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China Stocks-Factors to watch on Monday
December 26, 2016 / 12:26 AM / 10 months ago

China Stocks-Factors to watch on Monday

* PREVIOUS TRADING SESSION MOVES:

* Shanghai->HK daily quota used 31.9 pct

* Shenzhen->HK daily quota used 2.5 pct

* SSEC -0.9 pct, CSI300 -0.9 pct, HSI -0.3 pct

* CNY official close 6.9488 per dollar, 4.1 pct softer vs US$ last 90 days

* FTSE China A50 -0.6 pct, BNY Mellon ADR China Select Index +0.7 pct

SHANGHAI, Dec 26 (Reuters) - Following is a list of recent corporate and policy announcements, as well as other news that might affect Chinese financial markets. Policy, government, sector news:

* China needs to regulate ‘money gates’ but guard against financial stress

* Beijing to take more steps to cool residential property market

* China forestry sector output to reach 9 trln yuan by 2020

Company moves:

In focus

* CSCEC Capital adds 1.4 mln H-shares in Everbright Securities

* China Southern Airlines updates on capital increase agreement with CSAHC

* Hangzhou Liaison Interactive gets US authorities CFIUS’ approval for buying Newegg

Earnings/Performance

* Suzhou New District Hi-Tech Industrial expects 2016 net profit to increase by 57 pct

* Henan Thinker Automatic Equipment expects 2016 net profit to decrease by 25 to 45 pct

Equity changes/IPOs

* Shanghai Fosun Pharma gets approval to list unit Sisram Medical in Hong Kong [nL4N1EI2M5

* Zoomlion Heavy to sell stake in machinery equipment firm for 400 mln yuan [nL4N1EI2CP

* Hengtong Optic Electric says Japan company to acquire 49 pct stake in its new energy intelligent control technology unit

* Easyknit International updates on disposal of securities of Industrial and Commercial Bank Of China Ltd

* Hongbaoli to acquire stake in new material firm for 639.8 mln yuan

* Gansu Gangtai to acquire project company for stake in Italy’s BHI, plans private placement

* CRRC updates on transfer of stake in Ziyang Electrical

* Greenland’ board approves plan to boost unit’s registered capital to 22.6 bln yuan

* B-Soft’s general manager to buy more shares, shareholder Youngor to sell shares

* Shanghai Baosight Software to buy 51 pct stake in information engineering firm for 18.3 mln yuan Regulation

* China’s Bank of Communications Chief Risk Officer under investigation - Caixin

* China fines GM venture $29 mln for monopolistic pricing

* China Security & Fire probed by securities regulator

Other moves (spin-offs, divestitures, deals)

* BOE Technology Group unit announces financial leasing of up to 3 bln yuan

* Zhejiang Jinke Entertainment Culture to form buyout fund with partners

* Guangzhou Yuexiu Financial gets approval to set up asset management firm with partners

* Cinda Real Estate plans to invest 450 mln yuan in Ningbo investment JV (Compiled by Jackie Cai)

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