On 5/13/2007, the Shanghai Stock Exchange Composite Index (SSEC) for the first time crossed the 4000 level. In just this February, when the index crossed the 3000 level for the first time, it promptly dropped 9%, causing a worldwide correction in stock prices. Who would have thought, in the short 3 months that followed, it would have crossed another milestone.Indeed the whole country of China is swept into stock investment hysteria. By the end of April, there were 96 million brokerage accounts in the country, three times the number there were last April. New brokerage accounts are opened at the rate of 1 million every 3 days. If you get into a taxi in Beijing or Shanghai, you will likely get a free lecture on stock investment along with the ride; street vendors will offer you free stock tips as you shop and even grandmas and grandpas can't resist dabbling in and out of stocks with their life savings. (The picture below is a grandpa before a screen of stock prices. The coloring … [Read more...] about The Unbearable Lightness of Chinese Stocks
Shanghai stock exchange composite index
Most China stock funds were struggling Thursday as U.S. and Middle Kingdom officials begin a two-day meeting in Beijing to discuss trade. X Hong Kong's Hang Seng Index sagged 1.3% midday. But the Shanghai Stock Exchange Composite Index, which is composed of mainland companies that trade on the domestic market, climbed 0.6%. Trade talk concerns aside, China's stock market is expected to attract more money next month, when index-tracking service MSCI starts to include China A Shares in its emerging markets index. The A Shares are companies listed on the Shanghai and Shenzhen exchanges. China tried several times to gain inclusion in MSCI's indexes, which would open up its A Shares to global index funds. It finally got approval last June. "We are constructive on Chinese equities despite tensions over trade," according to iShares' website. "We see protectionist threats as largely negotiating tactics, while Chinese reforms a stable growth environment and a solid earnings outlook support … [Read more...] about 5 Key Ways To Play Alibaba, Baidu And Other Top China Stocks
As of June 2015, there were 1,063 companies listed with over 3,700 stocks and bonds at the Shanghai stock exchange (SSE), which was founded in 1990. There are two types of shares issued at the SSE: the A-shares - in local renminbi or yuan currency - are issued by Chinese companies and can be traded solely by institutional and private investors from Mainland China (barring Hong Kong and Macau). The B-shares are issued by Chinese companies and, while formally quoted in renminbi, they are traded in US dollars. Foreigners - both persons and institutions - including Hong Kong, Macau and Taiwan residents, as well as Chinese citizens holding US dollar accounts abroad are allowed to trade in B-shares. Price fluctuation The Shanghai Composite Index comprises both A- and B-shares. It is based on the current share prices and the market capitalization of the listed companies. On Tuesday, August 25, the SSE index sank to 2,964 points - the lowest level since 2007 - following a rout in Chinese … [Read more...] about The Shanghai Stock Exchange: where the state does its trading
After almost two-year bull market, the benchmark Shanghai Composite Index, which tracks both A and B shares, recorded a dismal performance since October 2007. In 2008, The Shanghai Stock Exchange (SSE) suffered an annual loss of over 60%, plunging 2560 points and being the worst performing market in Asia. No doubt, the primary mission of the SSE is to maintain stability in market development. Trading security and smooth operation of the market, the construction of blue chip market, market trading mechanism, product innovation such as the SHSE-SZSE300 Index ETF, and the bond market are among the priorities.Shanghai, a city historically with deep ties to the western world, has been an international business center, but the Chinese capital market in some ways is still relatively isolated from the international markets. To fulfill China's goal to build Shanghai into an international financial and shipping center by 2020, Shanghai is taking steps to develop more sophisticated investment … [Read more...] about Chinese Stock Market – Time to Invest?
HA NOI (Biz Hub) — While other Asian shares ended up on Friday, the Japanese Nikkei 225 declined 24.97 points ending at 14,561.54 and the Topix Index (TPX) lost 0.73 points to finish at 1,205.52.Of the gainers, the Hang Seng Index (HSI) led the market adding a further 245.22 points to close at 23,340.10, while the benchmark Shanghai Stock Exchange Composite Index (SHCOMP) added 5.24 points to 2,193.07Investors in Viet Nam saw higher scores with the HNX Index gaining 0.17 points to end at 61.52, while the VN Index added 1.24 points to end at 500.83 in HCM City.The Straits Times Index (STI) in Singapore also gained 6.28 points to finish at 3,192.9. — VNS … [Read more...] about Hang Seng Index leads Friday’s market
HA NOI (Biz Hub) — The Nikkei 225 rose 277.49 points to 15,727.12 yesterday, its highest close in almost six years. The Topix Index (TPX) also added 13.96 points to end at 1,261.04 in Tokyo.The Hang Seng Index (HSI) stayed flat in Hong Kong, slipping 17.26 points to 23,789.09, while the benchmark Shanghai Stock Exchange Composite Index (SHCOMP) gained 18.30 points to close at 2,219.37 in China.The Straits Times Index (STI) in Singapore ended 14.31 points to finish at 3,184.0.The two Vietnamese bourses ended mixed again, with the VN Index losing 0.72 points to end at 507.71 in HCM City and the HNX Index adding 0.09 points to end at 65.28. — VNS … [Read more...] about Nikkei index highest in six years