InfoAnda - China markets set for new phase in 2010

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Rosenhaus wants Harrison suspended after lockout | 15 July 2011
Thailand reports 3 more swine flu deaths | 13 July 2009
US-born pandas on way 'home' to China | 5 February 2010

Judge calls Nicollette Sheridan lawsuit "annoying" | 8 September 2010

Forum Views () Forum Replies ()

Read more with google mobile : China markets set for new phase in 2010

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World China markets set for new phase in 2010 AFP - Sunday, January 17 Send IM Story Print China markets set for new phase in 2010 SHANGHAI (AFP) - – Shanghai's stock market is set for major changes in 2010 that could help close the gap with London and New York as the Chinese city strives to become a global financial centre, analysts say. China began the year with a strong signal that it is serious about its goal of turning Shanghai into a leading finance hub by 2020, approving a raft of measures that give investors more sophisticated investment options. Previously, mainland investors were only able to bet on stocks going up, but the State Council, or Cabinet, has approved trials of short-selling and margin trading that would allow investors to profit from falling markets as well. "The ultimate introduction of the new investment options is, without doubt, a revolutionary move for China's capital markets," said Zhang Jian, a Beijing-based analyst with BOC International, Bank of China's brokerage unit. Margin trading allows investors to borrow money from financial institutions to buy shares they expect to rise. If the share price goes up, they can easily pay back the borrowed money. If the price goes down, investors must still pay back the full amount borrowed. Short-selling allows investors to sell borrowed shares when they expect the price to decline. If the price falls, they can buy the shares at the lower price and return them to the lender. "It opens a new chapter for China's domestic equity market. With these new rules, the A-share market will no longer be a 'one-way street,' as shorting and hedging become possible," Deutsche Bank economist Jun Ma wrote in a note. "It is also a major step towards the internationalisation of the Chinese market," he added. The central government has also approved a stock index futures market that will also give investors opportunities to profit when the market falls and help them hedge risks. Preparations for the index futures market began years ago, with mock trading already running for three years. Margin and short trading systems tests began in late 2008. Now that Beijing has given the green light, the new trading options could begin within three months, analysts said. "These steps will speed up the pace for Shanghai to become an international financial centre," said Peng Yunliang of Shanghai Securities. The changes come on top of expectations that the Shanghai Stock Exchange will see its first foreign listing in 2010 -- HSBC has said it hopes to be the first, with a listing that could come as early as March, according to reports. The developments -- combined with the launch on October 30 of China's Nasdaq-style ChiNext board, which aims to boost start-ups as well as small and medium-sized companies -- mark huge strides for Chinese capital markets and show growing confidence. Both shorting and margin trading magnify risks, but experts say the practices could help reduce volatility over the long run by increasing liquidity. Shanghai's market has seen huge swings in recent years. The benchmark Shanghai composite index soared 80 percent last year, but that came after a 65.5 percent plunge in 2008. So far this year the index is down 1.6 percent. But China's asset prices are expected to continue to take off in 2010, with the economy expected to expand at roughly 10 percent, and investors will want to keep profiting from growing earnings, Macquarie Bank said in a note. What impact will index futures trading have on the market? Goldman Sachs studied the mock trading in China, which has seen eligible brokerages and the general public practising in simulations that involve no money since 2007. The simulations suggest a maturing market with a bias towards long positions, or bets prices will rise, the US investment bank said in a research note, adding volatility declined as the mock trading progressed. "The developments bring China a step closer to being ready to start foreign listings and attract world-renowned foreign companies to list in a market that is getting more mature and international," Shanghai Securities' Peng said. Recommend Send IM Story Print Related Articles Google denies leaving China, seeks negotiations Reuters - 33 minutes ago Kuwait's CBK says all its board members resign Reuters - 45 minutes ago WRAPUP 1-Google denies leaving China, seeks negotiations Reuters - 49 minutes ago New emails show AIG mulled bank payment disclosures Reuters - 1 hour 17 minutes ago Earnings growth takes center stage Reuters - 1 hour 32 minutes ago News Search Top Stories Obama's 1st yr marked by diplomacy, but few results Obama surprises Michelle with birthday dinner British bank sector hails Obama bank levy as fair Rescuers battle to reach Haitians still alive in rubble Polish Prime Minister wins 2010 Charlemagne prize More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Cancer-stricken Dennis Hopper files for divorce Chicago businessman charged over Mumbai attacks Aborigines to ask Prince William for slain warrior's head Obama defends banking fee Johnson & Johnson accused of drug kickbacks More Most Viewed » Beat the blues by going to bed early: study Huge tomb found at Egypt's Saqqara pyramid Woman who saved Anne Frank's diary dead at 100 Scientists praise Obama as Doomsday clock reset More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Sunday, 17 January 2010
Israel threatens to expel Turkish ambassador
Yahoo pulled into Google fracas, Alibaba reacts
Johnson & Johnson accused of drug kickbacks
Big powers meet on Iran but expectations low
Cancer-stricken Dennis Hopper files for divorce
Pakistani Taliban leader denies death on tape |
Darfur rebels say Sudan army attacks market area
Iraq says it captures man who oversaw UN bombing
Mexican crime reporter killed in apparent drug hit |
Port-au-Prince looting worsens, turns violent |
Spanish politician threatens to sue over bin Laden photo |
Pakistan, Afghanistan, Iran unite against extremism
French academic's lawyer upbeat on Iran verdict
Libya postpones trial of Swiss businessman |
Lawyer hopeful Iran will acquit French academic
Scenes from hell as dead pile up at Haiti hospital |
Iraqi former pilot accused in 2003 U.N. bombing
Apathy grips hard-up Ukraine village ahead of polls |
Afghan bomb kills NATO soldier as troop toll hits 27
Darfur rebels say Sudan army attacks market area |
For $65, tourists get peek at Los Angeles gangland
Rugged North Waziristan harbors US enemies
US Navy en route to make Haiti seaport usable
Pakistani Taliban leader denies death on tape
Ohio: Teen's suicide attempt ignored by guard
Pakistani Taliban chief alive after US strike
A documentary in the works for Balloon Boy's dad
Afghan lawmakers reject Cabinet nominees
Watchdog calls Afghan energy effort disappointing
NYC crews sent to Haiti draw on 9/11 experience
Afghan lawmakers reject majority of Cabinet picks
Civil unions may get quick vote at Hawaii Capitol
US: Brutality erodes Pakistani militants' support
Portland high-rise to get 250-foot-tall trellises
Japan's kingmaker vows to stay on as scandal widens
For health care, a frantic ride in the final days
USA network shakes up schedule under new strategy
Turkish movie sparks Israeli fury
Citigroup To Donate $2.0 Million To Haiti Recovery Efforts
Obama Tightens Leash On Financial Institutions In His Weekly Address
Iraq reclaims a Jewish history it once shunned
Mini drone and iPhone take video games to real world
World pledges quake aid, Haitians still waiting |
Polls open in Ukraine's presidential elections
Obama's 1st yr marked by diplomacy, but few results
No agreement on Iran sanctions
Polish Prime Minister wins 2010 Charlemagne prize
Obama surprises Michelle with birthday dinner
Apple turns up heat in Nokia battle with ITC filing
U.N. confirms death of Haiti mission chief Annabi |
EU pushes for deeper carbon emissions cuts
British bank sector hails Obama bank levy as fair
Pro-Russia politician set to sweep Ukraine polls
Ukraine votes in election key to foreign relations |
U.S. drone attack kills 7 in Pakistan's Waziristan |
Nexus One stumbles as Google joins smartphone race
No decision on new Iran sanctions
Rescuers battle to reach Haitians still alive in rubble
Abbas signals readiness to resume talks with Israel |
Angolan police arrest priest in Cabinda |
Abbas signals readiness to resume talks with Israel
As poll looms, Myanmar still building parliament |
Six major powers mulling new Iran sanctions: EU official
Dual images dilemma for Japan's ruling party: Ozawa |
Israel threatens to expel Turkish ambassador
Hesitant Wall Street looks for more recovery evidence
First Israeli Cabinet minister to visit Abu Dhabi
El Salvador's Funes apologizes for civil war abuses |
US-TECH Summary
Apple turns up heat in Nokia battle with ITC filing
Google denies leaving China, seeks negotiations |
Man of Haitian descent arrested in breach at JFK
1 dead, 5 pupils missing in Malaysia boat accident
Gunmen kill anti-Taliban tribal elder in Pakistan
A year later, hope dissolves into disappointment
Girl killed, 4,000 homeless in Manila slum fire
Yahoo pulled into Google fracas, Alibaba reacts |
Gunmen shoot Philippine passenger bus, wound 11
S.Korea's aims to boost medical tourism market
Japan threatens action on China gas project
Subsidies prop up cotton country through downturn
Dual images dilemma for Japan's ruling party
A by-the-numbers look at Obama's first year
12 wounded in Philippines bus ambush: military
Bodies of 8 China peacekeepers recovered in Haiti
Police report another sex assault in Calif. city
Ratings soaring for O'Brien
Utah Senate leader resigns 1 day after his arrest
Sri Lanka's Tamils wary of election spotlight
slammed by China partner for Google support
Teetering JAL pins hopes on management guru
China seeks to avoid Japan-style bust: experts
China markets set for new phase in 2010
Asia's IT parts makers struggle with demand boom
Google attacks spotlight global cyber espionage
`SNL' lampoons late-night mess with sketch
Ratings rise for O'Brien as nasty NBC exit nears
'Slumdog' director making film about hiker's story
Medvedev photo outdoes Putin's painting
Iraq's "Chemical Ali" gets 4th death sentence
'Beware Internet use', Malaysia warns
Ex-Tehran prosecutor rejects post-vote abuse report
Iraq's Chemical Ali gets 4th death sentence |
Afghan parliament to recess without confirming cabinet |
Iraq's 'Chemical Ali' sentenced to death
Israel's Barak in bid to mend fences with Turkey
Israeli minister visits Abu Dhabi for first time
US soldier dies in Afghanistan: NATO
Venezuela arrests alleged drug lord wanted by U.S |
Chile magnate may oust left, fights Pinochet ghost |
Man dies after setting off bomb in Iran city: report |
Pope says synagogue visit milestone despite problems |
Gunmen kill Afghan district chief, 5 other people
Obama to give church talk, stump in Massachusetts
Pakistani officials: Suspected US drone kills 12
The nation's weather
US drone strike 'kills 20 militants in NW Pakistan'
AP NewsAlert
Apple turns up heat in Nokia battle |
2 dead, 4 pupils missing in Malaysia boat accident
Veteran Indian communist leader Jyoti Basu dies
NKorea's Kim calls for stronger army amid tension
Haiti sympathy at Kobe memorial for 1995 quake
Indonesian Muslims protest Egypt's Gaza wall
Malaysia church attacks 'minor aberration': PM
Golden Globes host Gervais ready to play favorites
'Super nannies' for troubled Australian families
Hollywood gets ready for Golden Globes
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01