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Top stories of the day -- China Stock Market -- Dec. 7

BEIJING
2015-12-07 11:34

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1. China's producer price index (PPI) may drop 5.8 percent to 6 percent year on year in November, with a mid-value of 5.9 percent, leveling with October, the Economic Information Daily summarized forecasts of a number of institutes on Monday. As international commodity prices almost reached the bottom, the decrease rate of PPI also came to a peak, and the deflation pressure was thereby eased.

2. Ten companies approved to make IPOs released their prospectuses on Saturday. Their IPOs are scheduled on Dec. 11 and Dec. 14. Among them, three plan to get listed on the Shanghai bourse, four to get listed on the SME board of Shenzhen bourse, and three to get listed on the ChiNext board.

 3. Lock-up shares worth 52.8 billion yuan (8.3 billion U.S. dollars) will become eligible for trade on China's stock market next week. About 3.92 billion shares from 30 companies will become tradable on the Shanghai and Shenzhen bourses. Chaozhou Three-circle Group, listed on the Shenzhen Stock Exchange, will see non-tradable shares worth around 13.36 billion yuan become tradable next week, the largest amount to hit the market. Under China's market rules, major shareholders of non-tradable stocks are subject to one or two years of lock-up before they are permitted to trade.

4. As of Sunday, 22 of China's listed 24 securities dealers had released their operating and financial results for November, showing their net profits saw a slight decline on month to 8.898 billion yuan in November over 9.395 billion yuan in October. Meanwhile, their operating turnover reached 20.863 billion yuan during the month, an increase over 20.166 billion yuan last month.

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