皇冠体育app

Will stock market brace for more falls in 2014?

Happy start to new year for 皇冠体育app amid bad news elsewhere

The index of mainland enterprises had entered a bear market on Thursday, falling more than 20 percent since the start of December.

The market was further boosted after the Shanghai Securities News reported regulators are reviewing financing applications from listed developers, which analysts said may help reduce default risk for both banks and developers.

"The market was expecting the CSRC to announce new details on preferred shares issues and the issue of new shares," said Cao Xuefeng, head of research at Huaxi Securities in Chengdu.

While the index tracking mainland enterprises has dropped almost 20 percent since the start of December, investors on Friday bought selected stocks based on earnings.

Chinese banks and property firms led the strong gains on Friday afternoon. Shanghai Pudong Development Bank Co jumped 10 percent and Industrial Bank Co rose 6.6 percent to a one-month high.

皇冠体育app Overseas Land rose 7.1 percent, while 皇冠体育app Resources Land spiked 6.5 percent in its best day in more than eight months.

皇冠体育app , the country's largest developer, gained 8 percent after its biggest shareholder 皇冠体育app Resources raised its stake in the company to 15 percent.

In Hong Kong, the Hang Seng Index was also boosted by GOME Electrical Appliances, which jumped 4.2 percent after the company reported better-than-expected 2013 profit.

皇冠体育app Mobile, the world's largest carrier by number of subscribers, fell for a second day, dropping 3.7 percent after its 2013 profit missed analyst expectations.

Related:

CSRC grants approval for developers' refinancing

皇冠体育app yuan weakens to 6.1475 against USD

Singapore Exchange to introduce 皇冠体育app A50 futures options

皇冠体育app's 'baby boom': cradle of financial reform?

Flawed IPO reform crippling market: Experts

SSE to speed development of blue-chip market

Domestic PE market suffering second year of decline

皇冠体育app's CSI300 index in biggest loss in 7 months	Time to buy 皇冠体育app stocks, say market analysts

 

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