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China's bear market stocks to rebound, Templeton says: China's Shanghai Composite Index, the first of the 10 biggest benchmark measures to enter a bear market this year, will rebound as a surge in exports lowers the risk of a slump in economic growth, according to Franklin Templeton's local fund management unit. The index rose 0.3 ...

China shares hit 11-month low on overheating fears: SHANGHAI - Chinese shares hit an 11-month low Tuesday after higher April inflation sparked investor fears of more credit tightening.The benchmark Shanghai Composite Index lost 51.18 points, or 1.9 percent, to close at 2,647.57 - its lowest level since last May 27. The Shenzhen ...

Yuan recovers against dollar in offshore forwards: SHANGHAI - The yuan rebounded strongly against the dollar in the offshore forwards markets on Monday after the European Union and the IMF agreed on a $1 trillion emergency rescue plan to protect indebted eurozone countries. The deal sparked a 1 percent drop in the dollar index ...

China UnionPay cards accepted in more Canadian ATMs: BEIJING - China's bankcard association, China UnionPay (CUP), announced Tuesday that all 2,600 ATM machines of Canada' s Scotiabank have begun accepting CUP cards in Canada.This puts the total number of ATM machines that accept CUP cards to 15,000 in Canada, with the heaviest ...

Yuan hit record high against USD Monday: BEIJING - The central parity rate of the yuan, China's currency Renminbi (RMB), stood at 6.7718 per US dollar Monday, a new record high, according to the data released by the China Foreign Exchange Trading System. China's central bank announced on June 19 that it would further ...

China shares rise 2.3% on Friday: SHANGHAI: Chinese shares rebounded Friday after the central bank reaffirmed loose monetary policy, ending the week up by 3. 7 percent. [China reaffirms yuan stance, loose monetary policy] The benchmark Shanghai Composite Index gained 55.77 points, or 2.3 percent, to close at 2...

China shares fall on reaffirmed property curbs: SHANGHAI - Chinese shares fell Tuesday, led by real estate after the government said it has no plans to ease curbs on development. The benchmark Shanghai Composite Index lost 40.43 points, or 1.62 percent, to close at 2,450.29. The Shenzhen Composite Index declined by 1.58 ...

Long march of China's currency yuan: BEIJING - Ge Yafang, who runs a textile company in eastern China's Jiangsu province, always says her destiny was changed by the reform of China's exchange rate policy. Ge, president of the Black Peony Co, said the company was "forced" to shift to a technology-driven operation ...

China should widen yuan's float: PBOC researcher: BEIJING - China should let the yuan float within a wider range in a gradual process over the next five years, an official at a local branch of the central bank said in comments published on Thursday. Wang Yong, with the central bank's training school in Zhengzhou, Henan province, ...

China must hasten bond market reform: PBOC adviser: SHANGHAI - China must speed up reform of its opaque bond market as soon as possible to help accelerate the development of its financial sector, a central bank adviser said on Tuesday. Xia Bin, one of three academic advisers on the People's Bank of China's monetary policy ...

China's stocks may rise 17% in H2 on faster growth, Shenyin says: China's stocks, Asia's worst performer this year, may rise 17 percent in the second half because the government won't step up measures to rein in economic growth, according to Shenyin & Wanguo Securities Co. The benchmark Shanghai Composite Index may rebound to the 3,000 level as ...

Yuan shift won't make stocks better buys: Mobius: SINGAPORE - China's decision to end its currency peg to the dollar hasn't made the country's stocks more attractive because any gain in the yuan is likely to be limited, according to Templeton Asset Management Ltd's Mark Mobius. The Shanghai Composite Index had gained the past ...

Yuan rises to 5-year high against dollar: BEIJING - The yuan rose to its highest level against the US dollar in five years on Tuesday after China's central bank vowed to make the currency regime more flexible. The central parity of the RMB to the US dollar climbed to 6.7980 on Tuesday, 0.43 percent higher than 6.8275 on ...

Mainland, HK equities rally: SHANGHAI - Mainland stocks rallied the most in almost a month, led by banks, airlines and property companies, on the prospect that a stronger yuan will tame inflation and reduce the need for interest-rate increases. "An appreciation in the yuan will reduce inflationary pressures ...

Markets rally on yuan policy: Currency strongest in years, impact on global economy 'still unclear' BEIJING - Stocks worldwide and oil prices rose on Monday after China's central bank pledged to make the yuan more flexible, but analysts said the policy's effect on the Chinese and global economy was still ...

China's stocks rise Monday on RMB exchange rate flexibility announcement: BEIJING - Chinese equities rose on Monday as the Chinese government said over the weekend that it would allow greater flexibility in the yuan's exchange rate. The benchmark Shanghai Composite Index gained 2.9 percent to close at 2,586.21. The Shenzhen Component Index rose 3.44 ...

Equities decline as growth concerns mount-June 28: SHANGHAI - Mainland equities declined for a fourth day, sending the benchmark index to its longest losing streak in two months, on concern a stronger yuan and flooding in the southern region will slow economic growth. "There is uncertainty over economic growth this year as ...

ABC to announce pricing of A shares today: Agricultural Bank of China Ltd is scheduled to release a statement later today on the pricing for its initial public offering in Shanghai. The bank is selling as much as $11.4 billion of stock in the Hong Kong portion of the sale, according to a filing to Japan's Ministry of ...

China stocks to rebound 25% in H2: CITIC: China's stocks may rebound in the second half of the year as slowing inflation and falling property prices dispel investor concerns of increased tightening measures, CITIC Securities Co said. The Shanghai Composite Index may climb above 3,000 this year, CITIC Securities ...

Chinese shares good buy as rally beckons: LONDON - The Chinese mainland, which has the worst-performing stock market after Greece, looks like a buy by almost any measure, according to top-ranked analysts of the Asian nation's shares. The Shanghai Composite Index's 27 percent plunge this year, including Tuesday's 4.3 ...

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China's reform leading group holds first meeting: BEIJING, Jan. 22 (Xinhua) -- China's leading group for overall reform ...

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