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2021-06-22

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China stocks climb on bank, energy boost; Hong Kong flat

* SSEC 0.8%, CSI300 0.5%, HSI 0.0% * HK->Shanghai Connect daily quota used 0.7%, Shanghai->HK daily

China stocks climb on bank, energy boost; Hong Kong flat

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[Smile]","highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":2,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/120757713","repostId":2145003011,"repostType":4,"repost":{"id":"2145003011","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1624336059,"share":"https://www.laohu8.com/m/news/2145003011?lang=&edition=full","pubTime":"2021-06-22 12:27","market":"hk","language":"en","title":"China stocks climb on bank, energy boost; Hong Kong flat","url":"https://stock-news.laohu8.com/highlight/detail?id=2145003011","media":"Reuters","summary":"* SSEC 0.8%, CSI300 0.5%, HSI 0.0%\n* HK->Shanghai Connect daily quota used 0.7%, Shanghai->HK daily ","content":"<p>* SSEC 0.8%, 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CSI300 index rose 0.5% to 5,115.10 points at the end of the morning session, while the Shanghai Composite Index gained 0.8% to 3,556.75 points.</p>\n<p>** Leading the gains, the CSI300 banks index rose 1.4% as investors cheered the government's latest reform measures for the sector, while the CSI300 energy index&nbsp;climbed 2.3% on oil strength.</p>\n<p>** China's reforms to the way banks calculate deposit rates will help ease pressure on banks' funding costs, although the impact on lenders and depositors will be limited, an industry body overseeing rates said on Monday.</p>\n<p>** From Monday, China has allowed banks to set ceilings on deposit rates by adding basis points to the benchmark rate, a shift from the previous practice of multiplying the benchmark rate, the Self-Disciplinary Mechanism for the Pricing of Market-Oriented Interest Rates said.</p>\n<p>** Energy companies climbed on the back of strong oil gains.</p>\n<p>** Dual-listed energy giant Petrochina Co Ltd&nbsp;rose 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quota used 0.7%, Shanghai->HK daily quota used 2.5%\n* FTSE China A50 +0.5%\nSHANGHAI, May 28 (Reuters) - Gains in banking and energy stocks pushed China shares higher on Tuesday on support from Beijing's reform measures and firmer oil prices, while deepening regulatory curbs on bitcoin trading slammed digital currency-related firms.\n** The CSI300 index rose 0.5% to 5,115.10 points at the end of the morning session, while the Shanghai Composite Index gained 0.8% to 3,556.75 points.\n** Leading the gains, the CSI300 banks index rose 1.4% as investors cheered the government's latest reform measures for the sector, while the CSI300 energy index climbed 2.3% on oil strength.\n** China's reforms to the way banks calculate deposit rates will help ease pressure on banks' funding costs, although the impact on lenders and depositors will be limited, an industry body overseeing rates said on Monday.\n** From Monday, China has allowed banks to set ceilings on deposit rates by adding basis points 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China stocks climb on bank, energy boost; Hong Kong flat

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