China's Huatai Securities Co Ltd, expects to launch IPO in Shanghai Exchange at between 20 to 22 yuan ($2.93 to 3.22) per share, the company said Monday.
Chart patterns sometimes fail and when they do it is important to adjust analysis to recognize the new situation. The long term cup and handle pattern in the Shanghai Index signaled failure in the last week.
KBC-Goldstate Fund Management Co is selling shares in Chinese commodity producers and adding to cash, hunkering down for further declines in the benchmark index after tighter credit policies spurred a drop of 10 percent this year.
China Investment Corp (CIC), a $300 billion sovereign wealth fund based in Beijing, filed its first quarterly disclosure on US equity holdings, reporting that it owned stocks valued at $9.63 billion as of Dec 31.
Hong Kong stocks plunged 676.56 points, or 3.33 percent, to close at 19,665.08 on Friday.
Stocks in Hainan yesterday soared by 7.71 percent on the construction of the Mangrove Tree Resort in the coastal city of Sanya, topping China's stock market, the Beijing News reported today.
Chinese equities retreated 1.87 percent Friday to 2,939,40 points, the lowest level since it ended at 2,970.53 points on Oct 14, dragged down by coal, energy and metal shares.
A total of 41 Chinese mainland companies launched initial public offerings in markets around the world last month to raise a combined $7.1 billion.
Tibetan tourism and drug stocks rose the most in China's benchmark stock index after the National Business Daily reported the government will increase stimulus spending and seek industry mergers in the autonomous region.
China Minsheng Banking Corp may be among companies added to Hong Kong's Hang Seng China Enterprise Index (HSCEI) in a reshuffle that will see the gauge's overall membership reduced to 40 companies, Nomura Holdings Inc and BNP Paribas SA said.
China's stocks are "approaching a bottom" as concerns that the government will tighten monetary policy are overstated, according to Bank of America-Merrill Lynch Research.
Gold will climb to $1,500 an ounce and silver will top $25 this year as the dollar loses its haven status, according to Jeffrey Nichols, managing director of American Precious Metals Advisors.