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iShares China Large-Cap ETF (FXI)

  • Jan. 5, 2012, 4:15 AM
    HSBC China services PMI held steady at 52.5 in December. Though activity is at a three-month low, it caps off the seventh consecutive year of expansion for China's service sector.
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  • Jan. 1, 2012, 7:58 AM
    China's official December PMI rises to 50.3, beating estimates of 49.1 and last month's 49.0. The "festival effects" of the western New Year and upcoming Chinese celebrations helped boost the gauge, says the statistics bureau in a statement. HSBC's PMI also rose in December, but remained in contractionary territory at 48.7.
  • Dec. 30, 2011, 1:34 AM
    China’s manufacturing contracted for a second month in December, with HSBC's PMI coming in at 48.7 from 47.7 the month before. The weak manufacturing data adds pressure to officials to consider loosening monetary policy.
  • Dec. 29, 2011, 8:32 AM
    One year ago, bulls on China were scoffing at the idea of a slowdown in Chinese growth. Now those same bulls insist China is not at risk of a hard landing. Noting the prevalence of fraudulent companies, Joseph Sternberg asks what kind of a sustainable economy can be built atop a regulatory system that essentially forces "firms to fudge their books."
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  • Dec. 29, 2011, 2:44 AM
    China wants foreign investors to focus on hospitals, financial-leasing companies and sectors that bring new technology to the country, and to minimize investment in such traditional draws as automobile factories or petrochemicals. The 29-page list of investment guidelines was released today, and kicks in on Jan. 30.
  • Dec. 28, 2011, 4:28 PM
    Risk-avoidance was at the top of U.S. investors' minds once again in December: TrimTabs reports $30B has flowed into bank savings accounts this month, and $50B has flowed into bond funds. Meanwhile, gold ETF GLD, healthcare ETF XLV, and China ETF FXI have all seen large outflows.
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  • Dec. 28, 2011, 7:31 AM
    Chinese policymakers - schooled on average capital inflows of $40.5B/month since 2005 - are going to have to adjust their game to deal with the new reality of capital outflows, writes Kevin Yao. The most likely tool is lower bank reserve ratio requirements. This has the beauty of reversing tightened liquidity without easing monetary policy in the face of still-speedy inflation.
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  • Dec. 27, 2011, 9:45 AM
    Against a late year rally that has brought U.S. shares to a 5-month high are continuing declines in China, with a 1.1% fall last night bringing the month's losses to 7.2% and the Shanghai Composite to its lowest close since March 2009. Among the losers was Anhui Conch, the country's largest cement maker, -2.4% for the session and 47% YTD amidst mass overcapacity in the sector.
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  • Dec. 27, 2011, 3:29 AM
    China will speed up its vetting of M&A deals in 2012, says commerce ministry official Shang Ming. The number of domestic and cross-border deals are rising quickly as a sluggish global economy pushes companies to find growth through M&A.
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  • Dec. 27, 2011, 2:26 AM
    Profit growth for Chinese industrial companies is slowing, according to newly released data, with net income +24.4% in the first 11 months of 2011 to 4.66T yuan ($737B). This compares to a 25.3% gain in the first 10 months, and a 27% gain in the first three quarters.
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  • Dec. 25, 2011, 1:04 PM
    Japan and China will promote direct trading of yen and yuan without using dollars, Japan said today, and will encourage the development of a market for the exchange to cut the cost for companies. It's part of a broad and innovative package of financial agreements designed to tighten ties between the two giants.
  • Dec. 23, 2011, 12:42 PM
    "The collapse in the real estate market has already occurred," says Steve Dickinson reporting from Qingdao, the only question is how the government will pick up the pieces. The only sales taking place are those at 30-50% discounts and work on uncompleted projects has slowed or stopped. Land sales - a key source of government revenue - are no longer getting a bid at any price.
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  • Dec. 23, 2011, 11:50 AM
    Murmurs of further monetary ease from Beijing increase as tightened liquidity leads to a sharp jump in interbank lending rates. Adding to the thought are 2 consecutive months of capital outflows, something that has never happened before, says an HSBC economist. Last year on Christmas Day, the PBOC hiked interest rates.
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  • Dec. 21, 2011, 8:49 AM
    Under discussion in Beijing is a plan to allow local governments to invest a portion of the nearly $312B in pension funds in the stock market. Current rules allow the money to only be parked in bank deposits or government paper. Give the Chinese credit - stocks in Shanghai are near 3 year lows. Governments typically only get interested in buying equities during (and likely at the end of) major bull markets.
  • Dec. 21, 2011, 2:32 AM
    China's growth momentum is "generally sound," says Premier Wen Jiabao, but the economy is facing several challenges. Additional comments suggest China is bracing for a prolonged downturn in the U.S. and eurozone by boosting domestic demand and focusing on emerging markets.
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  • Dec. 19, 2011, 4:36 PM
    There's a bull market in planned analyst trips to China as suspicions grow it may be the next global crisis spot. With spotty official data, hedge funds are racing to get feet on the ground to complete the picture there. Are they late? Hugh Hendry - who chronicled China's empty skyscrapers and malls in 2009 - is up 52% this year in his "short China" credit fund. Shanghai's A share index is off nearly 25%.
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FXI Description
The iShares FTSE China 25 Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the FTSE China 25 Index.
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Country: China
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