Arab Today, arab today china\s investors increase share holdings defying overall swoon
Last Updated : GMT 09:15:11
Arab Today, arab today
Arab Today, arab today

China\'s investors increase share holdings, defying overall swoon

Arab Today, arab today

Arab Today, arab today China\'s investors increase share holdings, defying overall swoon

Beijing - XINHUA

As China\'s bourses saw sharp revisions recently, some investors have swooped to buy stocks in quality companies at low price points. Chinese shares fell to a six-month low last week over concerns of a liquidity drain in the world\'s second-largest economy. Investors have so far pulled 834 million U.S. dollars from stock funds focused on China, according to data from EPFR Global, a global fund flow tracker. Bucking the trend, some investors increased holdings in quality enterprises, citing a constructive macroeconomic and earnings outlook, according to survey results released by the Shanghai Securities Journal on Saturday. The controlling shareholder of Shanxi Coal International Energy Group Co., Ltd. on Thursday built a stake of 1.13 million shares in the company through its wholly owned subsidiary. Earlier this month, the senior management of Zoomlion Heavy Industry Science And Technology Co., Ltd. bought 19.38 million shares in the company, a move interpreted by insiders as a \"positive signal worthy of attention.\" Amid downturns in the construction machinery industry and weak market demand, Zoomlion witnessed a 70-percent drop in performance in the first quarter of this year. Its shares have seen continued declines since February. The company\'s executive team said in a statement on June 6 that the decision to increase holdings was individual behavior based on confidence in the company\'s a sustainable and steady growth in future. Similarly, the executive team of Xuzhou Handler Special Vehicle Co., Ltd. has loaded up with the company\'s shares based on a positive outlook for their business. The manufacturer of special-purpose vehicles reported a 540-percent slide in its first-half performance. About 30 companies have reported overweight stocks so far in June, according to the Shanghai Securities Journal survey. Analysts said the overweight position in equities helped stabilize share prices and showed investors\' confidence in the Chinese economy. In its biannual Global Economic Prospects Report released on Thursday, the World Bank cut its global economic growth outlook to 2.2 percent for 2013, citing slower-than-expected expansion in emerging markets such as China, India and Brazil. It also slashed its forecast on China\'s growth to 7.7 percent from 8.4 percent, warning of a potential slowdown caused by a drop in investment. The Chinese economy grew 7.8 percent in 2012, marking the lowest growth in 13 years. The growth target set by the government this year stands unchanged at 7.5 percent, a sign that authorities are willing to tolerate slower growth in the process of achieving quality growth driven less by exports and investment and more by consumption.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s investors increase share holdings defying overall swoon Arab Today, arab today china\s investors increase share holdings defying overall swoon

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today china\s investors increase share holdings defying overall swoon Arab Today, arab today china\s investors increase share holdings defying overall swoon

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today O'Leary: Could ground more planes

GMT 06:49 2017 Friday ,22 September

O'Leary: Could ground more planes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Huthis stage defiant rally 3 years

GMT 05:29 2017 Friday ,22 September

Huthis stage defiant rally 3 years
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 07:00 2017 Wednesday ,20 September

A no-frills business success

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday