Taimur Baig, Chief Economist, Asia, Deutsche Bank, explains his bullish call and says markets are underestimating the bounce China will see from exports and de-regulation.» Read More
HONG KONG, Dec 12- Hong Kong shares sank to their lowest in almost four weeks on Thursday, with the Chinese property sector hit by worries about China's 2014 growth target and continuing speculation the U.S. The Hang Seng Index ended down 0.5 percent at 23,218.1 points, while the China Enterprises Index shed 1 percent.
HONG KONG, Dec 12- China shares lingered at their lowest in more than two weeks on Thursday, as weakness in the finance and mining sectors offset strength in pharmaceutical and information technology counters. The CSI300 of the leading Shanghai and Shenzhen A-share listings closed down 0.1 percent at 2,410 points, its lowest closing since Nov. 26.
HONG KONG, Dec 12- Shares in China Cinda Asset Management Co Ltd surged as much as a third in their trading debut on Thursday, marking a major success for China's first listing of a bad debt management firm and boding well for other potential IPOs in the sector.
TAIPEI, Dec 12- Apple Inc on Thursday said it sent medical experts to contractor Pegatron Corp's Shanghai factory last month after a 15- year-old employee died of pneumonia.
*Cinda Asset Management soars in Hong Kong debut. HONG KONG, Dec 12- Hong Kong shares sank to their lowest in almost four weeks on Thursday, with mainland markets also sluggish, on worries over China's 2014 growth target and continuing speculation the U.S.
HONG KONG, Dec 12- China's yuan fell against the dollar on Thursday as investors betting on yuan appreciation moved to take profits toward year-end, while "hot money" inflows appeared to be dampened by Chinese regulators. Traders say the upward trend of the Chinese currency remains intact, however, given China's good economic fundamentals and trade surplus.
HONG KONG, Dec 12- Shares in China Cinda Asset Management Co Ltd surged as much as 24 percent in their trading debut on Thursday, boosted by heavy demand from retail investors- a major success for China's first attempt to list one of its four bad debt managers.
Beginning Jan. 1, pilots flying from the country's 10 busiest airports into the Chinese capital must be qualified to use an instrument landing system on days when smog reduces visibility to around 400 metres, the official China Daily said, citing China's civil aviation regulator.
HONG KONG, Dec 12- China Cinda Asset Management Co Ltd is set to rise 23 percent in its Hong Kong trading debut on Thursday, after raising $2.5 billion in the biggest initial public offering for the Asia-Pacific region this year.
BEIJING, Dec 12- The day before China's Communist Party published one of its most important policy statements in a decade, a copy of the reform plans was already circulating on Chinese social media.
*Moves in Europe, Australia clear the decks for new CEO Barra. DETROIT, Dec 11- With General Motors Co in recent days setting in motion big changes around the globe, the focus for new Chief Executive Mary Barra and her team will be making cars and trucks that prove popular enough to help end losses in Europe, analysts said.
*Peugeot board approves French-backed Dongfeng plan- source. *Peugeot hopes to conclude deal in Jan-Feb- source.
*China 2013 corn output seen record high-CNGOIC. BEIJING, Dec 11- China has blocked the entry of another U.S. corn cargo, and three more may be turned away, after tests found a strain of unapproved genetically-modified corn.
CNBC's Bob Pisani reports on what's moving in the markets and why the Chinese IPOs are hot.
CNBC's Bob Pisani reports Autohome has opened for trading, and explains what the company does and how they make money.
*Spot Q1 premiums could hit 5- year highs of $250- 280/ T. HONG KONG/ SINGAPORE, Dec 11- Copper users in top consumer China are braced to pay higher premiums to procure metal and global exchange stocks have slumped to five-year lows, flagging tight supply that some traders expect to stretch out into next year.
SHANGHAI, Dec 11- China is seeing a resurgence of "hot money" seeking to cash in on the rallying yuan and record-high interest rates, contributing to distortions in its trade data as speculators move money through regulatory loopholes. The return of distorted trade figures is unlikely to be welcomed by the People's Bank of China, although it is facing a dilemma.
*European shares, dollar flat after Asia, Wall Street slip. LONDON, Dec 11- Financial markets gave a cautious thumbs-up on Wednesday to a provisional budget deal that could prevent the U.S. government from shutting down in the coming months. News that U.S. budget negotiators had reached a two-year agreement couldn't overcome the year-end blues in Asia.
SHANGHAI, Dec 11- The price gap between bitcoins trading in Chinese yuan and those sold for other currencies has evaporated in recent days, highlighting the porous nature of China's capital controls.
Banks made 624.6 billion yuan worth of new yuan loans in November, higher than a forecast of 590 billion yuan and well above the previous month's 506.1 billion yuan, data released on Wednesday by the People's Bank of China showed.