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Top related persons:
Sumeet Chatterjee - 1 Aly - 1 Huang Yan - 1 Jason Xue - 1 Tom Westbrook - 1 Tomasz Janowski - 1 Jason Neely - 1
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HONG KONG BEIJING headwinds Beijing Hong Kong Lincoln Shanghai China
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Topsperity Securities - 2 Shanghai - 2 Thomson - 2 Ministry of Finance - 1 State Council - 1 Information Office - 1 of Finance - 1 China Securities Regulatory Commission - 1

Search resuls for: "Topsperity Securities"


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☆ Exclusive: China plans to cut stamp duty on stock trading by up to 50% to revive sentiment-sources
  + stars: | 2023-08-25 | by ( ) www.reuters.com   time to read: +4 min
The proposal to reduce the current 0.1% stamp duty on securities trading suggested a cut of either 20% or 50%, which would be the first such cut since 2008, the two people said. The CSRC also said stablising the stock market was a priority. "A cut in stamp duty (on stock trading) can help decrease investment cost and boost trading activity," analysts at broker Topsperity Securities said in a note. "Compared with previous policy measures, a cut in stamp duty may have a stronger effect in repairing investor confidence. Earlier this month, Bloomberg first reported Chinese authorities were considering cutting the stamp duty on stock trades.
Persons: Sumeet Chatterjee Organizations: Ministry of Finance, State Council, Information Office, of Finance, China Securities Regulatory Commission, Bond, Reuters, Topsperity Securities, Bloomberg, Shanghai, Thomson Locations: HONG KONG, BEIJING, headwinds, Beijing, Hong Kong, Lincoln
☆ Zhongrong Trust's missed payments trigger fears among Chinese investors
  + stars: | 2023-08-16 | by ( ) www.reuters.com   time to read: +3 min
Investors look at an electronic board showing stock information at a brokerage house in Shanghai, China, March 7, 2016. REUTERS/Aly Song/File Photo Acquire Licensing RightsSHANGHAI, Aug 16 (Reuters) - Anxious Chinese retail investors are bombarding listed companies with questions about their exposure to Zhongrong International Trust Co after missed payments by the trust company triggered fears of contagion across the country's financial system. Zhongrong managed assets worth 785.7 billion yuan ($107.69 billion) at the end of 2022, out of which 629.3 billion yuan were linked to trust products, according to its latest annual report. Its missed payments had added to stress in the financial sector from the country's worsening property crisis. One investor on Wednesday asked Shanghai-listed New China Life Insurance Company (601336.SS) - which owned 14 billion yuan ($1.92 billion) of products from Zhongrong at the end of last year - whether there was a risk of missed payments.
Persons: Aly, Huang Yan, Jason Xue, Tom Westbrook, Tomasz Janowski, Jason Neely Organizations: REUTERS, Rights, Zhongrong International, Co, Investors, Shanghai QiuYang, Zhongzhi Enterprise Group, Wednesday, Shanghai, China Life Insurance, KBC Corp, Bescient Technology, Shanghai New Vision Microelectronics, Nanhua, Jiangsu Azure Corp, Topsperity Securities, Thomson Locations: Shanghai, China, Shenzhen, Zhongrong, Jiangsu, Singapore
☆ Air travel recovers in China amid COVID infection worries
  + stars: | 2023-01-14 | by ( ) www.reuters.com   time to read: +5 min
The industry needs to "fully understand the special nature, and complexity of the Spring Festival migration in 2023", Song said in a statement on Friday. It expects a Spring Festival boom in tourism. Cinema box office receipts are on track to generate revenue of as much as 10 billion yuan ($1.5 billion) during the Spring Festival period, a brokerage has forecast. According to Guosen Securities, box office revenues in 2022 totalled less than 30 billion yuan, down 36% from a year earlier. ($1=6.7010 Chinese yuan renminbi)Reporting by Shanghai newsroom; Editing by Tony Munroe and Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.
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