March 26, 2010
Shanghai Starts Index Futures, Short-Selling Next
Trading in stock index futures will begin April 16 in Shanghai according to Reuters. The Shanghai Financial Futures Exchange will offer futures contracts on the CSI 300 index (made up of 300 leading shares from Shanghai and ShenZhen exchanges). Initial capital requirements will be hefty (500,000 Yuan or over $73,000 US dollars) and margin requirements around 15%. Coming soon short-selling in stocks will be allowed on 40 shares of the Shanghai Composite Index (which 40 shares is unavailable at this time - if you have insight, please let me know) and margin trading is promised as part of a plan to slowly liberalize Shanghai's capital markets...
Labels: csi 300, financial news, futures, shanghai composite
April 10, 2009
New Index for Shanghai Stocks
Details are sketchy but later this month (April 23), the China Securities Index Company (that's CSI as in the CSI 300 Index) will debut the SSE Mega-Cap Index to cover the A share heavyweights. According to China Daily: "The index includes 20 blue-chips with a combined capitalization of 6.16 trillion yuan, accounting for 49 percent of the total market value of Shanghai-based A shares [last] Wednesday"...
Labels: chinese stocks, csi 300
June 10, 2008
China Shares Nosedive
Chinese stock prices collapsed June 10 with the worst showing since the February 2007 pop of the bull run. Chinese financials, banks specifically, were hard hit and the spin on the crash is that markets are nervous about inflation and Beijing's action to raise, for the 5th time in a year, the reserve ratio requirement for banks. But the reserve hike was expected and only the timing could be a surprise. So was the recent improvement just a bear market rally?
Some numbers: benchmark Shanghai Composite closed June 10 just above 3,000 at 3,072.33 down 7.73% back to the level of last spring - CSI 300 Index sank over 8% - and B shares are down almost 7.5% in Shanghai losing almost all of their recent gain - ShenZhen Bs mirror Shanghai's bad performance.
Labels: b shares, china, chinese stocks, csi 300, shanghai composite, shares, shenzhen
Subscribe to Posts [Atom]
