A MATURING MARKET

China’s stock market is getting older and wiser, but by international standards it has a long way to go China’s stock market is still a teenager, but it’s a healthy one with dreams of becoming more like the grown-up markets internationally.Especially for China’s stock market, 1998 was a long time ago.That was the year Shenzhen Development Bank issued public stock—the first such kind approved by the Chinese Government.     

ECONOMY

<正>Economy Unaffected The recent stock market turbulence will not have a major spillover effect on China’s real economy,global rating agency Moody’s said on July 16.The equity market turmoil does not warrant a change in the agency’s forecast that China’s real economic growth will reach 6.5 to 7.5 percent this year and 6 to 7 percent in 2016,Moody’s Investors Service said in a report.China’s stock market has been on a roller coaster ride for the past few weeks.The benchmark Shanghai Composite Index slumped more than 30 percent at its lowest point from the peak in June.     

Pension Funds Are Not a Straw for Stock Markets to Clutch at

正As pension funds will soon be permitted to invested in stock,the market is highly expectant that they will expand the source of funds in China’s A-share market.However,when it comes to pension funds,which are special in nature,safety should come first once they are invested in such markets.For China’s A-share market,the significance of pension funds lies in offering a new long-term and steady investment source,rather than merely a short-term market increase.In the mid and     

What Can We Learn From the Stock Market Plunge?

<正>The past month has been unforgettable for investors in China’s A-share market.A sharp fall in stock index,a sudden drain on liquidity and a panic sentiment are all unprecedented in the history of China’s stock market.With the government’s direct intervention,the stock market has stabilized,but it still faces the arduous task of reconstruc-     

CHINESE FILM INDUSTRY THRIVES UNDER THE MARKET ECONOMY

China’s first cinematic production made its debut in 1905. By the 1930s and 1940s, the country had a ourishing film industry. It was after the reform and opening-up policy came into effect in the late 1970s that Chinese film first appeared on the international stage. China now looks set to overtake the U.S. as the world’s biggest film market.     

Bridge Opens Markets Soar

正New stock connect rises to open China’s capital market and push the yuan global After waiting for more than half a year,the Shanghai-Hong Kong Stock Connect program,which allows mainland and Hong Kong investors to trade shares on each other’s bourses,was eventually launched on November 17,boding well for the reform on China’s capital market.     

Optimistic Market Observer

China’s redhot stock market is a place toharvest not only wealth, but also fame.Wang Zhongming, previously littleknown head of research with China’sstate-owned assets watchdog,became a cult hero to stock marketplayers overnight when he chal-lenged mainstream opinion on May19, announcing that “national stockfever” is to be welcomed and notfeared.     

Trimming the Excess

Reducing overcapacity is a must for China to transform its economy BBMG Corp.is a large cement producer listed on China’s stock market.Two of its subsidiaries are being eliminated because the Ministry of Industry and Information Technology(MIIT) has deemed their capacity excessive. "We will,in accordance with the MIIT’s requirements,pull down the two subsidies by the end of September.The eliminated capacity only accounts for a small proportion of the corporation’s total capacity,therefore the performance of the corporation will not be affected,"said a BBMG statement. According to its 2013 semi-annual report, BBMG now has a cement production capacity of 45 million tons,while each of the two subsidies to be shut down only has     

More Regulations for Real Estate.Now What?

Due to China’s latest moves to rein in property prices,the mainland stock exchange on March 4 saw plunges of stock prices in sectors like real estate,building materials,cement,coal and steel.Without a doubt,the real estate sector still plays a predominant role in China’s economy and investment market. When people expected prices for new commercial housing and renting to be boosted by the 20-percent personal capital gains tax levied     

STILL PULLING ITS WEIGHT

<正>Despite recent market turbulence and prolonged slowdown,China is still the backbone of global growth The sheer size of China’s market means that its suffering is the world’s suffering.There’s no better evidence for the expression than what happened in August—China’s stock market rout rattled investors abroad and     

Policy Combo to Stabilize the Plummeting Stock Market

<正>July 9:Vice Minister of Public Security Meng Qingfeng leads a team to visit the head office of the China Securities Regulatory Commission(CSRC),a sign that the Chinese police have joined the securities regulator to probe clues related to malicious short selling amid recent chaos in the stock market. July 8:The People’s Bank of China(PBC)says it will provide ample liquidity to help stabi-     

Golden Era To Come

<正>China’s robot industry leader anticipates flourishing next five years China now has become the world’s largest application market of industrial robots,accounting for one third of global market share,according to a report on China’s robot industry released by the Chinese Institute of Electronics earlier this year.While foreign robot     

Market Watch

TO THE POINT: Spring Festival comes, and Spring Festival goes. The nation’s biggest holiday was rewarding for consumer products manufacturers and retailers. The festival period consumption jumped 15 percent compared with that of last year. Right after the seven-day carnival, China’s central bank showed its concerns over excessive capital liquidity and raised the bank reserve requirement ratio another 0.5 percent, a mild move to calm down the white-hot investment and stock market speculation. Also after the festival, which has always been a big test for China’s transportation capability, Air China and Qunar.com had announced an online ticket search and booking service for travelers’ convenience. The last week of February was a black week for most traders in the stock market. February 27 saw the benchmark Shanghai Composite Index drop 9 percent, the sharpest of its kind in a decade and many lost their money. For newcomers to the stock market, what they have lost is probably confidence. In a country low in inflation, individuals are still keen on buying gold for family financial stability in case real inflation takes place. Though gold output in 2006 reached an unprecedented high, the amount was still insufficient and will face strong demand in the future. Meanwhile, by the end of 2006, total banking assets in China hit a record high, accounting for 5 percent of the world’s total. The Big Four state-owned commercial banks are still major players with relatively good performance.     

Nasdaq Comes to China

As more Chinese companies begin looking for opportunitiesabroad, the world’s largest electronic stock market, Nasdaq—which has often partnered with small start-up companies—maybe within easier reach than ever before. Today, there are 29 Chinese mainland-based companieslisted on the Nasdaq, most of which are dotcoms. Granted,that’s still a small share of the 3,200 companies listed onNasdaq, but the market is certainly reaching out to China. Nasdaq is planning on opening an office in Beij…     

MARKET WATCH

Inflation continues to stretch policymakers’ nerves as consumer prices continue running high. Import growth has outpaced export,a reflection of China’s trade rebalancing.Consumption and investments are holding up, putting a solid floor under the slowing economy.Woes of the U.S. economy have sent a shiver throughout the globe, including China’s stock markets. The gloomy auto market has shown signs of recovery.     

MARKET WACH

TO THE POINT: Although China’s stock market tanked on February 27, with the Shanghai Composite Index dropping 9 percent in a single day, it’s still too soon to tell whether this year of the pig will attract a bear or bull as its financial mate. Here’s what is known: China Premier Wen Jiabao expects GDP to grow at 8 percent this year, which would be a major decline from last year but obviously still strong And Chinese blue chip companies are still looking for ways to list back home, like CNOOC. Shanghai is also looking to open its stock exchange to Hong Kong investors, and let’sface it, when China opens up anything, business usually comes rushing in. The running of the bulls in China hasn’tbeen cancelled yet, even if some see thunderstorms in the financial forecast. In other news, China is getting tough on domestic automakers, Sinopec is planning big expansions,Baotou Iron and Steel isn’t, and stock index futures are in the works in China.     

RUNNING WITH THE BULL

China’s stock market is booming, but will investors keep the momentum going?It was a surprise indeed when the Shanghai Composite Index began to reach record highs in the second half of 2006. Intrigued by the burgeoning stock market and potential benefits, morepeople began opening new accounts in securities trading departments, which were much busier than in the first half of 2006.     

MARKET WATCH

正OPINION Stock Market:Waiting for a RallyThe initiation of deepening reforms following the Third Plenary Session of the 18th Central Committee of the Communist Party of China in November 2013 and the U.S.Federal Reserve’s(Fed)exit from quantitative easing(QE)are almost certain to exert a significant influence on China’s stock market in 2014.     

The Power of the Market

IN 1992, China set out to establish a socialist market economy system-a move that jump-started reforms to the film distribution system the following year. In 2001, the year negotiations were concluded on China’s terms of membership of the WTO, film was defined as a product of the service and trade sector. Since then, the market force has gradually become predominant in the industry’s development.     

Rescue Mission Underway

<正>With a raft of supportive measures in place,will China’s stock market bottom out amid a continued plunge? Lin Hong,a 28-year-old software engineer,is an amateur stock trader living in Beijing.The three weeks from June 15 to July 3proved to be a nightmare for him.The market value of the stocks,worth half a million yuan($80,530)when he bought them,evaporated by 40 percent amid a market slump.