China National Coal Association(CNCA)'s chief Wang Xianzheng said the authority will strive to get the coal price to return to a rational level so that the thermal coal price can rise back to around RMB0.1-0.12/Kcal. It is estimated that in order to reach the aforesaid level, the current coal price has to go up 14.11%-24.48%.
HSI Opens Up 48 pts; HKEX Sees Continuous Support European and the U.S bourses traded in a narrow range, while Hang Seng Index slightly opened higher 48 pts or 0.2% to 23,533 this morning. Hang Seng China Enterprises Index opened up 25 pts or 0.3% to 9,981. CHINA MOBILE (00941.HK) -0.200 (-0.226%) Short selling $77.91M; Ratio 6.417% and HSBC HOLDINGS (00005.HK) -0.500 (-0.752%) Short selling $72.58M; Ratio 5.675% opened lower 0.3% and 0.5%. Shares in TENCENT (00700.HK) +1.200 (+0.588%) Short selling $155.98M; Ratio 4.780% and AIA (01299.HK) -0.300 (-0.628%) Short selling $171.73M; Ratio 14.838% ticked up 0.8% and 0.5%. The market widely anticipated the upcoming launch of "Bond Connect" and "ETF Connect", sending HKEX (00388.HK) +0.900 (+0.460%) Short selling $327.94M; Ratio 11.452% higher 0.3% to $196 after yesterday's rally of 4.7%. Chinese financial...
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