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Aramco takes 10% strategic stake in Rongsheng Petrochemical, deal strengths both parties downstream global presence

Markets

Equity

World’s 1st Investment Strategy focuses on China’s shares trading risks

Equity

Access to World’s 1st Foreign Investors Rating on China’s A-shares!

Equity

STAR Market Daily: STAR 50 rises 0.94%, RMB 88.8 bln traded

Markets

Equity

STAR Market Daily: STAR 50 falls 1.48%, RMB 62.9 bln traded

Markets

Equity

China Stock Markets Daily: Shanghai +0.65%, Shenzhen +0.62%, HK +0.58%

Shanghai Composite Index closed at 3,261.25, up 0.65%, Shenzhen Component Index climbed 0.62% to 11,651.83, and the Hang Seng Index rose 0.58% to 20,309. The trading volume for the three exchanges recorded RMB 1.12 trln (USD 162.72 bln).

Equity CKN

2023/03/30 08:41:52

686

STAR Market Daily: STAR 50 rises 0.33%, RMB 78.7 bln traded

Shanghai Stock Exchange STAR 50 closed at 1,065.69 on Thursday. The STAR Market recorded a total trading volume of 1.56 bln shares with a turnover value of RMB 78.7 bln.

Equity CKN

2023/03/30 07:51:08

734

USD/CNY fixing up 0.17% at 6.8886

The central parity rate of USD/CNY set at 6.8886 this morning 09:15, up 0.17% from yesterday's 6.8771.

This rate is set by the China Foreign Exchange Trade System that first enquires prices from all market makers before the opening of the market on each business day at 09:15 BJT. The weighted average from these sources is determined by the CFETS in line with the transaction volumes of the respective market makers as well as other indicators.

Macro · Policy Ted Worley

2023/03/30 06:40:54

727

Foreign Investors Rating among A-shares with highest A+ grade expected to rise 20% in second half 2023

Months before the outbreak of Covid-19 pandemic China had removed investment quota on Qualified Financial Institutional Investor (QFII), and trading bands for Hong Kong Stock Connect (accessing China’s A-shares from HKEx) also increased as China Securities Regulatory Commission (CSRC) vying to attract foreign investments. Most importantly, the highest governing body, the State Council has also given clear instruction to encourage greater participation of foreign investors. Aptly put it, President Xi has reiterated that ‘China will uphold openness, and unswervingly expand in opening up so that the Chinese market will become a global, shared market – it’s everyone's market’. On positive notes, China stock markets were ranked highest in returns for 2020, the Shenzhen Stock Exchange rose 36%, and Shanghai placed in the world’s top 10, and A-shares’ total market capitalization (excluding HK, Taiwan and Chinese companies listed outside China) had exceeded RMB 70 trillion (USD 12 trillion), second largest after the U.S. The active and liquid trading in the Chinese stock markets is huge motivator for foreign stockbrokers and financial institutions to initiate a broader and comprehensive research coverage in recent years. Under such pretexts, China Knowledge has launched a barometer and rating system to boost the urgency and relevancy of investor relations (IR) of China’s listed companies; and such ratings allow

Ted Worley

Markets · Equity

2023/03/30 02:28:21

814

STAR Market Daily: STAR 50 falls 0.33%, RMB 95.2 bln traded

Shanghai Stock Exchange STAR 50 closed at 1,057.49 on Monday. The STAR Market recorded a total trading volume of 2.1 bln shares with a turnover value of RMB 95.2 bln, up 4.3% from last Friday.

Markets · Equity CKN

2023/03/27 10:04:49

4,178

Zhongjin Petrochemical achieves breakthrough in applications of disproportionation catalyst for industrial use

Zhongjin Petrochemical, a subsidiary of Rongsheng Petrochemical (002493), has achieved breakthrough in developing disproportionation catalyst for industrial use. The successful application of this new disproportionation catalyst took place this month at Zhejiang Petroleum & Chemical’s (ZPC), another subsidiary of Rongsheng Petrochemical, production facility with 3.5 million T/A capacity.

Business · Markets · Equity CKN

2023/03/20 04:04:08

7,616

China's Stock Mkts Closed Updates: SSE Index -0.72%, SZSE Index -0.77%, HSI -2.27%, total trading amount to USD 160 bln

Shanghai Composite Index closed at 3,245.31, down 0.72%, Shenzhen Component Index finished at 11,416.57, down 0.77%, the Hang Seng Index closed at 19,247.96, down 2.27%. The trading volume for three exchanges recorded USD 160.4 bln, up 8.42% from the previous trading day.

Markets · Equity CKN

2023/03/14 10:06:54

11,021

STAR Market Daily: STAR 50 rises 1.45%, RMB 74.1 bln traded

Shanghai Stock Exchange STAR 50 closed at 1,013.39 on Tuesday. The STAR Market recorded a total trading volume of 1.9 bln shares with a turnover value of RMB 74.1 bln, up 24.5% from yesterday.

Markets · Equity CKN

2023/03/14 10:03:56

10,231

Foreign Investors Rating among A-shares with highest A+ grade expected to rise 20% in second half 2023

Ted Worley

Markets · Equity

2023/03/30 02:28:14

701

USD/CNY fixing down 0.40% at 6.9375

The central parity rate of USD/CNY set at 6.9375 this morning 09:15, down 0.40% from last Friday's 6.9655.

Markets · Money Mkt CKN

2023/03/13 05:32:22

11,280

STAR Market Daily: STAR 50 rises 0.44%, RMB 51.5 bln traded

Shanghai Stock Exchange STAR 50 closed at 994.89 on Wednesday. The STAR Market recorded a total trading volume of 1.4 bln shares with a turnover value of RMB 51.5 bln, down 12.6% from yesterday.

Markets · Equity CKN

2023/03/08 10:25:37

12,975

STAR Market Daily: STAR 50 falls 1.69%, RMB 58.9 bln traded

Shanghai Stock Exchange STAR 50 closed at 990.58 on Tuesday. The STAR Market recorded a total trading volume of 1.7 bln shares with a turnover value of RMB 58.9 bln, down 12.7% from yesterday.

Markets · Equity CKN

2023/03/07 10:06:29

14,588

China A50 index falls 0.21% on opening

FTSE China A50 index falls 0.21% on opening to 13,542.76.

Markets · Equity CKN

2023/03/06 04:34:04

13,576

USD/CNY fixing down 0.24% at 6.8951

The central parity rate of USD/CNY set at 6.8951 this morning 09:15, down 0.24% from last Friday's 6.9117.

Markets · Money Mkt CKN

2023/03/06 04:33:20

14,431

Jht Design’s IPO to debut on Shanghai Stock Exchange

Jht Design (603061) to start trading on the Shanghai Stock Exchange's Main Board Mar 3, tomorrow. The firm has issued 15.00 mln shares priced at RMB 58.58 per share raising RMB 878.7 mln. Its price-to-earnings ratio (PE) stands at 22.99. During subscription the IPO was 6,179 times oversubscribed.

Markets · Equity · IPO CKN

2023/03/02 10:24:37

15,423

Sichuan Rongda Gold’s IPO to debut on Shenzhen Stock Exchange

Sichuan Rongda Gold (001337) to start trading on the Shenzhen Stock Exchange's Main Board Mar 3, tomorrow. The firm has issued 60.00 mln shares priced at RMB 7.09 per share raising RMB 425.4 mln. Its price-to-earnings ratio (PE) stands at 22.98. During subscription the IPO was 2,465 times oversubscribed.

Markets · Equity · IPO CKN

2023/03/02 10:24:14

16,038

Zhejiang Petroleum and Chemical obtained national accreditations on product quality, ESG and safety management integration

After rigorous reviews and wide-scale audits on Zhejiang Petroleum & Chemical (ZPC), a subsidiary of Rongsheng Petrochemical (002493), Beijing Sanxing Samsung 9000 Certification Body has finally endorsed the chemical giant the accreditation and certification on product quality, environmental-protection, and occupational health and safety management systems.

Business · Markets · Equity CKN

2023/03/02 09:29:41

15,578

Jiangsu Mupro Ift debuts on Beijing Stock Exchange, rose 15%

Jiangsu Mupro Ift (836422) opened at RMB 10.2 on its first day trading on the Beijing Stock Exchange, an increase of 20.00% from its IPO price of RMB 8.5.

Markets · Equity · IPO CKN

2023/03/01 09:26:52

16,682

News Flash

Fuyang Investment Development Group Co.,Ltd has issued RMB 500 mln 3-year private placement note on the the interbank bond market with a coupon rate of 3.13%

2022/10/28 05:45:09

Jiaxing Jiaxiu Development Investment Holding Group Corporation Limited has issued RMB 470 mln 3-year private placement note on the the interbank bond market with a coupon rate of 3.16%

2022/10/28 05:44:55

Fuyang Investment Development Group Co.,Ltd has issued RMB 700 mln 3-year private placement note on the the interbank bond market with a coupon rate of 3.08%

2022/10/28 05:44:37

Investment In Jiangsu Yixing Economic Development Zone Development Co.,Ltd has issued RMB 300 mln 3-year private placement note on the the interbank bond market with a coupon rate of 2.98%

2022/10/28 05:44:20

Tianjin Wuqing District State-Owned Asset Management Investment Co.,Ltd. has issued RMB 1 bln 3-year private placement note on the the interbank bond market with a coupon rate of 7%

2022/10/28 05:44:04

Chongqing Wanzhou Economic And Technologicaldevelopment Company(Group) Limited has issued RMB 1 bln 5-year private placement note on the the interbank bond market with a coupon rate of 6.4%

2022/10/28 05:43:42

Xinyi City Investment Development Co.,Ltd. has issued RMB 500 mln 2-year private placement note on the the interbank bond market with a coupon rate of 5.5%

2022/10/28 05:43:28

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