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Shanghai share index rallies to 12-month high following quarterly economic data indicating growth upswing

China’s stocks climbed for a second day, sending the benchmark gauge to a one-year high, as the economy grew at a pace topping analysts’ estimates, strengthening evidence of a firmer recovery in full swing.The Shanghai Composite Index rose 0.3 per cent, or 9.52 points, to 3,263.12 at the close on Wednesday, finishing at the highest level since March 22, 2018. Carmakers paced the gains on expectations that the government will unveil plans that will ease license controls and encourage the… Source link

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Shanghai’s benchmark stock index rises to a 12-month high, buoyed by an unexpected pickup in China’s services industry

An investor at a stock exchange in Nanjing, capital of east China’s Jiangsu province on March 4, 2019. Contrary to global conventions, China’s stock market denotes gains and advances in red, and represents losses and declines in green. Photo: Xinhua Source link

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Inclusion of Chinese bonds in Bloomberg Barclays index to spur trading via HKEX connect scheme

Turnover in Chinese bonds traded through the Hong Kong Exchanges and Clearing’s bond connect scheme is set to rise further after yuan-denominated bonds were included in a widely tracked global bond index.The inclusion of Chinese government bonds and bank securities in the Bloomberg Barclays Global Aggregate Bond Index was announced on February 1, but it came into effect on April 1.On Monday, turnover of Chinese bonds traded through the bond connect scheme rose to 7.8 billion yuan (US$1.16… Source link

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China 

Can China’s bond inclusion on the Bloomberg Barclays Global Aggregate Index save its slowing economy?

The inclusion of yuan-denominated bonds for the first time on one of the most followed global benchmark indices on Monday comes at a critical juncture of China’s economy.Chinese government and policy bank bonds are being added to the Bloomberg Barclays Global Aggregate Index over a 20-month period, a move that analysts predict will draw around US$150 billion of investment into China.China sorely needs to finance its slowing economy especially since its current account, an important indicator of… Source link

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The inclusion of China’s yuan bonds in global bond index is the start of a game-changing shift in global investment patterns

In 1980, sponsors of China’s Yizheng Chemical Fibers desperately needed capital to build a large-scale chemical fibre plant. State-owned financial institutions were unable to help. Having nowhere else to turn onshore, Yizheng issued a US$50 million bond overseas to raise funds, becoming the first Chinese enterprise in the modern era to tap the international bond market. Nearly 40 years on, Chinese issuers don’t have to venture overseas to attract foreign capital; investors are coming to China… Source link

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Vietnam 

Quảng Ninh tops competitive index again – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — The northern coastal province of Quảng Ninh topped the Provincial Competitive Index (PCI) out of 63 provinces and cities nationwide for the second consecutive year in 2018. In the PCI 2018 report, released on Thursday by the Việt Nam Chamber of Commerce and Industry (VCCI) and the US Agency for International Development (USAID), the city earned the top score of 70.36 points on a 100-point scale. Quảng Ninh topped the annual ranking for the first time last year. The PCI…

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Hong Kong to launch MSCI China A-share Index futures for global investors to hedge against risks in Asia’s largest stock market

Hong Kong Exchanges and Clearing Limited (HKEX) has signed an agreement with MSCI to offer futures contracts on the MSCI China A-Share Index, giving global investors a tool to hedge their investments in Asia’s largest equity market.The index, which does not have a launch date, is part of the exchange operator’s three-year plan to transform itself into a global financial market place, by offering a greater variety of products, including exchange-traded funds (ETFs), futures and options, as well… Source link

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China 

China’s producer price index holds steady in February as deflation stalks economy

China’s producer prices were stable at a very low level in February, with the risk of a fall back into damaging deflation in the coming months hanging over the economy.Producer price inflation (PPI) edged up 0.1 per cent in February from a year earlier but was the same rate as in January, which was a 28-month low. The February result was below expectations of a rise to 0.2 per cent, according to a Bloomberg survey. As in January, the PPI eked out a tiny gain amid broad-based weakness in prices……

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MSCI deletes Shenzhen-listed Hans Laser from its China index due to foreign ownership limit

Global index provider MSCI said it would remove Han’s Laser Technology from its China indexes and slash the weighting of Midea Group, citing investability issues triggered by foreign ownership ceilings.MSCI’s statement on Thursday came a day after Chinese regulators blocked foreign purchases of shares in Han’s Laser as offshore ownership of the firm neared the 30 per cent cap.MSCI said “In light of potential investability issue for investors”, Han’s Laser will be deleted from the MSCI All… Source link

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Global index compiler MSCI plans to increase weighting of Chinese stocks in its global benchmarks

Global index compiler MSCI said on Thursday it will sharply increase the representation of Chinese stocks in its global benchmarks.The inclusion factor of yuan-traded A shares will be raised to 20 per cent from the current 5 per cent in MSCI’s indexes in three steps, the New York-based index compiler said in a statement, with the full increase in effect by November.“On completion of this three-step implementation,” the indexer said, “there will be 253 Large and 168 Mid Cap China A shares,… Source link

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