China has issued an unprecedented set of policy guidelines to push for transparency, security, risk-management and vibrancy in the country’s US$9 trillion stock market, sketching out a view of what the world’s second-largest capital market could look like by the middle of the century as...
China’s state-owned enterprises (SOEs) are “shifting gears” to raise their game and boost earnings by adding innovation, research and supply-chain security to their focus and performance yardsticks, an industry analyst said.The new approach, spelled out by Beijing earlier this year, represents a “distinct departure” from...
First-time stock offerings in Hong Kong are expected to improve on the back of a strong pipeline of candidates, as well as mainland Chinese companies switching their listing from other venues, according to Deloitte.“We have witnessed an increase in listing applications, in particular from the...
Chinese stocks jumped by the most in more than a month after a stronger than expected rebound in manufacturing underpinned buying sentiment among foreign investors.The CSI 300 Index of the nation’s biggest companies advanced 1.6 per cent to 3,592.89 at 10.25am local time in Shanghai,...
“There are more clients coming back to look at the China market and asking us about market views,” Liu Minyue, an investment specialist at BNP Paribas Asset Management in Hong Kong, said in an interview. “Sentiment seems to be improving.” 02:40Chinese Premier Li Qiang delivers his...
Hong Kong stocks advanced after the US Federal Reserve reaffirmed its dovish outlook overnight while keeping its key rate unchanged. Tencent jumped after it unveiled plans to at least double the size of its share repurchases and the city’s property developers rallied on the prospects...
Hong Kong stocks edged higher after corporate earnings fuelled gains in sportswear company Li Ning and telecoms giant China Unicom, although the mood was cautious after China’s central bank kept its benchmark lending rates unchanged.The Hang Seng Index added 0.3 per cent to 16,577.37 as...
Hong Kong stocks slipped as weak corporate earnings and downbeat guidance amid China’s growth concerns weighed on sentiment.The Hang Seng Index declined 0.7 per cent to 16,628.48 as of 10.05am local time. The Tech Index lost 1.1 per cent and the Shanghai Composite Index lost...
Hong Kong stocks declined for a fourth straight session on Monday after a batch of government data showed China’s economic recovery was still tentative, as retail sales and employment data both lagged street estimates, while sentiment was also cautious ahead of the US Federal Reserve...
Hong Kong stocks rose, led by the tech sector which was lifted by e-commerce giant JD.com’s sharp gains ahead of its earnings report, but sentiment was cautious as investors were disappointed by the lack of any major stimulus announcement at China’s annual parliamentary meeting.The Hang...