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  • November 22, 2014
  • Last updated: 10:56am
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Results 1 - 10 of 15 for financial industry

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  1. Business - Money - STOCKS

    HK stocks hit by sell-off after US market tumbles

    Posted Oct 10th 2014, 12:00pm by CHIM SAU-WAI

    ... 336 points, or 1.4 per cent, to 23,198 at the market opening amid a broad slide in Asian markets. On Thursday, the Dow Jones Industrial Average dropped the most since February, sinking 334.97 points, or 1.97 per cent, to 16,659. Concerns have mounted that slowing growth in Europe – with German industrial growth contracting – may hurt the US economy. An end to the US Federal Reserve’s ...

  2. Business - Money - STOCKS

    Fund managers pull out of Hong Kong companies amid rising risk

    Posted Oct 07th 2014, 05:26am by Jeanny Yu

    ... will underpin an increased political risk premium for the Hong Kong market." Risks linger over the city's financial markets as protesters remain on the streets in Admiralty, Causeway Bay ... released yesterday. Macau gaming, retailing and real estate are the three industry groups that have underperformed the MSCI Hong Kong since September. Most of those sectors, however, saw a rebound ...

  3. Business - Money - STOCKS

    Hang Seng Index hits six-year high on economic data and property hopes

    Posted Sep 04th 2014, 01:09am by DON WEINLAND

    ... such as China Mobile and Industrial and Commercial Bank of China vaulted higher on positive news. The index closed 568.93 points or 2.3 per cent up at 25,317.95. "[Hong Kong shares] got a boost ... for the rally," said Kenny Tang Sing-hing, general manager at AMTD Financial Planning in Hong Kong. He noted that the uptrend was likely to continue on expectations that the Hong Kong-Shanghai stock ...

  4. Business - Money - STOCKS

    State media push for equity investing

    Posted Sep 05th 2014, 01:21am by BLOOM

    ... The mainland's state-run media is trying to do something the securities industry has failed to accomplish for much of the past three years: get the world's biggest population to buy more stocks. ... presentations by the biggest listed banks in the past two weeks. Huang Shi got the message. The media campaign "did influence my purchase", said Huang, 26, who works in the finance industry ...

  5. Business - China Business - STOCKS

    Chinese utility firms likely to be worst hit, Standard Chartered says

    Posted Nov 27th 2013, 03:32am by Jeanny Yu

    ... Hang Seng Index to swing between 24,000 and 28,000 points next year, with the outperformers being industrials, consumer plays and banks. It expects the H-share index- which closed at 11,302.03 points yesterday- to trade between 12,000 and 15,000. Sun Hung Kai Financial is expecting the Hang Seng Index to reach 25,000 points by the end of next year. Goldman Sachs raised its forecast ...

  6. Business - Money - STOCKS

    New stocks Dynagreen and Hanhua end first day on firm note

    Posted Jun 20th 2014, 12:59am by Ray Chan

    ... on firm note Two companies- Dynagreen Environmental Protection Group and Hanhua Financial Holding- delivered positive performances in their first trading session on the stock market yesterday ... had gradually shifted their focus to small-cap stocks in the environmental, medical and internet industries at the expense of once high-flying Macau gaming, large bank and insurance companies. ...

  7. Business - China Business - STOCKS

    Shares in two mainland firms battered after reports

    Posted Nov 22nd 2013, 03:02am by Toh Han Shih

    ... of Prince Frog International and China Huirong Financial fell sharply yesterday in reaction to negative reports on the companies. Childcare product manufacturer Prince Frog's shares plunged 26 ... and chief executive Li Zhenhui hardly spoke on the call, leaving chief financial officer Hong Fang to do most of the talking, the hedge fund manager said. Glaucus alleged the State Administration ...

  8. Business - Money - STOCKS

    Investor interest in H shares on the wane

    Posted Jul 13th 2013, 12:00am by Enoch Yiu

    ... among H shares, with a 1,406 per cent gain since it was added to the H-share index in 1994. Joseph Tong Tang, an executive director of Sun Hung Kai Financial, said when H shares were first ... when big players such as China Mobile listed in the late 1990s and when Big Four mainland banks Bank of China and Industrial and Commercial Bank of China listed in 2005 and 2006," Tong ...

  9. Business - Money - STOCKS

    Analysts shrug off sell-off in H shares

    Posted Jul 08th 2013, 12:00am by Enoch Yiu

    ... by financial and property firms. It dropped to as low as 8,640.85 points before bouncing back to close at 9,209.34 on Friday. Investors are selling mainland lenders on concerns that interest rate ... with 90 per cent for the car ownership rate in the US. That means the car industry has huge growth potential," Au said. "A similar situation could happen to other industries in retail ...

  10. Business - Money - STOCKS

    Liquidity will drive up Hong Kong stock in 2013: SCMP Survey

    Posted Dec 29th 2012, 12:00am by Jeanny Yu

    ... and energy firms could become overbought by then. "We are seeing industrial corporate margins coming back next year, providing Hong Kong stocks a 10 per cent upside. However, this cyclical ... confidence and trigger some re-ratings of stocks. Most sectors on the MSCI China Index are trading at discounts to their historical averages. Financial stocks are the cheapest, trading at a 40 per ...




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