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  • April 20, 2014
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  1. Business - China Business - ECONOMY

    China manufacturing index at six-month low, says HSBC

    Posted Jan 30th 2014, 11:30am by Agence France-Presse in Beijing

    ... Chinese manufacturing contracted for the first time in six months in January, HSBC confirmed on Thursday, raising questions over growth prospects for the world’s second-largest economy this year. ... since July and fractionally below the preliminary 49.6 HSBC announced last week. The index is a closely watched gauge of the health of the Asian economic powerhouse. A reading above 50 indicates ...

  2. Business - Economy - ECONOMY

    China PMI edges up to 50.3

    Posted Apr 01st 2014, 09:36am by Bloomberg

    ... support measures. A purchasing managers' index fell to 48 last month, the lowest reading since July last year, from 48.5 in February, HSBC and Markit Economics said yesterday. A separate PMI ... construction spending. "We expect Beijing to fine-tune policy sooner rather than later to stabilise growth," said Qu Hongbin, the chief China economist at HSBC in Hong Kong. Qu also said ...

  3. Business - Economy - ECONOMY

    China’s HSBC flash PMI sinks to three-month low, but rebound signals stay

    Posted Dec 16th 2013, 11:30am by Reuters

    ... The flash Markit/HSBC Purchasing Managers’ Index (PMI) fell to 50.5 from November’s final reading of 50.8, but for a fifth consecutive month remained above the 50 line which separates expansion ... HSBC Flash China Manufacturing PMI reading slowed marginally from November’s final reading,” said Hongbin Qu, chief economist for China at HSBC, in a comment accompanying the PMI. “But it still ...

  4. Business - Economy - ECONOMY

    Beijing's mini-stimulus fails to excite market

    Posted Apr 04th 2014, 01:14am by Victoria Ruan

    ... construction bonds, the cabinet said. HSBC maintained its forecast for the mainland's gross domestic product growth at 7.4 per cent this year, slightly below Beijing's target of about 7.5 per cent. "The scale of the stimulus is modest, likely aimed at smoothing GDP growth at around the 7.5 per cent target, rather than another round of massive stimulus," said HSBC's Qu ...

  5. Business - China Business - ECONOMY

    China's factories off to a slow start

    Posted Jan 24th 2014, 02:19am by Reuters

    ... Reuters in Beijing Markit/HSBC PMI reading for January shows first contraction in six months as strains mount Mainland factories off to slow start Activity in the mainland's factory ... levels to head off financial risks. Weighed down by weaker domestic and export demand, the flash Markit/HSBC Purchasing Managers' Index fell to 49.6 in January from December's final ...

  6. Business - Economy - ECONOMY

    China purchasing managers' index rises as barometer of global health

    Posted Feb 03rd 2014, 04:11am by Bloomberg

    ... in tracking the Chinese purchasing managers' index, which is released each month by HSBC and Markit Economics. When January's preliminary estimate of 49.6 undershot economists' ... three to five years, I think the HSBC manufacturing PMI for China is certainly up there," Elston said. "If I am in the office, I'll be watching out for it. When the numbers ...

  7. Business - Economy - ECONOMY

    China HSBC PMI dips to 11-month low as official figure picks up

    Posted Aug 01st 2013, 10:08am by Victoria Ruan

    ... Victoria Ruan in Beijing Victoria.ruan@scmp.com Official PMI shows mainland factories busier, but HSBC survey finds small firms struggling Mixed signals in Chinese manufacturing data ... But HSBC's PMI, focused on smaller firms, recorded an 11-month low of 47.7 in July, compared with 48.2 in June, partly as a result of the quickest job shedding since March 2009. Exporters reported ...

  8. Business - Economy - ECONOMY

    China HSBC May services PMI grows modestly after soft patch

    Posted Jun 05th 2013, 11:57am by Reuters in Beijing

    ... survey for Hong Kong's private sector showed business activity in the city contracted last month as new orders fell. On the mainland, the HSBC/Markit purchasing managers' index ... higher volumes of new orders, but more than four in five saw no improvement from April. HSBC's chief China economist, Qu Hongbin, said: "A soft patch in manufacturing growth continues ...

  9. Business - Economy - ECONOMY

    Hong Kong business confidence spikes to highest level in nearly 2 years

    Posted Feb 07th 2014, 05:17am by Charlotte So

    ... remained cautious given uncertain economic conditions in the US and China. The HSBC purchasing managers' index showed a reading of 52.7 in January from 51.2 in December, the highest ... activity looks like it will be sustained at the start of 2014," said John Zhu, an economist at HSBC. "The January data indicated that output and new orders are growing at the fastest rate ...

  10. Business - Banking & Finance - ECONOMY

    HSBC lays off middle managers at Hong Kong investment banking unit

    Posted Oct 09th 2012, 12:00am by George Chen, Ray Chan

    ... George Chen and Ray Chan Middle-ranking executives shown the door in section no longer considered 'a business focus' HSBC wields axe at investment banking unit HSBC quietly laid ... of the bankers were let go with severance packages equal to at least three months' salary, said the sources, who declined to be identified because the staff cuts had not been announced. An HSBC ...




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