(Bloomberg) — Chinese stocks fluctuated in early Monday trading as investors assessed the potential impact of the support measures announced by the finance ministry over the weekend. Most Read from Bloomberg The CSI 300 Index swung between a gain of 1.7% and a loss of 0.5%. It capped its worst week since late July on…
(Bloomberg) — China’s highly anticipated Finance Ministry briefing on Saturday lacked the firepower that equity investors had hoped for, indicating that the volatility that’s gripped the market following a world-beating rally will likely extend. Most Read from Bloomberg While Finance Minister Lan Fo’an promised more support for the struggling property sector and hinted at greater…
China’s central bank is moving ahead with a 500-billion-yuan swap facility to let securities, fund and insurance firms get liquid assets for their stock purchases. The establishment of the roughly $70.60 billion facility is part of a broader stimulus package introduced late last month by People’s Bank of China Gov. Pan Gongsheng to revive the…
Hong Kong and Chinese stocks both rebounded from sell-offs after China’s central bank kicked off a US$70 billion financing facility to fund institutional buying and traders bet on more fiscal stimulus to shore up growth. The Hang Seng Index jumped 4.2 per cent to 21,508.37 at the noon break, set to snap a two-day, 11…
(Bloomberg) — Chinese stocks whipsawed amid heavy volumes in Thursday’s morning session as traders awaited the outcome of the government’s planned briefing on fiscal policy due Saturday. Most Read from Bloomberg The CSI 300 Index was down 0.3% as of 10:20 a.m. local time, reversing an earlier gain of as much as 2.2%. The benchmark…
(Bloomberg) — A rally in onshore Chinese stocks on their return from a week-long holiday cooled as traders questioned Beijing’s resolve to add more stimulus. Shares in Hong Kong tumbled. Most Read from Bloomberg The benchmark CSI 300 Index ended the morning session up 6.1% after surging almost 11% in the opening minutes. That was…
(Bloomberg) — Goldman Sachs Group Inc. upgraded its call on Chinese stocks to overweight, as it joined a camp of optimists that are touting the positive impact of Beijing’s stimulus blitz. Most Read from Bloomberg Gauges tracking the nation’s equities may rise another 15%-20% if authorities deliver on policy measures, strategists including Tim Moe wrote…
(Bloomberg) — Chinese stocks’ rally stretched further, as talks of a fiscal stimulus boost turned early skeptics of the government’s support into believers. Most Read from Bloomberg The CSI 300 Index rose more than 2.5% on Friday, making the week’s 13% gain so far the most since 2008. The broad rally was driven by about…
The People’s Bank of China (PBOC) plans to set up a swap facility that would give non-bank financial institutions access to at least 500 billion yuan (US$71 billion) in funding to buy shares, in a surprise move aimed at stabilising the stock market. However, some analysts called for more drastic action to shore up investor…
(Bloomberg) — China is weighing plans for a stock stabilization fund, and will unleash at least 800 billion yuan ($113 billion) of initial liquidity support for its beleaguered equity market. Mainland and Hong Kong shares jumped. Most Read from Bloomberg The People’s Bank of China will set up a swap facility allowing securities firms, funds…