China Shenhua Energy Co Ltd (1088)

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China Shenhua Energy Co Ltd (1088) Profile

China Shenhua Energy Co Ltd (1088.xhkg) is a Chinese state-owned coal mining enterprise headquartered in Beijing, the People’s Republic of China. Shenhua Energy is a subsidiary of China Energy Investment Corporation and focuses on mining, refining, generating, marketing and distributing coal-based electric power in Mainland China and Indonesia. CSEC activities include railways operation, port handling, coal-to-chemicals and shipping activities as well as information technology, geological exploration, logistics, technology research, overseas development investments, finance and financial leasing. China Shenhua production accounts for 8% of China’s national total capacity, a capacity of 340 million tons. China Shenhua Energy Co employs 76,000 people, has a considerably large portfolio of 67 subsidiaries, and operates approximately 15 power plants with a total installed capacity of 30,245 megawatts. China Shenhua Energy Co Ltd (1088.xhkg) is listed on the Hong Kong Stock Exchange (SEHK), the Shanghai Stock Exchange (SSE), has a ¥469.9B (CNY) market cap as of October 2021, and ¥558.4 (CNY) in 2020 total assets. The company recently prioritized the production of green, low-carbon, and clean power, and it invested ¥4B (CNY) to co-establish the National New Energy Investment Fund. Most recently China Shenhua Energy Co Ltd ranked 2nd in the 2021 Standard & Poor’s (S&P) Top 250 global energy company rankings.

sChina Shenhua Energy Co Ltd (1088.xhkg): Trade a Contract for Difference (CFD) on 1088.xhkg and speculate on the share price difference of the underlying asset. CFD is a financial contract that allows you to trade on the underlying asset value (share price) without the need to purchase the actual stock. Investors are trading the difference in the value of security between the opening and closing of the trade. You can either hold a long position (Buy) or a short position (Sell). CFDs are considered short-term investments or trades, as CFDs tend to be used within shorter timeframes.

Holding cost
Long
-5%
Short
-2.5%
Trading hours in US Eastern Time
Fri
04:00 - 07:00
08:00 - 11:00
Mon
04:00 - 07:00
08:00 - 11:00
Tue
04:00 - 07:00
08:00 - 11:00
Wed
04:00 - 07:00
08:00 - 11:00
Thu
04:00 - 07:00
08:00 - 11:00
Sun
Closed
Sat
Closed

Share CFD Trading FAQ

Each investor owning shares of a company is also owning fragments of the company. A quite simple way to explain what a stock is is basically when a company divides itself into several shares and then it makes a part of these equities available to the public, at a price. Each investor owning shares of a company is owning fragments of the company.

While shares represent units of ownership within a company Contracts for Difference (CFDs) allow traders to speculate on the future share price fluctuations of an underlying asset. Thus when trading CFDs traders do not physically own the underlying asset. CFDs are available for a range of underlying assets, such as shares, commodities, and foreign exchange, and indices.

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Source - database | Page ID - 23022

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