Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

China Stocks: Poly Real Estate, PetroChina, Sinopec, Vanke

Nov. 12 (Bloomberg) -- The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, lost 92.35, or 2.9 percent, to 3,055.39 at 1:35 p.m. local time. The CSI 300 Index slid 3.8 percent to 3,375.13.

Developers: China’s housing ministry and foreign exchange regulator have issued rules that will limit foreigners to buying one residential property for self use, the Securities Times reported today, without saying where it got the information.

China Vanke Co. (000002 CH), the nation’s largest developer by market value, dropped 3.6 percent to 8.85 yuan. Poly Real Estate Group Co. (600048 CH), the No. 2 developer, declined 4.5 percent to 13.32 yuan.

Oil refiners: PetroChina Co. (601857 CH) rose 2.7 percent to 13.08 yuan. China Petroleum & Chemical Corp. (600028 CH) added 1 percent to 9.58 yuan.

The nation’s two largest oil refiners rose on speculation the government may introduce changes to the way domestic fuel prices are calculated to more quickly reflect changes in global energy prices, according to Qiu Xiaofeng, an analyst at China Merchants Securities Co.

To contact Bloomberg News staff for this story: Chua Kong Ho in Shanghai at kchua6@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.