Date
25 February 2020

Markets

  • What’s all the excitement about a moribund market?

    Nov 7, 2013 11:52am
    It’s not so bad for China’s moribund A shares after all. After languishing near the bottom as one of Asia’s worst performers this year, the market is beginning to look like a buying opportunity for big...
  • Huishang Bank IPO raises US$1.19 bln, WSJ says

    Nov 7, 2013 6:57am
    Huishang Bank Corp. raised US$1.19 billion in an initial public offering in Hong Kong after pricing its shares near the low end of an indicative range, amid growing concerns among investors about rising bad loans in...
  • China Mobile takes edge off losses in volatile HK session

    Nov 6, 2013 6:00pm
    Wednesday’s trading session proved volatile for Hong Kong stocks, with the benchmark Hang Seng Index falling more than 80 points at one time before support from blue-chip telco China Mobile (00941.HK) helped it end the day...
  • HSI dips 150 points as A shares get a lift

    Nov 5, 2013 5:43pm
    Hong Kong’s benchmark index ended Tuesday 0.65 percent lower while the mainland stock market hitched a lift on speculation of new shale gas tenders. The Hang Seng Index shed 150 points to 23,038 and the Hang...
  • Cinda closer to Hong Kong listing, WSJ says

    Nov 5, 2013 6:35am
    State-owned China Cinda Asset Management Co., a buyer of bad bank loans, is to seek approval this week to list in Hong Kong, aiming to as much as US$2 billion in an initial public offering, the Wall Street...
  • Solar gets a lift but HSI searches for direction

    Nov 4, 2013 6:13pm
    The Hong Kong stock market struggled for direction Monday as investors waited for HSBC (00005.HK) to release its quarterly report card. The benchmark index Heng Sang Index dropped 0.26 percent, or 60 points, to end the...
  • China's leaders need to strike the right balance between growth and reforms. Photo: Bloomberg

    GDP target to test China reform pace

    - Nov 4, 2013 9:43am
    How fast will China’s economic reforms proceed under the country’s new helmsmen? That is a question many people in and out of China are asking. As China’s economic strength grows and its integration with the global economy...
  • Proposed Guangdong-HK-Macau FTZ has no clear selling point

    Nov 4, 2013 8:55am
    Even before the Shanghai pilot free-trade zone was inaugurated in late September, many cities and regions have been lobbying for a similar status. But at the moment, it’s anybody’s guess whether Beijing is prepared to bestow...
  • Shares worth 40.3 bln yuan unlocked this week, Xinhua says

    Nov 4, 2013 8:22am
    About 40.3 billion yuan (US$6.59 billion) worth of locked up Chinese shares will become eligible for trade this week, marking the highest weekly unlock this quarter, Xinhua news agency reported Sunday, citing data from bourses. A...
  • CSRC chief wants small investors to have bigger say, paper says

    Nov 4, 2013 8:05am
    Xiao Gang {肖鋼}, chairman of the China Securities Regulatory Commission (CSRC), said at the annual meeting of the International Association of Chinese Listed Companies that governance of controlling shareholders should be improved while small and medium-scale investors should be...
  • Mark Uhrynuk, partner at Mayer Brown JSM, said some Chinese manufacturers are seeking to buy foreign companies to acquire intellectual property rights.

    Technology and brands fuel M&A push, Mayer Brown says

    - Nov 4, 2013 6:50am
    Chinese companies seeking merger and acquisition (M&A) opportunities overseas are likely to be drawn to Taiwan’s technology firms and rising brands in Southeast Asian countries such as Indonesia, a senior executive at Mayer Brown JSM said. “Technology...
  • Hang Seng ends week higher

    Nov 1, 2013 6:13pm
    Hong Kong stocks closed out the week higher, picking up 0.19 percent in directionless action Friday, the first trading day of the month. The benchmark Hang Seng Index finished at 23,249 points for the day and...
  • China's leaders are expected to unveil new reforms to build on the economic gains of the past. Photo: Bloomberg

    WEEKENDER: Hopes build for second wave of China reforms

    - Nov 1, 2013 4:27pm
    Billed as China’s second wave of reform, the Chinese Communist Party’s central committee is due to endorse a master plan of reform for the nation for the next ten years at a plenum next week as...
  • NSSF opts for defensive stocks in 4Q, paper says

    Nov 1, 2013 12:44pm
    China’s National Social Security Fund (NSSF) is believed to have sold shares of some listed small and medium enterprises such as Suning Commerce Group Co. Ltd. (002024.CN), Huayi Brothers Media Corp. (300027.CN) and Ourpalm Co. Ltd....
  • GCL-Poly’s move on Same Time hard to justify

    Nov 1, 2013 9:23am
    Polysilicon maker GCL Poly Energy Holdings’ (03800.HK) plan to invest in printed circuit board maker Same Time Holdings (00451.HK) clearly reflects the former’s appetite for more downstream solar business. But questions are being asked as to...
  • HSI closes market-crash month on a high note

    Oct 31, 2013 6:04pm
    Hong Kong stocks took a breather Thursday, slipping 0.42 percent to finish at 23,206, on a round of profit-taking. Still, the benchmark Hang Seng Index ended October on a high note. It picked up 1.5 percent,...
  • HSI ends higher as traders settle futures positions

    Oct 30, 2013 5:29pm
    Hong Kong’s benchmark Hang Sang Index rose 2 percent, or 457 points, to close at 23,304 Wednesday, gaining the most in more than two months, as traders moved to settle futures positions. The Hang Seng China Enterprises Index...
  • 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...