RUS | ENG | All
Enter the email or login, that you used for registration.
If you do not remember your password, simply leave this field blank and you will receive a new, along with a link to activate.

Not registered yet?
Welcome!

2020-07-02 11:20:00

CHINA'S INDEXES UP AGAIN

CHINA'S INDEXES UP AGAIN

REUTERS - JULY 2, 2020 - China stocks rallied on Thursday, with the blue-chip index closing at its highest in two-and-a-half years, boosted by Beijing's decision to spend more to prop up the economy.

The blue-chip CSI300 index ended 2.1% higher at 4,335.84, its highest closing level since Jan 26, 2018, while the Shanghai Composite Index gained 2.1% to 3,090.57.

Leading the gains, the CSI300 real estate index and the CSI300 SWS securities index rallied 3.5% and 7%, respectively.

China's finance ministry has said it is planning to sell more special treasury bonds to fund public health-related infrastructure facilities and aid a virus-hit economy, part of a proposal to issue 1 trillion yuan in such bonds this year.

China will allow local governments to use part of the money they raise from special bonds this year to recapitalise some small banks, the cabinet said on Wednesday, seeking to shore up banks and support struggling small firms amid the coronavirus crisis.

Market sentiment has turned more upbeat on signs that China's economy is gradually emerging from a sharp contraction in the first quarter. Factory activity grew at a faster clip last month after the government lifted lockdown measures and ramped up support steps, a private business survey showed on Wednesday.

Beijing unveiled the security law on Tuesday, and Hong Kong police made their first arrests of protesters under the legislation on Wednesday.

The more pressure from external sanctions, the more smooth Beijing's internal policy hedging will be, analysts at Everbright Securities said in report.

The U.S. House of Representatives passed legislation on Wednesday that would penalize banks doing business with Chinese officials who implement a national security law that House Speaker Nancy Pelosi called a "brutal, sweeping crackdown" on Hong Kong.

-----

Tags: CHINA, INDEXES, SHARES, BONDS, STOCKS
Chronicle:
CHINA'S INDEXES UP AGAIN
2022, June, 28, 11:44:00
6TH ANNUAL LNG SUMMIT USA
The 6th Edition of Wisdom’s Much Acclaimed Annual LNG Summit Will Be Held Live in Houston - PREPARING THE INDUSTRY FOR THE RISE IN DEMAND FOR LNG
CHINA'S INDEXES UP AGAIN
2022, June, 28, 11:43:00
9TH INTERNATIONAL LNG CONGRESS LNGCON 2023
9th International LNG Congress (LNGCON 2023) 6-7 March, 2023 Link to the Congress website: https://bit.ly/3tXVmr7
CHINA'S INDEXES UP AGAIN
2022, June, 28, 11:40:00
S.KOREAN NUCLEAR SUPPORT
South Korea’s new president, Yoon Suk-yeol, said on 22 June that in order to rebuild the nuclear industry that was “devastated by the previous administration”, the government will allocate KRW92.5 billion ($70 million) from the energy budget for the restoration of nuclear power generation capacity.
CHINA'S INDEXES UP AGAIN
2022, June, 28, 11:35:00
U.S. SMR FOR ROMANIA
Romanian company Nuclearelectrica and NuScale will cooperate with the US Trade and Development Agency (USTDA) on a series of engineering and design activities and studies, as well further technical analyses of the Doicești site, a former thermal power plant site which has been identified as a potential location for the SMR plant.
CHINA'S INDEXES UP AGAIN
2022, June, 28, 11:30:00
U.S. SOLAR POWER 25%
US Energy Information Administration reports a capacity factor of 25% for solar generation.
CHINA'S INDEXES UP AGAIN
2022, June, 28, 11:25:00
AUSTRALIAN SMART ENERGY
As energy is of national importance, a national policy, national rules and regulations are necessary. At the same time, we are facing massive changes in the energy sector.
CHINA'S INDEXES UP AGAIN
2022, June, 27, 11:45:49
OIL PRICE: BRENT NEAR $113, WTI ABOVE $107
Brent edged down 8 cents to $113.04 a barrel , WTI was at $107.38 a barrel, down 24 cents.
All Publications »