China has appointed Wu Qing – a capital markets veteran – to head the nation’s securities watchdog, an appointment that will place a cumulative US$11 trillion in value under his supervision as one of several measures laid down by Beijing to blunt a downturn.Wu, who...
Hong Kong’s stock market investors can expect a roller-coaster ride full of turbulence and drama as symbolised by the Chinese zodiac of the dragon, according to CLSA’s tongue-in-cheek Feng Shui Index.Market weakness will endure in the first half of the Year of the Dragon, and...
Lombard Odier is the latest to sour on China, cutting allocation to the nation’s assets over concerns about the outlook for the world’s second-largest economy and geopolitical risks.It is too early to take a positive view on Chinese assets, including stocks, bonds and the yuan,...
China’s efforts to support stocks in Shanghai, Shenzhen and Hong Kong has triggered a US$689 billion gain in market valuation last week following 2023’s brutal sell-off. This recovery may not be a long-lasting one as policymakers are still faced with the challenging task of attracting...
Stocks in Hong Kong jumped after China’s market regulator suspended securities lending of restricted shares listed on mainland exchanges to stabilise stock prices, adding to a slew of measures to stem a market rout. China Evergrande sank after losing a court case to fend...
Chinese biotechnology companies slumped in Hong Kong by the most in nearly two years, after a US lawmaker proposed a bill to block US companies from doing business with them, citing their alleged complicity with the military.WuXi Biologics crashed by nearly a fifth, leading the...
Hong Kong stocks fell on Friday, snapping three days of gains, as initial optimism over China’s rescue measures fizzled out.The Hang Seng Index declined 0.4 per cent to 16,150.47 at 10.50am local time, after rallying 8.4 per cent over the preceding three days. The...
China’s latest efforts to prop up the stock market are set to lift investor confidence and stock valuations, according to UK asset manager abrdn. More policy consistency from the top leadership over time could help restore stability after a slump this month.The central bank’s unexpected...
Hong Kong stocks climbed for a third day from a 15-month low, after China ramped up economic measures to calm investors, following a market rout triggered by disappointment over its policy inertia.The Hang Seng Index added 0.3 per cent to 15,939.22 at 9.55am local...
Hong Kong stocks rose for a second day to a one-week high, fuelled by the biggest gain in Alibaba Group in two months, amid speculation about corporate insider buying. China’s securities regulator added to the verbal support for the local financial markets.The Hang Seng...