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SA News • Mon, Oct. 27
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at CNBC.com (Sep 18, 2014)
at CNBC.com (Sep 15, 2014)
at CNBC.com (Jan 4, 2014)
at MarketWatch.com (Oct 1, 2013)
at MarketWatch.com (Apr 21, 2011)
at MarketWatch.com (Feb 16, 2011)
at MarketWatch.com (Jun 22, 2010)
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Sun, Nov. 23, 10:10 PM
- In their first chance to react to the unexpected cut in rates by the PBOC at the end of last week, both the Shanghai Composite and the Hang Seng are up about 2% in early Monday action.
- Chinese banks (ETF: CHIX) are up roughly inline with the broader market, but the biggest winners are property-related shares (ETF: TAO). China Overseas Land & Investment (OTCPK:CAOVY) +10%, Country Garden Holdings (OTCPK:CTRYY) +9.1%, China Vanke (OTC:CVKEY) +8.8%.
- ETFs: FXI, EWH, PGJ, YINN, GXC, FXP, ASHR, YANG, MCHI, PEK, XPP, YAO, YXI, CHXF, FCA, CN, EWHS, FCHI, CNXT, ASHS, CHNA, KBA, FHK
- Previously: The end of China's economic miracle?
Fri, Nov. 14, 2:50 PM
- Dual-listed stocks (shares trading in both Hong Kong and Shanghai) began the week with a 5% discount in Shanghai, but closed with a slight premium, writes Shuli Ren in Barron's. Example using U.S. ETFs: The Deutsche X-trackers Harvest CSI 300 ETF (NYSEARCA:ASHR) gained 3.7% as of yesterday's close vs. 1% gains for the iShares MSCI China ETF (NYSEARCA:MCHI) and the iShares China Large Cap ETF (NYSEARCA:FXI).
- Mainland investors also bid up the prices of brokerage names, with Haitong Securities up 11.6% in Shanghai on the week, but its H-shares ahead by only 5.7%.
- Banks: Bank of China rallied 11.5% in Shanghai, but just 4.6% in Hong Kong. Real estate: China Vanke advanced 2.8% in Shenzhen, but fell 2.6% in Hong Kong.
- The link-up begins on Monday.
- ETFs: FXI, EWH, PGJ, GXC, YINN, FXP, ASHR, YANG, MCHI, CHIX, PEK, XPP, YAO, YXI, CHXF, FCA, CN, EWHS, FCHI, ASHS, CNXT, CHNA, KBA, FHK
Mon, Oct. 27, 4:39 AM
- Chinese and Hong Kong Shares fall after a stock-trading connection between Shanghai and Hong Kong is delayed, with no indication of when it will commence.
- The program had been expected to begin by the end of this month.
- Japan +0.6%, Hong Kong -0.7%, China -0.5%, India -0.1%.
- ETFs: FXI, EWH, KWEB, PGJ, GXC, YINN, FXP, CYB, HAO, ASHR, CNY, TAO, YANG, CHIQ, CQQQ, DSUM, CHIX, MCHI, QQQC, PEK, XPP, YAO, YXI, FXCH, CHXF, ECNS, CHII, CN, FCA, CHIE, CHIM, EWHS, FCHI, KFYP, ASHS, CNXT, TCHI, CHLC, CHNA, KBA, FHK
Fri, Oct. 17, 11:00 AM
- According to banking executives in the know, the PBOC is set to inject up to ¥200B ($32.8B) into roughly 20 large national and regional Chinese banks amid worry the country will miss its GDP growth target of 7.5% this year.
- This would follow last month's move which pumped ¥500B into the five major state-owned banks. The funds, naturally, are expected to be lent out to those sectors deemed important by Beijing.
- Big Mama's (as the central bank is known locally) stimulus measures thus far don't seem to have done a lot, and word is it's lack of demand rather than a shortage of credit which is holding lending and the economy back. Economists say these liquidity injections are less than meets the eye, and what's really needed to boost the economy are rate cuts.
- The China Financials ETF (CHIX -0.9%)
- Broad China ETFs: FXI, PGJ, GXC, YINN, FXP, YANG, MCHI, XPP, YAO, YXI, CHXF, FCA, CN
Wed, Sep. 24, 7:22 AM
- Andrew Tilton and team expect Beijing to cut its GDP growth target to 7% in 2015 from 7.5% this year, "in order to limit further accumulation of financial risks and reduce pressure for policy stimulus."
- There are three factors that contribute to economic growth, says Goldman, and all three - labor growth, capital growth, and technological advance - have their speediest gains behind them.
- Goldman also cuts its outlook for Hong Kong, now expecting 2.9% GDP growth in 2015 vs. an earlier forecast of 4.4%.
- Shanghai climbed 1.5% overnight, while the Hang Seng fell 0.4%. FXI +1.5% remarket
- ETFs: FXI, EWH, PGJ, GXC, YINN, FXP, ASHR, YANG, MCHI, PEK, XPP, YAO, YXI, CHXF, CN, EWHS, FCHI, FCA, CHNA, KBA, FHK
Mon, Sep. 22, 7:18 AM
- Don't expect any major policy moves out of Beijing to counter the recent weak string of economic data, says China Finance Minister Lou Jiwei, dampening rising speculation something big - maybe a rate cut - was coming.
- Shanghai fell 1.7% overnight, with Hong Kong lower by 1.4%.
- ETFs: FXI, EWH, PGJ, GXC, YINN, FXP, YANG, MCHI, XPP, YAO, YXI, CHXF, CN, FCHI, FCA, FHK
Tue, Sep. 16, 7:34 AM
- A four-year low in foreign direct investment - which fell 14% Y/Y in August to $7.2B - makes for a convenient excuse for Shanghai's 1.8% decline overnight. Hong Kong fell 0.9%. Combined with the slow economic data is a continuing rush of IPOs which investors fear will suck up funds - eleven more were approved yesterday.
- FDI's 14% drop in August follows June's 17% decline - it's the first back-to-back double-digit losses for the gauge since 2009.
- FXI -0.3% premarket
- ETFs: FXI, EWH, PGJ, GXC, YINN, FXP, ASHR, YANG, MCHI, PEK, XPP, YAO, YXI, CHXF, CN, EWHS, FCHI, FCA, CNXT, ASHS, CHNA, KBA, FHK
Tue, Sep. 2, 7:22 AM
- Last night's 1.4% gain was led by military-related names amid speculation the government is set to boost defense spending after weekend comments from President Xi Jinping.
- Over the weekend, China's HSBC PMI fell to a 3-month low of 50.2 in August, about inline with a preliminary read of 50.3. China's official PMI of 51.1 fell from July's 51.7 and came in vs. expectations of 51.2.
- ETFs: FXI, PGJ, GXC, YINN, FXP, YANG, MCHI, XPP, YAO, YXI, CHXF, CN, FCA
Tue, Aug. 26, 7:51 AM
- Making a convenient excuse for Shanghai's biggest decline in two weeks is a heavy slate of IPOs (10) set to begin marketing this week. "IPO share sales will put pressure on market liquidity," says a money manager. "The market may need a breather and consolidation here before finding a direction."
- Chinese IPOs have been popular this year, sporting an average 94% gain from their issue price.
- ETFs: FXI, PGJ, GXC, YINN, FXP, YANG, MCHI, XPP, YAO, YXI, CHXF, CN, FCA
Thu, Jul. 24, 12:46 PM
- The big mover in Asia overnight was China up 1.3% after the flash PMI read for July from HSBC showed a rise to 52 from June's final read of 50.7. Expectations had been for a slight gain to 51.
- “The cumulative impact of mini-stimulus measures introduced earlier is still filtering through,” says Qu Hongbin, HSBC’s chief China economist. “We expect policy makers to maintain their accommodative stance over the next few months to consolidate the recovery.”
- FXI +1.6%
- ETFs: FXI, PGJ, GXC, FXP, YINN, ASHR, YANG, MCHI, PEK, XPP, YAO, YXI, CHXX, CHXF, CHII, CHIM, CN, FCA, KFYP, CHNA, KBA
Thu, Jun. 26, 11:00 AM
- The Shanghai Composite rose 0.7% overnight, with the ChiNext Index of small company stocks popping 2% after the first IPOs to hit the mainland in four months jumped an average 44%. Trading volume in Shanghai was 9.2% above the 30-day average.
- China's securities watchdog recently lifted a ban on IPOs and it expects to allow about 100 between June and year-end.
- The Hang Seng (EWH) climbed 1.5%.
- China ETFs: FXI, EWH, PGJ, GXC, FXP, KWEB, YINN, ASHR, YANG, CQQQ, MCHI, QQQC, PEK, XPP, YAO, YXI, CHXF, EWHS, FCHI, CN, FCA, CHNA, FHK, KBA
- China small-cap ETFs: HAO, ECNS, EWHS, ASHS
Thu, Jun. 19, 10:44 AM
- Worries over a rush of IPOs make for a convenient excuse for a 1.6% decline in the Shanghai Composite overnight. Regulators have given the green light to new offerings after a four-month halt and at least four companies are coming public this week. "The secondary market is bleeding," says one strategist. "Investors want to speculate on new stocks."
- China's securities regulator says about 100 companies will list on the mainland by year-end.
- FXI -0.8%
- ETFs: FXI, EWH, PGJ, GXC, FXP, KWEB, YINN, HAO, ASHR, CHIQ, YANG, TAO, CHIX, CQQQ, MCHI, QQQC, PEK, XPP, YAO, YXI, CHXX, CHXF, CHII, ECNS, CHIE, CHIM, EWHS, FCHI, CN, FCA, KFYP, CHNA, FHK, KBA, ASHS
Mon, Apr. 28, 4:51 AM
- Asian shares mostly fall as the escalating Ukraine crisis weighs on sentiment.
- In China, the mood has also been affected by the securities regulator announcing a resumption of IPOs after a three-month halt and President Xi Jinping dampening hopes for further stimulus by saying that fiscal and monetary policies would essentially remain as they are. The regulator will hold meetings on Wednesday to review the applications of four companies.
- Japan -1%, Hong Kong -0.4%, China -1.6%, India -025%.
- China ETFs: FXI, PGJ, GXC, FXP, YINN, KWEB, CYB, HAO, CNY, ASHR, CHIQ, DSUM, TAO, YANG, CHIX, CQQQ, MCHI, QQQC, PEK, XPP, YAO, CHXX, YXI, FXCH, CHXF, CHII, ECNS, CHIE, CHIM, FCA, KFYP, TCHI, CHLC, CHNA, KBA
Thu, Mar. 27, 4:53 AM
- Asian shares have traded mixed in a choppy session in which the Nikkei recovered to close up 1% after falling earlier in the day. Market players pointed to reinvestment by a public pension fund and short-covering as reasons for the reversal.
- The Shanghai Composite fell 0.8% and the Hang Seng 0.2% as tech stocks took a beating following a bad debut on Wall Street for "Candy Crush" developer King Digital.
- Elsewhere in Asia, India -0.7%.
- ETFs: DXJ, EWJ, DFJ, NKY, DBJP, EZJ, EWV, SCJ, JPNL, DXJS, JSC, ITF, JPP, JPNS, HEWJ, FJP, EWH, EWHS, FCHI, FHK, FXI, PGJ, GXC, FXP, YINN, KWEB, YANG, CQQQ, MCHI, QQQC, XPP, YAO, YXI, CHXF, FCA, TCHI
Mon, Mar. 24, 2:24 AM
- HSBC Chinese flash manufacturing PMI has indicated contraction for a fifth consecutive month, slipping to 48.1 in March from 48.5 in February and missing consensus of 48.7.
- New orders, employment and output shrank, although new export orders grew for the first time in four months.
- The reading adds to other data which indicate that China's economy is slowing.
- "Weakness is broadly based with domestic demand softening further," says HSBC. "We expect Beijing to launch a series of policy measures to stabilize growth."
- Hopes of such stimulus have helped push the Shanghai Composite up 1%, while the Hang Seng is +1.7%. (PR)
- ETFs: FXI, PGJ, GXC, FXP, YINN, CYB, KWEB, HAO, CNY, ASHR, CHIQ, DSUM, CHIX, TAO, YANG, CQQQ, MCHI, PEK, QQQC, XPP, YAO, CHXX, YXI, FXCH, CHII, CHXF, ECNS, CHIM, CHIE, KFYP, FCA, TCHI, CHLC, CHNA, KBA
Fri, Mar. 21, 4:30 AM
- Chinese and Hong Kong stocks lead an Asian rally following sharp Fed-inspired losses in the region yesterday.
- The Shanghai Composite Index jumps 2.7% amid speculation that the Chinese government will ease the ability of banks and property developers to raise money as part of an attempt to boost the stuttering economy, further evidence for which was provided in China's "Beige Book." One financing idea being bandied about is letting lenders sell preferred shares.
- The yuan is steady following further sharp losses for the renminbi this week, with the USD-CNY -0.1% at 6.229 yuan.
- Japan closed. Hong Kong +1.3%, India +0.1%.
- ETFs: FXI, PGJ, GXC, FXP, YINN, CYB, KWEB, HAO, CNY, ASHR, CHIQ, DSUM, TAO, CHIX, YANG, CQQQ, MCHI, PEK, QQQC, XPP, YAO, CHXX, YXI, CHII, FXCH, CHXF, ECNS, CHIM, CHIE, KFYP, FCA, TCHI, CHLC, CHNA, KBA
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