China

 

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 2:57 PM   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

The official manufacturing Purchasing Managers' Index was at 50.1 in April, according to the statistics bureau and the China Federation of Logistics and Purchasing in Beijing.

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.

Just how bad is China's outlook?

China's central bank rushed to ease on the weekend but this has raised question marks over their internal growth forecasts.

Vesna Poljak   China's biggest cut to bank capital requirements since the GFC has experts wondering if the world's second-biggest economy is in worse shape than thought.

Chinese stocks shake off slow start to rally

Chinese investors have been piling into the equity market after the central bank cut interest rates twice since November

Kyoungwha Kim   Chinese stocks have reversed early losses, rising to a seven-year high on expectations monetary stimulus will bolster the economy after the central bank cut banks' reserve requirements

China's stimulus move - will it work?

Economists say the PBoC's move fits the now-familiar global pattern of extreme monetary easing to combat weak demand

Mark Mulligan   China's decision on Sunday to further ease monetary policy in a bid to stimulate demand for housing and other assets is likely to ultimately prove positive for Australia equities, while pushing the domestic currency higher against it US counterpart.

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China frees up $US200b for lending

(FILES) This file photo dated 26 October 2002 shows a bank teller counting stacks of 100-yuan (12.9 USD) notes at a local bank in the eastern city of Nanjing.  Chinese state media reported 25 July 2005 that after the revaluation of the Chinese currency last week, a central bank official said he expects increased speculation about a further yuan appreciation.      AFP PHOTO/FILES China sat biz cover










China sat biz cover




-- 

Rémi Bianchi | Graphics Editor | The Sydney Morning Herald

Pyrmont | 1 Darling Island Rd | Sydney | NSW 2009 | Australia

 

T: 02 9282 3258 | F: 02 9282 3253

Neil Gough   In the latest sign that economic growth may be slowing faster than the leadership in Beijing anticipated, China on Sunday freed up roughly $US200 billion ($250 billion) for new lending.

China expanding mortgage bonds to revive property market

The government of Premier Li Keqiang eased home-purchase rules after new-home prices slid in many Chinese cities in February.

China is poised to expand mortgage bonds to lift its slumping real estate market that accounts for a third of the economy.

A Chinese paradox: slow growth good, stock bubbles welcome

Chinese dragon

Enda Curran   The day-to-day data coming out of China is sometimes reminiscent of the classic Zen riddle about listening to the sound of one hand clapping. It is puzzling, even a little baffling.

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China to overtake US as top cause of modern global warming

China's greenhouse gas emissions are set to overtake the US's.

China is poised to overtake the United States as the main cause of man-made global warming since 1990, the benchmark year for U.N.-led action, in a historic shift that may raise pressure on Beijing to act.

China to halve taxes for its local iron ore miners

An employee works at a workshop of Changning Steel and Iron Factory in Changzhi, Shanxi province January 15, 2009. European Union trade officials will vote in favour on Thursday of imposing temporary antidumping duties of 25 percent on imports of Chinese-made steel wire rods, diplomats said. REUTERS/Stringer (CHINA).  CHINA OUT. NO COMMERCIAL OR EDITORIAL SALES IN CHINA.

China has announced it will introduce a nationwide subsidy for local iron ore producers amid slumping prices, in an effort to help fight against the dominance of international miners like Rio Tinto and BHP.

More China iron ore pain for small miners

Iron ore prices have now shrunk to less than a quarter of highs of nearly $US200 a tonne hit in 2011, with the world's No.2 economy set to grow at its slowest pace in 25 years.

Manolo Serapio   Chinese steelmakers are unwittingly helping the world's biggest iron ore miners tighten their grip on global production by demanding to pay for shipments of the raw material based closely on depressed spot prices.

China's easing economy not putting investors off frothy sharemarket

Stocks

Matt O’Brien   China's housing bubble is starting to pop, so, right on cue, its stock bubble is starting to reinflate.

Prison mercy bid risks Chinese wrath

Matthew Ng with his daughter Isabella in London 2010.

John Garnaut   The gang of plain-clothed Guangzhou city police arrived at Matthew Ng's apartment with a show of force in the evening, when they knew his family would be watching.

Penfolds going cheap in China - for now

Penfolds

Simon Evans   Penfolds's strategic decision to fire its China distributor has resulted in stock being dumped at fire sale prices.

China March HSBC factory PMI contracts, job losses accelerate

Activity in China's vast manufacturing sector slipped back in March.

Activity in China's manufacturing sector contracted in March after two months of recovery, a private survey showed.

High-school dropouts fuel China's sharemarket rally

More than two thirds of new sharemarket investors left the education system by middle school - which in China means around the age of 15.

Tom Orlik   New data provides fresh insights into who has been driving the recent rally in China's markets. It is not reassuring.

Iron ore low won't stop Citic's Australian 'disaster'

"China is in Australia": The Chinese government is seeking to get at least half of the country's future iron ore supply from Chinese mines - but they don't necessarily have to be in China.

David Stringer   To understand why iron ore prices have dropped to a 10-year low, look no further than a $13 billion mine being developed by China's state-owned Citic on Australia's remote northwest coast.

The Aussie company eyeing China's solar market

RayGen believes it can crack the Chinese market with its solar technology.

Angela Macdonald-Smith   Victorian solar power developer RayGen will on Friday host giant renewable energy producer China Three Gorges Corporation at the opening of its pilot plant west of Bendigo.

Chinese power giant eyeing NSW electricity in corruption probe

Premier Mike Baird: "My job is to encourage investment into NSW."

Sean Nicholls, Nicole Hasham, James Robertson   A Chinese government-owned energy company that is a potential buyer of NSW electricity assets was last year the subject of a "major" state audit aimed at rooting out alleged corruption.

Chinese drinkers down more than Aussies, Brits, Irish

Gan bei, na zdorovie: China's president Xi Jinping  and Russia's president Vladimir Putin raise their glasses after signing joint documents in Shanghai last year.

Lauren Davidson   China’s rapidly growing middle class has created a new nation of boozers.

Give China a reserve currency

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William Pesek   Increased use of the yuan as one of the world's reserve currencies will force China to restructure more radically than its leaders may realise. It also could stabilise the country's rickety financial system, to the benefit the US and the rest of the globe

China March flash HSBC PMI contracts to 11-month low

HSBC's measure of Chinese manufacturing activity has fallen to an 11-month low.

Activity in China's factory sector dipped to a 11-month low in March as new orders shrank, a private survey showed, signalling persistent weakness in the world's second-largest economy.

Strongest rally in eight years for Chinese stocks

The Shanghai Composite advanced 1.5 per cent to 3,670.47 at 1:30pm local time, extending an eight-day, 10 per cent rally.

China's Shanghai Composite Index headed for the longest winning streak since April 2007, led by technology and property companies, after the government signalled it was comfortable with the pace of the sharemarket rally.