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China regulator eases: eFuture Information Technology Inc. (EFUT), Youku Tudou Inc (YOKU), Qihoo 360 Technology Co Ltd (QIHU)

China’s securities regulator has canceled a requirement that brokerages must have a net positive purchase position on daily proprietary trading, three sources with direct knowledge of the matter told Reuters on Tuesday.

The sources said the statement from the China Securities Regulatory Commission also requested that all branches of the regulator further strengthen risk management, although it highlighted that the equity market had slowly begun to stabilize.

The specific requirement that brokerages’ daily proprietary trading positions should be net positive was also promulgated in July, as part of a larger package of measures to support the market.

Essentially, brokerages can now go back to selling more shares than they purchase on any given day.

At the height of the equity panic in early July, 21 Chinese brokerages pledged to purchase at least 120 billion yuan ($18.79 billion) of shares in a bid to stabilise the country’s stock markets. The brokerages further pledged that they would not sell off those holdings as long as the Shanghai Composite Index is below 4,500 points.

After a rout in late summer that took mainland equity indices down around 40 percent, the Shanghai Composite Index is now up over 20 percent from its late August low.

As the equity markets have clawed back lost ground and showed signs of stabilizing, regulators announced on November 6 that initial public offerings – also halted in early July – would resume after November 20.

On Monday, ten Chinese firms applied for approval to raise over three billion yuan through mainland listings. ($1 = 6.3860 Chinese yuan renminbi) (Reporting by Xiaochong Zhang, Nathaniel Taplin and the Shanghai Newsroom; Editing by Shri Navaratnam)

Shares of eFuture Information Technology Inc. (NASDAQ:EFUT) traded low 76.10% during last trading session on a U.S. exchange, closing at $11.57. The company now has a market value of $55.42M. The stock, after recent close, is 148.44% above their SMA 50 and 48.71% up the 52-week high. The worst hit in its 52 week range is $3.71 per share, with $7.78 as its 52 week best price. Its latest closing price has a distance of 123.04% from SMA20 and is 141.89% up than SMA200.

Youku Tudou Inc (ADR) (NYSE:YOKU) closed U.S. trading at $26.85, up 0.19% from previous close. The year-to-date (YTD) performance reflected a 50.76% above last year. During the past month the stock gains 9.10%. bringing three-month performance to 70.04% and six-month performance to -1.90%.For this company, beta value at 2.87 represents it is more volatile to the shift in the market.

Qihoo 360 Technology Co Ltd (NYSE:QIHU) settled at $66.37 during New York trading, up 2.11 % from previous close and at a distance of 9.37% from 20-day simple moving average. In the last trading session, the stock’s price moved 16.90% above its 200 day moving average. The stock is currently trading 22.15% above its SMA 50. This stock is more risky when compared to the shifts in the equity markets as its beta value is standing at 1.53.