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Do the Chinese have a Shanghai Composite Futures index like the SPI 200?

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Toothyfish

Toothyfish

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Hi,
Do the Chinese have a futures market for their Shanghai Composite index? I would think so, but haven't been able to find out what it is called and where it is traded.
I had a look at the Bloomberg website and it only quotes the futures for the Nikkei, Hang Seng and SPI. I would think that the Shanghai Composite is begining to be more relevant than the Hang Seng in this day and age.
The Shanghai Composite seems to be in a free fall and the world seems to ignore it whilst concentrating on the 'greenshoots' of the US market. Am I missing the point?
Please enlighten me.
Eternally thankful.
 
Toothyfish said:
The Shanghai Composite seems to be in a free fall and the world seems to ignore it whilst concentrating on the 'greenshoots' of the US market.
Click to expand...

Sorry, not an answer to your main question, but the world is not ignoring the Chinese stockmarket ATM, there is a lot of focus on it indeed.
 
What about the Hang Seng China H-Share futures contract? Probably the closest thing?

Cheers,

Beej
 
Timmy said:
Sorry, not an answer to your main question, but the world is not ignoring the Chinese stockmarket ATM, there is a lot of focus on it indeed.
Click to expand...

what specifically has started this downfall in Shanghai? found out the economic numbers are fudged?
 
white_goodman said:
what specifically has started this downfall in Shanghai? found out the economic numbers are fudged?
Click to expand...

There are probably going to many theories, but to point a finger at a specific catalyst for the recent falls I would say the figures released on August 11 (might have been 10th?) there, showing slower exports, slower investment, and a big fall in loans. A lot of talk that a big part of the run up in the market was liquidity-driven so the reduction in lending was scary for those expecting a continued climb.

Here are a few articles from Aug 11/12 discussing the economic releases.


Reuters: China's economy takes a breather; recovery intact

BBC: China economy shows improvement

Bloomberg: China May Delay Monetary Tightening as Exports, New Loans Drop

All this coming against a background of a long, sustained rally, talk of dodgy economic figures (an ongoing concern wrt these figures out of China), a build up of inventory of raw materials there that had appeared to have stopped ... But as for specifics I would say those figures of August 11.
 
They were before the 11th as I was talking about a likely turn in the SSE on the 7th due to the loan restrictions ;) and I was probably a few days late there...

http://aussiestockforums.com/forums/showpost.php?p=472475&postcount=4234

Often hard to tell what drives the Shanghai market whether it's fundamentals or simply the State choosing to put out a certain story.. One thing they were uncomfortable with was the speculation in the stock-market, so they have fixed that nicely :) When you think about it though, maybe not that much different to our own smoke and mirrors in the media, just in a different form.
 
Allan Kholer on the ABC tonight claims the Banks have been order to cut back on lending i was under the impression the banks were told to start up a dim sim prime scheme
 
gfresh said:
They were before the 11th as I was talking about a likely turn in the SSE on the 7th due to the loan restrictions ;) and I was probably a few days late there...

http://aussiestockforums.com/forums/showpost.php?p=472475&postcount=4234

Often hard to tell what drives the Shanghai market whether it's fundamentals or simply the State choosing to put out a certain story.. One thing they were uncomfortable with was the speculation in the stock-market, so they have fixed that nicely :) When you think about it though, maybe not that much different to our own smoke and mirrors in the media, just in a different form.
Click to expand...

Thanks gfresh -
I think we need a 'China' thread here to keep a watch on this sort of stuff, it is these sorts of things that can serve as, at the very least, a 'heads-up'.
 
Toothyfish said:
Hi,
Do the Chinese have a futures market for their Shanghai Composite index? I would think so, but haven't been able to find out what it is called and where it is traded.
I had a look at the Bloomberg website and it only quotes the futures for the Nikkei, Hang Seng and SPI. I would think that the Shanghai Composite is begining to be more relevant than the Hang Seng in this day and age.
The Shanghai Composite seems to be in a free fall and the world seems to ignore it whilst concentrating on the 'greenshoots' of the US market. Am I missing the point?
Please enlighten me.
Eternally thankful.
Click to expand...

There are a variety of ETFs available based on the Chinese market. The one that closely mirrors the $SSEC Shanghai Composite Index is $CAF Morgan Stanley China A Share Fund. Other popular etfs' are FXI, GXC, PEK, and PGJ.

Here is a list of china based etfs':

CAF Morgan Stanley China A Share Fund
CHIB CHIB Global X China Technology ETF
CHIE Global X China Energy ETF
CHII Global X China Industrials ETF
CHIM Global X China Materials ETF
CHIQ Global X China Consumer ETF
CHIX Global X China Financials ETF
CHXX China Infrastructure Index ETF
CQQQ Claymore China Technology ETF
CZI Dixerion Daily China Bear 3x Shares ETF
CZM Dixerion Daily China Bull 3x Shares ETF
ECNS iShares MSCI China Small-Cap Index Fund
EWGC Rydex Russell Greater China Large Cap Equal Weight ETF
EWH iShares MSCI Hong Kong Index ETF
FCA First Trust China AlphaDex Fund
FXI iShares FTSE Xinhua China 25 Index ETF
FXP UltraShort FTSE Xinhua China25 Proshares ETF
GXC STRK SPDR S&P China ETF
HAO Claymore AlphaShares China Small Cap ETF
MCHI iShares MSCI China Index Fund
PEK Market Vectors China ETF
PGJ PowerShares Golden Dragon Halter USX China ETF
SNO NETS Hang Seng Index ETF
TAO Claymore AlphaShares China Real Estate ETF
YAO Claymore AlphaShares China All-Cap ETF
YXI Proshares Short FTSE Xinhua China 25 ETF
FCHI iShares China ETF


I hope this helps :),

David Adams

www.shanghaimarkettiming.com Expert technical analysis of the Shanghai Composite Index
 
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