Aug 17 2016
SHANGHAI-China's State Council on Tuesday approved the launch of the long-anticipated Shenzhen-Hong Kong Stock Connect, almost two years after the country opened a similar link between Shanghai and Hong Kong's stock markets.
Parent Dalian Wanda Group, owned by China's richest man Wang Jianlin, offered HK$52.8 per share to buy out the Hong Kong-listed property unit, aiming to take it private before relisting it in China where it hoped to gain better valuation.
He said over the next three to four months, the stock exchange would conduct technical preparations and testing, update regulations and raise investor awareness, and then await the announcement of a launch date from regulators.
Karine Hirn, partner, and Francois Perrin, a portfolio manager at East Capital, hailed the approval and commented that the Shenzhen exchange has "21st century" China stocks that should appeal to overseas instutional investors as opposed to retail investors.
Shenzen's is the eighth largest stock exchange in the world and fourth largest in Asia, based on the $2.3trn market capitalisation of its constituent companies. Another broader trading quota will be dropped for both trading links. "The entry of worldwide investors will cause differentiation among the Shenzhen-listed companies and allow the cream to the rise to the top".
The opening-up of China's financial sector, including the capital market, is an important part of the country's reform and opening-up endeavors and will play a crucial role in improving the sector's worldwide competitiveness and capability to serve the real economy, the premier said.
Omnium gold for Trott - and two more finals for GB tonight
But her efforts took considerable toll and Trott was seen being sick into a blue plastic bag following the race. Hammer finished runner-up, as she did in London four years ago, while D'Hoore had to settle for bronze.
Puerto Rico reports 10690 Zika cases amid ongoing epidemic
Murphy says the first Zika case in Wyoming doesn't mean an increased risk of the illness in the state. Money for the Zika vaccine research was to run out at the end of the month, USA Today reported.
Usain Bolt eases through the heats in 100m at the Rio Olympics
Bolt, seeking an third consecutive Olympic title in the blue riband event, clocked 10.07 seconds at the Olympic Stadium. The top two times in each heat plus the next eight fastest times advanced to the semifinals.
Nonetheless, Fraser Howie, a long-time observer of China's capital markets, said: "Hopefully this expansion of the [connect] program will mark a new chapter in the market development".
"Under "One Country, Two Systems", Hong Kong is in a unique position to build important connectivity with the Mainland markets and to facilitate the gradual opening of China's capital account", Mr Chow said.
The daily quota under the mechanism will be the same as that under the Shanghai-HK mechanism, or 13 billion yuan (1.96 billion USA dollars) for northbound investment and 10.5 billion yuan for trading Hong Kong-listed shares. But financial shares in Hong Kong fell on Tuesday, pacing sector weakness on the mainland.
China stocks jumped to their highest in more than seven months on Monday, led by property and financial shares, as investors bet that disappointing economic data for July would prod Beijing to unleash fresh stimulus.
But others are less bullish, noting that investor interest for mainland Chinese shares is likely to wane over time.
Aug 17 2016
Number Of TN Volunteers Deployed To Baton Rouge Reaches 49
While in an American Red Cross shelter, residents can leave messages for loved ones on the Red Cross' web page. For the first time, they have expedited the process to become a volunteer because they need so many to help.
Aug 16 2016
Every visible and invisible enemy will be crushed: Pakistan President Mamnoon Hussain
The major flag hoisting ceremony was held at the Pakistan Embassy in Abu Dhabi led by Dr Faisal Aziz Ahmed, Charge d'Affairs. The day dawned with 31 gun salute in the federal and 21 gun salute in the provincial capitals, Radio Pakistan reported.
Aug 15 2016
Hillary Clinton's Campaign Responds To Donald Trump's 'Founder Of ISIS' Comment
At his Erie event, Trump seemed to acknowledge he is facing a formidable opponent in Clinton as well as a hard electoral path. Donald Trump says his repeated claims and that President Barack Obama was the "founder of ISIS" was actually just "sarcasm".
Aug 15 2016
Carson Wentz has hairline fracture in ribs after first National Football League action
Philadelphia's starting right guard, Brandon Brooks, left Thursday's game in the first quarter with a biceps injury. He said after the game "it was hard to breathe for a second" after the hit, but he also said it was "all good".
Aug 15 2016
Bush Cabinet Secretary Will Vote Clinton, Is 'Afraid' of Donald Trump
Last week 70 Republicans wrote a letter urging the RNC to stop helping Trump and to focus instead on candidates for the U.S. At a rally Friday, Trump recalled the pledge all of the Republican contenders signed to support the eventual nominee.
Aug 15 2016
Florida Zika cases rise to 25 as back-to-school day nears
The reason: better insect control as well as window screens and air conditioning that should help curtail any outbreaks. In June, an elderly man died of Zika in Utah, first death linked to the virus in the continental United States.
Aug 14 2016
Mahrez On Target As Champions Leicester Fall To Hull
Television replays showed Hernandez got the first touch, kicking it on to Diomande before it flew in off the underside of the crossbar.
Aug 14 2016
Premier League champions Leicester lose opener to Hull City
Hull would not be kept down though, and Robert Snodgrass restored the Tigers' lead with a wonderful strike into the bottom corner. But Jamie Vardy , the man who scored for fun last term, missed an easy one from an Ahmed Musa assist in the 43rd minute.
Aug 14 2016
Britain Wins Women's Team Pursuit At Rio Olympics 2016
Team GB have won gold in women's team pursuit, in a thrilling day in the velodrome that saw them beat the U.S. team. Women's team pursuit medals will be decided on Saturday.
Aug 13 2016
Usain Bolt Announced His Offical Olympic Retirement With Samba Dancers
So in a few years, sports will be clean and everything will be great". "I think this is the last one for sure". In true Bolt fashion, he exited the press conference doing the samba with a group of Brazilian dancers.
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