People have descended on hundreds of cartons of expired frozen ham and cheese abandoned at a refuse collection point in Yuen Long and on a roadside in Kwai Chung. A post on a Facebook page alerted loc ...More
EJ Insight2015-08-24
... d further hamper Beijing’s efforts to restore market confidence. The market posted a steady recovery for two weeks after the “national team” intervened in early July. However, rumors that it would exi ...More
EJ Insight2015-08-19
The People’s Bank of China held a press conference to calm investors following the devaluation of the renminbi. The central bank stressed that it was not embarking on a steady devaluation of the curre ...More
EJ Insight2015-08-14
The State Council mentioned last month creating a mechanism that will allow free cross-border flows of the renminbi and widening its daily trading band among measures for stabilizing exports. The Chin ...More
EJ Insight2015-08-12
Chinese stocks gained 2.2 percent last week amid hopes that a group of state-owned financial institutions -- the so-called national team -- will step up support for domestic equities. After disappoint ...More
EJ Insight2015-08-10
China’s so-called “national team” has spent up to 900 billion yuan (US$145 billion) in its recent market rescue effort. That's 1.6 percent of the stock market capitalization and 2.2 percent of the fre ...More
EJ Insight2015-08-07
To stabilize the stock market, the Shanghai and Shenzhen stock exchanges have revised their rules to further restrict short selling of stocks. Investors who borrow shares to sell them short must now ...More
EJ Insight2015-08-05
Beijing has been actively intervening in the market in light of fragile investor sentiment and substantial selling pressure. However, the tactic won’t work in the long run. PetroChina's (00857.HK, 601 ...More
EJ Insight2015-07-29
Many foreign investors have criticized Beijing’s intervention measures to stem the stock market slide. However, it’s quite normal in China for the government to intervene in market operations. Fund ma ...More
EJ Insight2015-07-21
China’s three growth engines -- investment, consumption and exports -- are showing signs of slowing growth. However, the financial industry expanded 17.4 percent in the first half, more than double t ...More
EJ Insight2015-07-17
After three days of rallies, China's stock market is running out of steam again. On Tuesday, the Shanghai Composite Index was down nearly 3 percent at one point. Heavyweight stocks recovered near the ...More
EJ Insight2015-07-15
The Shanghai and Shenzhen markets lost nearly 21 trillion yuan (US$3.38 trillion) in value during the 15 trading days between June 15 and July 6. Of the 2,469 stocks that traded during the period, 2,3 ...More
EJ Insight2015-07-13
China's A-share market is down about 35 percent from its recent peak, despite a 5.76 percent gain on Thursday. The rebound yesterday came amid weaker turnover. Investors who suffered heavy losses are ...More
EJ Insight2015-07-11
Global markets have tumbled recently and A shares also have taken a nosedive despite the limited participation of foreign investors. The Shanghai Composite Index has slumped more than 20 percent after ...More
EJ Insight2015-06-30
Technology stocks suffered a massive sell-off on Thursday. They included stocks related to media, entertainment, e-commerce, electronic payment and information security. Financial software firm Hundsu ...More
EJ Insight2015-06-26
The Shanghai Composite Index was close to 4,300 points on Tuesday before it returned to its mid-May level. That means the market lost 900 points it gained between mid-May and mid-June in just six trad ...More
EJ Insight2015-06-24
Bank of Communications (BoComm; 03328.HK, 601328.CN) has become China's first state-owned lender to kick off a long-awaited ownership reform in the sector. The bank said the reform plan, which has bee ...More
EJ Insight2015-06-18
Chinese authorities have managed to utilize the market expectation for policy and economic growth outlook and enabled a bull run in the stock market in the last few months. Macro-economic data present ...More
EJ Insight2015-06-16
The Shanghai Composite Index rebounded quickly Thursday after losing over 5 percent in intraday trading. It closed with a 0.76 percent gain at 4,947 points. The rise was mainly underpinned by the fin ...More
EJ Insight2015-06-05
Central Huijin Investment Ltd., a Chinese state-owned investment firm, offloaded 300 million A shares of Industrial & Commercial Bank of China Ltd. at an average price of 5.43 yuan each and 280 mi ...More
EJ Insight2015-05-29
