chinese

Prudential soothes nerves on China after stock market plunge …

Concerns about Prudential’s exposure to China helped push the company’s shares down 10% from late May. Photograph: Reuters
Prudential says turbulence on the Chinese stock market has had little effect on its business there as it reported first-half profit ahead of City forecasts.The British insurer sought to soothe City concerns by saying its Chinese operation had performed consistently for 15 years […]

'the most important consequence' of China's stock market crash

Wikimedia CommonsWangfujing Street, BeijingChina’s economy is going through a rough patch, and fears things could get worse have been exacerbated by the recent crash of the country’s high-flying stock market.But amid all of this, the real losers may be the leaders in Beijing.”The diminished credibility of policymakers may be the most important consequence of the crisis,” a team of Citi Research economists said […]

Global stock markets boosted amid speculation China may devalue …

An investor smiles after the Shanghai Composite Index rose 4.9% on Monday in its best day for a month. Photograph: Xie Zhengyi/Xinhua Press/Corbis
Stock markets around the world have been lifted by hopes that the Chinese government will allow its currency to devalue to boost growth after figures at the weekend showed a surprise slump in exports from the world’s second-largest […]

Tencent to launch online stock trading platform with facial …

By Stephen MayhewAugust 7, 2015 -Chinese internet service portal Tencent will soon launch an online stock trading platform with a facial recognition authentication system on its messaging mobile app WeChat, in which the according to a report by South China Morning Post.Account holders will be able to verify their identities and open personal stock exchange accounts using the platform’s facial […]

With All Eyes On Payrolls US Futures Tread Water; China Rises As Copper Crashes To New 6 Year Low

After going nowhere for the past week, last night Chinese equities opened with a bid tone and traded in the green all day long, resulting in the Shanghai composite ending the week with a gain of 2.2%, on what is gradually becoming a replica of US low volume levitation (to be expected after a third of market participants have now […]

China's Stock Market Collapse | naked capitalism

By Jayati Ghosh, Professor of Economics and Chairperson at the Centre for Economic Studies and Planning, Jawaharlal Nehru University, New Delhi. Cross posted from Triple CrisisThe recent rout in the Chinese stock market – and the Chinese authorities’ increasingly panicky responses to it that temporarily halted the decline – may not seem all that important to some observers. Indeed, there […]

WeChat to add stock-trading platform with face recognition

Remember when WeChat was just a mobile chat app? Tencent’s social baby has long since left that nest, expanding in all directions, and the latest addition to WeChat’s formidable feature set will be a securities trading platform. Perhaps even more interesting, though, is that the app will allow users to open their trading accounts by taking a photo of their […]

China wants brokers to hand over their stock-market trading records

Thomson ReutersAn investor in front of an electronic board showing stock information at a brokerage house in Hangzhou.China is asking foreign and Chinese-owned brokerages in Hong Kong and Singapore to hand over stock-trading records, sources with direct knowledge of the requests told Reuters, extending its pursuit of investors shorting Chinese stocks to overseas jurisdictions.Three sources at Chinese brokerages and two […]

China's securities watchdog probes automated trading as stocks slip …

Authorities have been flailing in efforts over the past three weeks to prevent a further sell-off. Photograph: Shizuo Kambayashi/AP
China’s securities watchdog is investigating the impact of automated trading on share markets, as authorities step up a crackdown on what they regard as heavy speculative selling that could destabilise the world’s second-largest economy.China’s main share markets, both among the world’s five […]

China's stock market is a high stakes game of 'chicken' – Business …

REUTERS/China DailyA Chinese soldier trains a dog by skipping rope at a military base in Nanjing, east China’s Jiangsu province January 28, 2006.See Also6 reasons China’s stock market selloff doesn’t matter for the global economyMARK MOBIUS: China is nearing a capitulation pointChina’s government still has options to steer its stock marketWatching the high-stakes melodrama that has unfolded in the Chinese […]