Shanghai stock exchange

Inflation below target; slumping exports; growth forecasts down – it’s not been a good week for China data.

The market response? Time to buy! The Shanghai composite index has just closed up 3.2 per cent, having been up 2.2 per cent on Thursday. It’s the best two-day gain since early 2012, according to Bloomberg. Read more

The week in emerging markets, with our most read stories, five things we have learned, our favourite long reads, and the week in a chart – this week: the Shanghai Composite. Read more

China stocks ended the week with a bit of a flourish on Friday, with the Shanghai Composite up 1.5 per cent at 1,979.20. Overall, it meant that the index finished the week around 2.5 per cent down, far better than it had looked earlier on Tuesday and Wednesday amid fears of a China credit crunch.

So after the PBoC’s credit policy U-turn, is everything ok? Perhaps not. Read more

China’s equity rally has clearly run into some trouble in recent weeks. The Shanghai index dropped a further 1 per cent on Wednesday, taking it into negative territory for 2013. Among the plethora of reasons offered for the stumbling run is the overhang of IPOs, and the potential that some of them might come to market soon.

But would a series of new issues really be so bad for the market? Read more

After being one of the world’s worst performing stock markets for the past three years, Shanghai has finally turned the corner, gaining 23 per cent since the start of December.

With a break from trading this week for the Chinese New Year holiday, this is a good opportunity to take a closer look at the Shanghai rally. Three interesting facts, each illustrated by a chart below, stand out. Taken together, they raise the tantalising possibility that Shanghai is maturing as a market, with institutions not retail investors driving the rally. Read more

That EM companies don’t return enough cash to investors has been a commonly-aired grumble for some time. Things could be about to change in Shanghai, though, as the regulator moves to pressure listed companies into minimum dividend payments. Read more

China’s benchmark stock market jumped more than 4 per cent on Friday, its biggest one-day gain since 2009, ahead of a key Communist party conclave during which the economic agenda will be set for the coming year, writes Josh Noble.

The Shanghai Composite index closed up 4.3 per cent to 2,150 points, its highest level since August. The CSI 300, which includes stocks listed in both Shanghai and Shenzhen, rose 5.1 per cent, while the HSCEI, an index of Chinese companies trading in Hong Kong, rose 1.5 per cent. Equity market performance elsewhere in Asia was mixed. Read more

Despite the improving economic data coming out of China, investors remain unmoved. The Shanghai market fell yet again on Tuesday, dropping 1.5 per cent, leaving it comfortably in negative territory for 2012.

This time, the main drag appears to have come from comments on the property market made in Beijing at the Communist Party Congress. Read more

Good news for a change – but which bit of good news? The Shanghai composite index closed up 3.7 per cent on Friday. The ECB bazooka may be giving markets a boost worldwide, but in China, the bigger news is the Rmb1tn ($158bn) of infrastructure spending was given the green light.

Construction and cement stocks led the way, with Sany Heavy, China’s biggest construction-equipment maker, among the big gainers at 9.97 per cent. In fact, 25 stocks hit the 10 per cent upside limit on the market, with another eight stocks gaining between 9.90 and 10 per cent. Read more

The reported decision by the People’s Insurance Company (Group) of China to limit its planned multi-billion dollar initial public offering to Hong Kong and postpone a parallel listing in Shanghai is a clear sign that the Beijing authorities are worried about the persistent weakness of the mainland stock market.

Bloomberg reported that the state-owned insurance company, which had initally planned a dual listing in the two cities, may postpone the Shanghai sale while pressing ahead in Hong Kong in October or November. If it raises as much as it originally proposed – around $6bn – it would be the third largest IPO of the year, after Facebook and Japan Airlines. Read more