As U.S. fund managers increasingly look overseas to beat tepid growth at home, the rally in Chinese stocks is attractive.» Read More
*Hong Kong indexes down on consolidation, caution. SHANGHAI, Nov 25- Shanghai's stock index reached a multi-year high on Tuesday as investors remained optimistic that China shares will get more policy support following the central bank's surprise cut in lending rates. However, Hong Kong shares were down at midday.
*Oil regains some lost ground ahead of OPEC meeting. NEW YORK, Nov 24- U.S. stocks opened higher on Monday, extending a global equity rally in Asia and Europe fueled by merger activity and signals that central banks were willing to step further into the economic breach to support growth and inflation. European Central Bank President Mario Draghi also looked to be...
*OPEC to meet in Vienna on Nov. 27. *Producers split over possible OPEC output cuts. The decision came ahead of a key meeting of OPEC to discuss production in response to a collapse in oil prices.
*Sources say China ready to cut rates again. LONDON, Nov 24- Copper prices slipped on Monday, reversing hefty gains from the previous session which followed China's surprise interest rate cut, as investors focused on the uncertain outlook for metals demand from the world's top consumer. Three-month copper on the London Metal Exchange was down 0.5 percent at...
*Sources say China ready to ease further after rate cut. LONDON, Nov 24- World stock markets ground their way higher on Monday after a frenetic round of activity at central banks in Asia and Europe showed they are willing to do more to support economic growth and higher inflation. European Central Bank chief Mario Draghi also looked to be clearing the way for the...
*Final day of talks on Iran nuclear programme. *OPEC to meet in Vienna on Nov. 27. LONDON, Nov 24- Brent crude oil stabilised around $80 a barrel on Monday as world powers met in Vienna for the final day of talks on Iran's nuclear programme ahead of a key meeting of producer group OPEC to discuss production.
*OPEC to meet in Vienna on Nov. 27. SINGAPORE, Nov 24- Brent crude futures rose above $80.50 a barrel on Monday ahead of a meeting of the producer group OPEC at which an output cut will be discussed, while China's move to lower interest rates late last week also underpinned prices. Asian markets rallied on Monday with shares in Shanghai hitting three-year highs as the...
The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 2.65 percent, to 2,649.26 points, its highest close since Feb 2013. Among the most active stocks in Shanghai were China State Construction, up 5 percent to 4.00 yuan; CITIC Securities, up 6.23 percent to 16.54 yuan; and Poly Real Estate, up 10.03 percent to 6.47 yuan. In Shenzhen, China Vanke...
This episode of "Inside China" takes a look at the buzz in Shanghai, China's financial capital, after the start of a historic stock connect program.
China's electric vehicle sales surged five-fold in the first 10 months of 2014, raising concerns over potential over-investment from from local governments.
The Shanghai-Hong Kong stock exchange link is a "very big deal," strategist John Rutledge said. Here's how he'd play it.
David Stevenson, head of business management at Baring Asset Management, says the Hong Kong-Shanghai Connect program is "one of many steps" the Chinese government is taking to open up its economy.
Nicholas Studholme-Wilson, VP and Senior Research Analyst at Sun Hung Kai Financial, says southbound trade looks interesting as the H-share market still offers opportunities for long-term investors.
Charles Li, CEO of Hong Kong Exchanges & Clearing, discusses the high levels of northbound trade on Monday morning after the launch of the Shanghai-Hong Kong stock connect.
Mark Konyn, CEO at Cathay Conning Asset Management, says the stock connect indicates that reforms remain on track and Beijing is willing to open China's capital account further.
Joseph Sullivan, Chairman & CEO of Legg Mason, says the Shanghai-HK trade link reflects China's reform strategy which will facilitate integration of the mainland into the global capital market.
The bourse linkup is "the beginning of the end of China's capital control" that will eventually lead to "one country one market," says Steven Sun, Head of China Equity Strategy at HSBC.
Erwin Sanft, Head of China & HK Equity Research at Standard Chartered, weighs in on the debate whether the HK-Shanghai trade link could erode the former's position as the financial gateway to China.
KC Chan, Hong Kong's Secretary for Financial Services and the Treasury, explains why the trade link, which is set to debut next Monday, will benefit both parties.
When the landmark Hong Kong-Shanghai equity link debuts on Monday, hedge funds are expected to plunge into mainland shares.