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Oct 10- China shares edged up slightly on Wednesday led by brokers and oil producers for a second straight day on hopes that Beijing will take more market-boosting steps. The CSI300 index of top Shanghai and Shenzhen listings and the Shanghai Composite both rose 0.2 percent. Keywords: MARKETS HONGKONG CHINA STOCKS/ CLOSE.
*ZTE recovers after brokers recommend buying on weakness* China auto stocks rise on rural subsidy report By Vikram Subhedar. HONG KONG, Oct 10- China shares outperformed Asian peers and inched higher on Wednesday led by brokers and oil producers for a second straight day on hopes that Beijing will take more market-boosting steps.
SINGAPORE, Oct 10- Chinese steel futures rose to two-month highs on Wednesday, driven by hopes of more stimulus measures from Beijing to aid a slowing economy and backing further gains in iron ore prices that have leapt by more than 12 percent in the past two days. The most briskly traded rebar contract for January delivery on the Shanghai Futures Exchange.
SHANGHAI, Oct 10- China's key money rate plummeted on Wednesday as the cash from Tuesday's central bank fund injection hit the market and traders reported anaemic demand for liquidity. "Demand was pretty heavy yesterday, so the rate couldn't fall that much, but today no one is borrowing," said a trader at a joint-stock bank in Beijing.
SHANGHAI, Oct 10- Chinese newspapers available in Beijing and Shanghai carried the following stories on Tuesday. --The first round of fundraising will soon close for China's first buyout fund, run by a unit of CITIC Securities Co, after raising 3 billion yuan initially.
HONG KONG, Oct 10- These are some of the leading stories in Hong Kong newspapers on Wednesday. --China Galaxy Securities is set to include additional bookrunners in its dual listing in Hong Kong and Shanghai that could raise more than $1 billion as soon as the first quarter of next year, according to people familiar with the situation.
SHANGHAI, Oct 10- China is likely to initiate a new round of incentive policies to encourage vehicle purchases in rural areas as it seeks to boost consumption and support a slowing economy, the official China Securities Journal reported.
SHANGHAI, Oct 10- China's major insurance companies increased their combined stock holdings by more than 10 billion yuan over the last three trading days and will continue buying equities, the official Shanghai Securities News said on Wednesday.
-1100 First meeting of the fifth term Legislative Council. 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".
Oct 10- When one of Vietnam's richest and best-connected bankers was arrested in August, a move that sent the country's stock market tumbling, a little-known blog broke the news hours ahead of state media.
MIAMI-- Two-time NBA champion Dwyane Wade is signing with Chinese sportswear provider Li-Ning, which is giving the Miami Heat guard his own brand within the company along with plenty of creative and strategic input.
SHANGHAI, Oct 9- China Vanke Co Ltd, the country's largest real estate developer by sales, said its September sales fell 4 percent to 12 billion yuan from the same period a year ago.
SHANGHAI, Oct 9- China Molybdenum Co Ltd, backed by billionaire Yu Yong, nearly tripled on its Shanghai debut as investors deemed the stock to be undervalued after regulators ordered the company to scale back its offering to ease a glut of new issues.
*ZTE shares slump 5.6 percent, extend drop on U.S. Congress report. HONG KONG, Oct 9- China shares posted healthy gains on Tuesday and lifted Hong Kong markets to near a five-month high as hopes of more market-supporting measures from Beijing spurred rallies in large-cap banking and energy shares.
BEIJING, Oct 9- China's annual economic growth probably slowed for a seventh straight quarter in the July-September period to the weakest level since the depths of the global financial crisis, a Reuters poll showed, reinforcing the case for further policy stimulus.
HONG KONG, Oct 9- Hong Kong shares closed near a five-month high on Tuesday as hopes of more steps to support the market from Beijing spurred rallies in large-cap banking and energy shares in mainland markets.
*Firmer China steel prices, restocking lift iron ore. SINGAPORE, Oct 9- Spot iron ore prices climbed to their highest in almost two months 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.
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.