China Construction Bank

China Construction Bank Joins New Zealand Bankers Association New Zealand Bankers’ Association

The Shanghai Composite fell .77% to two,894 whilst the Shenzhen Component shed .05% to ten,397 on Monday, closing at their lowest levels in six months and remaining below stress as the latest Chinese PMI information pointed to further economic weakness. Investors also continued to grapple with policy issues immediately after China’s leadership reshuffle signaled no substantial change in the country’s economic tactic. Home firms led the decline, with sharp losses from China Vanke (-five.7%), Poly Developments (-10%) and China Merchants Shekou (-6.six%). Other index heavyweights also slumped, like Kweichow Moutai (-.7%), Gree Electric (-5%) and Longi Green Energy (-two.six%). No...