China

 

Why Chinese sharemarkets are plunging

The central bank's move to mop up excess liquidity in the interbank market was a contributory factor in the sell off.

Rose Powell   Chinese stocks experienced a technical correction within less than 24 hours as markets extended a savage selloff on Thursday, led by industrial and energy companies.

China minting two new billionaires a week

A total of nine new billionaires emerged this week, including the first Taiwanese tycoon with a fortune exceeding $US1 billion.

Jill Mao and Sterling Wong   China's sharemarket rally is producing wealth on an unprecedented scale, with the creation of more than 50 new billionaires so far this year.

China shares plunge in record turnover

The central bank's move to mop up excess liquidity in the interbank market was a contributory factor in the sell off.

​China's stock markets plunged over 6 per cent after more brokers tightened margin trading requirements for clients and the central bank drained money market liquidity.

Easiest way to cash in on China's stock rally is to do nothing

Simply buying and holding would have captured the 142 per cent return in the Shanghai Composite Index over the past year.

Ye Xie   Investors have been better off by staying put in their portfolios rather than trying to time the market.

Slash stamp duty to attract workers to the bush: KPMG

"We need to continually focus on how big …the Asian opportunity is." : KPMG Australian chairman Peter Nash.

Jared Lynch   Prime Minister Tony Abbott and Treasurer Joe Hockey should consider slashing stamp duty to attract more people to regional areas and help Australia fully capitalise on the Asian dining boom, KPMG chairman Peter Nash says.

Ben Bernanke isn't worried about China or a US rate rise

Bernanke also said the economic slowdown in China is necessary as it needs to change its growth model to be more sustainable in the long term.

Former Fed chair Ben Bernanke said that China's economic slowdown should not worry markets as there was no risk of a hard landing.

China shares mixed ahead of IPO wave

Chinese data showed industrial sector profits in April had their first annual rise since September.

Chinese stocks ended mixed on Wednesday ahead of a fresh flood of new share offerings.

Hong Kong's $44b share rout spurs oversight calls

Hong Kong regulators are too hands-off as they seek to grow the local market, investors say.

Belinda Cao and Kyoungwha Kim   Should a stock exchange focus on business or regulation? After $US35 billion in market value was erased from three companies in two days, investors are asking if the city's regulator should have done more to prevent the stampede.

Goldin's Pan just lost a fortune and he doesn't care about it

"A genuinely wealthy person would not count his wealth every day.": Pan Sutong: is $US18 billion poorer after the share price of two of his companies crashed this week.

Frederik Balfour   Pan Sutong made $US22 billion this year and then lost most of it. He says he doesn't care.

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Fundies look beyond China for equities

Asia is an attractive investment, but there are plenty of other opportunities.

Rose Powell   Local brands in China are appealing for some fund managers, but others suggest looking beyond emerging markets.

The 24-minute, $24b wipeout that halved Chinese billionaire's fortune

Hanergy chairman Li Hejun has been outspoken in defending the company.

Solar power entrepreneur Li Hejun began the day as China's second-richest man. By 11am, his fortune had halved.

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First Hanergy, now Goldin: Hong Kong stocks drop like stones

Pan Sutong with Princes Harry and William.

Richard Frost   Sudden rout: Hong Kong's market darlings this year are tumbling even faster than they rallied.

Netflix said in talks to enter China With Jack Ma-backed Wasu

"Why would they do this to me?": Some Netflix customers have been left with empty bank accounts after the billing error.

Netflix is in talks with a Chinese media company backed by Jack Ma and other possible partners as it seeks entry into the country's $7.3 billion online video market, according to people familiar with the matter.

Goldman Sachs tips China rebound

China has lodged diplomatic protests and scrambled fighter jets to the border with neighbouring Myanmar.

Goldman Sachs economist Song Yu has form picking the direction of China's economy.

China cuts interest rates for third time in six months as economy sputters

Chinese dragon

​China cut interest rates for the third time in six months on Sunday in a bid to lower companies' borrowing costs and stoke a sputtering economy that is headed for its worst year in a quarter of a century.

Start-up Uber drives towards $50b valuation

Uber is another popular service using the smart watch.

Uber could raise more than $US1.5 billion, given the level of interest from investors.

China's most wanted fugitives in Australia

China's President Xi Jinping is using an anti-corruption drive to buttress his power.

Philip Wen and Brendan Foster   China's Operation Fox Hunt and Sky Net is an attempt to name, shame and capture 100 corrupt officials it says have fled to countries including Australia, New Zealand, the United States and Canada.

China's newest billionaire defies market fall

China's ageing population is boosting the outlook for its medical diagnosis industry, benefiting Zou's company even as investors shun pharmaceutical stocks.

Jill Mao   The biggest three-day loss in China stocks since 2013 hasn't stopped the emergence of the country's newest billionaire.

Weak China data weighs on $A

Exports from China, Australia's top export market, dropped 6.4 per cent in April from a year earlier.

Soft Chinese trade data weighed on an Australian dollar already suffering from a downgrade to the RBA's economic growth forecasts.

Meet the Chinese tech minnow on course to take on Apple

There has been an explosion in margin lending in China as retail investors play the markets.

Max Mason   Baofeng Technology's rocketing share price is an example of how shares in the Shenzhen Stock Exchange are going through the roof thanks to mum and dad investors.

Morgan Stanley ends seven-year bullish call on Chinese equities

The Morgan Stanley downgrade comes after a two-day, 5.6 per cent rout for China's benchmark Shanghai Composite Index.

Kyoungwha Kim   Morgan Stanley downgraded Chinese stocks for the first time in more than seven years, saying the market has become expensive after share prices surged and profitability fell to the weakest level since the global recession in 2009.

Open Sesame? Jack Ma's Alibaba loses $US70b in market value as growth disappoints

Jack Ma's push into markets outside China has yet to gain traction.

Lulu Yilun Chen   After Alibaba Group raised a record $US25 billion ($31 billion) last year, founder Jack Ma said the Chinese e-commerce company faced the danger of high expectations. He might be right.

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99 Wuxian seeks to bridge cultural divide for Chinese floats

99 Wuxian CEO Amalisia Zhang believes a fear among Australian investors about a lack of transparency and poor governance in China is hurting her share price.

Sally Rose   Amalisia Zhang, the founder and chief executive of ASX-listed mobile commerce platform 99 Wuxian, has pledged to spend more time in Australia helping local fund managers 'get comfortable' with the idea of investing in Chinese companies.

Chinese factory activity suggests economy stabilised

Iron ore for September delivery closed 2.5 per cent lower at 435 yuan a ton on the Dalian exchange Thursday after rising 2.8 per cent on Wednesday.

Bloomberg News   Chinese manufacturing beat economists' estimates in April, suggesting growth is stabilising after the government spurred infrastructure investment and eased monetary policy.

Is the People's Bank of China planning QE?

Foreign bank exposure to China has eased after a period of rapid growth.

Max Mason   Rumours that the People's Bank of China is planning to boost liquidity have sparked suggestion that China may start its own quantitative easing program.

China stocks surge on state firm merger hopes

Possible merger moves by China's government sparked a surge in shares in Shanghai and Shenzhen.

​China stocks jumped to fresh seven-year highs on expectations that Beijing will accelerate mergers among state-owned enterprises.

How to join in China's share rally

In June index firm MSCI is expected to decide whether it will include Chinese mainland or "A" shares in its all-important sharemarket indices.

Patrick Begley   Low property yields, cheap credit and a supportive government have driven millions of local retail investors into China's exuberant stock markets.

China to crack down on stock manipulation as market soars

The securities regulator has attempted to clamp down on price manipulation while also warning of the risks of a reversal in the Chinese stock market.

China's securities regulator started a campaign to crack down on stock-market manipulation and insider trading, the latest effort to reduce risks as an equities boom lures a record number of novice investors.

Why China's steel production could still grow

The World Steel Association predicted a "very long and flat peak" in Chinese steel production.

Patrick Begley   BetaShares believes analysts predicting a "very long and flat peak" are focusing too much on China's already developed areas.

The 80% BlackRock ETF return that shortchanged China stock bulls

China announced in November that it would link the Shanghai stock exchange to Hong Kong's.

Elena Popina and Boris Korby   Most stock investors would be thrilled with an 80 per cent return in the past year. For those who bought BlackRock's flagship ETF for mainland Chinese shares, however, it's akin to getting shortchanged.