Asia Top News and Analysis Shanghai

  • China's main stock index sank more than 3 percent to a fresh 16-month closing low on Tuesday, led by financial and property shares, on worries about rising interest rates and heavy supplies of shares from IPOs.

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    A rally is always something to get excited about, particularly after a market fall of around 50%. And that's exactly what Chinese stocks are experiencing at the moment. The Shanghai Composite Index is up 17% the past week. However a rally is not a trend change ...

  • Chinese stocks sank to a fresh 12-month low in tiny turnover on Tuesday, undermined by a continued slide in property shares.

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    Beijing has called for a halt to red-chip companies, or China-backed firms incorporated and listed in Hong Kong, listing their shares in Shanghai amid a weak mainland stock market, a Hong Kong newspaper reported on Monday.

  • China's insurance regulator, in draft regulations soliciting public comment, is moving to curb fundraising by insurers, requiring that they seek regulatory approval first, state media said on Tuesday.

  • China's Ping An Insurance will "prudently" consider the size and timing of its planned fund-raising after Beijing warned companies against big share sales, the Shanghai Securities News reported on Tuesday.

  • China has changed over the last quarter-century from a largely planned system closed to international trade to a major player in the global economy.

  • U.S. Web giant Yahoo will subscribe for 10% of the shares to be sold by China's largest e-commerce company, Alibaba.com, according to a term sheet, in an initial public offering that is expected to raise roughly $1 billion.

  • Shares in China Construction Bank, the country's No.2 bank by assets, jumped 33% in their Shanghai debut on Tuesday, as analysts predicted higher earnings growth compared with other big Chinese lenders.

  • China is expected to set up a long-delayed Nasdaq-style stock exchange next year, an industry official was quoted on Monday as saying.

  • Speculation is swirling that data on Thursday could show a spike in June inflation that would increase the chances of a fresh round of policy tightening, according to economists and market participants.

  • China Coal Energy said it would issue up to 1.525 billion class-A shares in a public offering of shares in Shanghai, raising funds to develop major coal related projects in China.

  • Shenhua Energy, China's top coal producer, said on Tuesday it is planning a Shanghai share listing that could raise up to US$6.3 billion to help acquire assets in China and overseas.

  • Most Chinese stocks fell on Thursday after Premier Wen Jiabao warned that authorities would tighten policy further to prevent the economy from overheating. But speculators continued pushing up many small-capital shares.

  • Rising prices, fast-growing incomes and wealth created by a record stock market rally propelled Chinese retail sales growth to a three-year high in May. China's National Bureau of Statistics said the value of retail sales in May was $93.87 billion, 15.9% more than a year earlier and handily beating forecasts of a 15.3% gain.

  • China's market watchdog has drawn up rules to allow non-mainland registered, Hong Kong-listed domestic firms -- known as red chips -- to list on the country's bourses, state-backed newspapers said on Friday.

  • A senior central banker urged investors on Wednesday to keep faith in China's turbulent share market, saying the government's policies were geared towards supporting a sound, rising trend.

  • The Chinese authorities decided to raise stock trading stamp duty to 0.3% starting on Wednesday from the current 0.1%, a move seen as a bid to clamp down on the overheated market.

  • The number of stock accounts in China has likely exceeded 100 million for the first time, as investors are lured to a market which has jumped 60% so far this year, the official ShanghaiSecurities News said on Tuesday.

  • Global hedge funds have invested as much as $50 billion into China's soaring stock markets, a development that regulators should monitor, according to a report by a mainland think-tank cited in Thursday's South China Morning Post.