Stock Market

HKEx to reduce fees for trading stock options

Hong Kong Exchanges and Clearing hopes market activity in stock options will pick up when fees are cut in May. Photo: David Wong

Twenty-six series of stock options will have their fees reduced by up to 83 per cent from May 2, as part of a range of measures unveiled yesterday to promote stock options, after the market operator recorded a drop in turnover last year.

Thursday, 21 March, 2013, 5:20am

Mainland China allows residents from Hong Kong and Taiwan to trade A shares

Hong Kong, Taiwan and Macau residents living in mainland will be allowed to open domestic trading accounts from April 1. Photo: AP

The rule, which takes effect on April 1, will allow them to open accounts for yuan-denominated stocks, or A shares, according to a statement on the website of China Securities Depository and Clearing Corp.

10 Mar 2013 - 8:55am

China stocks set to be cleared for Hong Kong investors

Guo Shuqing. Photo: Reuters

Citing the policy as a boost to local institutions' yuan businesses, the Hong Kong Monetary Authority said it would keep in close contact with the mainland regulators to develop yuan businesses.

8 Mar 2013 - 7:05am

Low value lifts Coach takeover odds

Coach's handbags and shoes are being offered to buyers at one of the biggest bargains among luxury brands. Photo: Reuters

Shares of Coach have lost 17 per cent since faster-growing rival Michael Kors went public in 2011 and began an almost threefold rally. Even though Coach has the widest profit margins among peers, the US$14 billion company is trading for only 13.6 times earnings, lower than 96 per cent of similar-sized rivals.

7 Mar 2013 - 6:12am

AIA profit rises 89pc to beat market target

AIA's sales rose as it expanded in Southeast Asia. Photo: Reuters

AIA Group's net income rose to US$3 billion, or 25.1 US cents a share, in the year to November from US$1.6 billion, or 13.3 US cents a share, a year earlier, the company said in a statement to the stock exchange yesterday. The figure beat the US$2.7 billion average estimate of 12 analysts.

7 May 2015 - 3:28pm

Italian election impasse roils world markets, shakes Europe

Harry's view

The Milan stock market plunged and Italy's borrowing rates jumped after centre-left Democratic Party leader Pier Luigi Bersani scraped a razor-thin victory in the lower house of parliament but the Senate remained up for grabs.

27 Feb 2013 - 3:52am

Stocks dive on fear of further tightening

Stocks dive on fear of further tightening

Mainland stocks posted their biggest single-day loss in nearly 15 months yesterday as skittish investors were battered by worries of further government tightening measures in the property sector.

The sharp fall damped bullish investors' hopes for a strong rally this year despite optimistic forecasts for economic and corporate fundamentals.

22 Feb 2013 - 5:13am

Rail ministry's debts bring biggest freight fees rise in a decade

Freight charges accounted for 50 to 70 per cent of the Ministry of Railways' revenue.

The crushing debt burden of the Ministry of Railways has compelled Beijing to impose the biggest rise in rail freight tariffs in a decade. Although that may be bad news for freighters, it came as welcome news on the stock market.

21 Feb 2013 - 6:07am

Hong Kong stocks set for bullish start to the Year of the Snake

Overnight rallies in the US helped Asian markets climb. Photo: EPA

Hong Kong stocks could open the Year of the Snake on a bullish note as Asian markets rose after US corporate earnings sent the Dow Jones Industrial Average to a five-year high.

14 Feb 2013 - 4:53am

Year of the Snake is a year to buy gold

According to fung shui master Wong Man-chiu, gold will have an upward trend and people will buy the precious metal as a safe haven. Photo: Bloomberg

The Year of the Snake, according to fung shui master Wong Man-chiu, will continue to be a volatile year in both the macro economy and the stock and property markets.

12 Feb 2013 - 5:08am 1 comment

Kingway shares climb after sale of breweries announced

Kingway Brewery Holdings. Photo: Bloomberg News

Shares of Kingway Brewery Holdings rose 7 per cent yesterday after the company announced it was selling its brewery business for 5.58 billion yuan (HK$6.87 billion) to China Resources Snow Breweries and a special dividend was proposed.

7 Feb 2013 - 5:16am

Beware of mixed economic signals

The Dow Jones index rose above 14,000 for the first time since 2007.

Investors should heed conflicting economic signals. If they had predicted last week where the next negative sign was coming from, many would have said Europe, which is unlikely to emerge from its debt woes without another mini-crisis or two. But it turned out to be the US, where the economy contracted 0.1 per cent in the December quarter, against market expectations of more than 1 per cent growth. Conflicting signals emerged by the end of the week, with revised figures showing the US economy added many more jobs than thought in the December quarter, sending the Dow Jones index above 14,000 for the first time since 2007.

4 Feb 2013 - 3:02am

Chinalco Mining tumbles 6.3pc on trading debut

Retail investors may have overlooked the fact that copper mining in South America was much more profitable than steel smelting in China, resulting Chinalco Mining's sharp price fall. Photo: Bloomberg

The sharp price fall might have been caused by retail investors, who tended to have a short investment horizon and were not familiar with the company's operations and outlook, analysts said.

1 Feb 2013 - 8:24am

Stock market under Guo shows how politics clashes with reform

Guo Shuqing, chairman of China Securities Regulatory Commission. Photo: Bloomberg

Hopes are riding high that China's new leaders will live up to their promises and press ahead with much-needed economic reforms.

But a look at the mainland's stock market and how it is regulated provides an object lesson in just how difficult implementing real reform can be.

31 Jan 2013 - 5:20am

Hang Seng soars as mainland rally excites investors

The Hang Seng Index finished at its highest close since April 2011.

Investors were also excited by the onshore market, which rallied for a third day after a mainland official said Taiwanese institutional investors might have an extra 100 billion yuan (HK$123 billion) added to their quota to invest in the mainland capital market under the qualified foreign institutional investor scheme.

31 Jan 2013 - 5:20am