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2021-08-25

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Shanghai shares rise as China cenbank boosts short-term cash

SHANGHAI, Aug 25 (Reuters) - Shanghai's main share index rose on Wednesday as China's central bank b

Shanghai shares rise as China cenbank boosts short-term cash

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I will like yours back","highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://laohu8.com/post/837839968","repostId":2162573039,"repostType":4,"repost":{"id":"2162573039","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":1629867872,"share":"https://www.laohu8.com/m/news/2162573039?lang=&edition=full","pubTime":"2021-08-25 13:04","market":"hk","language":"en","title":"Shanghai shares rise as China cenbank boosts short-term cash","url":"https://stock-news.laohu8.com/highlight/detail?id=2162573039","media":"Reuters","summary":"SHANGHAI, Aug 25 (Reuters) - Shanghai's main share index rose on Wednesday as China's central bank b","content":"<p>SHANGHAI, Aug 25 (Reuters) - Shanghai's main share index rose on Wednesday as China's central bank boosted short-term funding to ease worries over tightening liquidity amid a faltering recovery, but losses in financial, tech and real estate firms kept China's blue-chip index lower.</p>\n<p>** At the midday break, the Shanghai Composite index&nbsp;was up 0.34% at 3,526.49 points. ** China's central bank offered 50 billion yuan ($7.72 billion) through seven-day reverse repos into the banking system, bigger than daily injections in recent months, in what traders saw as a bid to support liquidity and lift market sentiment.</p>\n<p>** China's blue-chip CSI300 index&nbsp;was down 0.11%, with its financial sector sub-index&nbsp;lower by 1.25%, the real estate index&nbsp;down 3.52% and an info tech sub-index&nbsp;down 1.02%.</p>\n<p>** Underscoring continued financial risks in the real estate sector that some investors worry could pose broader risks, a supplier to debt-laden developer <a href=\"https://laohu8.com/S/EGRNF\">China Evergrande Group</a>&nbsp;said Evergrande had failed to pay some overdue bills.</p>\n<p>** Evergrande shares were down 1.79% by midday in Hong Kong. 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