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  • September 19, 2014
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  1. Citic profit falls 12.3pc on stock market slump

    Posted Jan 22nd 2009, 12:00am by Martin Zhou

    ... of the stock market meltdown last year. Bearish investor sentiment significantly curtailed fund-raising activity in the market, cutting off a major source of revenue for securities companies. Brokerage ... in the country's financial markets. Net income last year was 14 billion yuan (HK$15.88 billion), the state-owned group said in a statement on its website yesterday. It posted 15.97 billon yuan in profit ...

  2. Shanghai tells state firms to quit stocks

    Posted Jun 28th 2004, 12:00am by Elaine Chan

    ... Elaine Chan The Shanghai municipal government has ordered state companies under its control to halt trading activities on the mainland stock markets by Wednesday, in an effort to reduce ... have invested in the stock markets, brokers and fund managers say their exposure is substantial. Brokers doubt the municipal commission's latest control measure will be able to keep state ...

  3. New stocks beat expectations on debut

    Posted Sep 25th 2010, 12:00am by Amanda Lee

    ... Cardiovascular and cerebral-vascular drugmaker Sihuan Pharmaceutical, which de-listed from the Singapore stock exchange last year, is hoping to tap the Hong Kong equity market for more than HK$5 billion. ... which it will use for marketing, new product development and expansion. Hua Han, which is expanding its biopharmaceutical product range, hopes the Magic spin-off will improve valuation of both ...

  4. HK stocks surge 4pc after inflation figures spark optimism

    Posted Jun 11th 2009, 12:00am by Nick Westra

    ... Nick Westra Hong Kong stocks surged yesterday, reversing a two-day decline, as investors joined a regional rally after inflation data on the mainland provided more evidence of an economic ... on Tuesday showed that vehicle sales increased in May for the fourth month in a row. And the market was optimistic the mainland's monthly retail sales and industrial production levels would also ...

  5. Subsidy cut drives mainland car stocks down

    Posted Jan 04th 2011, 12:00am by Celine Sun

    ... Celine Sun in Beijing The mainland scrapped subsidies for new car purchases at the weekend- following an earlier increase in sales taxes on small-engined cars- in a move that pushed car stocks lower when markets opened yesterday. Shares in Great Wall Motor, the country's largest maker of sport-utility vehicles, fell 7.9 per cent to close at HK$22.10; Guangzhou Automobile ...

  6. Beijing opens markets to insurers

    Posted Oct 26th 2004, 12:00am by Staff Reporter

    ... yesterday agreed to allow them to invest as much as 5 per cent of their assets directly into the domestic stock market. Until now, insurance companies could invest 15 per cent of their assets ... a market capitalisation of 3.8 trillion yuan, 55 billion yuan in stock buying would add 1.4 per cent to the market. Last month, the assets of the mainland's more than 80 insurance companies ...

  7. Fledgling China fund cashes in on careful stock picks

    Posted Jul 20th 2003, 12:00am by Gwyneth Roberts

    ... negative. People were selling the good ones and the bad ones together. They threw the baby out with the bath water. It was crazy. Stocks in the Chinese market dropped an average of 30 to 40 per cent ... market share under the Great Wall name, and the biggest chocolate maker. She first bought the stock at HK$1.20 for her previous fund, and it is now trading at around HK$3.10. Despite the run-up ...

  8. Chinalco stake deal with Rio faces collapse

    Posted Jun 05th 2009, 12:00am by Carol Chan, Denise Tsang

    ... value and improving the group's capital structure,' the miner said. The share price of the Anglo-Australian giant fell on the London Stock Exchange to close 6.59 per cent lower ...

  9. Stocks dip as weak US retail data dulls mood

    Posted Apr 15th 2005, 12:00am by Staff Reporter

    ... being the worst performer in the first quarter, Hong Kong is now able to cushion the drop we are seeing in other markets such as Taiwan and Korea, where tech stocks were hit hard by the [1.55 ... with Morgan Stanley to buy a Macanese building. Speculative activity spread to the Growth Enterprise Market with nine of the 15 best-performing stocks trading on the secondary market. Securities ...

  10. Stock rally capped near 14,000 by profit taking

    Posted Jun 11th 2005, 12:00am by Staff Reporter

    ... Anette Jonsson Hong Kong stocks finished slightly higher yesterday, supported by strong buying of index heavyweights HSBC and PetroChina, but once again the Hang Seng Index was capped ... public offering on Monday. They expect the offer to soak up some liquidity from the secondary market, but say if demand turns out to be as good as the anecdotal evidence suggests, the offer could ...




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