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Chinese stocks open lower Thursday

Chinese stock markets opened lower Thursday with the benchmark Shanghai Composite Index losing 4.42 points, or 0.18 percent, to open at 2,393.95. The Shenzhen Component Index dipped 10.86 points, or…

July 1, 2010 / No Comment / Read More

Ping An mulls SDB privitization plan

Shenzhen Development Bank (SDB) suspended stock trading Wednesday until a restructuring plan is finalized with Ping An Bank, a subsidiary of China’s second largest insurer, Ping An Insurance Group. SDB…

July 1, 2010 / No Comment / Read More

StanChart set to invest $500m in ABC float

Asia-focused lender Standard Chartered Bank Plc on Wednesday said it will invest $500 million as a cornerstone investor in Agricultural Bank of China’s (ABC) initial public offering (IPO) in Hong…

July 1, 2010 / No Comment / Read More

Hong Kong stocks close 0.59% lower

Hong Kong stocks Wednesday closed down 119.91 points, or 0.59 percent, at 20,248.90, tracking losses on Wall Street overnight. The benchmark Hang Seng Index opened 1.3 percent lower at 19,…

July 1, 2010 / No Comment / Read More

China stocks continue downward trend Wednesday

Chinese shares declined for the sixth straight trading day Wednesday after plummeting to a 14-month low Tuesday. The Shanghai Composite Index was down 28.68 points, or 1.18 percent, at 2,398.37…

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Retail crowd shows muted interest in ABC IPO

Agricultural Bank of China (ABC) opened the retail portion of its initial public offering (IPO) in Hong Kong on Wednesday, attracting a steady stream of investors prepared to brave weak…

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