Asia Top News and Analysis Shanghai

  • Stock markets in Hong Kong and China led the gains. "Trump's comments on the dollar has helped relieve downward pressure on the renminbi and on Chinese equities and we have seen a steady pick up in capital flows from mainland investors into Hong Kong stocks," said Alex Wong, a portfolio manager at Ample Capital with $100 million in assets under management.

  • BEIJING, Jan 18- Growth in China's home prices moderated slightly in December as local governments stepped up curbs to tame speculation which some fear is fuelling a property bubble. The price moderation will come as something of a relief to China's leaders as they wrestle with economic targets for 2017.. But after 2016' s record surge in China's nationwide home...

  • BEIJING, Jan 18- Average new home prices in China's 70 major cities rose 12.4 percent in December from a year earlier, slowing slightly from a 12.6 percent increase in November, an official survey showed on Wednesday. Shenzhen, Shanghai and Beijing prices rose 23.5 percent, 26.5 percent and 25.9 percent, respectively, from a year earlier. Monthly growth in Shanghai...

  • SHANGHAI, Jan 18- China's efforts to support its currency and cool its hot property market are encouraging more Chinese companies, including many state firms, to take on extra cost and risk by raising foreign-currency bonds in Hong Kong and other offshore locations. The list includes issuers who need dollars to pay for overseas acquisitions and deals but are...

  • LAUNCESTON, Australia, Jan 17- The new year has started with something familiar from the last- a bubble in Chinese iron ore and steel prices. The most-traded iron ore contract on the Dalian Commodity Exchange leapt by as much as 8 percent on Monday, in the process reaching a three-year high of 657.5 yuan a tonne. Full-year figures are not yet available, but China's...

  • *Foreign-invested firms to be allowed to list in mainland China. China will lower restrictions on foreign investment in banking, securities, investment management, futures, insurance, credit ratings and accounting sectors, the State Council said in a statement posted on its website. China will keep its door wide open and not close it, Xi told the World Economic...

  • *Foreign-invested firms to be allowed to list in mainland China. BEIJING, Jan 17- China's State Council, the country's Cabinet, issued on Tuesday new measures to further open the world's second-largest economy to foreign investment, including easing restrictions on investment in banks and other financial institutions. The move comes as President Xi Jinping...

  • BEIJING, Jan 17- China's State Council on Tuesday issued new measures to further open the world's second-largest economy to foreign investment. China will lower restrictions on foreign investment in banking, securities, investment management, futures, insurance, credit ratings and accounting sectors, the Cabinet said in a statement posted on its website.

  • *May to outline Britain's EU exit plan amid "hard Brexit" fears. TOKYO, Jan 17- The pound hovered near three-month lows versus the dollar on Tuesday and stocks were mostly weaker as investors waited for British Prime Minister Theresa May to lay out plans to exit the European Union amid fears Britain will lose access to the single market. Speadbetters forecast a...

  • LAUNCESTON, Australia, Jan 17- The new year has started with something familiar from the last- a bubble in Chinese iron ore and steel prices. The most-traded iron ore contract on the Dalian Commodity Exchange leapt by as much as 8 percent on Monday, in the process reaching a three-year high of 657.5 yuan a tonne. Full-year figures are not yet available, but China's...

  • SHANGHAI, Jan 17- China's yuan firmed slightly against the dollar on Tuesday, buoyed by its firmer offshore counterpart and as corporates eased off heavy dollar purchases this week. The People's Bank of China set the midpoint rate at 6.8992 per dollar prior to market open, weaker than the previous fix 6.8874. The market was also awaiting clearer direction on the...

  • *Cadillac to launch more products in China ahead of other regions. BEIJING, Jan 17- General Motors Co's Cadillac expects sales in China to continue growing at a double-digit rate this year, but at a slower pace than in 2016 when volumes saw a sharp spike after the brand opened its first dedicated factory in the country. Cadillac, relatively late to introduce local...

  • Xi, on a state visit to Switzerland before a keynote speech at the World Economic Forum in Davos, said China's economy, with growth expected at 6.7 percent in 2016, was entering a "new normal", and Swiss firms could help it improve quality, and become more efficient, equitable and sustainable. "In terms of intellectual manufacturing, finance, insurance, energy...

  • *Sterling falls sharply day before speech from UK PM May. *European shares fall, FTSE's record rally under threat. LONDON, Jan 16- Investors bailed out of sterling and stock markets in Europe and Asia on Monday, seeking shelter in gold and the Japanese yen as uncertainty over the terms of Britain's divorce from the European Union undermined appetite for risky...

  • *London copper slips after rising over 5 pct last week. *Indonesia nickel ore export policy in focus. SYDNEY, Jan 16- London copper prices eased on Monday as some investors took profits following hefty gains last week on the back of strong economic data from the United States and China.

  • *China regulator approves changes in JV's articles of assn. HONG KONG, Jan 16- Morgan Stanley has received China securities regulator's approval to boost its stake in its Chinese securities venture to 49 percent, said a person with direct knowledge of the matter, making it the first foreign bank to get such a nod. The confirmation came after the Shanghai office of...

  • HONG KONG, Jan 16- Morgan Stanley has received China securities regulator's approval to boost its stake in its Chinese securities venture to the maximum permissible 49 percent, a person with direct knowledge of the matter said, making it the first bank to get such a nod. The confirmation came after the Shanghai office of the China Securities Regulatory...

  • SHANGHAI, Jan 16- China's yuan firmed against the dollar on Monday as the greenback softened in global markets, with traders nervously awaiting U.S. Trump told the Wall Street Journal he will not label China a currency manipulator on his first day in office on Friday, as he had pledged during the election campaign. The People's Bank of China set the midpoint rate at...

  • *Indonesia nickel ore export policy in focus. SYDNEY, Jan 16- Copper prices rose on Monday, extending hefty gains from last week on the back of strong economic data from the United States and China. Customs figures on Friday showed China shipped in a record 4.95 million tonnes of copper in 2016, while U.S. data revealed broad retail sales in that country climbed in...

  • BEIJING, Jan 15- Economic growth in some of China's largest cities is expected to have slowed in 2016 and will continue to decelerate in 2017, according to official estimates issued on Sunday. The world's second-largest economy likely grew by around 6.7 percent last year- roughly in the middle of the government's target range- but it faces increasing...