China Stocks-Factors to watch on Wednesday

By Kitco News / January 16, 2018 / www.kitco.com / Article Link

* PREVIOUS TRADING SESSION MOVES:

* SSEC +0.8 pct, CSI300 +0.8 pct, HSI +1.8 pct

* HK->Shanghai Connect daily quota used 7.3 pct, Shanghai->HK daily quota used 12.6 pct

* HK->Shenzhen Connect daily quota used 12.2 pct, Shenzhen->HK daily quota used 6.1 pct

* CNY official close 6.4369 per dollar

* FTSE China A50 +0.7 pct, BNY Mellon ADR China Select Index -1.9 pct


SHANGHAI, Jan 17 (Reuters) - Following is a list of recent corporate and policy announcements, as well as other news that might affect Chinese financial markets.Policy, government, sector news:

* China need not hike its benchmark rate near-term - c.bank advisor * China tightens rules on counterparty risk for derivatives * China's Dagong lowers US sovereign ratings to Peru level following tax cuts * Shenzhen exchange to punish firms using blockchain to speculate * China will curb 'excessive' coal-to-gas switch for heating - CNPC * China's CNPC forecasts 10 pct growth in gas consumption, bumper fuel exports Data:

* China 2017 non-financial ODI posts first decline since records began Company moves:

In focus

* EXCLUSIVE-China's Yunnan to inject capital in firm that missed shadow loan payments * HNA's commodity and logistics unit won't chase U.S. M&A deals in 2018 - executive * EXCLUSIVE-U.S. lawmakers urge AT&T to cut commercial ties with Huawei -sources Earnings/Performance

* BBMGexpects 2017 net profit to rise 0.5-11.7 pct y/y * Offshore Oil Engineering sees 2017 net profit down 59-66 pct y/y * Bank Of Hangzhou's preliminary 2017 net profit up 13.3 pct y/y * Huagong Tech expects 2017 net profit to rise 39.25-52.30 pct y/y * Han's Laser Technology's preliminary 2017 net profit up 122.1 pct y/y * Zhejiang Xinan Chemical Industrial expects 2017 net profit to rise 560-610 pct y/y * China Lif's2017 accumulated premium income up 19 pct y/y * China National Chemical Engineering's 2017 new contracts up 34.9 pct y/y * Metallurgical Corporation of China's2017 new contracts up 20.0 pct y/y Equity changes/IPOs

* Grandblue Environment's shareholder plans to cut stake * Huamao Group reduces shareholding in Bank Of Ningbo to 4.93 pct * China Galaxy Securitiessays lock-up period for 628.5 million a-shares to end on Jan 23 IPOs

* Keshun Waterproof Technologies' Shenzhen IPO 1,382.3 times oversubscribed in online tranche Trading halt/resumption

* Hainan Airlinesin negotiations on "major matter", shares remain suspended * Jiangsu Broadcasting Cable Information Network's share trade to halt pending announcement * Shenwu Energy Saving's share trade to resume on Jan 17 * Shenwu Environmental Technology's share trade to resume on Jan 17 Other moves (spin-offs, divestitures, deals)

* Boe Technology'sdebt exemption to help 2018 financial results * Zhejiang Chint Electrics' unit wins bids for photovoltaic projects $147.2 mln in Egypt * Bluestar Adisseo to invest about $490 million in chemical project in Nanjing (Compiled by Luoyan Liu)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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