【英语财经】国企整合传闻致中国股市大涨 China shares up 4.5% on SOE consolidation talk

Chinese shares punched more than 4 per cent higher on Monday, chalking up their biggest gains since the turning point of the recent bear-market.

At the close, the Shanghai Composite was up 4.9 per cent to 3,928.42. That is the index's biggest gain since July 9, which is the day after the Chinese sharemarket closed at its bear market-low, writes Peter Wells.

This makes it the Shanghai benchmark's third-biggest one-day gain this year, and also the third-biggest of the past five years. In the final half-hour of trade, the index was up as much as 5.3 per cent.

The Shenzhen Composite closed 4.5 per cent higher to 2,274.84 for its best day since August 4 and its fifth-best gain this year. The index was up as much as 5 per cent within the final 30 minutes of the session.

The chatter doing the rounds today is that Beijing plans to consolidate numerous state-owned enterprises, which are struggling under large debt burdens, with capital injections.

The spotlight was on the shipping industry, with reports the government was considering a merger of China Shipping Group and Cosco group. Shares in the companies listed on the Shanghai and Hong Kong exchanges were suspended on Monday pending announcements, prompting speculation the companies would be merged.

That spurred strong gains in other shipping companies. Shares in China CSSC Holdings, a shipbuilder, and China Shipbuilding Industry Company surged by the daily trading limit in Shanghai of 10 per cent, while China International Marine Containers rose as much as 7.7 per cent and China Shipping Haisheng was up as much as 9.7 per cent.

Shares in Hong Kong-listed China Cosco Holdings rose 24.8 per cent last week, including a 13.6 per cent rise on Friday.

In a move that could be a precursor for consolidation among SOEs in other industries, Beijing this year combined the country's two largest railway equipment manufacturers - China CNR and CSR Corp - into one single entity, known as China Railway Construction Group, which is listed on both the Shanghai and Hong Kong exchanges.

The Hang Seng was down 0.1 per cent in afternoon trade.

A bout of weak economic data released over the weekend had analysts predicting this morning that more monetary and fiscal stimulus from China's policymakers would be forthcoming.

周一，中国股市暴涨逾4%，出现自近期熊市发生转折以来的最大单日涨幅。

上证综指收涨4.9%，至3928.42点。这是该指数自7月9日以来的最大单日涨幅。7月8日的收盘点位为本轮熊市的最低收盘点位。

这一涨幅是沪市基准指数今年以来的第三大单日涨幅，也是五年来的第三大单日涨幅。在本交易日的最后半小时，该指数涨幅最高曾达5.3%。

深证综指收涨4.5%，至2274.84点，是自8月4日以来的最大单日涨幅，也是今年以来的第五大单日涨幅。在本交易日最后半小时，该指数涨幅最高曾达5%。

主导今日行情的消息面因素，是中国政府计划以注资的方式来整合众多国有企业。目前，庞大的债务负担正令这些国企举步维艰。

投资者关注的焦点是航运业。有报道称，中国政府正考虑让中海集运(China Shipping Group)与中国远洋(Cosco)合并。周一，这两家企业在沪市和香港股市的股票已经停牌，等待进一步的公告，这引发了这两家企业或将合并的猜测。

这一消息也刺激其他航运企业的股票出现大幅上涨。船舶制造商中国船舶(China CSSC Holdings)和中国重工(China Shipbuilding Industry Company)暴涨10%至涨停，而中集集团(China International Marine Containers)日内一度上涨7.7%，中海海盛(China Shipping Haisheng)一度上涨9.7%。

上周，中国远洋H股上涨24.8%，单是上周五就上涨了13.6%。

今年，中国政府曾将该国两家最大的铁路设备制造商——中国北车(CNR)和中国南车(CSR)——整合成一家名为中国中车(CRRC)的实体，在沪港两地上市。此举或预示着，中国将开始整合其他行业的国企。

上周末发布的一轮疲弱的经济数据使得分析师们在今天上午预测，中国政策制定者可能即将出台更多货币和财政刺激。

译者/简易