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Thursday, November 29, 2012, 7:08 AM Chinese shares fail to join in the global rally, -0.5% and etching out another multi-year low. Leading the decline were the brokerages - already smarting from dwindling volume - now maybe being forced by regulators to significantly slash commissions. In Hong Kong, Goldman unloads its stake in red-hot Geely Automotive (GELYF.PK) at a 7.8% discount to the current price. Comment! [Global & FX]
Wednesday, November 28, 2012, 7:29 AM Analysts continue to scratch their head of investor disinterest in continually falling Chinese stocks (off another 0.9% last night). An interview with Carson Block may hold the answer: "The government has really taken the side of fraud," he says, noting Beijing's response to his firm's discovery of numerous scams has been to limit access to corporate filings. Comment! [Global & FX]
Tuesday, November 27, 2012, 8:54 AM "China is back," says BofA's Ting Lu, excited about a 20% jump in profits at Chinese industrial companies. Industrial profits are a leading indicator of overall non-financial earnings, he says, so expect a turn in what have recently been negative Y/Y prints. Meanwhile, shares plumb new multi-year lows. FXI -0.7% premarket. Comment! [Global & FX]
Tuesday, November 27, 2012, 7:15 AM The Shanghai Composite slides 1.3% to close below 2,000 for the first time since the early days of 2009, and now off 42% from a mid-2009 peak. Volume remains anemic as well - by one measure the slowest since early 2008. Are things getting too cheap? Mainland-listed A-shares are trading at their biggest discout to their Hong Kong-listed peers since June 2011. 1 Comment [Global & FX]
Wednesday, November 21, 2012, 7:05 AM Jim Chanos once called the bubbly Chinese property market "Dubai on steroids." Well, the Chinese rumor mill is the eurozone on steroids. Chatter Beijing will slash reserve rate requirements on Nov. 25 helps the Shanghai Composite rebound from losses in the last hour of trade, and finish 1.1% higher. The Hang Seng follows along, +1.4%. 1 Comment [Global & FX]
Tuesday, November 20, 2012, 7:43 AM Shanghai's 0.4% decline to roughly a one-year low was led by a 3.2% fall in Ping An Insurance after word of HSBC's interest in selling its stake. A continuing slide in foreign direct investment seems to be at odds with reports of the economy's slowdown bottoming out. Comment! [Global & FX]
Friday, November 16, 2012, 7:32 AM An attempted fall rally in Shanghai fails, with stocks tumbling back this month and the main index taking out new lows going back to 2009. Leading an overnight 0.8% decline is a 2% fall in Sinopec (SNP) after the government lowered fuel prices, surely no help to a refiner already likely refining at a loss. Comment! [Global & FX]
Tuesday, November 13, 2012, 9:30 AM MSCI rolls out an index of the 50 largest China A-share companies as it moves to challenge FTSE, which already has such an index about to be used by iShares for an ETF. Currently, PEK - with $11.7M AUM - is the only U.S. listed ETF targeting China A-shares (which generally aren't allowed to be owned by foreigners). Comment! [Financials, Global & FX]
Tuesday, November 13, 2012, 7:08 AM Shanghai tumbles 1.5% with chatter Beijing may expand a "trial" property tax a good excuse for selling property-related names. The ministry is on "high alert" for rising property transactions and prices, says housing chief Jiang Weixin. Hong Kong also slides, -1.1%. Comment! [Global & FX]
Friday, November 9, 2012, 6:56 AM Off just 0.1%, Chinese shares fell for the 5th consecutive day, their longest losing streak in 4 months as the Communist Party continues to choose new leadership. Chinese stocks seem to have been falling forever, but if investors look up, they'll find one of the hotter world markets of late. The China SPDR (GXC) has pulled even with SPY YTD. Comment! [Global & FX]
Friday, October 26, 2012, 7:27 AM Shanghai (-1.7%) suffers its biggest decline in weeks, hit by a string of poor earnings reports. Baotou Rare-Earth -7% as it cuts output amidst declines in rare-earth prices. (MCP -1.2% premarket). Maanshan Steel -4.4% after posting a loss that doubled consensus estimates. The country's largest maker of flat panel TVs - Hisense Electric - down 10%, hit by the mix of higher panel costs and lower finished product prices. 1 Comment [Global & FX]
Monday, October 22, 2012, 7:15 AM Shanghai erases an early decline following a big losses in the West on Friday, and closes +0.2%. One of the worst-performing major markets for some time, China has quietly put in a nice rally as the U.S. has stumbled over the past few weeks as investors look forward to November's power changeover and perhaps action from the new government. FXI +1.6% premarket. Comment! [Global & FX]
Friday, October 19, 2012, 8:06 AM Fitch opines on the latest Chinese GDP figures, calling them in line with the "New Normal" growth rate. The agency questions the wisdom of newly announced stimulus projects - particularly the focus on railway infrastructure. "Railways are one of the most unproductive sectors in China ... These new measures could result in poor economic returns." You think? 2 Comments [Global & FX]
Tuesday, October 16, 2012, 1:16 PM With new leadership being appointed in November, expect government action putting an end to the economic slowdown in China and the bear market in the country's stocks, says Fortress' Adam Levinson. He's covered his shorts and is buying with the hope of adding to longs as the new leadership comes into view. FXI is already up 13.7% over the last 90 days. 1 Comment [Global & FX, Quick Ideas]
Thursday, October 11, 2012, 7:45 AM Leading a 0.8% decline in Shanghai overnight was a 3.3% fall in SAIC Motor - China's largest automaker - after the company reported sales unexpectedly shrinking for the first time in 8 months. Goldman Sachs piles on, saying Chinese copper and aluminum demand is set to plunge over the next 15 months. 1 Comment [Global & FX]
Tuesday, October 9, 2012, 6:54 AM Among the movers in Shanghai's 2% rise last night was Industrial & Commercial Bank of China (IDCBY.PK) - the world's largest by market cap - rising 1.3% after state-owned Central Huijin Investment upped its stake in the lender to 35.43%. Securities firms were the outsized gainers amidst chatter of more steps to direct the country's savings into equities. Comment! [Global & FX, Financials]

MCHI iShares MSCI China Index ETF

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iShares MSCI China Index ETF