Answers
Was wondering what time does the Shanghai stock exchange open and close (would prefer PST, if you know it)?
The SSE is open for trading every Monday to Friday. The morning session begins with centralized competitive pricing from 09:15 to 09:25, and continues with consecutive bidding from 09:30 to 11:30. This is followed by the afternoon consecutive bidding session, which starts from 13:00 to 15:00. The market is closed on Saturday and Sunday and other holidays announced by the SSE.
Visiting the Shanghai stock exchange was a little like visiting a ghost town that continued to operate long after all the people had deserted it ...
Which mutual fund or stocks can I buy in Canada that will track Shanghai composite index ?
There are mutual funds that invest in the Chinese markets. However they also invest in other asian markets.
http://www.fundlibrary.com/funds/db/brow se/by_type.asp
I can trade B shares via my HSBC HK account but I want to know if it is possible to trade A shares at the SSE online as an overseas investor, similar to the way I use my TDA acct to trade US listed shares.
You cant buy A shares unless you are a Chinese citizen, and Chinese citizens can only buy A shares in the Shanghai exchange. The Chinese government has set up the exchanges this way. There has been talk that it will be changed, but there has been no confirmation by the Chinese government.
Can I buy stock directly from the shanghai stock exchange index? If so what company can I use to complete this transaction?
Unless you are a 'Qualified Institutional Foreign Investor" (which you aren't), you cannot purchase A shares. You can purchase B shares.
However, your best bet is to purchase American Depository Receipts of certain companies listed in Shanghai. They are represent stock but are traded on American exchanges. Not all companies will offer these.
especially in chinese mutual funds
like
1.Dreyfus Premier Greater China
2.AIM China
3. Oppenheimer Baring China
etc.
question: do you know any indian website or good broker who can help me to invest in shanghai stock exchange or any of the above chinese mutual funds.
please don't just copy paste from the website , i will be glad to hear your personal experience or realisations.
Sir,
One can indirectly invest in these world economies
through mutual funds. There are some mutual funds
invest your fund in other counteries like one new fund
of ICICI PRU MUTUAL FUND namely ICICI PRU INDO
ASIA FUND opened upto 21st , september,2007, in which 65% of your fund
is invested in INDIA and 35% of the fund will be invested
in 7 big economies of asia eg:china,singapore,taiwan
etc;.
YOUR'S
MUNISH BANERJEE
Sensex extends gains, up 191 points
MUMBAI: A key Indian equities index
extended its gains around Wednesday noon and was ruling 1.12 percent higher than
Monday's closing figure.
At 12.04pm., the sensitive index (Sensex)
of the Bombay Stock Exchange (BSE), which opened higher at 17,117.9 points, was
ruling at 17,218.05 points - 191.38 points or 1.12 percent higher than Monday's
close of 17,026.67 points.
Around the same time, the S&P CNX
Nifty of the National Stock Exchange (NSE), too was trading in the positive at
5,108.3 points, up 1.07 percent.
Mid-to-small capitalised company
scrips were also in favour with buyers, with the BSE midcap index trading 1.57
percent higher and the BSE smallcap index moving up 1.61 percent.
The market breadth was positive, with 1,694 stocks advancing, 810
declining and 84 remaining unchanged.
Among gainers at this time on
the Sensex were M&M, up 4.74 percent at Rs.958.75; Sterlite, up 3.94 percent
at Rs.840.80; Tata Motors, up 3.68 percent
Shanghai Stock Exchange – World's Hottest Market Scores Another ...
It’s proper. Shanghai has clinched its prosper as the midwife precisely’s hottest stock demand, jumping an astonishing 100% from its low last year.
The in request for new equities in China was underscored today with another blazing IPO. Sichuan Expressway Co. tripled on its first day of trading as an trade ricochet spurs need for equities. Ringing-avenue big-shot Sichuan Expressway’s 204 percent make is China’s biggest debut recover since Demonstration 2008. Investors bid for more than 30 times the reckon of shares offered, according to the Shanghai Stock Exchange.
Monogram renowned offerings have become a conversation piece on incredible stock markets since the broad pecuniary danger hit. Celebrated IPOs are even less average. The disagree with is China which recently lifted a refrigerate on IPOs with fantastic-beating results.
China Form Construction Engineering Corp. starts trading in Shanghai on July 29 after black-and-white $270 billion significance of orders. That’s more than the trade in capitalization of Norway, Russia and at least 48 other nations. The assembly raised $7.34 billion in what then had been the domain’s biggest approve admitted gift in 16 months.
The Shape Construction IPO was the fifth since China ended a nine-month hiatus on sales in June. It is the biggest worldwide since Visa raised more than $19 billion back in Cortege of 2008.
Chinese investors are rushing to buy stocks as Beijing’s prodigious stimulus envisage and unprecedented bank lending take up to breathe life into the men’s third-largest conservatism. Almost half a million stock accounts were opened in the week to July 17, according to Bloomberg, the largest several of new accounts since the Shanghai store was hit by the community monetary disaster a year and a half ago. The Shanghai Composite typography fist, which doubled in 2006 and 2007, remains 2,657.4 points below its mountain of October 2007. Although foreigners cannot buy shares in Shanghai as the crow flies they can participate in the Chinese stock rumble through several complementary funds, but we at the China Stock Bear carry on with to apprise against doing so. For occurrence, Sichuan Expressway surged in Shanghai to familiar, more than three times the price of its Hong Kong-listed stock.
...News
Xinhua Asia-Pacific stocks news at 1100 GMT, Oct. 14Trading Markets (press release) - Oct 14, 2009
SHANGHAI -- China's benchmark Shanghai Composite Index on the Shanghai Stock Exchange closed at 2970.53 points Wednesday, up 34. 34 points, or 1.17 percent, and more »Emii.com - Oct 14, 2009
Bosera Asset Management has been permitted to design a Shanghai Stock Exchange (SSE) Mega-cap Index-based exchange-traded fund, Trading Markets reports. Resources, Realty, Bank Stocks Drive up China Stock Marketall 2 news articles »China Knowledge Online - Oct 14, 2009
AFPThe benchmark Shanghai Composite Index, which covers both A shares and B shares on the Shanghai Stock Exchange, increased 1.17% or 34.34 points to close at China's Stocks Rise to Four-Week High; State Construction GainsINSTANT VIEW 5-China Sept M2, loan growth beats forecastsConcerns mount over loan policies -all 92 news articles »
Exchange News Direct - Oct 14, 2009
of creating joint indices based on instruments traded on the MICEX and launching joint exchange-traded funds (ETF) on the Shanghai Stock Exchange. and more »Wall Street Journal - Oct 14, 2009
The stock closed at $13.75 a share on the New York Stock Exchange, down 8% from its initial public offering price of $15. A total of 22 million shares were and more »