17 February 2020

Tam Hiu-ham

a columnist at the Hong Kong Economic Journal
  • Capping railway fixed-asset investment can help stabilize the economy and benefit upstream industries grappling with overcapacity. Photo: CNSA

    What happened to all those policies to stabliize the market?

    - Jan 18, 2016 3:10pm
    Chinese authorities have gone to great lengths to restore order in the chaotic A-share market with little success. Market reform has yet to show any significant results. It’s uncertain whether its objectives will be achieved at all....
  • China's stock markets cannot rely too much on support from government-backed institutions and funds. Photo: Xinhua

    A-share markets: Why govt support will be limited

    - Jan 6, 2016 5:54pm
    After a rout on Monday, China’s stock markets put in a mixed performance the following day. The CSI 300 Index gained 0.28 percent while the Shanghai Composite Index lost 0.26 percent. According to reports, government-backed institutions...
  • As more people shop online, some traditional retailers have seen their sales take a hit. Photo: Xinhua

    Look for potential takeover targets among A-share firms

    - Dec 23, 2015 4:30pm
    China’s stock markets held up well on Tuesday, with the Shanghai benchmark index edging up 0.26 percent to 3,651 points. However, turnover on Shanghai and Shenzhen bourses dropped further, as it fell 7.3 percent from the...
  • The government has rolled out incentive policies for the real estate sector. Photo: CNSA

    New policies to boost property and financial stocks

    - Dec 22, 2015 3:38pm
    The mainland stock market continued to rise this week. The Shanghai Composite Index closed up 1.77 percent on Monday, hitting 3,600 points again. The combined transaction volume rebounded to nearly 1 trillion yuan (US$154.3 billion). The central government,...
  • More reforms are in the pipeline to address the oversupply in the iron and steel industry. Photo: Reuters

    Mainland markets cheer Fed rate hike

    - Dec 18, 2015 2:58pm
    Finally, the US Federal Reserve announced a 25 basis point interest rate hike. With the uncertainty eliminated, global stock markets rebounded, and so did the A-share market. The Shanghai Composite Index closed at 3,580 points on...
  • Coal stocks rallied after hovering low for a long time, but government efforts to cut emissions may dim the sector's outlook. Photo: Reuters

    A-share market rebounds but volume remains low

    - Dec 15, 2015 4:15pm
    The Shanghai Composite Index rose 2.51 percent to close at 3,520 points on Monday. The heavily-weighted financial sector outperformed with the shares of several brokers and insurers reaching the 10 percent daily limit. Coal and non-ferrous metal...
  • The yuan's weakness is prompting caution among Chinese stock market investors. Photo: Bloomberg

    Currency concerns weigh on Chinese stocks

    - Dec 11, 2015 4:27pm
    China’s stock markets continue to be weighed down by concerns about yuan depreciation. The Shanghai benchmark index slipped 0.5 percent on Thursday amid reduced turnover. Many investors remain on the sidelines. It appears that Beijing has...
  • Transferring excess supply into public housing will benefit property developers as well as the Chinese government. Photo: Xinhua

    China markets: What should investors focus on now?

    - Dec 9, 2015 4:51pm
    Weak November trade figures have led to accelerated capital outflow from China and sparked a fresh slide in the renminbi in offshore trade. The equity market also suffered, with the Shanghai Composite Index falling 1.89 percent...
  • Property and machinery manufacturing stocks are likely to be among the first to benefit from what comes out of the upcoming economic work conference. Photo: CNSA

    Keep an eye on China property, high-tech manufacturing plays

    - Dec 8, 2015 4:55pm
    China’s A-share market was quite calm on Monday. Although the financial sector fell 0.66 percent, the Shanghai Composite Index managed to edge up 0.34 percent, helped by media and entertainment, tourism, nuclear power and venture investment-related counters....
  • A coal mine in Jixi, Heilongjiang province. The government is planning to cap new capacity and eliminate obsolete production. Photo: Reuters

    Why China’s A shares are in better shape now

    - Dec 4, 2015 6:45pm
    China’s stock market mounted a four-day rally this week after a deep correction last Friday. On Thursday, the Shanghai Composite Index gained 1.35 percent to close at 3,548 points. However, turnover in Shanghai and Shenzhen fell...
  • China is expected to increase funding for military equipment, and this could benefit related companies. Photo: Reuters

    Market set to rally before economic work conference

    - Nov 27, 2015 5:51pm
    The Shanghai Composite Index lost 12 points to close at 3,635 points on Thursday. The military sector moved abnormally in afternoon trading, and the authorities unveiled military reforms after the market close. The market is likely...
  • Chinese Premier Li Keqiang (left) shakes hands with Malaysian Prime Minister Najib Razak in Kuala Lumpur on Monday. China wants to participate in two high-speed rail projects in Malaysia. Photo: Bloomberg

    China A shares still face selling pressure

    - Nov 25, 2015 5:02pm
    The Shanghai Composite Index has been hovering around 3,600 points over the last two weeks. Investors have run out of patience, and the Shanghai market dropped more than 1 percent on Tuesday morning. The market started...
  • Elderly care stocks have just received a boost from China's decision to bolster confidence in the consumer services industry. Photo: Xinhua

    A-share market waiting to exhale

    - Nov 23, 2015 3:04pm
    Shanghai surged 1.39 percent last week, powering the combined transaction volume with Shenzhen above 1 trillion yuan (US$155.8 billion). Investor sentiment is stable but there has been no breakthrough in the market. If no stimulus policy is...
  • A visitor tries a virtual reality handset. Related stocks posted sharp gains after Beijing Baofeng Technology Co. announced two new virtual reality products. Photo: HKEJ

    Why Chinese stocks will continue to trade sideways

    - Nov 20, 2015 6:29pm
    After a two-day correction, the Shanghai Composite Index rose 1.36 percent on Thursday to close at 3,617 points. Shenzhen stocks advanced 2.65 percent to 12,609. However, turnover on both markets continued to shrink, this time falling...
  • After a short correction, the A-share market should continue to climb. Photo: Reuters

    Outlook positive for A-share market

    - Nov 18, 2015 4:15pm
    While the A-share market rose despite declines in global markets Monday, it fell slightly Tuesday amid the global rebound. The Shanghai Composite Index edged down 2 points to 3604. But transaction volume rose to 1.27 trillion...
  • China's stock markets are showing signs of stability after witnessing huge ups and downs during the past year. Photo: CNSA

    Why we can be optimistic about China market outlook

    - Nov 17, 2015 5:19pm
    The Shanghai stock market’s benchmark index gained 0.73 percent on Monday, closing at 3,606 points. Security services and robotics-related firms were the best performers on the day. Although there was a decline in the overall transaction...
  • The renminbi's expected inclusion in the IMF reserve currency basket could help channel more global capital into Chinese assets. Photo: Bloomberg

    A-share market: What lies ahead?

    - Nov 16, 2015 5:24pm
    After market close last Friday, the China Securities Regulatory Commission announced that it is tightening the margin financing rules further to prevent systemic risks. The tighter rules, and the global concerns following the Paris terror attacks,...
  • Stocks of lenders like Bank of Communications fell amid profit concerns. Photo: Xinhua

    A-share market sluggish as govt data disappoints

    - Nov 13, 2015 4:24pm
    With no market-moving news, mainland stocks remained in a correction mode. The Shanghai Composite Index was down 0.48 percent at 3,632 points on Thursday. The heat was still there, however. The combined transaction volume was 1.23 trillion...
  • Alibaba Group's Double 11 event is now regarded as a global shopping day. Sales on Tmall surpassed 57.1 billion yuan (US$9 billion), the full-day record in 2014, by midday. Photo: Bloomberg

    New stimulus measures follow Double 11 to boost domestic demand

    - Nov 12, 2015 3:44pm
    Unlike China’s highly successful online shopping festival this week, the stock market has been tepid. After three weeks’ rally, the A-share market began to cool down in the past two trading days. The Shanghai Composite Index was...
  • Online shopping has become a habit for many mainland Chinese. Photo: CNSA

    Take a break before new highs in the stock market

    - Nov 11, 2015 5:53pm
    The Shanghai Composite Index corrected a little on Tuesday after gaining for four trading days. However, the transaction volume remained above one trillion yuan (US$160 billion). There has been no big change in the conditions fueling the...