August 26, 2016 / 12:22 AM / 2 years ago

China Stocks-Factors to watch on Friday


* HK->Shanghai Connect daily quota used 4 pct, Shanghai->HK daily quota used 12.8 pct

* SSEC -0.6 pct, CSI300 -0.6 pct, HSI +0.0 pct

* CNY official close 6.6609 per dollar

* FTSE China A50 -0.4 pct, BNY Mellon ADR China Select Index +0.0 pct

Aug 26 (Reuters) - Following is a list of recent corporate and policy announcements, as well as other news that might affect Chinese financial markets.

Policy, government, sector news:

* Will make sure Shenzhen-Hong Kong Stock Connect is opened within this year - Shenzhen Stock Exchange

* Talk of “600 bln yuan universal life insurance funds will withdraw from A-share market” is not factual - insurance regulator

* China urges banks to spread out tenors of loans - sources

* China state planner approves $4.7 bln urban railway project, approves $2 bln highway project in northeast

* China banking sector’s assets up 14.5 pct at end-July y/y

* China’s AgBank to tighten lending to coal, steel, metals companies

Company moves:


* China Life Insurance’s H1 net profit down 67 pct

* China Citic Bank’s H1 net profit rises 4.5 pct y/y

* China’s BoCom , CCB report near flat first-half profit as margins squeezed

* Aluminum Corp of China’s H1 net profit jumps 3,623.1 pct y/y

* Wanda Commercial says H1 core profit up 20 pct

* Anxin Trust’s H1 net profit up 67.5 pct

* SDIC Essence’s H1 net profit down 44.8 pct

* Daqin Railway’s H1 net profit down 49.9 pct

* Guangdong Wenshi Food to invest in finance firm, H1 net profit up 330.1 pct

* China COSCO swings to net loss in H1

* ZTE’s H1 net profit up 9.3 pct

* Yonghui Superstores’ H1 net profit up 27.2 pct

* Shanghai Electric Power’s H1 net profit down 16.6 pct y/y

* Shanghai Pharmaceuticals HY net profit up 12.94 pct

* Jiangsu Bicon Pharma’s H1 net profit up 153.4 pct y/y

* Dalian Port releases HY results

Equity changes/IPOs

* China’s Postal Savings gets HK nod for $8 bln IPO -IFR


* EXCLUSIVE-China’s Ningbo Shanshan in bid to buy SQM stake - sources

* China Railway Erju to swap 100 pct stake in railway construction unit, to issue new shares to acquire company and raise fund

Other moves (spin-offs, divestitures, deals)

* China Railway Group plans to invest at least 80 bln yuan in Guiyang city

* Baofeng plans share issue to fund projects

* Shanxi Meijin Energy plans to set up Australian unit

* Shanghai Lujiazui Finance to sell 100 pct stake and part of creditor’s right of asset management company at 1.52 bln yuan

* Ningbo Tuopu Group becomes a supplier of Tesla Motors (Compiled by Luoyan Liu)

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