead Rebound On Chinese Indices - The Shanghai Composite Index rose 1.17 percent or 31.38 points to close at 2,708.81 points today on trading value of 67.30 billion yuan. The Shenzhen Component Index rose 1.34 percent or 153.30 points to close at 11,599.67 points today on trading value of 47.37 billion yuan.
January 26, 2011 - New Home Sales Down 41.8% - New home supply in mainland China increased 35.4 percent year-on-year in 2010, reports 163.com, citing international real estate consulting company, DTZ Debenham Tie Leung, which expects the supply to further increase in 2011. New home supply in first tier cities rose 15 percent year-on-year in 2010 while the supply in second tier cities increased 25 percent.
January 25, 2011 - China's Shanghai Composite Drops as Commodity Stocks, Smallcaps Decline - China’s stocks fell on speculation the government’s tightening measures will curb demand for property and commodities and as small companies extended this year’s plunge amid slumping demand for initial public offerings.
January 24, 2011 - Non-Ferrous Metals & Agricultural Stocks Drive Shanghai Index Down Below 2,700 Pts - The Shanghai Composite Index fell 0.70 percent or 19.11 points today to close at 2,696.18 points on transaction value of 96.12 billion yuan. The Shenzhen Component Index was down 1.30 percent or 151.04 points today to close at 11,488.92 points on transaction value of 63.63 billion yuan. A total of about 2.2 billion restricted shares will be made tradable this week. Thirty-two stocks on the A share market fell by their daily limits.
January 21, 2011 - Capitalvue Weekly Wrap - Jan 17 - 20, 2011 - The Shanghai Composite Index ended the third week of 2011 down 2.72 percent week-on-week to close at 2,715.29 points today. The average daily trading value was 92.24 billion yuan, down 2.15 billion yuan from the previous week. The Shenzhen Component Index ended the week with a loss of 5.32 percent week-on-week to close at 11,639.96 points today. The average daily trading value was 65.02 billion yuan, down 5.69 billion yuan from the previous week.
The release of macroeconomic data continued this week. China posted a 10.3 percent year-on-year growth in 2010 GDP to 39.8 trillion yuan, with the growth rate up 1.1 percentage points from 2009. The growth in GDP in the fourth quarter was 9.8 percent. Led by food prices which surged 7.2 percent, the CPI rose 3.3 percent year-on-year in 2010. The CPI rose 4.6 percent year-on-year and 0.5 percent month-on-month in December. The PPI rose 5.5 percent year-on-year in 2010. For the month of December, the PPI rose 5.9 percent year-on-year and 0.7 percent month-on-month. Fixed-asset investment rose 23.8 percent year-on-year to 27.81 trillion yuan in 2010, with the growth rate down 6.2 percentage points from 2009. China recorded a 17.4 percent year-on-year increase in FDI to $105.74 billion in 2010. For the month of December, FDI rose 15.6 percent year-on-year to $14.03 billion. Fiscal revenue increased 21.3 percent year-on-year to 8.31 trillion yuan in 2010 while fiscal expenditure was up 17.4 percent year-on-year to 8.96 trillion yuan.
January 21, 2011 - Transportation, Financials Lead Rebound On Chinese Indices - The Shanghai Composite Index increased 1.41 percent or 37.64 points today to close at 2,715.29 points on trading value of 102.84 billion yuan. The Shenzhen Component Index rose 0.63 percent or 73.22 points today to close at 11,639.96 points on trading value of 69.85 billion yuan. For the week, the Shanghai Index was down 2.72 percent, while the Shenzhen Index dropped 5.32 percent. National fiscal revenue increased 21.3 percent year-on-year to 8.31 trillion yuan in 2010 while fiscal expenditure was up 17.4 percent year-on-year to 8.96 trillion yuan.
January 20, 2011 - Bears Rule As Chinese Indices Fall, Energy & Non-Ferrous Metals Lead Drop - The Shanghai Composite Index dropped 2.88 percent or 79.44 points to close at 2,678.66 points today on trading value of 95.78 billion yuan. The Shenzhen Component Index plummeted 4.14 percent or 499.81 points to close at 11,566.74 points today on trading value of 71.21 billion yuan. The National Bureau of Statistics released data today showing that China’s 2010 gross domestic product (GDP) rose 10.3 percent year-on-year to 39.8 trillion yuan, with the growth rate up 1.1 percentage points from 2009. The consumer price index (CPI) rose 3.3 percent year-on-year in 2010.
January 20, 2011 - China's Economic Growth Accelerates, Adding to Rate Pressure - China’s economic growth accelerated to 9.8 percent as industrial production and retail sales picked up, sending stocks lower from Asia to Europe on concern Chinese policy makers will raise interest rates and stem the expansion.
January 19, 2011 - Energy & Materials Stocks Lead Advances In Chinese Indices - The Shanghai Composite Index rose 1.81 percent or 49.12 points today to close at 2,758.10 points on trading value of 89.94 billion yuan. The Shenzhen Component Index increased 2.51 percent or 294.96 points today to close at 12,066.55 points on trading value of 64.09 billion yuan.
January 18, 2011 - Chinese Indices Edge Up On Gains By Staples & Financials - The Shanghai Composite Index inched up 0.09 percent or 2.32 points to close at 2,708.98 points today on transaction value of 67.71 billion yuan.The Shenzhen Component Index was up 0.31 percent or 36.96 points today to close at 11,771.59 points on transaction value of 50.63 billion yuan. China recorded a 17.4 percent year-on-year increase in foreign direct investment (FDI) to $105.74 billion in 2010. The People’s Bank of China suspended the issuance of central bank bills this week.
January 17, 2011 - Black Monday For Chinese Indices, Realty, Energy Stocks Lead Losers - The Shanghai Composite Index fell 3.03 percent or 84.68 points today to close at 2,706.66 points on transaction value of 104.85 billion yuan. The Shenzhen Component Index fell 4.55 percent or 559.54 points today to close at 11,734.62 points on transaction value of 77.45 billion yuan. The People’s Bank of China raised the required reserve ratio by half a percentage point, effective January 20. This move is expected to lock-up a total of 359.1 billion yuan. The Shenzhen Stock Exchange revised trading rules, including the setting of a price cap on new shares on their first trading day.
January 17, 2010 - Power Consumption In China Up 14.6% In 2010 - Power consumption in China totaled 4.19 trillion kilowatt hours (kWh) in 2010, an increase of 14.56 percent year-on-year, reports Xinhua News Agency, citing a report by the China Electricity Council.
January 14, 2011 - Capitalvue Weekly Wrap - Jan 10 - 14, 2010 - The Shanghai Composite Index ended the second week of 2011 down 1.67 percent week-on-week to close at 2,791.34 points today. The average daily trading value was 94.39 billion yuan, down 38.44 billion yuan from the previous week. The Shenzhen Component Index ended the week with a loss of 2.22 percent week-on-week to close at 12,294.17 points today. The average daily trading value was 70.71 billion yuan, down 30.42 billion yuan from the previous week.
A slew of macroeconomic data were released this week. China recorded a 28.9 percent year-on-year drop in the trade surplus in December 2010 to $13.08 billion while the trade surplus for 2010 fell 6.4 percent year-on-year to $183.1 billion. China recorded tax revenue of 7.74 trillion yuan in 2010, of which the taxes collected by the tax department accounted for 6.69 trillion yuan, up 20.8 percent year-on-year. Import duties increased 35.9 percent year-on-year to 1.05 trillion yuan while income tax collections increased 20.4 percent year-on-year.China moved to further internationalize the yuan when Bank of China (601988,3988.HK) launched yuan trading in the U.S. for the first time on January 12. Offshore yuan trading had started when China allowed the yuan to trade offshore in Hong Kong in July 2010. Another step was taken today when The People's Bank of China (PBOC) started a pilot program allowing Chinese enterprises to use the yuan for overseas direct investments.
China set a new record for the global automotive industry since the automobile was first invented when it posted auto sales of 18.06 million units in 2010, an increase of 32.37 percent year-on-year.
January 13, 2011 - Chinese Indices Edge Up, Healthcare, Staples Lead Gainers - The Shanghai Composite Index rose 0.23 percent or 6.41 points to close at 2,827.71 points today on transaction value of 87.93 billion yuan. The Shenzhen Component Index edged up 0.11 percent or 13.37 points to close at 12,423.34 points today on transaction value of 63.92 billion yuan
January 12, 2011 - Shanghai & Shenzhen Indices Gain, Realty & Steel Stocks Lead Gainers - The Shanghai Composite Index inched up 0.62 percent or 17.26 points to close at 2,821.30 points today on transaction value of 88.09 billion yuan. The Shenzhen Component Index was up 0.20 percent or 24.81 points to close at 12,409.98 points today on transaction value of 66.72 billion yuan. The People’s Bank Of China (PBOC) launched a 14-day reverse repo today at 2.05 percent. It was the first time in the last three years that the PBOC has conducted a reverse repo.
January 11, 2011 - Chinese Indices Rebound, Led By Realty & Banking Stocks - The Shanghai Composite Index rose 0.44 percent or 12.24 points today to close at 2,804.05 points on transaction value of 94.48 billion yuan. The Shenzhen Component Index was up 0.44 percent or 54.01 points today to close at 12,385.17 points on transaction value of 73.98 billion yuan
January 10, 2011 - Shanghai Index Down 1.66%, Healthcare & Financials Lead Broad-Based Declines - The Shanghai Composite Index dropped 1.66 percent or 46.99 points to close at 2,791.81 points today on transaction value of 110.80 billion yuan. The Shenzhen Component Index decreased 1.93 percent or 242.78 points to close at 12,331.16 points today on transaction value of 86.44 billion yuan.
January 7, 2011 - Chinese Indices Up, Banking, Real Estate Stocks Outperform - The Shanghai Composite Index rose 0.52 percent or 14.60 points to close at 2,838.80 points today on transaction value of 137.16 billion yuan. The Shenzhen Component Index dipped 0.20 percent or 25.72 points to close at 12,573.94 points today on transaction value of 97.90 billion yuan. For the first week of 2011, the Shanghai index rose 1.09 percent, while the Shenzhen index was up 0.93 percent.
January 6, 2011 - Chinese Indices Continue To Retreat, Pharma & Energy Stocks Fall - The Shanghai Composite Index fell 0.51 percent or 14.40 points to close at 2,824.20 points today on transaction value of 113.25 billion yuan. The Shenzhen Component Index dipped 0.38 percent or 47.97 points to close at 12,599.66 points today on transaction value of 91.93 billion yuan.
January 5, 2011 - Shanghai & Shenzhen Indices Edge Down - The Shanghai Composite Index fell 0.49 percent or 14.05 points to close at 2,838.59 points today on transaction value of 135.26 billion yuan. The Shenzhen Component Index dipped 0.53 percent or 66.88 points to close at 12,647.63 points today on transaction value of 107.75 billion yuan.
January 4, 2011 - Shanghai & Shenzhen Indices Start 2011 With Gains - The Shanghai Composite Index rose 1.59 percent or 44.57 points to close at 2,852.65 points today on transaction value of 145.66 billion yuan.The Shenzhen Component Index increased 2.05 percent or 255.96 points to close at 12,714.51 points today on transaction value of 115.01 billion yuan.
January 3, 2010 - Asian stocks higher as 2011 trading opens - Asian stock markets were higher on the first trading day of 2011, with investor confidence boosted by signs that China's efforts at keeping a lid on inflation may be working.
January 1, 2011 - China Manufacturing Growth Slows as Interest Rates Rise to Curb Inflation - China’s manufacturing grew at the weakest pace in three months in December after the government tightened monetary policy to restrain inflation and closed factories to meet energy-efficiency targets. The Purchasing Managers’ Index fell to 53.9 from 55.2 in November, the first decline in five months,
December 31, 2010 - Capitalvue Weekly Wrap - Dec 27 - Dec 31, 2010 - The Shanghai Composite Index ended the week down 0.955 percent to close at 2,808.08 points today on average daily trading value of 98.22 billion yuan, down 24.65 billion yuan from the previous week. The Shenzhen Component Index ended the week down 0.783 percent to close at 12,458.55 points today on average daily trading value of 80.43 billion yuan, down 29.76 billion yuan from the previous week.
December 30, 2010 - Chinese Indices Edge Up - The Shanghai Composite Index was up 0.29 percent or 8.05 points to close at 2,759.57 points today on transaction value of 86.057 billion yuan. The Shenzhen Component Index edged up 0.20 percent or 24.33 points today to close at 12,138.89 points today on transaction value of 74.69 billion yuan.
December 29, 2010 - Shanghai & Shenzhen Indices Rebound - The Shanghai Composite Index rose 0.68 percent or 18.54 points to close at 2,751.53 points today on transaction value of 76.20 billion yuan. The Shenzhen Component Index was up 0.42 percent or 50.76 points to close at 12,114.56 points today on transaction value of 68.03 billion yuan. Three stocks debuted on the ChiNext Board today. Xuzhou Combustion Control Technology (300152, 51.05, +30.90%) rose by 30.9 percent while Shanghai Cooltech Power (300153, 40.78, +1.95%) and Shenzhen Riland Industry (300154, 39.70, +3.12%) rose by less than 5 percent. All the three stocks were issued at PE ratios of above 70 times earnings
December 28, 2010 - Chinese Indices Retreat Again - The Shanghai Composite Index dropped 1.68 percent or 46.80 points to close at 2,734.61 points today on transaction value of 96.94 billion yuan. The Shenzhen Component Index fell 1.95 percent or 239.39 points to close at 12,063.80 points today on transaction value of 80.18 billion yuan.
December 27, 2010 - Shanghai Index Down 1.9%, Closes Below 2,800 Points - The Shanghai Composite Index fell 53.75 points or 1.90 percent to close at 2,781.40 points today on transaction value of 123.39 billion yuan. It initially rose by more than 40 points to hit a day high of 2,876.81 points during the morning session. The Shenzhen Component Index dropped 2.02 percent or 253.66 points to close at 12,303.19 points today on transaction value of 99.24 billion yuan. The People’s Bank of China (PBOC) raised the one-year lending and deposit rates by 25 basis points effective December 26.
December 24, 2010 - Capitalvue Weekly Wrap - Dec 20 - 24, 2010 - The Shanghai Composite Index ended the week down 2.02 percent to close at 2,835.16 points today on average daily trading value of 122.87 billion yuan, down 9.11 billion yuan from the previous week. The Shenzhen Component Index fell 1.59 percent this week to close at 12,556.84 points today on average daily trading value of 110.19 billion yuan, down 5.3 billion yuan from the previous week. The National Development and Reform Commission (NDRC) raised gasoline prices by 310 yuan and diesel prices by 300 yuan per ton effective December 22. With the hike, the average retail prices of 90# gasoline and 0# diesel will be raised by 0.23 yuan and 0.26 yuan per liter
December 23, 2010 - Shanghai & Shenzhen Indices Extend Declines - The Shanghai Composite Index was down 0.79 percent or 22.68 points today to close at 2,855.22 points on transaction value of 109.37 billion yuan. The Shenzhen Component Index dropped 0.96 percent or 122.38 points today to close at 12,644.58 points on transaction value of 100.27 billion yuan.
December 22, 2010 - Shanghai Index Falls Below 2,900 Pts - The Shanghai Composite Index was down 0.90 percent or 26.22 points today to close at 2,877.90 points on transaction value of 126.07 billion yuan. The Shenzhen Component Index dipped 0.82 percent or 105.49 points today to close at 12,766.95 points on transaction value of 113.77 billion yuan. China raised gasoline and diesel prices by 310 yuan and 300 yuan per ton respectively
December 21, 2010 - Shanghai Index Up 1.79%, Closes Above 2,900 Points - The Shanghai Composite Index stopped its four-day losing streak to gain 1.79 percent or 51.20 points, to close at 2,904.11 points today on transaction value of 136.47 billion yuan. The Shenzhen Component Index rose 2.51 percent or 314.90 points to close at 12,872.45 points today on transaction value of 123.17 billion yuan. The real estate sector led today’s growth.
December 20, 2010 - Shanghai & Shenzhen Indices Fall - The Shanghai Composite Index dropped 1.41 percent or 40.82 points to close at 2,852.92 points today on transaction value of 146.61 billion yuan. The Shenzhen Component Index decreased 1.58 percent or 202.05 points to close at 12,557.55 points today on transaction value of 133.49 billion yuan.
December 17, 2010 - Power Consumption Up 1.8% In Nov. - Power consumption in China increased 1.8 percent month-on-month to 346 TWH in November, reports yicai.com, citing the National Energy Administration.
December 17, 2010 - 10B Restricted Shares To Be Unlocked Next Week - Nearly 10 billion restricted shares of 12 stocks on the Shanghai and Shenzhen bourses will be tradable in next week, the highest weekly rate this year, reports nbd.com.cn, citing Dazhihui Software. The shares’ total market capitalization is an estimated 108.55 billion yuan, based on yesterday’s closing price.
December 17, 2010 - Shanghai & Shenzhen Indices Edge Down - The Shanghai Composite Index dipped 0.15 percent or 4.40 points to close at 2,893.74 points today on transaction value of 93.86 billion yuan. The Shenzhen Component Index edged down 0.28 percent or 36.08 points to close at 12,759.60 points today on transaction value of 89.67 billion yuan. For the week, the Shanghai index was up 1.85 percent while the Shenzhen index was up 2.4 percent.
December 16, 2010 - Shanghai Falls 0.46%, Closes Below 2,900 Points - The Shanghai Composite Index was down 0.46 percent or 13.28 points to close at 2,898.14 points today on transaction value of 109.77 billion yuan. The Shenzhen Component Index dipped 0.26 percent or 33.69 points to close at 12,795.68 points today on transaction value of 104.96 billion yuan. Beer output in China is expected to rise eight percent year-on-year to 45 million kiloliters in 2010. Despite the forecast, Tsingtao Brewery (600600, 36.03, -1.48%) fell
December 15, 2010 - Shanghai & Shenzhen Indices Decline - The Shanghai Composite Index fell 0.54 percent or 15.66 points to close at 2,911.41 points today on transaction value of 143.37 billion yuan. The Shenzhen Component Index decreased 0.75 percent or 97.25 points to close at 12,829.36 points today on transaction value of 131.04 billion yuan. China fixed its 2011 gross domestic product (GDP) growth target at eight percent and raised its inflation target for next year to four percent.
December 14, 2010 - Chinese Indices Extend Gains - The Shanghai Composite Index gained 4.12 points or 0.14 percent to close at 2,927.08 points today on transaction value of 152.967 billion yuan. The Shenzhen Component Index gained 21.59 points or 0.17% to close at 12,926.61 points today on transaction value of 131.543 billion yuan. Producers of construction materials, especially cement producers rallied in afternoon trading.
December 13, 2010 - Shanghai Index Up 2.88%, Closes Above 2,900 Points - The Shanghai Composite Index rose 2.88 percent or 81.91 points to close at 2,922.95 points today on transaction volume of 159.95 billion yuan. The Shenzhen Component Index climbed 3.57 percent or 444.56 points to close at 12,905.02 points today on transaction volume of 130.79 billion yuan. Less than 20 stocks recorded declines today in the Shanghai and Shenzhen markets. The CPI growth rate in November hit an 18-month high of 5.1 percent year-on-year, while the PPI rose 6.1 percent year-on-year, according to data published by the National Bureau of Statistics on Saturday.
December 13, 2010 - CPI Growth Hits 18-Month High In Nov. - China recorded a 5.1 percent year-on-year increase and a 1.1 percent month-on-month increase in the consumer price index (CPI) in November, an 18-month high, reports 163.com, citing the National Bureau of Statistics. Food prices rose 11.7 percent year-on-year and two percent month-on-month in November. Apparel prices dropped 0.7 percent year-on-year. Compared with November, it rose 1.6 percent month-on-month.
December 10, 2010 - Capitalvue Weekly Wrap - Dec 6 - Dec 10, 2010 - The Shanghai Composite Index ended the week down 0.049 percent to close at 2,841.04 points on average daily trading value of 107.86 billion yuan, down 22.03 billion yuan from the previous week. The Shenzhen Component Index ended the week up 0.14 percent to close at 12,460.46 points on average daily trading value of 92.4 billion yuan, a decline of 24.71 billion yuan from the previous week. The drop in the average daily trading value could be a sign of investors taking to the sidelines ahead of the release of the CPI data tomorrow. Institutional investors have predicted that the CPI growth for November could reach a 2010 peak of between 4.6 percent and 5 percent.
December 10, 2010 - China Records Dip In Trade Surplus - China recorded a trade surplus of $22.9 billion in November, down from the $27.15 billion recorded in October, reports Xinhua, citing the General Administration of Customs. The total value of China's foreign trade climbed 36.2 percent year-on-year to $283.76 billion in November, with exports up 34.9 percent year-on-year and imports increasing by 37.7 percent year-on-year.
December 10, 2010 - Shanghai & Shenzhen Indices Rebound - The Shanghai Composite Index rose 1.07 percent or 30.09 points to close at 2,841.04 points today on transaction value of 98.20 billion yuan. The Shenzhen Component Index increased 0.87 percent or 107.20 points to close at 12,460.46 points today on transaction value of 87.39 billion yuan. For the week, the Shanghai Index dipped 0.049 percent and the Shenzhen Index was up 0.14 percent. According to data released by the General Administration of Customs, the value of China's foreign trade increased 36.2 percent year-on-year to $283.76 billion in November.
December 9, 2010 - Shanghai Index Down 1.32%, Shenzhen Bourse Down 2.08% - The Shanghai Composite Index decreased 1.32 percent or 37.60 points to close at 2,810.95 points today on transaction value of 108.75 billion yuan. The Shenzhen Component Index dropped 2.08 percent or 262.15 points to close at 12,353.27 points today on transaction value of 95.33 billion yuan. The PBOC issued 5 billion yuan worth of three-month bills today. For the week, it injected a total of 64 billion yuan into the market.
December 8, 2010 - Shanghai & Shenzhen Indices Head South - The Shanghai Composite Index fell 0.95 percent or 27.32 points to close at 2,848.55 points today on transaction value of 112.23 billion yuan. The Shenzhen Component Index dipped 0.33 percent or 41.58 points to close at 12,615.41 points today on transaction value of 98.68 billion yuan. According to China Business News, the Asian Development Bank estimates that China may record an economic growth rate of 10.1 percent in 2010.
December 8, 2010 - Auto Sales Up 27% In Nov. - The national sales volume of passenger vehicles increased 27 percent year-on-year and 10.5 percent month-on-month to a record monthly high of 1.281 million units in November, reports 163.com, citing the China Passenger Car Association (CPCA).
December 7, 2010 - Asian Stocks Rise for Fifth Day on Signs Economic Recovery Is Stabilizing - Asian stocks rose for a fifth day, led by commodity companies on speculation that a global economic recovery is stabilizing after Australia kept its main interest rate unchanged and the U.S. cut its stake in Citigroup Inc.
December 6, 2010 - Shanghai Index Up 0.52%, Shenzhen Bourse Dips 0.16% - The Shanghai Composite Index inched up 0.52 percent or 14.75 points to close at 2,857.18 points today on transaction value of 110.83 billion yuan. The Shenzhen Component Index dipped 0.16 percent or 20.21 points to close at 12,422.79 points today on transaction value of 93.093 billion yuan. The growth rate of China’s consumer price index (CPI) in December will not exceed five percent, said Zhou Wangjun, vice director of the price department of the National Development and Reform Commission. Institutional investors predicted that CPI growth for November would reach a 2010 peak of between 4.6 percent and 5 percent.
November 29, 2010 - Power Generation Vol. Up 5.9% In Oct. - Power generation volume nationwide rose 14.9 percent year-on-year to 3.422 billion kilowatt hours in the first 10 months, according to the website of the National Development and Reform Commission. The growth rate was up 11.7 percentage points year-on-year.
December 3, 2010 - Chinese Indices End Friday Trading Flat - The Shanghai Composite Index dipped 0.04 percent or 1.18 points to close at 2,842.43 points today on transaction value of 105.93 billion yuan. The Shenzhen Component Index inched up 0.27 percent or 33.98 points to close at 12,443.00 points today on transaction value of 99.32 billion yuan. For the week, the Shanghai Composite Index was down by 1.019 percent while the Shenzhen Component Index was down by 0.766 percent. The Politburo of the CPC Central Committee announced today that the government will switch to a prudent monetary policy and strengthen the flexibility and effectiveness of macroeconomic measures.
December 3, 2010 - Non-Manufacturing PMI Down 7.3 Percentage Points - China’s Purchasing Managers' Index (PMI) for the non-manufacturing sector fell 7.3 percentage points month-on-month to 53.2 in November, according to the China Federation of Logistics and Purchasing (CFLP)
December 2, 2010 - Shanghai & Shenzhen Indices Edge Up - The Shanghai Composite Index rose 0.72 percent or 20.39 points to close at 2,843.84 points today on transaction value of 132.15 billion yuan. The Shenzhen Component Index was up 0.80 percent or 98.63 points to close at 12,409.02 points today on transaction value of 116.12 billion yuan.
December 1, 2010 - Shanghai & Shenzhen Indices Flat - The Shanghai Composite Index was up 0.12 percent or 3.27 points to close at 2,823.45 points today on transaction value of 104.26 billion yuan. The Shenzhen Component Index dipped 0.21 percent or 25.90 points to close at 12,310.38 points today on transaction value of 96.24 billion yuan. The Purchasing Managers' Index (PMI) in November was up 0.5 percentage point month-on-month to 55.2. According to data released by the Ministry of Commerce, the prices of agricultural products in 36 cities fell during the November 22-28 period.
November 30 2010 - China's Manufacturing Growth Accelerates, PMI Shows - China’s manufacturing grew at a faster pace for a fourth straight month in November, indicating the economy can withstand higher interest rates as price pressures escalate.
November 30, 2010 - Bears Prowl Shanghai & Shenzhen Markets - The Shanghai Composite Index fell 1.61 percent or 46.18 points to close at 2,820.18 points today on trading value of 173.085 billion yuan. The Shenzhen Component Index dropped 1.90 percent or 200.26 points to close at 12,336.29 points today on trading value of 158.0744 billion yuan. For the month, the Shanghai Composite Index was down 5.33 percent and the Shenzhen Component Index fell 7.71 percent. Ma Delun, the vice governor of the The People’s Bank of China (PBOC) said that the PBOC will launch various measures to control inflation expectations.
November 29, 2010 - Shanghai & Shenzhen Indices Continue To Edge Down - The Shanghai Composite Index dipped 0.19 percent to close at 2,866.36 points on transaction value of 133.971 billion yuan. The Shenzhen Component Index edged down 0.02 percent to close at 12,536.55 points today on transaction value of 126.723 billion yuan. Some analysts predict that the year-on-year growth rate of the CPI in November will exceed last month’s 4.4 percent. The analysts added that it will not hit 5 percent.
November 26, 2010 - Shanghai Index Down 0.92%, Shenzhen Bourse Down 0.52% - The Shanghai Composite Index fell 26.56 points or 0.92% to close at 2,871.70 points today on transaction value of 145.5 billion yuan. The Shenzhen Composite Index fell 65.07 points or 0.52% to close at 12,539.01 points on transaction value of 126.7 billion yuan. For the week, the Shanghai Composite Index fell 0.58% while the Shenzhen Component Index gained 1.98%. Non-ferrous metal miners fell along with the decline in the domestic non-ferrous metal futures.
November 26, 2010 - Power Generation Vol. Up 5.9% In Oct. - Power generation volume nationwide rose 14.9 percent year-on-year to 3.422 billion kilowatt hours in the first 10 months, according to the website of the National Development and Reform Commission. The growth rate was up 11.7 percentage points year-on-year.
November 25, 2010 - Shanghai Index Up 1.34%, Shenzhen Index Up 1.58% - The Shanghai Composite Index advanced 38.32 points or 1.34 percent to close at 2,898.42 points on transaction value of 169.6 billion yuan. The Shenzhen Component Index advanced 196.42 points or 1.58 percent to close at 12,604.08 points on transaction value of 156 billion yuan. PetroChina (601857, 11.18, +2.10%) and Sinopec (600028, 8.25, +1.10%) advanced as the two giants estimate that the oil shortage will be eased in December.
November 24, 2010 - Power Grid Load Volumes In Western China Hit Record Highs - Power grid load volume in northwestern China rose 3.32 percent year-on-year to 40.45 million kilowatts on November 15, reports the State-Owned Assets Supervision and Administration Commission (SASAC). Growing power load volumes there and in other regions stem from seasonally high heating demand and a peak in irrigation. Power grid load volumes in Gansu, Qinghai and Xinjiang hit record highs. The power load volume was expected to rise further due following frigid weather in northern Xinjiang and southeastern Qinghai.
November 24, 2010 - Shanghai Index Up 1.12%, Shenzhen Index Up 2.86% - The Shanghai Composite Index gained 1.12 percent or 31.66 points to close at 2,859.94 points on transaction value of 150.6 billion yuan. The Shenzhen Component Index advanced 2.86 percent or 345.25 points to close at 12,407.7 points on transaction value of 146.4 billion yuan. Over 2,000 stocks on the two bourses recorded gains, including 32 stocks that surged by their daily limits. More than 100 stocks recorded losses.
November 23, 2010 - Crude Steel Output Down 3.8% In October - The output of crude steel nationwide fell 3.8 percent year-on-year while the output of steel products rose 4.1 percent year-on-year in October, reports Securities Times, citing data released by the National Development and Reform Commission.
November 23, 2010 - Chinese Indices Continue To Slide - The Shanghai Composite Index declined 56.09 points or 1.94 percent to close at 2,828.19 points today on transaction value of 147.9 billion yuan. The Shenzhen Component Index lost 241.14 points or 1.96% to close at 12,062.41 points today on transaction value of 145.2 billion yuan. The non-ferrous metal sector led losers today,
November 22, 2010 - Shanghai Index Down 0.15%, Shenzhen Index Up 0.06% - The Shanghai Composite Index lost 4.20 points or 0.15% to close at 2,884.37 points today on transaction value of 165.3 billion yuan. The Shenzhen Component Index gained 7.7 points or 0.06% to end at 12,303.55 points today on transaction value of 166 billion yuan. Financial stocks led losers as the central bank announced late Friday a hike in the deposit reserve ratios of commercial banks for the fifth time this year, leading to declines in the stocks of banks and brokerages.
November 19, 2010 - China to Raise Reserve Ratio by 50 Basis Points From Nov. 29 - China ordered banks to set aside larger reserves for the fifth time this year, draining cash from the financial system to limit inflation and asset-bubble risks in the world’s fastest-growing major economy.
November 19, 2010 - Shanghai & Shenzhen Indices Continue Rebound - The Shanghai Composite Index edged up 0.81 percent or 23.11 points to close at 2,888.57 points today on transaction value of 155.78 billion yuan. The Shenzhen Component Index gained 1.23 percent or 149.70 points to close at 12,295.85 points today on transaction value of 139.66 billion yuan. Both the Shanghai and Shenzhen indices declined in the morning session before rebounding at about 13:45pm. Almost all the sectors gained today. For the week, the Shanghai Composite Index was down 3.24 percent and the Shenzhen Component Index fell 3.38 percent. The State Council ordered five ministries and departments to jointly crack down on insider trading in the capital markets.
November 18, 2010 - Chinese Indices Rebound - The Shanghai Composite Index rallied 0.94 percent or 26.59 points to close at 2,865.45 points today on transaction value of 127.77 billion yuan. The Shenzhen Component Index rose 1.92 percent or 228.65 points to close at 12,146.14 points today on transaction value of 107.68 billion yuan. According to a report by Xinhua News Agency, China will launch measures to control the prices of consumer staples and may directly intervene in price setting. Separately, in anticipation of a possible deposit interest rate hike, the Overnight China Interbank Offered Rate climbed to 1.7354 points yesterday.
November 18, 2010 - Agricultural Prices Jump In 50 Wholesale Markets - Between November 8 and 14, the price index of agricultural products rose 0.78 percentage points week-on-week to 176.02 points, reports Yicai.com, citing data published by the Ministry of Agriculture. All figures presented below are week-on-week and refer to the seven-day period mentioned above.
November 17, 2010 - Shanghai & Shenzhen Indices Extend Falls - The Shanghai Composite Index fell 1.92 percent or 55.68 points to close at 2,838.86 points today on trading value of 158.70 billion yuan. The Shenzhen Component Index dropped 2.45 percent or 299.78 points to close at 11,917.49 points today on trading value of 129.72 billion yuan. China’s consumer confidence index fell by 5 points in the third quarter to 104 on inflation concerns. Prime Minister Wen Jiabao said that the government is coming up with new measures to contain the price hikes.
November 17, 2010 - National Electricity Consumption Totals 3484 TWH In First 10 Months - National electricity consumption totaled 3,484 TWH in the first 10 months, including 340 TWH in October alone, reports yicai.com, citing the China Electricity Council. Above-scale power generation swelled 14.9 percent year-on-year to 3,421.6 TWH in the first 10 months, including 563 TWH from hydropower, 2,737.7 TWH from thermal power and 59.7 TWH from nuclear power.
November 16, 2010 - Asian Stocks Drop on Signs Governments Taking Measures to Cool Inflation - Asian stocks fell for a third day on speculation that governments in the region will take further steps to cool inflation. Japanese exporters rose after a report showed U.S. retail sales grew more than estimated and the yen weakened against the dollar.
November 15, 2010 - Wholesale Vegetables Prices In 36 Cities Jump 62.4% - During the first ten days of this month, average wholesale prices of 18 kinds of vegetable rose 62.4 percent year-on-year to 3.9 yuan per kilogram in 36 main cities, reports Caijing.com.cn.
November 15, 2010 - Shanghai Index Rebounds 0.97% To Close Above 3,000 Pts - The Shanghai Composite Index rose 0.97 percent or 28.98 points to close at 3,041.41 points today on trading value of 197.09 billion yuan. The Shenzhen Component Index increased 0.64 percent or 81.55 points to close at 12,808.09 points today on transaction value of 158.16 billion yuan. The Agricultural Bank of China (601288, 2.75, +1.10%) and China Construction Bank (601939, 5.10, -2.67%) denied media reports that they had suspended the provision of loans for property development.
November 12, 2010 - Shanghai & Shenzhen Indices Stage Sharp Falls - The Shanghai Composite Index plummeted 162.31 points or 5.16 percent to close at 2,985.44 points today, the largest single day drop since August 31, 2009. Trading value reached 298.41 billion yuan. The Shenzhen Component Index slumped 958.40 points or 7 percent to close at 12,726.54 points today on trading value of 234.80 billion yuan. For the week, the Shanghai Composite Index was down 4.6 percent while the Shenzhen Component Index declined 7.33 percent. With concerns over further tightening measures such as a possible interest rate hike, adjustment in stamp-duties or other related measures following the higher than expected CPI figures for October, almost all the sectors posted losses today.
November 12, 2010 - China CPI Growth Surges 4.4% In Oct. - China recorded a 4.4 percent year-on-year increase in the growth of the consumer price index (CPI) in October, up 0.8 percentage point from September, according to the National Bureau of Statistics.
November 12, 2010 - Auto Sales Climb 25.5% In Oct. - Auto sales in China rose 25.47 percent year-on-year to 1.539 million units in October while auto production in the same month increased 22.5 percent year-on-year to 1.541 million units, reports 163.com, citing statistics published by the China Association of Automobile Manufacturers.
November 11, 2010 - China Stock Index Rises as PetroChina, Sinopec Gains Overshadow Inflation - China’s benchmark stock index rose as banks and oil refiners advanced after Moody’s Investors Service boosted the nation’s debt rating and speculation mounted the government will raise fuel prices. Consumer-related companies erased gains on concern costs will rise.
November 11, 2010 - China's Inflation, Credit Upgrade Build Pressure on Yuan - China’s inflation rate jumped to a two-year high and the nation’s debt rating was raised by Moody’s Investors Service, boosting pressure for a stronger currency as Group of 20 leaders meet to discuss exchange rates.
November 10, 2010 - China's Home Prices Grow at Slowest Pace in 10 Months - China’s property prices rose at the slowest pace in 10 months in October after the government raised interest rates and expanded measures to limit the risk of asset bubbles in the world’s fastest-growing major economy.
November 10, 2010 - China’s Indices Continue To Fall - The Shanghai Composite Index fell 0.63 percent or 19.64 points to close at 3,115.36 points today on transaction value of 248.97 billion yuan. The Shenzhen Component Index edged down 0.06 percent or 8.61 points to close at 13,705.68 points today on transaction value of 196.79 billion yuan.
November 10, 2010 - China to Tighten Control on Inflows of Overseas Funds - China will force banks to hold more foreign exchange and strengthen auditing of overseas fund raising, stepping up efforts to curb hot-money inflows that may inflate asset bubbles and add pressure for a stronger yuan.
November 9, 2010 - China's Stocks Drop Most in 2 Weeks on Inflation, Capital Control Concerns - China’s stocks fell the most in two weeks on concern rising consumer prices and surging fund flows may spur the government to boost interest rates and increase capital controls.
November 10, 2010 - China's Trade Surplus Jumps Ahead of G-20 Leaders' Summit - China posted a larger-than-forecast $27.1 billion October trade surplus, a day before Group of 20 leaders including Presidents Barack Obama and Hu Jintao meet in Seoul to tackle global imbalances in spending and capital flows.
November 9, 2010 - Shanghai Index Down 0.77%, Shenzhen Index Down 0.67% - The Shanghai Composite Index fell 0.77 percent or 24.48 points to close at 3,135.04 points today on transaction value of 248.00 billion yuan. The Shenzhen Component Index declined 0.67 percent or 93.01 points to close at 13,714.29 points today on transaction value of 196.977 billion yuan. The financial and real estate sectors were the main laggards in today’s share trading. On news that the Chinese authorities may directly intervene in home prices and the level of profits that can be made by developers, most of the real estate stocks fell.
November 8, 2010 - Shanghai Index Continues Winning Streak - The Shanghai Composite Index extended gains from last week to close at 3,159.51 points today, up 0.96 percent or 30.01 points. The Shenzhen Component Index was up 0.54 percent or 73.94 points to close at 13,807.30 points today. “The quantitative easing by the U.S. is driving speculative capital into China,” said Zhou Xi, a Tianjin-based strategist at Bohai Securities Co. “That has raised the stakes for regulators who must grapple with inflation and excess liquidity.”
November 8, 2010 - Home Appliances Replacement Policy Generates 100B Yuan Of Sales - The home appliances replacement policy brought about sales of 26.72 million units of new home appliances worth a total of 100 billion yuan as of November 4, reports jinghua.cn, citing the Ministry of Commerce (MoFcom).
November 5, 2010 - Shanghai Index Up 1.38%, Closes Above 3,100 Pts - The Shanghai Composite Index rose 1.38% or 42.56 points to close at 3,129.74 points today on transaction value of 273.18 billion yuan. For the week, the Shanghai Composite Index was up 5.058% while the Shenzhen Component Index was up 2.739%. China Securities Journal reported that in the first four trading days of November, share prices of 268 A share companies hit record highs. On news of the formal signing of the contract between Shanghai and Disneyland today, related stocks outperformed. Shanghai Friendship Group (600827, 20.43, +10.02%) and Shanghai Bailian Group (600631, 16.56, +10.03%) continued yesterday’s jump in share prices since the announcement of their merger. The gold sector posted gains today. Zijin Mining Group (601899, 10.31, +4.46%) led the growth, it jumped by its daily limit at the beginning of today’s trading. Shandong Gold Mining (600547, 64.10, +3.96%) extended gains on the news of its asset acquisition and the addition to its gold reserves.
November 4, 2010 - Shanghai Index Up 1.85%, Nears 3,100-Pt Mark - The Shanghai Composite Index climbed 1.85 percent or 55.95 points to close at 3,086.94 points today on transaction value of 228.10 billion yuan. The Shenzhen Component Index rose 1.52 percent or 203.03 points to close at 13,595.75 points today on transaction value of 160.84 billion yuan. The military and aerospace sector outperformed today, with eight stocks rising by their daily limits.
November 4, 2010 - Dongfeng Motor Sales Up 41% - Dongfeng Motor Company, the parent company of Dongfeng Automobile (600006), said total auto sales by the end of October 2010 hit one million units, a 41 percent year-on-year increase, reports China Securities Journal, citing the president of Dongfeng Motor Company .
November 4, 2010 - Exports Of Electronic Information Products Up 20.2% In Sept. - Exports and imports of electronic information products increased 20.2 percent year-on-year and 23.1 percent year-on-year in September, reports yicai.com, citing statistics from the Ministry of Industry and Information Technology.
November 3, 2010 - China's Stocks Decline as Banks, Developers Fall on Interest-Rate Concern - China’s stocks fell for a second day after government officials said they would take further steps to control inflation after raising interest rates last month.
November 3, 2010 - China's Yuan Settlements Jump 160% as Nokia Shuns Dollars - International trade transactions settled in yuan more than doubled to a record in the third quarter as companies including Nokia Oyj and Metro AG turned to a currency that rose 24 percent against the dollar in six years.
November 2, 2010 - Shanghai Index Down 0.28%, Shenzhen Bourse Down 0.71% - The Shanghai Composite Index dipped 0.28 percent or 8.59 points to close at 3,045.43 points today on transaction value of 306.51 billion yuan. The Shenzhen Component Index lost 0.71 percent or 97.31 points to close at 13,646.46 points today on transaction value of 234.94 billion yuan. Four companies debuted on the Shenzhen Stock Exchange today, of which Huasi Agricultural Development (002494, 28.30, +28.64%) and Zhuhai Winbase International Chemical (002492, 20.42, +27.62%) recorded gains of more than 27%. Rongsheng Petro Chemical (002493, 63.25, +17.57) and Guangdong Jialong Food (002495, 33.81, 5.66%) gained. One company debuted on the Shanghai bourse; Jointown Pharmaceutical Group (600998, 18.98, +46.00%) had a low IPO issue price but recorded a gain of 46% on its first trading day. The strong growth of the non-ferrous metal sector in the morning session helped the Shanghai Composite Index to rebound to above 3,090 points. Though the sector fell by the end of the trading session, Guizhou Wire Rope (600992, 11.20, +10.02) and Yunan Germanium (002428, 83.82, +10.00%) rose by their daily limits.
November 1, 2010 - Shanghai Index Up 2.52%, Closes Above 3,000 Points - The Shanghai Composite Index rose 2.52 percent to close at 3,054 points today on transaction value of 251 billion yuan. Banking, insurance and brokerage stocks rose on good third quarter earnings while real estate stocks underperformed on recent moves by China to reduce the discount on the mortgage lending rate for home buyers.
November 1, 2010 - Manufacturing PMI Continues Uptrend, Up 0.9 Percentage Point - hina recorded a 0.9 percentage point month-on-month increase in the Purchasing Managers' Index (PMI) to 54.7 in October, reports 163.com, citing data released by the China Federation of Logistics and Purchasing. This marked the 20th straight month since March 2009 that the PMI stayed above 50.
October 29, 2010 - Shanghai Index Down 0.46%, Ends October Up 12.17% - The Shanghai Composite Index dropped 0.46% or 13.75 points to close at 2,978.83 points today on transaction value of 197.6 billion yuan. For the week, the Shanghai Composite Index was up 0.128% while the Shenzhen Component Index was up 1.076%. The Shanghai Composite Index advanced 12.17% in October, the largest single-month rally in fourteen months, while the Shenzhen Component Index rose 16.556%.The financial sector fell with all the bank stocks declining, impacted by the third quarter performances of several companies which were below expectations. Property developers opened low and closed with losses. Commercial banks in Beijing and Shanghai revealed that the 30% interest rate discount for buyers of first homes will be canceled. Such customers will instead have a 15% discount off the benchmark interest rate.
October 27, 2010 - Shanghai Index Loses Steam, Sinks Below 3,000 Points - The Shanghai Composite Index lost 44.49 points or 1.46% to close at 2,997.05 points today on transaction value of 233.3 billion yuan. On reports that the China Securities Regulatory Commission has required brokerages to take measures to prevent the leakage of sensitive information between their their primary market business and secondary market business, brokerages on the whole recorded weak performances. Hongyuan Securities (000562, 22.20, -4.31%), Sinolink Securities (600109, 19.17, -4.01%) and Guoyuan Securities (000728, 14.89, -4.31%) were among the leading losers.
October 26, 2010 - Shanghai Index Falls 0.32%, Shenzhen Bourse Flat - The Shanghai Composite Index fell 9.88 points or 0.32% to close at 3,041.54 points today on transaction value of 263 billion yuan. The Shenzhen Component Index lost 4.24 points or 0.03% to close at 13,729.96 points today on transaction value of 195.5 billion yuan. This was mainly in inflation and valuation concerns.
October 26, 2010 - China Hikes Retail Prices Of Fuel - The domestic retail prices of gasoline and diesel were increased by 230 yuan and 220 yuan per ton to 7,410 yuan per ton and 6,680 yuan per ton effective today, reports China Securities Journal, citing an announcement by the National Development and Reform Commission (NDRC) late yesterday.
October 25, 2010 - Shanghai Index Up 2.57%, Shenzhen Bourse Surges 3.85% - The Shanghai Composite Index gained 76.38 points or 2.57% to close at 3,051.42 points today on transaction value of 254.6 billion yuan. Stocks of household appliances makers recorded strong performances, Statistics showed that the sales of domestic white goods rose 13.2% year-on-year to 50.6 billion yuan. Yanzhou Coal Mining (600188, 31.33, +10.01%) surged by its daily limit as the company announced that net profit for the third quarter surged 2.27 fold year-on-year.
October 22, 2010 - Shanghai Index Flat, Shenzhen Bourse Gains 3.59% For The Week - The Shanghai Composite Index fell 0.28 percent to close at 2,975 points today with transaction value of 194.9 billion yuan. The index was flat for the week. The Shenzhen Component Index gained 0.87 percent to close at 13,224 points today with transaction value of 155.8 billion yuan. The index gained 3.59 percent for the week.
October 22, 2010 - Urban Unemployment Rate Down 0.1 Percentage Point In Q3 - China’s urban unemployment rate dropped to 4.1 percent at end September, down 0.1 percentage point from the second quarter, During the first three quarters of 2010, new job opportunities reached 9.31 million, exceeding the annual target of nine million new jobs.
October 22, 2010 - China Customs Revenue Exceeds 1T Yuan - China recorded a 46 percent year-on-year increase in customs revenue nationwide to 1.00059 trillion yuan as of October 14, reports Caijing, citing data from the General Administration of Customs. The General Administration of Customs attributes the growth in customs revenue to the overall development of China’s economy, strengthened tax collection and administrative support, as well as the higher prices of imported goods.
October 21, 2010 - China's Economic Growth Cools as Inflation Accelerates - China’s economy grew 9.6 percent in the third quarter and inflation accelerated to the fastest pace in almost two years, adding weight to calls for the engine of the global recovery to let its currency appreciate more rapidly
October 21, 2010 - Shanghai Index Down 0.68%, Shenzhen Index Falls 0.14% - The Shanghai Composite Index fell 0.68 percent to close at 2,983.5 points today with transaction value of 205.07 billion yuan. The Shenzhen Component Index declined 0.14 percent to close at 13,111.52 points today with transaction value hitting 152.58 billion yuan.
October 20, 2010 - China Pledges Rare Earth Supplies, Signals Exports May Rebound - China, producer of more than 90 percent of the world’s rare earths, pledged to maintain supplies and signaled exports of the minerals used in electronics, wind turbines and smart bombs may rise next year.
October 20, 2010 - Shanghai Index Flat As Real Estate Stocks Tumble - The Shanghai Composite Index closed at 3,003.9 points today, up 0.07 percent with transaction value of 262 billion yuan. The Shenzhen Component Index rose 1.23 percent to close at 13,130 points today, with transaction value of 182.89 billion yuan. China’s central bank last night announced that it will hike the one-year benchmark deposit rate and loan rate both by 0.25 percentage point to 2.5 percent and 5.56 percent from 2.25 percent and 5.31 percent previously.
October 19, 2010 - Shanghai Index Up 1.58%, Closes Above 3,000 Points - The Shanghai Composite Index added 1.58 percent to close at 3,001.8 points with transaction value of 199.62 billion yuan. The Shenzhen Component Index was up 2.54 percent to close at 12,970 points, with transaction value of 141.14 billion yuan.
October 18, 2010 - Shanghai Index Down 0.54%, Shenzhen Bourse Falls 0.91% - The Shanghai Composite Index ended 0.54 percent lower to close at 2,955 points today, with transaction value hitting 301.23 billion yuan. The Shenzhen Component Index inched down 0.91 percent to close at 12,649 points today, with transaction value of 181 billion yuan.
October 16, 2010 - China Says Its Medium, Heavy Rare Earth Reserves May Last Only 15-20 Years - China’s medium and heavy rare earths reserves may last 15 years to 20 years at the current rate of production, possibly requiring imports, the Ministry of Commerce said today. Domestic rare earths deposits dropped to 27 million metric tons by the end of 2009, or just 30 percent of the world’s total known reserves, from 43 million tons, or 43 percent of the world total, in 1996, Chao Ning, section chief of foreign trade at the ministry said at a Beijing conference.
October 15, 2010 - China Hikes Required Reserve Ratio - The People’s Bank of China (PBOC) announced today that it will raise the required reserve ratio by 50 basis points for the “big four” banks while China Merchants Bank’s required reserve ratio will be increased to 17.5 percent, and China Minsheng Banking Corporation’s required reserve ratio will be increased to 15.5 percent, reports China Securities Journal, citing unnamed sources.
October 15, 2010 - Fiscal Revenue Up 12.1% In September - China's fiscal revenue rose 12.1 percent year-on-year to 618.72 billion yuan in September, reports secutimes.com, citing the Ministry of Finance. Cumulative fiscal revenue grew 22.4 percent year-on-year to 6.3 trillion yuan in the first nine months of 2010. Tax income increased 24.2 percent year-on-year to 5.6 trillion yuan in the first nine months, while non-tax income was up 9.6 percent year-on-year to 708.21 billion yuan.
October 15, 2010 - Shanghai Index Closes In On 3,000 Pts, Up 8.5% For The Week - The Shanghai Composite Index soared 91.52 points or 3.18% to close at 2,971.16 points today on transaction value of 272.951 billion yuan. The Shenzhen Component Index gained 257.79 points or 2.06% to close at 12,765.5 points on transaction value of 174.999 billion yuan. For the trading week ending on October 15, the Shanghai Composite Index surged 8.5%, a new record high this year, while the Shenzhen Component Index rose 7.17%.
October 14, 2010 - Yuan Bond Sales Hit Record Led by Railways as Spreads Narrow: China Credit - China’s plans to lay twice as much high-speed track as the rest of the world combined is turning 2010 into a record year for yuan bond sales.
October 14, 2010 - Bull Run On Shanghai Index Continues, Shenzhen Index Falls - The Shanghai Composite Index gained 18.27 points or 0.64% to close at 2,879.64 points on transaction value of 264.68 billion yuan. Losers outnumbered gainers in whole day trading, with over 1,700 stocks on the two bourses falling. Financial, non-ferrous metal and coal stocks gained while other sectors declined. Coal stocks rallied in afternoon trading. With the continuous rise in the international crude oil price, producers of coal, which can be a substitute for crude oil, gained.Financial stocks outperformed today.
October 13, 2010 - Exports Of Mechanical & Electrical Products Up 34.5% - Exports of mechanical and electrical products in the first three quarters of 2010 increased 34.5 percent year-on-year to $667.72 billion, accounting for 58.9 percent of total export value, according to the General Administration of Customs.
October 13, 2010 - Trade Surplus Down 15.7% In September - China recorded a 15.7 percent month-on-month decline in trade surplus in September to $16.88 billion, according to the General Administration of Customs
October 13, 2010 - China Stocks Rise, Extending Bull Market Rally; Developers, Autos Advance - China’s stocks rose for a fifth day, extending the benchmark index’s bull market rally, after exports climbed last month and the government said it will promote sales of construction material in rural areas.
October 13, 2010 - China Foreign-Exchange Reserves Jump to $2.65 Trillion - China’s foreign-exchange reserves, the world’s largest, surged by a record to $2.65 trillion at the end of September, adding fuel to complaints that the nation’s curbs on gains in the yuan are undermining the global recovery.
October 12, 2010 - Transactions Of Commercial Homes In Shanghai Hit 49-Week High - The transaction area of commercial residential properties in Shanghai in the first week of October rose 41.9 percent month-on-month to a 49-week high of 425,700 square meters, reports Shanghai Securities News, citing statistics published by the China Real Estate Information Corporation.
October 12, 2010 - Shanghai Index Extends Gains, Closes At 2,841 Points - The Shanghai Composite Index gained 1.23% or 34.47 points today to close at 2,841.41 points on transaction value of 214 billion yuan. Share prices of the two oil giants climbed, triggered by news that the refined oil price will be raised in line with international oil prices. PetroChina (601857, 11.15, +3.43%) and Sinopec (600028, 9.02, +3.92%) both closed with gains of over 3%
October 11, 2010 - Shanghai Index Up 2.49%, Closes Above 2,800-Point Mark - The Shanghai Composite Index advanced 68.20 points or 2.49% to close at 2,806.94 points today on transaction value of 257.13 billion yuan, a new record high for 2010. Jiangxi Copper Co. and PetroChina Co. led a rally among metal and energy producers as commodity prices surged. Yanzhou Coal Mining Co. soared 10 percent after Shenyin & Wanguo Securities Co. said the outlook for quantitative easing measures by central banks globally and low valuations are boosting coal stocks. Air China Ltd., the nation’s largest international carrier, rose 4.5 percent as a stronger Chinese currency will reduce costs to finance U.S. debt.
October 11, 2010 - China Currency Reserves May Hit $2.5 Trillion, Stoking Tensions - China’s foreign-exchange reserves, the world’s largest, may have climbed to a record $2.5 trillion, adding fuel to complaints that the nation’s currency intervention is undermining the global economic recovery.
October 10, 2010 - China to Cut Current Account Surplus Through Gradual Adjustment, Yi Says - China plans to cut its current account surplus and proceed with foreign-exchange reform to help rebalance the global economy, central bank deputy governor Yi Gang said. China aims to reduce the surplus below 4 percent of its gross domestic product in the next three to five years, from 11 percent in 2007 and 5.8 percent in 2009,
October 8, 2010 - China Yuan Climbs to Strongest Level Since 1993 After Dollar Slumps, Shanghai Composite increases - China’s stocks rose the most in four months after Moody’s Investors Service put the nation’s debt rating on review for a possible upgrade, retail sales surged and the yuan climbed to its strongest against the dollar since 1993. The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, surged 3.1 percent to 2,738.74 as of the 3 p.m. close, the most since May 24.
October 8, 2010 - Chinese Potash Bid Depends on Canada Premier’s Office, G&M Says - China’s Sinochem Group won’t proceed with its bid for Potash Corp. of Saskatchewan Inc. without a “positive signal” from the office of Canadian Prime Minister Stephen Harper that its offer will be fairly considered, the Globe & Mail reported, citing unidentified people close to Sinochem.
October 6 & 7, 2010 - Banking Holiday
October 5, 2010 - Banking Holiday
October 4, 2010 - Banking Holiday
October 4, 2010 - Yen Near Four-Month Low as China's Non-Manufacturing Industries Accelerate - The yen traded near a four-month low against the euro after a Chinese report showed non-manufacturing industries expanded at a faster pace in September, sapping demand for Japan’s currency as a refuge
October 1, 2010 - Banking Holiday
October 1, 2010 - HSBC: China Manufacturing PMI Hits 5-Mth High In Sept - The HSBC China Manufacturing Purchasing Managers' Index (PMI) rose from 51.9 in August to hit a five-month high of 52.9 in September, China’s manufacturing expanded at the fastest pace in four months in September, adding to signs that economic growth is stabilizing even as the government curbs energy use and tries to cool the property market
September 30, 2010 - Shanghai Index Up 1.72%, Shenzhen Bourse Up 2.18% - The Shanghai Composite Index was up 1.72 percent to close at 2,655 points today on transaction value of 107.08 billion yuan. The index rose 1.06 percent for the week but was flat in September. The Shenzhen Component Index inched up 2.18 percent to close at 11,468 points today on transaction value of 75.91 billion yuan. The index rallied 0.51 percent for the week and 1.46 percent in September. The CSI 300 stock index futures for October delivery rose 64.6 points to close at 2,953.4 points on the final contract trading day while the spot CSI 300 stock index added 2.1 percent to close at 2,935 points. The real estate sector outperformed the broad market despite a new round of tightening measures announced by six ministries last night. According to the new rules, no mortgage loans are to be granted to buyers of third homes while the downpayment for first home and second home buyers were adjusted to 30 percent and 50 percent respectively.
September 29, 2010 - China's Stocks Fall, Erasing Gains; Developers Drop, Coal Producers Climb - China stocks fell as developers dropped amid speculation the government will issue new measures to avert a property bubble, overshadowing gains by energy producers after manufacturing rose for a second month.
September 29, 2010 - HSBC: China Manufacturing PMI Hits 5-Mth High In Sept - The HSBC China Manufacturing Purchasing Managers' Index (PMI) rose from 51.9 in August to hit a five-month high of 52.9 in September, reports 163.com. Manufacturing accelerated in China for a second straight month in September, adding to signs the fastest-growing major economy is stabilizing after policy makers curbed lending in an effort to avert asset bubbles.
September 29, 2010 - Apparent Consumption Of Natural Gas Up 23.8% - China recorded a 23.8 percent year-on-year increase in the apparent consumption of natural gas in August to 8.8 billion cubic meters, 200 million cubic meters more than the apparent consumption recorded in July, reports The Beijing News, citing the National Development and Reform Commission (NDRC)
September 28, 2010 - Shanghai Commercial Residential Property Market Rebounds - The transaction area of commercial residential properties in Shanghai rose 14 percent week-on-week to 318,000 square meters in the week from September 20 to September 26, reports Shanghai Securities News, citing data released by Uwin Real Estate Information.
September 28, 2010 - Shanghai Index Down 0.63%, Shenzhen Bourse Down 1.19% - The Shanghai Composite Index ended 0.63 percent lower to close at 2,611.39 points today on transaction value of 114.67 billion yuan. The Shenzhen Component Index inched down 1.19 percent to close at 11,274 points today on transaction value of 87.56 billion yuan.
September 27, 2010 - Shanghai Index Up 1.41%, Gold, Copper & Smart Grid Stocks Outperform - China’s key stock index, the Shanghai Composite Index rallied 1.41 percent to close at 2,627 points today on transaction value of 90.54 billion yuan. The Shenzhen Component Index rose 1.78 percent, or 199.07 points to close at 11,409.9 points, with transaction value totaling 73.97 billion yuan.
September 27, 2010 - Industrial Value-Added Up 13.9% - Large-scale industrial enterprises in China recorded a 13.9 percent year-on-year increase in value-added in August, up 0.5 percentage point from July, reports Shanghai Securities News, according to data released by the Ministry of Industry and Information Technology.
September 24, 2010 - Nike China Orders Rise 25% on Demand for Basketball Sportswear - Nike Inc., the world’s largest maker of athletic shoes, reported orders for China surged 25 percent, outpacing all other regions on demand for basketball- related sportswear.
September 25, 2010 - China Allows Banks to Sell Loans on Interbank Market; 21 Lenders Sign On - Twenty-one banks agreed in Shanghai today to sell loans on China’s interbank market as the government allowed the transactions for the first time.
September 24, 2010 - Bank Holiday
September 23, 2010 - Bank Holiday
September 22, 2010 - China Won't Let Yuan Rise Soon in Poll Signaling No. 1 Economy - ost global investors expect China to become the world’s biggest economy over the next two decades, and they are divided over whether that will help or hurt the economies of other industrialized countries.
September 21, 2010 - Shanghai Index Up 0.11%, Shenzhen Bourse Up 0.54% - The Shanghai Composite Index gained 2.84 points or 0.11% to close at 2,591.55 points today on transaction value of 66.94 billion yuan. The Shenzhen Component Index gained 0.54% or 60.41 points to close at 11,210.7 points today on transaction value of 66.4 billion yuan. Stocks of pesticide producers led gainers today as China plans to cut the number of pesticide producers by 30% by 2015. Shandong Dacheng Pesticide (600882, 8.23, +10.03%) surged by its daily limit, driving up Zhejiang Xinan Chemical Industrial Group (600596, 13.47, +3.78%) and Jiangsu Yangnong Chemical (600486, 24.86, +4.02%).
September 21, 2010 - New Home Transactions In Shenzhen Up 21.4% - The transaction volume of new homes in Shenzhen rose 21.4 percent week-on-week to 1,300 units last week, reports Shanghai Securities News, citing data released by Shenzhen World Union Properties Consultancy (002285). The average transaction price of new homes in Shenzhen last week was up 3.9 percent week-on-week to hit 19,575 yuan per square meter. A total of 3,057 units of previously owned homes were transacted in Shenzhen last week, a surge of 54.3 percent week-on-week.
September 20, 2010 - Shanghai Index Extends Declines - The Shanghai Composite Index lost 9.98 points or 0.38% to close at 2,588.71 points today on transaction value of 90.69 billion yuan. The Shenzhen Component Index lost 57 points or 0.52% to close at 11,150.3 points today on transaction value of 77.7 billion yuan. Pharmaceutical stocks led decliners on Monday. According to data from Wind, shareholders of seven pharmaceutical companies reduced their holdings by 66.584 million shares worth a total of 811 million yuan since September.
September 20, 2010 - Yuan Advances to Strongest Level Since 1993 on U.S. Pressure on Currency - The yuan strengthened to a 17 year- high on speculation the Chinese government will yield to increased political pressure from the U.S., which is seeking a faster appreciation of the currency.
September 20, 2010 - Guangdong Exports Of Textiles & Garments Up 21.2% - Guangdong province recorded a 21.2 percent year-on-year increase in the exports of textiles and garments to $23.72 billion in the first eight months of the year, reports 21st Century Business Herald, citing data released by Guangzhou Customs.
September 18, 2010 - Beijing Property Market Bounces Back - Shanghai Commercial Housing Market Slumps In First 8 Months - see lnks.
September 17, 2010 - Shanghai Index Sinks Below 2,600 Pts - The Shanghai Composite Index declined 0.15 percent to close below 2,600 points at 2,598.68 points today on transaction value of 94.655 billion yuan. The index was down 65 points for the week. Banking, brokerage and insurance stocks mostly fell today despite the China Banking Regulatory Commission (CBRC) denying rumours that it will hike the capital adequacy ratio (CAR) to 15 percent. The CAR for big domestic commercial banks is currently 11.5 percent.
September 16, 2010 - Beijing Property Market Bounces Back - Beijing recorded a 6.2 percent month-on-month increase in the transaction area of commercial residential housing to 902,000 square meters in August, reports The Beijing News, citing data released by the Beijing Municipal Bureau of Statistics.y
September 16, 2010 - China Stocks Drop Most in Three Weeks Amid Bank Loan Restriction Concerns - China’s stocks fell, sending the benchmark index to its biggest drop in three weeks, as investors speculated the government will curb bank lending.
September 15, 2010 - Yuan Climbs to Record as Gains Quicken Ahead of U.S. Committee Meetings - China’s yuan rose to the highest level since 1993 against the dollar on speculation the central bank will allow faster appreciation as inflation accelerates and foreign pressure mounts.
September 15, 2010 - Foreign Investment in China Climbs for 13th Straight Month to $7.6 Billion - Foreign direct investment in China climbed for the 13th straight month in August, even as U.S. and European companies complained of a worsening business environment and government discrimination. Investment rose 1.4 percent from a year earlier to $7.6 billion, the Ministry of Commerce said at a briefing in Beijing.
September 15, 2010 - Shanghai Index Down 1.34%, Shenzhen Index Down 2.17% - The Shanghai Composite Index fell 1.34 percent to close at 2,652 points today on transaction value of 138.47 billion yuan. The Shenzhen Component Index closed at 11,412 points, down 2.17 percent. Transaction value totaled 122.9 billion yuan. Airline stocks turned in mixed performances as the authorities announced that no business taxes will be levied on Taiwan airline companies which run Taiwan-mainland China routes. China Eastern Airlines (600015, 7.54, +0.4%), China Southern Airlines (600029, 8.05, +0.75%) rose while Air China (601111, 12.01, -1.72%) fell.
September 14, 2010 - Most China Stocks Drop After Wen Comments; Developers Retreat, SAIC Gains - Most Chinese stocks fell after Premier Wen Jiabao cautioned that rising property prices threaten to stoke unrest, overshadowing comments that the world’s fastest-growing economy is in “good shape. ”About five stocks fell for every four that rose on the Shanghai Composite Index, which added 0.20, or less than 0.1 percent, to 2,688.52 at the 3 p.m. close after changing direction more than 10 times. The CSI 300 Index rose 0.1 percent to 2,965.01. The Shanghai index has rebounded 14 percent from this year’s low on July 5 on signs the nation’s economic slowdown is stabilizing. The index plunged 27 percent in the first half after last year’s 80 percent surge as the government imposed tightening measures ranging from restrictions on house purchases to a 7.5 trillion yuan ($1.1 trillion) annual limit on new lending by banks.
September 14, 2010 - Yuan Surges to Highest Level Since 1993 Before U.S. Hearing - China’s yuan surged to the strongest level since 1993 on speculation the government will allow faster appreciation to head off U.S. trade sanctions as its economy improves. The central bank fixed the reference rate at 6.7378 per dollar, the highest level since a peg against the dollar was scrapped in July 2005, before the U.S. House Ways and Means Committee discusses China’s currency policy tomorrow and Sept. 16.
September 13, 2010 - Conference Board's China Leading Economic Index Increases for Third Month - An indicator of China’s economic outlook rose for a third month in July, adding to evidence the cooling of the nation’s expansion has stabilized. The leading economic index climbed 0.5 percent to 147.6 in July, The Conference Board’s report showed today.
September 13, 2010 - Shanghai Index Up 0.94 % On Good August Data - The Shanghai Composite Index rose 0.94 percent to close at 2,663.2 points today on transaction value of 140.79 billion yuan. The Shenzhen Component Index inched up 1.36 percent to close at 11,690 points today on transaction value of 123.126 billion yuan. China released key economic indicators on Saturday which showed a 13.9 percent year-on-year rise in August industrial production while retail sales increased 18.4 percent year-on-year. The CPI in August rose 3.5 percent year-on-year, hitting a 22 month high while the PPI in August grew 4.3 percent year-on-year, but down 0.5 percentage point from July.With China’s one-year time deposit rate currently at 2.25 percent, China is now experiencing a negative interest rate environment.
September 11, 2010 - China August New Lending, Money Supply Growth Rebounds, Exceeding Forecast - New lending in China rebounded in August and expansion of the money supply unexpectedly accelerated, reflecting strong demand for credit in the world’s fastest-growing major economy.
September 11, 2010 - China Industrial Output Tops Forecast as `Robust' Demand Aids World Growth - China’s industrial output rose at a faster pace than analysts estimated in August, signaling that the world’s third-biggest economy is maintaining momentum as growth moderates. Production gained 13.9 percent from a year earlier, more than that 13 percent median estimate of 29 economists, a statistics bureau report showed in Beijing today. Consumer prices jumped 3.5 percent, the most in 22 months, as food costs climbed. Retail sales increased 18.4 percent.
September 11, 2010 - China Property-Price Gains Slowed in August to 9.3% - China’s property prices rose 9.3 percent in August from a year earlier, signalling officials may extend a crackdown on speculators and multiple home purchases. Average prices in 70 major cities were unchanged from a month earlier.
September 11, 2010 - Global Auto Industry Outlook Dims as U.S., China Markets Slow - Unemployment in the U.S. and government measures to cool China’s economy are damping demand in the world’s two largest car markets, weakening the outlook for the industry. U.S. auto sales in August were the worst for the month in 28 years, while China’s passenger-car deliveries to dealerships increased at the slowest pace in July since March 2009.
September 10, 2010 - Shanghai Index Up 0.26% On Export Data - The Shanghai Composite Index gained 0.26 percent to close at 2,663.2 points today on transaction value of 134.13 billion yuan. The index was flat for the week. The Shenzhen Component Index inched up 0.57 percent to close at 11,530 points today on transaction value of 123.06 billion yuan. The index gained 63 points for the week. The central parity of the USD/CNY was set at 6.7625 today, up 192 basis points from yesterday, hitting a new high since China said on June 19 that it will further promote a flexible foreign exchange regime. China posted a trade surplus of slightly more than $20 billion for August, down 30.4 percent from July, according to data released by the customs bureau. Imports in August hit $119.27 billion while exports totaled $139.3 billion. Property prices in 70 medium and large cities in August rose 9.3 percent year-on-year, less than the 10.3 percent year-on-year increase recorded in July.
September 10, 2010 - China Posts $20 Billion Trade Surplus as U.S. Seeks Yuan Gains - China posted a third straight trade surplus of more than $20 billion in August even as imports leaped, highlighting friction with the U.S. over claims that the nation’s currency is undervalued.
September 9, 2010 - China, India Monthly Auto Sales Surge on Government Subsidies, New Models - China and India reported gains in passenger car sales in August as government subsidies, economic growth and new models from Nissan Motor Co. and Volkswagen AG spurred demand in the world’s two most populous nations.
September 9, 2010 - Real Estate & Banking Stocks Lead Shanghai & Shenzhen Indices Lower - The Shanghai Composite Index, China’s benchmark stock index, fell 1.44 percent to close at 2,656.35 points today on transaction value of 156.15 billion yuan. The Shenzhen Component Index fell 2.2 percent to close at 11,465 points today on transaction value of 140.64 billion yuan. Stocks from the real estate, banking and energy sectors led loss. The vacancy ratio of previously-owned luxury homes in Shanghai may reach 50 percent, reported 21st Century Business Herald today.
September 9, 2010 - China Inflation Date Change Triggers Rate Speculation - China brought forward the release of August economic indicators by two days, spurring speculation the central bank may be preparing to raise a benchmark interest rate before markets open on Monday. Data including consumer prices and industrial output will be reported on Sept. 11 instead of the previously scheduled Sept. 13
September 8, 2010 - Chinese Markets Turn In Mixed Performances - The Shanghai Composite Index lost 3.07 points or 0.11% to close at 2,695.29 points today on transaction value of 131.837 billion yuan. The Shenzhen Composite Index gained 40.08 points or 0.34% to close at 11,722.78 points today on transaction value of 121.47 billion yuan. Qinghai Salt Lake Potash (000792, 63.57, +4.56%) and Qinghai Salt Lake Industry Group (000578, 28.71, +5.94%) recorded gains on news that Sinochem Group has invited Temasek Holdings to jointly acquire Canadian fertilizer maker Potash.
September 8, 2010 - Crude Steel Production Increases In August - China's crude steel production in late August is estimated to total 18.5 million tons, with daily crude steel output dipping two percent from mid August to 1.68 million tons, reports Yicai.com, citing statistics from the China Iron and Steel Association (CISA).
September 7, 2010 - China Stocks Rise to 4-Month High as Material Producers Rally; Banks Drop - China’s stocks rose to the highest in almost four months as speculation the government will curb overcapacity to meet energy efficiency targets fueled a rally for the nation’s biggest metal producers.
Maanshan Iron & Steel Co. jumped by the maximum 10 percent limit after JPMorgan Chase & Co. said steel prices have “further upside” on policies to reduce energy consumption. Yunnan Aluminium Co. rose the most in 11 months. The market’s gains were limited as banks fell after Guosen Securities Co. said regulators plan to impose loan-loss reserves on lenders.
September 7, 2010 - China Industrial Output Slowdown Will Deepen in Second Half, Ministry Says - na’s slowdown in industrial output growth will deepen after the smallest increase in 11 months in July, a government forecast showed today. Production will gain about 10 percent in the second half of 2010 from a year earlier, the Ministry of Industry and Information Technology said at a briefing in Beijing today. That compares with July’s 13.4 percent and the 17.6 percent average for the first half of the year. August data is due next week.
September 7, 2010 - China surges to 5th largest global investor - China bucked international trends in both outbound and inward investment, official figures have revealed. China now ranks as the fifth largest global investor in outbound direct investment (ODI) with a total volume of $56.5 billion, compared to a ranking of 12th in 2008, the Ministry of Commerce said.
September 6, 2010 - China's Stocks Advance as U.S. Jobs, Obama Proposal Bolster Export Outlook - China’s stocks rose to the highest in four months as Macquarie Securities Ltd. and BNP Paribas recommended shares with large capitalizations and improving U.S. economic data bolstered the outlook for Chinese exports. In China, lending rules are being tightened in Beijing, with the discount on interest rates for first-time home buyers being reduced to 15% from 30% according to Capital Vue. So some tightening activity here, but mainland property stocks Poly Real Estate and Vanke were up around 2% each today regardless.
September 6, 2010 - China May Outstrip U.S. Retail Sales at $5 Trillion by 2016, Official Says - China’s retail sales may outstrip those of the U.S. by reaching 34 trillion yuan ($5 trillion) in 2016, Huang Hai, a former Chinese assistant commerce minister, said today. The forecast is based on annual growth so far this century of 14.5 percent in China and 4.6 percent in the U.S.
September 6, 2010 - Capesize Bookings to China Advance 29% in August, Clarkson Figures Show - ookings of capesize vessels to haul dry-bulk commodities to China jumped 29 percent last month, according to Clarkson Plc, the world’s biggest shipbroker. Producers and traders hired 67 of the ships in August for deliveries to the Asian nation, data from Clarkson Research Services Ltd. in London show.
September 5, 2010 - China Reserves Close to 65% USD, Securities Says - China’s forex reserves are close to the global currency composition of 65 percent allocated to U.S. dollars, 26 percent to euros, 5 percent to British pounds and 3 percent to yen, China Securities Journal said, citing unidentified foreign exchange officials.
September 3, 2010 - Most China Stocks Rise; Carmakers Gain on Sales Prospects, Developers Fall - Most China stocks rose as automakers gained on prospects sales will pick up, countering declines by developers on concern that the government will impose more measures to curb property speculation.
September 2, 2010 - China Stocks Advance for First Time in Three Days After U.S. Factory Data - China’s stocks rose for the first time in three days, led by automakers and commodity producers, after vehicle sales surged and U.S. manufacturing grew faster than estimated.
September 1, 2010 - China Manufacturing Quickens From Weakest Since 2009 - Manufacturing in China grew at a faster pace in August after the weakest performance since early 2009 in July, signaling that the economy’s slowdown is stabilizing. The purchasing managers’ index rose to 51.7 from 51.2, exceeding forecasts, a government-backed report showed. Seasonal factors might have had an effect because the index typically gains as factories restart following July maintenance, Mizuho Securities Asia Ltd. said. A separate PMI released by HSBC Holdings Plc and Markit Economics gained to 51.9 from 49.4.
September 1, 2010 - China, Japan Lead Asia's August Car-Sales Surge on Incentives - Toyota Motor Corp. led the biggest jump in Japan auto sales in 38 years and China’s purchases surged, signaling Asian consumers are emerging from the global recession in better shape than those in Europe and the U.S.
August 31, 2010 - China's Stocks Decline as U.S. Income Data Fuels Economic Growth Concern - China’s stocks fell, with the benchmark index dropping for the first time in four days, as smaller-than-estimated growth in personal incomes in the U.S. heightened concern the economic recovery may falter. China Cosco Holdings Co. and China Shipping Development Co. slid at least 1.1 percent on concern a slowing economy will reduce transport demand.
August 31, 2010 -Yuan Set for Biggest Monthly Drop Since '94 as Economy Slows, Dollar Gains - The yuan had its biggest monthly loss since January 1994 after China’s government sought to support economic growth and the U.S. currency rallied. The yuan declined 0.5 percent in August, trimming gains since the central bank ended a two-year dollar peg on June 19 to 0.3 percent.
August 30, 2010 - China's Mutual Funds Post Second-Biggest Six-Month Loss on Property Curbs - China’s mutual funds posted their second-biggest loss for a six-month period as stocks plunged after the government wound back monetary stimulus and curbed property speculation, according to TX Investment Consulting Co.
August 30, 2010 - Rising China Wages Cut Advantage Over Mexico, Flextronics Says - China’s rising wages are cutting the country’s cost advantage over other manufacturing centers such as Mexico, according to Flextronics International Ltd., the world’s second-largest custom electronics maker.
August 29, 2010 - Money-Market Rate in China Gains Most Since June Ahead of ICBC Bond Sale - China’s benchmark money-market rate jumped the most in more than two months on speculation investors are hoarding cash ahead of a bond sale by Industrial & Commercial Bank of China Ltd.
August 27, 2010 - China Stocks Gain, Paring Weekly Decline; Drugmakers Climb, Shenhua Falls - China’s stocks rose, paring a weekly loss, as health-care companies and producers of consumer staples gained as investors sought companies more resilient to an economic slowdown. Coal producers and developers declined.
August 26, 2010 - China's Stocks Climb; Coal Producers, Jiangxi Copper, Cosco Lead Advance - China stocks rose, as coal producers advanced on the prospect of mergers while companies from China Cosco Holdings Co. to Jiangxi Copper Co. climbed after reporting higher earnings.
August 25, 2010 - China Stocks Drop on Global Growth Concerns; Jiangxi Copper, Shenhua Fall - China’s stocks fell, with the benchmark index dropping the most in two weeks, on signs the global recovery is slowing and as investors speculated the government will introduce a property tax.
August 24, 2010 - China's Oil Imports Up 30% in the First Half of 2010 - hinese oil imports continue to provide support for oil tanker market as they are set to a record high levels. According to OPEC’s Monthly Oil Market Review, China imported a record 5.44 mb/d of crude oil in June, breaking the previous 5.17 mb/d record set in April. This represented an increase of 29% over the previous month and 34.1% over a year ago
August 24, 2010- China Stocks Rise on Rate Outlook, Led by Vanke, Baoshan; B Shares Rally- China’s stocks rose for the first time in three days, led by developers and steelmakers, as the nation’s slowing economy fuelled speculation the government will ease lending curbs and delay raising interest rates.
August 23, 2010 - Most Chinese Stocks Rise, Led by Machinery Companies; Developers Decline - Most China stocks rose as investors speculated machinery makers will sustain earnings growth as the government expands investment to poorer regions. Developers and oil companies declined.
August 22, 2010 - Cnooc Banks on Acquisitions, China Oil Output for Growth as Profit Doubles - Cnooc Ltd., China’s biggest offshore oil producer, said overseas acquisitions and discoveries at home will drive the company’s future growth after record output helped more than double profit in the first six months.
August 20, 2010 - China Stocks Fall, Paring Weekly Gain, as Developers Decline on Inflation - China’s stocks fell, paring a weekly gain for the benchmark index, as investors speculated inflation will delay monetary easing and provisions for local-government loans will erode bank profits.
August 19, 2010 - China Stocks Rise as Gold, Coal Producers Rally as Hedge Against Inflation - China’s stocks rose to a three-month high on speculation resource companies will benefit as inflation quickens, with gains for gold and coal producers overshadowing declines by property developers.
August 18, 2010 - China is spearheading the global recovery - Global economy: World growth is now projected at 4.6% in 2010. Relative to the April 2010 World Economic Outlook (WEO), this represents an upward revision of about ½ a percentage point in 2010, reflecting stronger activity during the first half of the year. At the same time, Eurozone downside risks have risen sharply amid renewed financial turbulence.
August 18, 2010 - China Doubles Korea Bond Holdings as Asia Switches From Dollar - China more than doubled South Korean debt holdings this year, spurring the notes’ longest rally in more than three years, as policy makers shifted part of the world’s largest foreign-exchange reserves out of dollars.
August 17, 2010 - China Leading Index Rises Again - A leading indicator of the Chinese economy rose at a slightly less robust pace in June, signaling continued growth in the economy. The Conference Board leading index for China increased 0.8% in June from the previous month, following a 0.9% in May and no change in April. Three of the six components of the indicator rose in June.
August 17, 2010 - Foreign Investment in China Increases in July for 12th Consecutive Month - Foreign direct investment in China climbed in July, highlighting the confidence of companies from Volkswagen AG to Merck & Co. in an economy that surpassed Japan in the second quarter.
August 16, 2010 - China Overtakes Japan as World's Second-Biggest Economy - China surpassed Japan as the world’s second-largest economy last quarter, capping the nation’s three- decade rise from Communist isolation to emerging superpower. Japan’s nominal gross domestic product for the second quarter totalled $1.288 trillion, less than China’s $1.337 trillion, the Japanese Cabinet Office said today.
August 14, 2010 - Hong Kong Economy Expands 6.5% in Second Quarter, Beats Analyst Estimates - Hong Kong’s economy expanded 6.5 percent in the second quarter from a year earlier, the government said today. That compared with the median 6.3 percent estimate in a Bloomberg News survey of 13 economists. Gross domestic product rose 1.4 percent from the previous quarter.
August 14, 2010 - China's Power Consumption Rises 14% in July as Targets for Reductions Loom - China’s power consumption rose 14 percent in July from a year earlier, adding to evidence the government may take more steps to meet conservation goals for the country, the world’s biggest greenhouse gas emitter.
August 13, 2010 - Yuan Has Biggest Weekly Drop in 20 Months as Chinese Economic Growth Slows - China’s yuan had for its biggest weekly decline in 20 months on speculation the central bank is tempering gains to protect exports amid signs growth in the world’s third-largest economy is slowing.
The People’s Bank of China set the daily reference rate for currency trading at 6.8035 per dollar, 0.27 percent lower than yesterday’s close of 6.7851.
August 11, 2010 - China Output Growth Weakens; Inflation Accelerates - China’s industrial output rose the least in 11 months, retail sales growth eased and new loans climbed less than estimated, adding to signs that a slowdown in the world’s third-biggest economy is deepening. Production rose 13.4 percent from a year earlier, the statistics bureau said in Beijing today. Inflation quickened to 3.3 percent, the fastest in 21 months, boosted by a low year- earlier base for comparison and rising food costs.
August 13, 2010 - China's Stocks Advance as Economic Slowdown May Curb Tightening Measures - China’s stocks rose, trimming the steepest weekly loss in more than a month, as investors speculated the government won’t further tighten lending and property curbs given the slowdown in the economy.
August 12, 2010 - China's Yuan Slides Most in Seven Weeks on Slowdown Signs, Dollar Advance - The yuan dropped the most in seven weeks as concern the global economic recovery is faltering drove the dollar higher and fueled speculation Chinese policy makers will restrict gains to protect exports.
August 11, 2010 - China Output Growth Weakens; Inflation Accelerates - China’s industrial output rose the least in 11 months, retail sales growth eased and new loans climbed less than estimated, adding to signs that a slowdown in the world’s third-biggest economy is deepening. Production rose 13.4 percent from a year earlier, the statistics bureau said in Beijing today. Inflation quickened to 3.3 percent, the fastest in 21 months, boosted by a low year- earlier base for comparison and rising food costs.
August 10, 2010 - China’s Trade Surplus Climbs to $28.7 Billion - China’s trade surplus surged last month to its highest level in a year and a half, while real estate prices leveled off, according to government data released Tuesday that pointed to possible trade frictions with the United States and slightly slower economic growth in China. Stock markets across Asia weakened in response to the latest economic statistics, which included an unexpected slump in China’s imports that seemed to suggest a softening of demand. The Shanghai share market fell nearly 3 percent, and the Hang Seng Index in Hong Kong tumbled 1.5 percent.
August 12, 2010 - China's Yuan Slides Most in Seven Weeks on Slowdown Signs, Dollar Advance - The yuan dropped the most in seven weeks as concern the global economic recovery is faltering drove the dollar higher and fueled speculation Chinese policy makers will restrict gains to protect exports.
August 11, 2010 - China Output Growth Weakens; Inflation Accelerates - China’s industrial output rose the least in 11 months, retail sales growth eased and new loans climbed less than estimated, adding to signs that a slowdown in the world’s third-biggest economy is deepening. Production rose 13.4 percent from a year earlier, the statistics bureau said in Beijing today. Inflation quickened to 3.3 percent, the fastest in 21 months, boosted by a low year- earlier base for comparison and rising food costs.
August 10, 2010 - China’s Trade Surplus Climbs to $28.7 Billion - China’s trade surplus surged last month to its highest level in a year and a half, while real estate prices leveled off, according to government data released Tuesday that pointed to possible trade frictions with the United States and slightly slower economic growth in China. Stock markets across Asia weakened in response to the latest economic statistics, which included an unexpected slump in China’s imports that seemed to suggest a softening of demand. The Shanghai share market fell nearly 3 percent, and the Hang Seng Index in Hong Kong tumbled 1.5 percent.
August 8, 2010 - China orders energy-wasting factories to close - China's government has ordered 2,087 steel and cement mills and other factories with poor energy efficiency to close as it struggles to cut waste and improve the country's battered environment.
August 7, 2010 - Asian Stocks Rise for Fifth Week; Cheung Kong, Hutchison Climb on Earnings - Asian stocks rose, driving the MSCI Asia Pacific Index to its fifth weekly advance, as investor expectations of improving corporate earnings in the region overshadowed concerns that employment in the U.S. will falter.
August 6 ,2010 - China's Stocks Rebound as Bank Stress Test Concerns Ease, Food Shares Rise - China’s stocks rebounded, extending gains for the benchmark index to a third week, as concerns about banks’ stress tests eased and agriculture companies advanced after the worst floods in a decade boosted food prices.
August 5, 2010 - China’s Stocks Fall on Banks’ Stress Tests; Developers Slide - China’s stocks fell on concern that the property market may slump further, reducing the earnings of the nation’s banks, after regulators told lenders to gauge the effect of real-estate prices sliding by as much as 60 percent.
August 5, 2010 - Asia Stocks Rise on Toyota Earnings, U.S. Optimism; Wheat Jumps - Stocks in Europe rose and U.S. index futures fluctuated before European Central Bank comments and American jobs reports. The Swiss franc strengthened, gold climbed for a seventh day and wheat jumped to a 23-month high.
August 5, 2010 - China Tests Said to Check Risk of Cash Crunch Among Developers - China’s stress tests of banks will assess the risk that a possible slump in property prices may strain developers’ finances and cause homebuyers to default, a person with knowledge of the matter said.
August 4, 2010 - Yuan Retreats From Three-Week High as Slowing U.S. May Damp China Exports - The yuan retreated from a three-week high and offshore currency forwards slipped on concern demand for the Asian nation’s exports will slow amid signs the U.S. economic recovery is losing traction. U.S. data released overnight showed that consumer spending, pending home sales and factory orders in the world’s largest economy were weaker than economists’ forecasts. China’s manufacturing expanded at the slowest pace in 17 months in July, while non-manufacturing activity accelerated, according to the Federation of Logistics and Purchasing. The dollar’s relative strength index against the yuan slid to 33.61, and a level below 30 would indicate the greenback is poised to rally.
August 2, 2010 - China Manufacturing Faces `Slowdown, Not a Meltdown' - China’s July manufacturing data were the weakest in more than a year as the government clamped down on property speculation and investment in polluting and energy- intensive factories.
August 1, 2010 - Chinese Manufacturing Grows at Slowest Pace in 17 Months as Economy Cools - China’s manufacturing grew at the slowest pace in 17 months in July as the government clamped down on property speculation and investment in energy-intensive and polluting factories. The Purchasing Managers’ Index fell to 51.2 from 52.1 in June, the Federation of Logistics and Purchasing said on its website today. That was less than the median forecast of 51.4 in a Bloomberg News survey of 15 economists. A reading above 50 shows an expansion.
July 31, 2010 - Shanghai Index Declines, Paring Biggest Monthly Gain in a Year on Earnings - China’s stocks dropped, paring the benchmark index’s biggest monthly advance in a year, on concern recent gains were excessive relative to earnings prospects.
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