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23 Feb Hong Kong stocks join global rally for best weekly winning streak since June as Baidu, Tencent rise

Posted at 02:45h in Asia

Hong Kong stocks climbed for a fourth day, joining a global market rally as tech stocks regained flavour amid advances in computing and artificial intelligence. Equities in mainland bourses extended gains as a government report showed home prices fell at a slower pace.The Hang Seng...

22 Feb Hong Kong stocks waver near 7-week high on mixed corporate earnings signals while developers trim speculative rally

Posted at 03:10h in Asia

Hong Kong stocks wavered near a seven-week high amid mixed corporate earnings signals as lender HSBC underwhelmed and travel platform operator Trip.com beat market consensus. Property developers pared gains fuelled by speculation about market-easing measures.The Hang Seng Index slipped 0.3 per cent to 16,459.93 at...

20 Feb China’s new financial regulator pledges transparency to bring investors back from the brink

Posted at 22:00h in Asia

China’s new financial regulator has made fresh pledges to increase regulatory transparency, stability and predictability, the latest of several attempts to restore investor confidence following a stock meltdown and high-profile personnel changes.The country will benchmark its financial policies against international rules and reduce restrictive measures...

10 Feb Year of the Dragon: Hang Seng to top 20,000 points as stocks face early pain, major swings, feng shui expert predicts

Posted at 01:30h in Asia

Hong Kong’s beaten-down stocks are more likely to generate better returns for investors in the Year of the Dragon that began on February 10, judging by market history. Eric To Chung-yin, a banker-turned-feng shui expert, predicts a successful year ahead.Since its inception, the Hang...

07 Feb China, wary of stock market downturn, appoints new regulatory chief

Posted at 10:17h in Asia

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...

01 Feb Opinion | Worst may be over for Hong Kong stocks – it’s time to buy

Posted at 21:30h in Asia

Hong Kong has almost always been cheap. I’m not talking about the cost of housing or the prices in the supermarkets – but the value of the stock market. For the decades leading up to the handover in 1997, the Hong Kong market was consistently...

01 Feb Opinion | Why a stronger yuan is actually good for China’s sluggish economy

Posted at 01:30h in Asia

In terms of its infrastructure, urbanisation rate and education, nutrition and life expectancy levels, China is already a developed economy. But its nominal per capita GDP is about one sixth of the US’ and one third of Europe’s and Japan’s. A cheap currency is the...

31 Jan Opinion | Chinese companies are on the move – inland and to Southeast Asia

Posted at 12:30h in Asia

Inland movement has gained momentum as businesses strategically relocate to regions within China that offer economic advantages and lower operational costs. This strategic shift reflects a proactive approach to counteracting challenges and maintaining competitiveness amid a dynamic global business landscape.To promote development of the inland...

31 Jan Opinion | China’s economic prospects are brighter than they appear

Posted at 06:30h in Asia

Such sales increased by 7.2 per cent last year, reflecting a recovery in consumer spending after a dip in 2022. But sustaining this growth momentum seems unlikely, and many Chinese economists expect a significant consumption slowdown in 2024.Weighed down by weaker global demand, China’s net...

31 Jan Swiss bank Lombard Odier cuts China asset allocation amid challenges facing world’s second-biggest economy

Posted at 04:40h in Asia

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 economy Tag