2021-07-07 11:10:00
CHINA INDEXES UP
REUTERS - July 7, 2021 - China shares closed higher on Wednesday, helped by robust strength in Shenzhen’s start-up board ChiNext and Shanghai’s tech-focused STAR Market, after Beijing stepped up supervision of Chinese firms listed overseas.
At the close, the Shanghai Composite index was up 0.66% at 3,553.72 and the blue-chip CSI300 index was up 1.13%.
Leading the gains, the sub-index tracking new-energy vehicle makers and suppliers jumped 5.77%, the rare earth sub-index surged 5.01% and the healthcare sub-index rose 2.54%.
The financial sector sub-index was lower by 0.32%, the consumer staples sector up 0.31%, the real estate index down 1.23% and the healthcare sub-index up 2.54%.
The smaller Shenzhen index ended up 1.68%, the ChiNext Composite index was higher by 3.572% and STAR50 index was up 2.43%.
Battery maker EVE Energy Co gained 13% while Ningbo Ronbay New Energy Technology, a material supplier for lithium batteries, surged 20%.
China will upgrade law enforcement on illegal activities in the securities market such as financial fraud, insider trading and market manipulation, its cabinet said on Tuesday.
The country will also step up supervision of Chinese firms listed offshore, days after Beijing launched a cybersecurity investigation into ride-hailing giant Didi Global Inc on the heels of its U.S. stock market listing. ** Around the region, MSCI’s Asia ex-Japan stock index was weaker by 0.36%, while Japan’s Nikkei index closed down 0.96%.
At 07:13, the yuan was quoted at 6.4684 per U.S. dollar, 0.16% firmer than the previous close of 6.4788.
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Earlier:
2021, June, 29, 13:25:00
CHINA'S HYDROPOWER 16 GW
China Three Gorges Power Corporation (CTGPC) has started to produce power from the first two 1 GW units of the 16 GW Baihetan hydropower plant on the Jinsha River, the upper section of the Yangtze, between the borders of the southwest provinces of Yunnan and Sichuan (China).
2021, June, 29, 13:20:00
CHINA INDEXES DOWN
Chinese blue-chips fell more than 1%, taking MSCI’s index of emerging market shares 0.4% lower. Investors are also looking forward to U.S. jobs data that could sway the Federal Reserve’s policy outlook.
2021, June, 28, 13:30:00
CHINA'S CLEAN ENERGY TRANSITION
The Plan targets non-fossil fuel energy reaching only 20% of China’s energy supply by 2030; this means that coal must remain China’s dominant electric power generation fuel source for the foreseeable future.
2021, June, 24, 12:10:00
CHINA NEED COAL
A conservative estimate would be for coal consumption of around one billion metric tonnes in 2050, still contributing 10%-15% of China's total energy consumption
2021, June, 24, 12:05:00
CHINA COAL PRICES UP
The most-traded coking coal futures contract on the Dalian Commodity Exchange , for September delivery, ended at 2,037 yuan ($314.24) per tonne.
2021, June, 23, 11:40:00
CHINA INDEXES UP ANEW
t the close, the Shanghai Composite index was up 0.25% at 3,566.22, rising for the third consecutive session. The blue-chip CSI300 index was up 0.49%.
2021, June, 22, 12:30:00
CHINA INDEXES UP
The blue-chip CSI300 index rose 0.6% to 5,122.16, while the Shanghai Composite Index closed up 0.8% at 3,557.41.
