China's benchmark stock indexes are set to scale new peaks this year on the back of the country's strong economic recovery, renminbi appreciation and steady foreign capital flows, experts said.
Key MSCI index adds five STAR securities
1 2021-05-13 09:59:39China Daily
Editor : Wang Yifan
ECNS App Download An attendee takes a snapshot at the launch ceremony of the STAR Market in Shanghai. (Photo by Wu Jun/For China Daily)
The technology-focused STAR Market of the Shanghai Stock Exchange is gaining increasing attention from international investors, judging by the latest inclusion of five STAR Market stocks in the MSCI flagship index.
Five STAR Market stocks were included in the MSCI China A Index Series which was revised on Tuesday to add Tianjin-based biomedicine company CanSino Biologics Inc, China Railway Signal & Communication Corporation Ltd, Shanghai-based semiconductor maker Montage Technology, battery test equipment manufacturer Zhejiang HangKe Technology Inc Co and Yantai-based electrical components maker Raytron Technology.
Railway Signalling System Market Research Report by Technology – Global Forecast to 2025 – Cumulative Impact of COVID-19 padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
By Addison Gong
22 Feb 2021
In this round-up, China urges the US to help improve their bilateral relationship, the banking and insurance regulator sets restrictions on lenders participating in the online loan market, and FTSE Russell decides to include 11 Star market stocks in its global equity benchmarks.
China is open to more dialogue and cooperation with the US to “put the Sino-US relationship back on track”, Chinese foreign minister Wang Yi said at an event on Monday. Beijing is willing to contribute together with the US in fighting the Covid-19 pandemic and climate change, as well as in the global economic recovery, said Wang, calling these the “most urgent tasks facing the international society”.
Chinese blue-chips dip on high valuations, policy tightening fears Reuters 2/22/2021
Popular Searches STAR Market firms rise on FTSE Russell inclusion plan
SHANGHAI, Feb 22 (Reuters) - Chinese blue-chips slipped on Monday, after touching record highs last week, hit by investor concerns over high valuations of these stocks and possible policy tightening. China s blue-chip CSI300 index fell 1.47% to 5,693.85 by the end of the morning session. The Shanghai Composite index was down 0.06% at 3,693.88. Liquor shares swooned, with Kweichow Moutai Co Ltd dropping 4.63%, as selling by foreign investors through the Stock Connect channel weighed. The consumer staples sector slumped 4.18% and the healthcare sub-index dropped 3.28%. Despite the falls, valuations are still near record highs and some analysts expect earnings to remain strong on a cyclical recovery. In particular, we could see a sharper rotation into cyclical stocks like banks, materials and energy, with tec