Billionaire Oleg Deripaska, who listed his United Co Rusal in Hong Kong this year, says the city is Russia's best chance to tap into Asian economic growth. Investors, who have watched debt-laden Rusal slump, are yet to be persuaded.
China's CITIC Securities Co said on Wednesday it plans to sell a 53 percent stake in China Securities Co, one of its brokerage units, for 8.6 billion yuan ($1.26 billion).
Copper fell for a second day in London on concern about the outlook for demand in China, the world's biggest consumer, after manufacturing expanded at a slower pace and property transactions dropped.
Mainland stocks fell for a third day after manufacturing grew slower than expected last month and property transactions dropped in major cities, signaling a deceleration for the world's third-biggest economy.
The China Securities Regulatory Commission (CSRC) will review the application for an initial share sale by Ningbo Port Co on Friday. Analysts said the company's plan to go public during a bearish market period will lead to a low valuation price.
The ChiNext Index, just launched by the Shenzhen Stock Exchange Tuesday, was down 26.77 points, or 2.68 percent, to close at 973.23 points in Tuesday's trading.
China's property stocks are becoming more attractive after recent declines, Citigroup Inc analysts Markus Rosgen and Elaine Chu said in a report distributed today.
Chinese shares extended declines Tuesday as figures released the same day showed a slowdown in month-on-month manufacturing growth.
China's stock index futures fell Tuesday with the contract for June, the most actively traded, down 1.77 percent from the previous trading day to end at 2,762 points.
China's Shenzhen Stock Exchange (SSE) officially launched the ChiNext Index Tuesday, displaying the day's trend for all the stocks listed on the ChiNext Board.
China may release regulations on private equity funds this year, the Shanghai Securities News reported today, citing an announcement from the National Development and Reform Commission yesterday.
The People's Bank of China sold one- year bills at a yield of 2.0096 percent, compared with 1.9264 percent last week, according to traders at Agricultural Bank of China and Bank of China Ltd.
