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05 Mar Goldman Sachs wealth-management executive warns against buying Chinese stocks, citing tepid growth, opaque policy

Posted at 07:30h in Asia

A top executive with Goldman Sachs Wealth Management has warned against investing in Chinese stocks, hinting at ongoing jitters among foreign investors even as both onshore and offshore shares show nascent signs of stabilisation amid state support and growing foreign inflows.Sharmin Mossavar-Rahmani, the chief investment...

04 Mar China small-cap stocks boosted by state rescue package as 220 million individual investors gain confidence in outlook

Posted at 06:01h in Asia

Expectations about further policy loosening set off a frenzy on liquidity-sensitive small-caps, and a lull in the release of economic data has investors placing event-driven thematic investments in stocks linked to artificial intelligence (AI) and humanoid robots, according to Fu Jingtao, a strategist at Shenwan...

03 Mar China stocks: all eyes on NPC meeting for policy moves to support rally sparked by state buying

Posted at 23:30h in Asia

Traders are eagerly awaiting China’s annual legislative meeting for clues about whether the recent market rebound will sustain, as the high-stakes political gathering sets the nation’s economic agenda for the year.The National People’s Congress (NPC), which kicks off on Tuesday in Beijing and brings together...

01 Mar China stock market: foreign investors halt exodus in sign of improving confidence on state intervention

Posted at 07:47h in Asia

Global traders resumed buying Chinese stocks in February after an unprecedented six months of outflows, suggesting a slew of market-rescue measures from state buying to curbs on quantitative trading has had some success in restoring investors’ confidence.They invested a net 60.7 billion yuan (US$8.4 billion)...

01 Mar Hong Kong stocks snap two-day drop as weak manufacturing report spurs bets on China to support economy

Posted at 02:59h in Asia

Hong Kong stocks snapped a two-day drop after an official report showed a slump in manufacturing in China persisted last month. It heightened bets on stronger economic stimulus measures as policymakers gather next week to set economic targets.The Hang Seng Index rose 0.7 per cent...

29 Feb China punishes hedge fund for high-frequency trading in index futures as it broadens crackdown on quant investments

Posted at 07:56h in Asia

It also failed to disclose the links between three corporate accounts and two retail accounts belonging to the owner and his relative, it said.The exchange will continue to strengthen its oversight of the market to clamp down on wrongdoings, it added.The episode underscores the intensifying...

29 Feb Hong Kong stocks set for best monthly gain since January 2023 on property tonic, China market intervention

Posted at 03:13h in Asia

Hong Kong stocks set for best monthly gain since January 2023 on property tonic, China market interventionHong Kong stocks rose, underpinning the best monthly performance since January 2023 as the city’s government took steps to revive the property market. Market sentiment improved after China’s state-run...

28 Feb China’s ‘national team’ buys US$57 billion of ETFs to buttress flagging stock market, UBS says

Posted at 08:23h in Asia

Chinese state buyers have bought a net 410 billion yuan (US$57 billion) of exchange-traded funds (ETFs) this year to shore up the nation’s US$9 trillion stock market, according to UBS Group.Dubbed the “national team” by investors, the state players pumped 311 billion yuan, or 76...

28 Feb Hong Kong stocks retreat from this year’s high as Country Garden winding-up petition sends developers sliding

Posted at 02:28h in Asia

Internet giant Tencent Holdings slipped 0.9 per cent to HK$282.20.Limiting the losses, online games operator NetEase surged 6.3 per cent to HK$179.70 after the industry regulator approved 111 new titles this month. Baidu gained 1.8 per cent to HK$110.50 before its earnings announcement later on...

27 Feb Hong Kong stocks slide for third day as rebound spurred by government intervention fades; Li Auto jumps as profit hits record

Posted at 02:57h in Asia

Hong Kong stocks dropped for a third day as a rebound spurred by state intervention continued to lose momentum. Investors were cautious ahead of the city’s budget address on Wednesday.The Hang Seng Index fell 0.3 per cent to 16,580.04 as of 9.57am local time, extending...

China stocks Tag