In addition to the relaxation in contract terms, the new rules relax barriers to enter into margin trading as the markets become more reliant on margin financing. The new rules also alter Chapter 3, Article 11 of the Measures for the Administration of Margin Trading and Short Selling by Securities Companies. Under the new rules, investors are no longer required to have trading accounts with securities brokerages for more than six months before they can begin leveraging their investments. Additionally, investors no longer have to hold their investments in third-party escrow accounts. Brokerages, aware of the risks, have also begun to self-regulate by tightening lending requirements and restricting more volatile stocks from margin trading. This creates a clear path for clients seeking entry into the market to take advantage of margin trading here in China. … [Read more...] about Changes in Margin Trading and Short Selling Regulations and the Potential Impact on Client Investment’s Through QFII A-Shares
Shanghai composite index
Complicating matters further, most African countries use U.S. dollars instead of yuan when trading with China. This makes it more difficult to determine the impact of a devaluation on Africa-China trade. As a result of recent market turmoil, the value of some African currencies have also decreased. For example, during the same period of August that China’s yuan dropped 3 percent in value compared to the U.S. dollar, the South African rand dropped nearly 2 percent relative to the dollar, largely blunting the impact of the yuan’s devaluation. Recent data indicates that the rand fell even lower on August 24, which may have altogether eliminated any impact of the yuan’s devaluation on South African consumers. The value of other African currencies also dropped in August; Zambia’s currency shed more than 3.4 percent of its value and the value of the Nigerian and Angolan currencies are also expected to decrease. In short, whether the yuan actually devalues relative to … [Read more...] about China Sneezes: Could Africans benefit from a devalued yuan?
WALL STREET: On Friday, bank stocks buckled despite reports of higher profits for some. The S&P 500 fell 0.3 percent to 2,656.30, paring the index's gain for the week to 2 percent. The Dow Jones industrial average dropped 0.5 percent to 24,360.14, and the Nasdaq composite lost 0.5 percent to 7,106.65. As a group, financial stocks in the S&P 500 fell 1.6 percent, more than double the loss for any of the other 10 sectors that make up the index. … [Read more...] about Asian shares meander following US-led air strikes on Syria
AsiaNet 73667BEIJING, May 23, 2018 (Antara/Xinhua-AsiaNet) --"Xinhua-China banana producing area price index" compiled jointly by the People's Government of Chengmai County of Hainan Province and China Economic Information Service (CEIS) of Xinhua News Agency was officially released in south China's Hainan Province on May 15.The index aims to monitor the operation status and development trend of banana producing areas in China and create a barometer for the industry.It is reported that the base date for the index is set on July 3, 2017, with the base point standing at 100 points. As of May 11, 2018, the index was reported at 87.05 points, up 0.63 points or 0.73 percent from the previous release date and down 12.95 points or 12.95 percent from the base period.The "Xinhua-China banana producing area price index" selects the transaction prices of the five major banana producing areas (Hainan, Guangxi, Yunnan, Guangdong and Fujian) as samples, and collects price data every two days. The … [Read more...] about Xinhua-China banana producing area price index released in Chengmai County, Hainan Province
"It is totally unacceptable for American side to publish a tariff list in a way that is accelerating and escalating," the Commerce Ministry said in a statement Wednesday. "To protect the core interests of the nation and its people, the Chinese government will be forced to impose necessary countermeasures." … [Read more...] about China blasts U.S. upping ante in escalating trade dispute