Shanghai’s over-the-counter equity market was almost deserted on a weekday morning last week. Two cleaning ladies swept the floor of a trading hall devoid of brokers or computers, while a woman at an information desk ate breakfast and talked on her mobile phone.
China, the second-biggest corn user, may increase imports to a record in the marketing year starting Sept. 1 as wet weather in its northeast region cut grain quality, according to advisory service Yigu Information Consulting Ltd.
China’s stocks rebounded from a four- month low, erasing a weekly decline by the benchmark index, as investors speculated inflation may ease in coming months, reducing the need for further tightening measures.
China’s securities regulator has suspended approval of exchange-traded funds seeking to list on the Shanghai Stock Exchange since technical glitches in November, the Oriental Morning Post reported, citing unidentified people.
China’s stocks fell the most in almost a week after a preliminary report on manufacturing signaled a sixth month of contraction and officials tightened standards for small companies listed on the ChiNext Board.