Search Results

Capital Reserves Take A Tumble In A-Share Market

Business | Securities
2008-7-4

THE Chinese mainland's A-share market saw its capital reserves shrink by more than 16 billion yuan (US$2.35 billion) in June due to a sluggish performance which kept investors away, a report by Shenyin Wanguo Securities...

PetroChina catalyst for a fall

Business | Securities
2008-3-22

SHANGHAI shares dipped by 0.2 percent yesterday after PetroChina, the biggest component in the market, fell to its lowest close since its debut in November. The Shanghai Composite Index, tracking yuan-denominated...

Stock market plunges as panic selling hits

Business | Securities
2008-1-29

IT may have been white outside, but it was a black day on the Shanghai Stock Exchange yesterday, with the benchmark index plunging more than seven percent to a six-month low. The fall represents an across-the-board...

Huijin to inject cash, give loan to Shenyin

Business | Securities
2005-8-31

CHINA Central Huijin Investment Co yesterday signed an agreement to inject funds and provide a loan to Shenyin Wanguo Securities Co as part of government efforts to revamp a capital-strapped industry.

Market-boosting incentives

Business | Securities
2005-6-14

IN its latest move to energize China's anemic stock markets, the Ministry of Finance cut dividend taxes yesterday and scrapped fees for state share transfers.

Report of 42 IPOs pounds market

Business | Advertisement/media
2005-3-23

SHARES in Shanghai plunged yesterday following a media report that 42 companies were ready to issue initial public offerings in the two domestic stock markets fuelling concerns of a liquidity drain.

Capital may climb

Business | Securities
2005-3-16

SHENYIN Wanguo Securities Co, China's second-largest broker by assets, expects to double its capital to more than 8 billion yuan (US$1.08 billion), company spokeswoman Song Ziyin said yesterday. The Shanghai-based securities firm plans to raise the funds by selling shares to institutional investors soon, Song said. Shenyin Wanguo, whose biggest shareholder is China Everbright Ltd, posted cumulative losses of 2.84 billion yuan by the end of last year.