China's top securities regulator vows to protect investors' interests

Date Oct 15 2018 16:32:23 Source:China Daily

By Yang Yang | | Updated: 2018-10-15 13:26

China's top securities regulator vows to protect investors' interests especially those of the small and medium-sized investors, Securities Times reported on Monday.

China will make efforts to establish an open, fair, just and transparent capital market ecosystem, boosting investors' confidence in capital market's reform and opening-up and regulatory measures.

Liu Shiyu, chairman of the China Securities Regulatory Commission (CSRC), made the comments at a seminar on investors' suggestions on how to reform, develop and stabilize capital market while investigating in China Securities in Beijing.

Representative of private equity funds and individual investors shared their analysis on the basic reasons for the downward trend and pressure of A-share market this year.

They proposed to enhance strategic position of the stock market, deepen reform of State-owned enterprises and perfect basic system, including trading system, to promote stable and healthy development of capital market.

Liu praised the investors' suggestions and emphasized CSRC will strengthen systematic and instrumental innovations to effectively support development of private enterprises.

He said China's stock market has hundreds of millions small and medium-sized investors, which is Chinese characteristics. CSRC will always shoulder the mission of protecting the legitimate rights and interests of these investors, and strive to establish an open, fair and transparent capital market environment for them.

CSRC will also persist in the direction of marketization, legalization and internationalization and continue to promote deepening reform and opening up of the capital market in an all-round way, Liu added.

China's excavator sales grow 27.7% in September

Date Oct 15 2018 11:24:33 Source:Xinhua

Xinhua | Updated: 2018-10-14 12:41

BEIJING - Sales by China's major excavator producers continued to grow in September but at a milder pace, according to the China Construction Machinery Association.

The country's 25 leading excavator makers sold 13,408 units in September, up 27.7 percent year on year, compared with a 33-percent increase in August.

In breakdown, 11,702 excavators were sold in the domestic market, up 22.9 percent year on year. Exports of the equipment rose 74.8 percent to 1,689 units.

A total of 156,242 excavators were sold in the Jan-Sept period, up 53.3 percent on the same period last year. More than 140,000 of those were sold domestically.

Sales of excavators are usually backed by growth in mining, construction, and infrastructure investment.

Fixed-asset investment growth in China slowed to 5.3 percent for January-August from 5.5 percent in the first seven months of the year, weighed down by weakening infrastructure investment, according to the National Bureau of Statistics.

China's foreign trade volume jumps 9.9%

Date Oct 12 2018 11:50:22 Source:chinadaily

By Zhong Nan | | Updated: 2018-10-12 09:57

China's foreign trade volume jumped 9.9 percent year-on-year to 22.28 trillion yuan in the first three quarters of this year, data from the General Administration of Customs show.

The country's export volume stood at 11.86 trillion yuan, a year-on-year increase of 6.5 percent, in the first nine months, while import volume surged 14.1 percent year-on-year to 10.42 trillion yuan.

In the meantime, the country's trade surplus reached 1.44 trillion yuan, shrinking by 28.3 percent on a year-on-year basis.

The import of major bulk commodities increase in both volume and price in the first three quarters of this year.

Foreign shipments to China of crude oil, natural gas, refined oil and copper hit 336 million tons, 64.78 million tons, 24.59 million tons and 3.99 million tons between January and September of 2018, up 5.9 percent, 34 percent, 9.8 percent and 16.1 percent year-on-year respectively.

Imports of iron ore and soybeans dropped by 1.6 percent and 2 percent year-on-year to 803 million tons and 70.01 million tons, respectively.

The direct impact and indirect influence caused by ongoing trade frictions between China and United States on China's overall foreign trade is controllable, said the General Administration of Customs.

Li Kuiwen, the GAC's spokesman, said the encouraging performance of China's foreign trade during the first three quarters of 2018 laid a solid foundation for the whole year's trade perspective, pushed by the fast growth of private companies and diversified trade channels with more emerging economies, in particular those related to the Belt and Road Initiative such as Russia and Poland.

He warned that the trade growth for global goods will continue to face challenges as Sino-US trade frictions have been escalating and other instable factors still exist caused by a number of economic uncertainties worldwide.

Premiums of Jinchuan nickel shrink after unit maintenance

Date Oct 10 2018 14:16:12 Source:Gmetal

SHANGHAI, Oct 10 (SHMET) – Nickel spot prices rose with futures market on Wednesday October 10, and premiums for Jinchuan nickel fell as expected after Jinchuan Group completed maintenance works.

Supplies of Russian nickel were adequate, and the price gap between Jinchuan and Russian nickel shrank.

Downstream buyers purchased as required, and this left trading quiet.

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ILZSG Forecasts Lead Market Outlook for 2018 and 2019

Date Oct 09 2018 15:20:37 Source:SHMET

The 63rd session of the International Lead and Zinc Study Group (ILZSG) Committee held recently in Lisbon, Portugal reviewed the current trends and issued in global lead market. It also forecast lead market outlook for 2018 and 2019.

According to ILZSG, the global demand for refined lead metal is expected to see marginal increase by 0.2% to 11.71 million tonnes in 2018. The demand is expected to rise further by 0.7% to 11.79 million tonnes next year. The slower growth in the automotive sector is likely to lead to marginal 0.6% drop in Chinese apparent usage this year. The usage is predicted to drop further by 1.3% in 2019. Meantime, the U.S. usage will see reduction of 0.6% in 2018. However, the usage is likely to see 2.5% jump in 2019.

The world lead mine supply is likely to total 4.58 million tonnes in 2018, marginally lower by 0.4% over the previous year. On the other hand, it is expected to see notable increase by 4.1% to total 4.77 million tonnes in 2019. The jump in lead concentrate output in Cuba and India are likely to be offset by declines in Australia, China, Kazakhstan and the U.S. Meantime, the world refined lead metal production is expected to report rises of 0.4% and 2.2% in 2018 and 2019 respectively.

In essence, the demand for refined lead metal will exceed supply by 123kt in 2018. In its earlier report, ILZSG had predicted a deficit of 17kt for the current year. The revision is mainly on account of lower than expected metal output from China and Australia. For 2019, the study group forecasts surplus of 50kt.