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  1. 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 ...

  2. New stocks beat expectations on debut

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

    ... the health-care sector in the next few months. Drug distributor China Medical System Holdings is offering 200 million shares at HK$5.06 each and the stock is scheduled to start trading on Tuesday. 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. ...

  3. Huaneng turnaround fires up power stocks

    Posted Oct 22nd 2009, 12:00am by Eric Ng

    ... Eric Ng Shares in mainland power producers rose yesterday after industry leader Huaneng Power International posted stronger than expected third-quarter earnings on the back of strong electricity demand growth and lower coal prices. Huaneng on Tuesday nigh ...

  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 recovery across the border. The Hang Seng Index rose 727.17 points or 4.03 per cent to close at 18,785.66. All but three of the 42 blue chips in the index joined the advance, and 10 jumped at least ...

  5. 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 ...

  6. Disposal plan lifts Shanghai AJ stock

    Posted Jul 09th 2008, 12:00am by Carol Chan

    ... in the company, Shanghai AJ said in a filing with the Shanghai Stock Exchange. The company, whose businesses range from trust to brokerage and property, did not give a selling price. Based on the stock's closing price of 10.90 yuan yesterday, its first trading day after a two-week suspension, the stake is worth 1.31 billion yuan (HK$1.49 billion). Shougang Holding would own 70 per cent ...

  7. Steel sector urges use of forex reserves to build up iron ore stocks

    Posted Apr 23rd 2004, 12:00am by Mark O'Neill

    ... Mark O'Neill in Shanghai China's steel industry wants the government to tap its bulging foreign exchange reserves- estimated at US$439 billion- to build up strategic stocks ... than Japan. Iron ore mined by Chinese firms abroad accounts for just 21 per cent of imports. The country has no strategic reserves and only individual companies keep their own stocks, leaving ...

  8. Fledgling China fund cashes in on careful stock picks

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

    ... launched at worse time, with war fears prompting clients to cut their pledged allocations in half. Then the Sars outbreak hit. 'In April, I was one of the only ones buying stocks - it was so 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 ...

  9. 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 ... for almost half of the index gains as it rose 0.4 per cent to $125. Brokers said a large batch of outstanding warrants on the stock with a strike price of $123.88 was contributing to the gains ...

  10. 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 ...




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