Date
24 January 2018

Markets

  • Bank plays soar on central bank cash spree

    Oct 29, 2013 6:19pm
    Banking stocks surged after the People’s Bank of China (PBoC) injected 13 billion yuan (US$2.13 billion) into the financial markets via its open market operations Tuesday, easing liquidity tightness.  It was the first time the central bank...
  • Cloud technology poses risk to internal data, expert says

    Oct 28, 2013 7:20pm
    Cloud computing and mobile technology are the top risks companies face in their internal audit because sensitive data may get exposed, Richard Chambers, president and chief executive of the Institute of Internal Auditors, said. Internal auditors...
  • HSI rebounds after four-day losing streak

    Oct 28, 2013 5:19pm
    Hong Kong’s benchmark Hang Seng Index ended a four-day losing run to end at 22,806 points Monday, up 108 points. The Hang Seng China Enterprises Index finished 80 points higher at 10,258. The Shanghai Composite Index...
  • Price fall to hit record Yunnan coffee harvest, paper says

    Oct 28, 2013 9:30am
    Mainland coffee bean prices are expected to fall to less than 15 yuan (US$2.45) per kilogram based on futures prices on the New York market, National Business Daily reported Monday, citing the Yunnan Coffee Industry Association....
  • HSI falls further, taking weekly loss to 2.7%

    Oct 25, 2013 5:14pm
    Hong Kong shares notched a fourth straight day of losses Friday, causing the benchmark Hang Seng Index to shed 2.7 percent for the week. The index ended at 22,698 points, down 137 points or 0.6 percent over...
  • Customers sit inside a Starbucks outlet in Shanghai. The company has been criticized for charging higher prices in China. Photo: Bloomberg

    WEEKENDER: Doubts about openness loom as Party meeting nears

    - Oct 25, 2013 4:16pm
    Two sets of events — one involving a mainland newspaper and the other two foreign companies — fueled more speculation this week about the chill blowing through China’s political and economic landscape as a policy-setting Communist...
  • US regulator seeks Mead Johnson China documents, WSJ says

    Oct 25, 2013 6:27am
    Infant-formula maker Mead Johnson Nutrition Co. said it is being asked by United States securities regulators for documents relating to certain business activities of a subsidiary in China, the Wall Street Journal reported Thursday. The US maker...
  • New Ray Medicine to cap gearing ratio at 20%, chairman says

    - Oct 24, 2013 7:12pm
    Pharmaceutical distributor New Ray Medicine International Holdings Ltd. (08180.HK) aims to cap its gearing ratio at 20 percent, following a jump in the ratio during the last two years.  The company said the liability ratio has...
  • HSI continues decline amid rate concerns

    Oct 24, 2013 5:05pm
    Hong Kong shares continued their decline for the fourth straight day on Thursday as investors worried over rising interbank rates. Despite news that manufacturing activity in the mainland is improving, the benchmark Hang Seng Index fell 164 points to...
  • Property market was among the key engines that drove China's economic rebound in the third quarter. Photo: Reuters

    China emerges from economic trough, but road ahead still bumpy

    - Oct 24, 2013 9:22am
    China’s economic growth gathered speed in the third quarter, but it’s not necessarily a great achievement to brag about. The growth rate of 7.8 percent was achieved mainly because of the mini-stimulus measures launched by the...
  • HSI slumps over 300 points as telecom plays nosedive

    Oct 23, 2013 5:04pm
    Hong Kong’s benchmark index surrendered early gains to close below 23,000 points on Wednesday as investors sold off small-cap mainland stocks amid concern over their high valuations. Information technology and telecom stocks were hit hardest. The Hang...
  • Mainland bank plans HK listing, WSJ says

    Oct 23, 2013 6:55am
    Bank of Chongqing Co. will begin selling an initial public offering of up to US$591 million in Hong Kong Wednesday, in the first listing by a Chinese lender in almost three years, the Wall Street Journal...
  • Alibaba in talks with London bourse after HK snub, SCMP says

    Oct 22, 2013 6:43am
    Alibaba is considering a London listing as part of its potential US$15 billion share-sale plan, the South China Morning Post reported Tuesday, citing unnamed sources. Senior executives at the firm met British officials during last week’s visit...
  • Hutchison considers retail IPO, WSJ says

    Oct 21, 2013 6:46am
    Hutchison Whampoa Ltd. could launch one of the world’s biggest recent public offerings after it failed to get the price it wanted for its Hong Kong supermarket chain, the Wall Street Journal reported Sunday. Li Ka-shing’s flagship...
  • An anonymous cartoon clip of Xi Jinping's rise to power has gone viral.

    WEEKENDER: Xi in limelight as November plenum nears

    - Oct 18, 2013 5:28pm
    Chinese leader Xi Jinping {習近平} has come under the public limelight this week amid a blitz of publicity on the 100th anniversary of the birthday of his late father, Communist Party elder Xi Zhongxun {習仲勛}, on...
  • Poly auction unit plans to shift IPO to Hong Kong, SCMP says

    Oct 18, 2013 11:14am
    The culture and auction business unit of state-owned conglomerate Poly Group is preparing for listing in Hong Kong after abandoning its initial public offering in Shanghai amid regulatory uncertainties in the mainland, the South China Morning...
  • PBoC halts open market operations amid credit pressures

    Oct 17, 2013 12:42pm
    The People’s Bank of China (PBoC) suspended its regular open market operations on Thursday after saying the country faces credit expansionary pressures amid large inflows of capital. The central bank didn’t sell any bills, repos or...
  • The real boom in Shanghai’s free trade zone

    Oct 17, 2013 8:07am
    There are high hopes among many for the trade and financial reform benefits to stream from the Shanghai free trade zone (FTZ). There are also serious doubts about whether the country can take the hits of...
  • China dreams big in ASEAN

    - Oct 16, 2013 3:44pm
    Chinese leaders are busy. (I’m 100 percent serious, and not joking about Network News, the primetime news program of state broadcaster China Central Television. The program’s three segments, viewed as a political barometer, has been a...
  • Say goodbye to one country, two systems

    - Oct 16, 2013 1:40pm
    Three decades ago, as China negotiated with Britain over the future of Hong Kong, paramount leader Deng Xiaoping proposed that Hong Kong’s capitalist system and way of life remained unchanged for 50 years after the handover....

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