Shanghai shares go gangbusters
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
China Southern Airlines and China Eastern have "upside", Goldman Sachs analysts wrote in a note to clients. Other companies, such as Lao Feng Xiang, a Shanghai jeweller, and Hong Kong-traded Shanghai Industrial Holdings, also stand to gain sharply.
The Shanghai Composite Index has risen 15 per cent since reaching this year's low on June 27.
Banks, shippers and port operators have all made gains since August 22, when the Ministry of Commerce said the city's free-trade zone proposal had been approved.
Shanghai International Port Group has had its shares rise 170 per cent in three weeks. China Eastern Airlines, which is based in Shanghai, has climbed 35 per cent.
"Given [any] earnings boost may show up only in the medium term, we prefer beneficiaries that have upsides based on existing businesses, with the Shanghai free trade zone potentially providing room for additional upside," Goldman Sachs wrote.
The free trade zone is part of a plan to develop the city into a global financial and shipping centre by 2020. A draft plan includes opportunities for foreign companies in industries from banking to health insurance.