The Business Times

Companies & Markets

The Business Times
Subscribe
Share on FacebookShare on TwitterView more
The Business Times
Create a free account with Business Times for seamless access across SPH Media products.
REGISTER
LOGIN

Companies & Markets

SUBSCRIBERS

Shanghai exchange repo rate surges the most in 2 months

World-beating stock market in China and rallies in newly listed shares drawing investors

Published Wed, May 20, 2015 · 09:50 PM
Share this article.

Shanghai

THE interest rate for overnight loans on the Shanghai Stock Exchange on Wednesday surged the most in two months on increased demand for funds from initial public offerings (IPOs).

A world-beating stock market in China and rallies in newly listed shares are drawing investors, with a Bloomberg survey showing 2.8 trillion yuan (S$603.5 billion) will be locked up for 20 sales through Thursday. The biggest impact would be on Wednesday, China International Capital Corp analysts led by Hanfeng Wang wrote in a report last week.

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Companies & Markets

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here