The Shanghai Stock Exchange said it’s “basically ready” to let foreign issuers sell stock, paving the way for companies from HSBC Holdings Plc to Coca-Cola Co. to list in the world’s second-biggest equity market.
Every month, traders, investors and money managers like Shi Yu cull rumors about China’s soon-to-be- released economic statistics for what might be the official numbers to try and get an edge in the market.
U.S. Securities and Exchange Commission investigators may issue a public rebuke of Lehman Brothers Holdings Inc. and its former executives instead of suing them for actions that led to the firm’s 2008 failure, three people with direct knowledge of the matter said.
China’s foreign-currency denominated shares may extend gains on speculation they will be merged with local-currency stocks ahead of the likely introduction of an international board, said China International Capital Corp.
China’s stocks rose for the first time in three days, led by developers and steelmakers, as the nation’s slowing economy fuelled speculation the government will ease lending curbs and delay raising interest rates.
Guangdong Development Bank Co. said it moved currency and bond traders to Shanghai from its headquarters in Guangzhou as an end to the yuan’s peg against the dollar enhances the city’s role as a financial center.