Icbccss&p500usd Discussion Threads

[jonny flame] 15/10/2010 14:03

Can anyone help, I am looking at Chinese AIM listed stocks and have so far come up with the following list of shares;

CWO, CFC, CHNS, FTO, SORB...

Any others?

[briarberry] 15/10/2010 09:43

China Shanghai Composite ends up 3.2% at 2,971.16

[briarberry] 14/10/2010 14:50

More than one quarter of loans to Chinese local government are at risk of default, according to a report.

About two trillion yuan ($300bn; £187bn), or 26% of the 7.66tn in loans to local authority financing vehicles, is at risk says state media.

The figures, published in the official China Securities Journal (CSJ), were slightly higher than prior estimates which put 23% of these loans at risk.

[briarberry] 13/10/2010 11:02

Bank regulator hits out at speculators

Beth Ye - Wednesday, October 13, 2010

China Banking Regulatory Commission chief Liu Mingkang said intervention is necessary to curb speculation in the mainland property market.

And instituting financial policies and imposing property taxes to curb speculation does not amount to suppressing the property industry in the mainland, the regulator told CCTV.

...average selling prices in Beijing, Shanghai, Guangzhou and Shenzhen in August rose 10.6 percent, 9.54 percent, 7 percent and 6.9 percent, respectively, from a month ago, data from property agencies showed.

[briarberry] 12/10/2010 10:14

Low interest rates will help reduce financing costs of the companies, but at the same time, the negative rate will further enhance inflationary expectations.

China's state-run media Xinhua News Agency yesterday sounded a warning in a report saying the current negative interest rates may feed the country's house prices bounce, a rare move of the country's mouthpiece after it posted strong August CPI, the main gauge of inflation, which increased at a record high rate of 3.5 from a year earlier.

Compared with the 3.5 percent hike in CPI, Chinese banks deposit interest rate was kept unchanged at around 2.25 percent during the same period. The return on deposits keeps dipping since the starting of the year.

[briarberry] 08/10/2010 18:15

Shanghai authorities have imposed limits on home buying in an attempt to cool the city's property market.

Families in Shanghai will temporarily be allowed to buy only one more home, and banks must restrict mortgages.

It follows moves by the central government to curb property speculation on the back of big price rises.

[briarberry] 03/10/2010 23:09

Chinese Premier Wen Jiabao says his country will continue to support both the euro and European government bonds.

"I have made clear that China supports a stable euro," he said.

[briarberry] 01/10/2010 12:32

Expansion of China's manufacturing sector picked up speed in September, according to official data.

The purchasing managers' index rose to 53.8, its highest level since May, up from 51.7 in August and beating expectations of a reading of 52.

[briarberry] 30/9/2010 15:32

The US House of Representatives has backed legislation that would pave the way for trade sanctions on China.

The Democrat-backed bill passed by 348 to 79, and targets countries that hold down the value of their currencies, as many accuse China of doing.

[briarberry] 20/9/2010 12:43

Another nail in the dollar...

Malaysia's central bank has bought renminbi-denominated bonds for its reserves, marking a significant advance for Beijing's attempts to internationalise the use of its currency, pitched by Chinese policymakers as a long-term rival to the US dollar.

The central bank's move is also expected to herald further diversification into Chinese government securities by other Asian countries. "This brings the renminbi's credibility to a whole new level," said Dariusz Kowalczyk, a Hong Kong-based strategist at Crédit Agricole.

"It will have a domino effect, starting among China's trading partners in Asia. Then it will gradually spread globally."

[briarberry] 11/9/2010 15:41

New lending in China rebounded in August and expansion of the money supply unexpectedly accelerated, reflecting strong demand for credit in the world's fastest-growing major economy.

Banks extended 545.2 billion yuan ($80 billion) of new local-currency loans last month compared with 532.8 billion yuan in July, the People's Bank of China said on its website today. That was the first acceleration in four months and compared with the median forecast of 500 billion yuan in a Bloomberg News survey of 26 economists. M2, the broadest measure of money supply, grew 19.2 percent from a year earlier, the first pickup in nine months.

...
The figures may also reflect the fact that banks can't move some of their lending off balance sheet due to the tightening in bank-trust products."

China last month ordered banks to put loans linked to wealth management products provided by trust companies back onto their balance sheets to reflect the risks they could face in the event of default. Regulators said lenders were using trust companies to circumvent credit curbs.

...
Consumer prices rose 3.5 percent in August from a year earlier, the most since October 2008, driven by higher food costs.

[briarberry] 08/9/2010 10:35

China's attempts to cool the real- estate market may be faltering as sales surge, prompting speculation the government may issue more tightening measures.

Housing transactions in cities including Shanghai jumped in August from July, according to real-estate data providers. China Vanke Co., the nation's biggest developer, said sales increased 149 percent from a year earlier. Government property data is due to be released as soon as Sept. 10.

[briarberry] 31/8/2010 10:07

Shares in the iPhone manufacturer Foxconn International have fallen almost 8%, a day after the company reported heavy losses.

The Taiwanese firm, which makes handsets for names including Apple and Nokia, reported a net loss of $143m (£93m) for the first half of the year.



Foxconn is part of Hon Hai Precision, the world's largest maker of consumer electronics.
It is one of the biggest employers in China.

[briarberry] 27/8/2010 18:14

Chinese Doubt Official Price Data

Lydia Wang, a 28-year-old marketing manager in Shanghai, gripes that the shoes and clothing she normally buys are at least 50 percent pricier than in 2009. Wu Sengyun, a 54-year-old retiree in the coastal city of Ningbo, Zhejiang, says prices of fruit and fish are up more than 20 percent in the past year.

Willy Lin has cut back on free drumsticks in the canteen of his Jiangxi clothing factory as meat and vegetables grow dear. "The workers suffer," he says. "Everybody is crying."

Officially, China's consumer price inflation topped out at 3.3 percent in July compared to a year before, a 21-month high.

...
Consumers, investors, analysts and academics interviewed by Bloomberg BusinessWeek in its Aug. 30 issue beg to differ.

"There has been a jump in prices that isn't reflected in the numbers," said Chinese Academy of Social Sciences economist Yu Yongding, a former adviser to China's central bank.

...
Ordinary Chinese have yet to see increases in their housing, education, and medical expenses reflected in the official numbers, these analysts said.

"Inflation could well be 6 percent now for most people in China," Peking University's Pettis said.

[briarberry] 27/8/2010 16:57

Banks back switch to Renminbi for trade

A number of the world's biggest banks have launched international roadshows promoting the use of the renminbi to corporate customers instead of the dollar for trade deals with China.

HSBC, which recently moved its chief executive from London to Hong Kong, and Standard Chartered, are offering discounted transaction fees and other financial incentives to companies that choose to settle trade in the Chinese currency.

[briarberry] 10/8/2010 10:10

China's import growth slowed in July, which economists are seeing as a sign that the country's rapid economic expansion is cooling.

Imports climbed by 22.7% compared with a year ago to $116.8bn, well below the 53% expansion seen in June.

However, exports rose by 38.1%, from June's 35.2%, as China's trade surplus increased.

There are worries that if China's demand for imports slows it could hinder the global economic recovery.

[briarberry] 09/8/2010 23:39

China's industrial output growth may have weakened in July as the government shuttered energy- intensive factories, highlighting how environmental goals risk damping growth just as export orders soften.
...

The industry ministry yesterday named 2,087 companies in 18 industries including steel, aluminum and cement that have been ordered to shut outdated facilities by the end of next month. Failure to meet the deadline will incur penalties that may include a suspension of power supplies and lending, according to a statement posted on the website of the Ministry of Industry and Information Technology yesterday.
...

The Communist Party's Politburo, chaired by President Hu Jintao, said July 22 that the government will continue to focus on energy-efficiency and reducing pollution.

[briarberry] 04/8/2010 10:22

What do they know ??? Or maybe they just like yellow shiny metal ? :)


BEIJING-China said it will let more banks import and export gold, the government's clearest signal yet that it plans to increase the country's presence in the global gold market.

China, the world's biggest producer and consumer of gold, has increased gold imports in recent years as the central bank has boosted gold reserves and as domestic interest in gold investment has grown.

[briarberry] 02/8/2010 12:51

Hot political summer as China throttles rare metal supply and claims South China Sea

The United States and Europe have been remarkably insouciant about supplies of rare earth minerals so crucial to frontier technologies, from hybrid engines to mobile phones, superconductors, radar and smart bombs.

[briarberry] 01/8/2010 22:10

China's New high speed railway...

China's leaders started by demanding that any foreign company bidding for a part of the massive proposed high-speed programme to share its technology with a Chinese partner.

The Japanese engineering giant Kawasaki accepted this condition. A pioneer of high-speed rail, with almost half a century of development to its name, Kawasaki agreed to share its knowledge with CSR.

Siemens of Germany struck a similar deal with another Chinese train-maker.

With access to foreign know-how secured, the government then provided an army of 10,000 engineers and academics to create a Chinese train, Mr Zhao explains.

They did it, he says, in less than three years.
...
This year, CSR supplanted Siemens as lead contractor on a new 440 kilometre high-speed line in Saudi Arabia.
...
Under a new proposal, "indigenous innovation", foreign companies bidding for Chinese government contracts will not only have to share existing know-how.

They will also be required to conduct any new research and development work in China.

"For some companies, that could actually put them out of business."