Date
15 July 2018

Markets

  • Cinda sees CAR rising to 23% after IPO, official says

    Nov 27, 2013 6:17pm
    China Cinda Asset Management Co. Ltd. (01359.HK), one of four companies created in 1999 to buy bad debt from the nation’s banks, expects its capital adequacy ratio to hit 23 percent after its Hong Kong initial...
  • Cement maker buyback bid, rising prices cheer market

    Nov 27, 2013 5:54pm
    Cement plays starred Wednesday as Hong Kong stocks closed marginally higher, tracking gains in Shanghai. The Hang Seng Index added 0.55 percent to finish at 23,812 points. The Hang Seng China Enterprises Index climbed 0.9 percent to...
  • Oil, property plays weigh on stocks in choppy trade

    Nov 26, 2013 5:39pm
    Hong Kong and mainland stocks closed lower in choppy trade Tuesday as oil plays and property counters reeled from negative developments across the border. The benchmark Hang Seng Index gave back a 67-point intraday gain to...
  • Dongguan factories have a success story to share

    Nov 26, 2013 8:06am
    Dongguan, the leading manufacturing hub in southern China, bore the brunt of plunging overseas demand following the 2008 global financial crisis, but it was also among the first to figure the way out of its old economic...
  • Cinda lines up 10 cornerstone investors in IPO, WSJ says

    Nov 25, 2013 10:35am
    China Cinda Asset Management Co. has lined up 10 cornerstone investors to take up 44 percent of its proposed US$2.46 billion initial public offering, the Wall Street Journal reported on Sunday, citing people familiar with the...
  • About 16 bln yuan of shares unlocked this week, Xinhua says

    Nov 25, 2013 7:13am
    Lock-up shares worth 16.1 billion yuan (US$2.6 billion) will become eligible for trade in China this week, Xinhua news agency reported on Sunday, citing data from stock exchanges. Altogether, 20 listed companies on the Shanghai and Shenzhen...
  • HSI up 2.9% for the week, led by insurance plays

    Nov 22, 2013 5:19pm
    Hong Kong’s benchmark index climbed 115 points or 0.49 percent on Friday to finish at 23,698 points, taking the cue from the US markets where the Dow Jones Index closed above 16,000 points for the first time on...
  • An exotic China theory: The bigger the trouble the better

    Nov 22, 2013 7:05am
    This year, we have seen the strong comeback of a couple of sectors that were once in deep trouble. If there is any takeaway, it is probably that instead of running away from sectors with big...
  • Cinda Asset prepares for up to US$2.4 bln IPO, WSJ says

    Nov 22, 2013 6:56am
    China Cinda Asset Management Co. is set to begin a pre-marketing exercise ahead of an initial public offering that could raise up to US$2.4 billion in Hong Kong’s biggest float this year, the Wall Street Journal...
  • Airlines take off despite bleak market sentiment

    Nov 21, 2013 6:16pm
    Hong Kong’s benchmark Hang Seng Index on Thursday closed 120 points or 0.51 percent lower at 23,580 points as concerns over possible tapering of stimulus measures in the United States and easing manufacturing activity in China...
  • China faces a long and difficult road on financial reforms. Photo: Reuters

    Financial reform struggles to continue

    - Nov 21, 2013 10:26am
    The document released last week after the Chinese Communist Party’s central committee plenum suggests two things. The one is that opposition to financial reforms remains huge. The other is that top policymakers are trying to make...
  • Shipping and aviation plays soar on state security concept

    Nov 20, 2013 5:32pm
    Hong Kong’s benchmark Hang Seng Index (HSI) rose 43 points or 0.18 percent on Wednesday to finish at 23,700 points, while the H-share index climbed for the fifth straight session, edging up 0.63 percent to 11,307 at the...
  • Bitcoin prices have soared amid a speculative frenzy among Chinese investors. Photo: Reuters

    Risks rise as Chinese inflate the bitcoin bubble

    - Nov 20, 2013 12:07pm
    China’s yuan has been one of the most speculative currency investments in the world. But now another unit is beginning to take that position — the bitcoin digital currency. China drew the attention of all the...
  • JP Morgan quits as China Everbright IPO underwriter, WSJ says

    Nov 20, 2013 6:42am
      J.P. Morgan Chase has withdrawn from underwriting China Everbright Bank’s US$2 billion initial public offering in Hong Kong, the Wall Street Journal reported Tuesday, citing people with knowledge of the deal. The reasons for the exit...
  • HSI takes a breather but insurance plays still hot

    Nov 19, 2013 5:57pm
    Hong Kong’s benchmark index took a breather on Tuesday after surging more than 600 points in the previous session, but market sentiment remained positive. The Hang Seng Index ended the day 2 points or 0.01 percent lower...
  • HSI surges 2.7% as reform details cheer investors

    Nov 18, 2013 5:42pm
    Hong Kong stocks surged on Monday as additional documents showing the extent of the reforms agreed upon during the just-concluded Communist Party plenum buoyed investor sentiment. The benchmark Hang Seng Index closed 623 points or 2.7 percent...
  • Lock-up ends for 11.7 bln yuan worth of shares, website says

    Nov 18, 2013 9:48am
    More than 11.7 billion yuan (US$1.92 billion) worth of shares will become eligible for trading in mainland China this week after the regulatory lock-up period expires, news portal xinhua08.com reported Sunday, citing the Shanghai and Shenzhen...
  • China launches japonica rice futures trade, paper says

    Nov 18, 2013 9:05am
    China is launching the trading of japonica rice futures at the Zhengzhou Commodities Exchange on Monday, the Shanghai Securities Journal reported, citing the exchange. The exchange will also launch long-grain non-glutinous rice futures at an appropriate...
  • Beijing to loosen control over IPOs, WSJ says

    Nov 18, 2013 6:27am
    China will revamp its initial public offering regime to a western-style system under which companies can go public on their merits, the Wall Street Journal reported Sunday. At present, the government decides which companies can list. The...
  • Hong Kong, Shanghai take cue from US rally

    Nov 15, 2013 5:54pm
    Hong Kong and mainland equities rallied Friday after US stock markets hit record intraday highs overnight. The benchmark Hang Seng Index surged 1.7 percent to 23,032 points and the Hang Seng China Enterprises Index gained 3...

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