CCB Principal SZFI 60 ETF Stock (159916.SZ) Real-time Quotes - Financial Data - Analyst Ratings

The Hang Seng index fell 1.3% to 25,629, driven by weak Chinese activity data and broad sector declines. Tech stocks dropped 2.5%, consumer stocks 2.1%, and the property sector 1.6% amid concerns over China Vanke's debt. Despite these losses, U.S. equity futures rose, and CMOC Group gained nearly 2% after announcing a Brazilian gold mine acquisition.

Trading Economics·1 Hours ago

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Trading Economics·1 Hours ago

China Vanke Shares Fall After Bondholders Reject Debt Extension Proposal

China Vanke's shares dropped significantly after bondholders rejected a proposal to extend a bond payment, raising concerns about potential lack of government support. The shares fell 3.8% in Hong Kong and 2.2% in Shenzhen. Vanke's proposals for bond payment extensions were rejected, with 76.7% of holders opposing. Analysts suggest this may indicate reduced government intervention in the property sector. Vanke plans a bondholder meeting to discuss next steps. The situation highlights ongoing challenges in China's real estate market.

MorningStar·3 Hours ago

MorningStar·3 Hours ago

MORNING BID EUROPE-China's property pain sours year-end mood

China's property sector woes are impacting global markets as the year-end approaches. Key events include central bank decisions from the Bank of Japan, Bank of England, and European Central Bank. China's Vanke faces potential default, affecting market sentiment. New home prices in China continue to decline, and the yuan strengthens amid slowing economic data. Investors are cautious, leading to profit-taking in Asian markets. European futures show slight gains. Key developments include Euro Zone industrial production data and French debt auctions.

Reuters·3 Hours ago

China, Hong Kong stocks fall on gloomy economic data, Vanke default risks

China and Hong Kong stocks fell due to weak economic data and Vanke's default risks. CSI300 Index dropped 0.2%, Shanghai Composite lost 0.1%, and Hang Seng fell nearly 1%. Property shares declined as Vanke's bondholders rejected payment delay plans, raising default concerns. Economic data showed stalled growth, declining home prices, weak factory output, and retail sales. Vanke shares fell 4% in Hong Kong and 2% in Shenzhen. SSE STAR Chip Index fell over 2% amid Nvidia's production expansion plans.

Reuters·4 Hours ago