China stocks mixed on soft data, IPO worries

Mainland China equity market closed marginally higher after fluctuating between gains and losses on Thursday, 14 May 2015, as risk sentiments turned muted after weaker than expected new loan data for April and worries over a fresh spate of new share listings. The Shanghai Composite Index added 2.55 points, or 0.06%, to finish at 4378.31 points. The CSI300 index reduced by 17.66 points, or 0.37%, to 4700.78.

The China's central bank said in a statement after Wednesday's market close that Banks lent 707.9 billion yuan (US$114.1 billion) in yuan loans in April, 185.5 billion yuan more than the same month last year but nearly 500 billion yuan below March's lending. M2, the broad measure of money supply, rose 10.1% in April from a year ago, slowing from March's 11.6% and missing the official target of 12%. The PBOC data also showed April's total social financing, the broadest measure of credit supply that includes loans, bank acceptance bills, corporate bonds and equity financing, amounted to 1.05 trillion yuan in April, 188.1 billion yuan less than March and 448.8 billion yuan below April last year.

Powered by Capital Market - Live News