Li Jun News
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China’s overnight money-market rate dropped for the first time in more than two weeks on speculation the supply of cash will improve as the central bank pumps capital into the financial system.
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China’s stocks rose for a fifth day, sending the benchmark index to its longest winning streak in three months, as technology and solar companies climbed on improving earnings prospects.
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Chinese stocks rallied, capping the longest streak of weekly gains in four months, on speculation the government will accelerate economic reforms.
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China’s stocks rose to a two-week high as commodity producers jumped on U.S. jobs data and China United Network Communications Ltd. led a rally for phone companies after its controlling shareholder increased its stake.
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China’s stocks rose the most in two months before a report that may show manufacturing expanded and as Market Studies LLC’s Tom DeMark said Shanghai’s equity index will rally as much as 28 percent by September.
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China may cut banks’ reserve requirements before the end of this year to stoke lending to small companies and boost the economy, said Guotai Junan Securities Co., Mizuho Securities Asia Ltd. and Barclays Plc.
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Chinese stocks rose for the first time in six days, led by companies whose earnings are least vulnerable to economic growth.
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China’s stocks fell for the first time in nine days on concern the government may introduce measures to curb gains in property prices and after a rally for the benchmark index drove valuations to 17-month highs.
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Chinese B shares, created in 1992 for foreign investors, have soared to a two-year high in Shenzhen on speculation that more companies will seek to list in Hong Kong, where companies are awarded higher valuations. Their Shanghai- traded peers, which have lagged behind, may join the bonanza.
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Emerging-market stocks fell to a one-week low and currencies weakened after the World Bank and Germany cut economic growth forecasts and India’s central bank chief tempered expectations for monetary stimulus.
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