As U.S. fund managers increasingly look overseas to beat tepid growth at home, the rally in Chinese stocks is attractive.» Read More
Oct 9- China shares posted robust gains on Tuesday, with banks, brokers and large-cap energy shares rallying as investors returned to the market amid hopes of more steps to support the market. The CSI300 index of top Shanghai and Shenzhen listings ended the day up 2.2 percent while the Shanghai Composite rose 2 percent.
SHANGHAI, Oct 9- China Molybdenum Co Ltd, backed by Chinese billionaire Yu Yong, nearly tripled on its Shanghai debut after the company sold stock way below the indicative range- triggering a surge in bids and prompting a trading halt.
*Firmer China steel prices, restocking lift iron ore. SINGAPORE, Oct 9- Spot iron ore prices climbed to their highest in almost two months on Tuesday as steel mills from top buyer China snapped up cargoes to replenish stockpiles, encouraged by higher steel prices which also hit their loftiest since August.
*No RRR cut seen before Party Congress on Nov. 8. SHANGHAI, Oct 9- Liquidity eased slightly in China's money markets on Tuesday following a large cash injection by the central bank, but traders remained cautious about lending at tenors longer than one day.
HONG KONG, Oct 9- Hong Kong shares rose to a five-month high and China shares gained more than 2 percent in active trade on Tuesday, as hopes of more steps to support the market from Beijing spurred rallies in large-cap banking and energy shares.
A steady rise in home prices will, however, renew concerns about property inflation that could prompt Beijing to further tighten property controls in the run-up to a once-a-decade leadership transition this year.
SHANGHAI, Oct 9- China Molybdenum Co Ltd. China Molybdenum, a major Chinese producer of tungsten and molybdenum also listed in Hong Kong, opened at 8.70 yuan compared with its IPO price of 3.00 yuan. The company raised only 600 million yuan through its share offering in Shanghai, reflecting slack demand for resource-related firms amid a slowing economy.
SHANGHAI, Oct 9- The non-performing loan ratio for banks in China's entrepreneurial hub of Wenzhou has surged this year, official media reported on Tuesday, the latest sign of declining credit quality at Chinese banks amid a slowing economy.
SHANGHAI, Oct 9- Chinese newspapers available in Beijing and Shanghai carried the following stories on Tuesday. --China's Huawei Technologies Co Ltd denied a report that it plans to list on a U.S. stock exchange soon. --Lu Thai Textile Co Ltd said it had bought back 31.92 million B-shares in China as of Oct. 8.
TUESDAY, OCTOBER 9++ COMPANY RESULTS++-# Hang Seng Bank Ltd third interim dividend.++ AGM/SGM/EGM++. Empire Room 2, 1/ F, Empire Hotel. -1000-1100 News briefing by Amnesty International to launch report- "Standing Their Ground- rise in forced evictions in China".
RIGHT UJUMCHIN, China, Oct 9- On the remote grasslands of northeastern China, a politician little known in the West has made a name for himself as a rising leader.
MIAMI-- LeBron James is visiting China for the ninth time, which makes him one of the resident Miami Heat experts about the world's most populous nation. So maybe it's fortunate that the coming week won't exactly include a ton of free time for the Heat, who arrived in Beijing on Monday night for a weeklong trip.
Delta plans to add a flight between Seattle and Shanghai starting on June 17, 2013. Delta, which is based in Atlanta, is also proposing a flight between Seattle and Tokyo-Haneda, Japan, set to begin in March.
KUALA LUMPUR, Malaysia-- The National Bank of Abu Dhabi launched its commercial banking operations in Malaysia on Monday, and will also debut in Shanghai this week as part of its expansion in Asia.
KUALA LUMPUR, Malaysia-- The National Bank of Abu Dhabi has launched its commercial banking operations in Malaysia and will debut in Shanghai this week as part of its expansion in Asia.
HONG KONG, Oct 8- China's retail sales growth slowed during the Golden Week break, but demand was better than expected, and authorities provided a snapshot of increasingly important sources of demand in the world's second-largest economy.
*Focus on profits, not policy in China: JPM's Mowat* Tencent, AIA pull back from record highs. HONG KONG, Oct 8- Hong Kong shares snapped a five-session streak of gains on Monday as Chinese markets turned down after a week-long holiday on concerns growth in the world's second-largest economy could slow further.
HONG KONG, Oct 8- The following are some of the major companies planning initial public offerings and new listings on the Hong Kong stock exchange. Please contact Elzio Barreto at firstname.lastname@example.org or 2843-1608 to submit entries for this diary. JPMorgan, UBS---------------------------------------------------------------- Dec Mando China N/A N/A Deutsche Bank, 200 2012 Holdings.
*China slowdown may get worse and last longer- World Bank. SINGAPORE, Oct 8- Shanghai rebar steel futures rose nearly 2 percent on Monday to the highest in almost two months as Chinese traders returned from a week-long break armed with hopes demand in the world's top consumer will pick up as the economy stabilises.
Oct 8- China shares ended lower on Monday after a week-long holiday on worries about economic growth, and on reports that regulators had resumed approvals for initial public offerings. The CSI300 index of the top Shanghai and Shenzhen listings fell 1 percent while the Shanghai Composite closed down 0.6 percent. Keywords: MARKETS HONGKONG CHINA STOCKS/CLOSE.