The CSI300 index rose 0.5% in the morning session, while the Shanghai Composite Index gained 0.7%. The Hang Seng index dropped 0.4%.
China property stocks surged on reports of policy easing but analysts said regulations to rein in housing prices are little changed
China’s central bank is predicted to tread warily over any monetary policy easing as economic growth looks set to continue slowing in the world’s No2 economy
Yango real estate group wants to exchange some dollar bonds and change terms of its other bonds to improve liquidity. The offer applies to $747m of notes due in early 2022 and Feb 2023.
Share fall follows People’s Bank of China official warning that some overseas securities institutions have not obtained domestic licences.
Brokerages not licensed in China are illegal if they serve mainland clients via the internet, PBOC warns. This is a risk that firms such as US-listed Futu Holding and UP Fintech Holding face.
Speculation is rife among currency specialists over Beijing’s silence on its currency’s recent gains as power shortages, regulatory crackdowns and Covid lockdowns slow down the world's second-biggest economy
The property giant is desperately looking to raise funds to pay its many lenders and suppliers, as it teeters on the edge of a formal default on one of its international bonds
Real estate shares fell 2.6% on Monday, as Beijing pushed plans for a property tax and new data confirmed weakening in the troubled sector
A leading People's Bank of China official has moved to reassure the markets any impact a China Evergrande collapse might have on its financial institutions will be manageable