Stock Market

Company Results, August 13

Today 1st Quarter: China Communication Telecom Services, Fairson Holdings, Finet Group, Global Link Communications Holdings, Great World, Mobile Telecom Network (Holdings), Sino Harbour Property Group, Tai Shing International (Holdings)

Monday, 13 August, 2012, 11:31am

The constant chase for a quick profit in equities offers dim prospects for growth

At its height, the British empire was one of the largest in the world, with less than 1per cent of the population controlling one-fifth of the world's land area. One reason for the empire's longevity was its ability to adapt to changing conditions through an objective feedback mechanism.

15 Aug 2012 - 10:58pm

Mobile deal lifts China Telecom

China Telecom, the world's largest fixed-line network operator, saw its share price climb to the highest in three months yesterday, on news that it plans to pay more than 120 billion yuan (HK$147.10 billion) to acquire the mobile infrastructure of its parent company.

15 Aug 2012 - 10:58pm

StanChart aims to boost clients with yuan offerings

Standard Chartered Bank (Hong Kong) says it will actively promote its new yuan service to non-residents in the city, and hopes to see its mainland customer base double every year.

From Wednesday this week non-residents have been able to open yuan accounts with banks in Hong Kong. Until then, only Hong Kong identity cardholders were allowed to open yuan accounts in the city.

15 Aug 2012 - 10:58pm

Sluggish HSBC blamed for taking shine off MPF

Fund managers blame HSBC's poor showing in the stock market for the lacklustre performance of the Mandatory Provident Fund (MPF) last month despite a relatively strong rebound in the Hang Seng Index.

15 Aug 2012 - 10:58pm

Cheung Kong tipped for a fall

Cheung Kong - controlled by Asia's wealthiest man Li Ka-shing - is poised today to report a drop of as much as 24 per cent in its first-half core earnings, without one-off gains and given lower property sales, according to analysts.

15 Aug 2012 - 10:51pm

Profit woes, SEC claim dent China Rongsheng

China Rongsheng Heavy Industries Group Holdings saw its share price shed up to 19 per cent on its warning of much lower first-half profit, and on news that the US securities watchdog had accused its founder and chairman, Zhang Zhirong, of illegally trading on insider information.

31 Jul 2012 - 12:00am

Shanghai B-share losses mount for fourth session

Shanghai's hard-currency B shares dropped for the fourth consecutive day yesterday, posting its biggest one-day loss in 10 months, amid rising fears about the tiny market's fate.

The Shanghai B-share Index lost 12.27 points, or 5.64 per cent, to 205.225. It was the biggest daily decline since the indicator tumbled 6.87 per cent on September 22 last year.

31 Jul 2012 - 12:00am

Mainland tycoon faces insider trading inquiry in US

Billionaire Zhang Zhirong is at the centre of a probe involving China's biggest overseas acquisition.

A company controlled by the 43-year-old mainland-born entrepreneur who founded Hong Kong-listed shipbuilder China Rongsheng Heavy Industries is the subject of an insider-trading complaint filed by the US Securities and Exchange Commission.

30 Jul 2012 - 12:00am

HKEx plans to cut trading halts to half an hour

Share-trading halts will only need to last for 30 minutes, instead of half a day or longer, after company announcements that might affect their stock price, according to a Hong Kong Exchanges and Clearing (HKEx) proposal.

The proposal follows criticism that the long suspensions after the August 10 hacker attacks last year left local investors at a disadvantage.

28 Jul 2012 - 12:00am

Lai See

Which century is Lands Department operating in?

27 Jul 2012 - 12:00am

Analysis of China's resource hunt based on flawed ideas

The China National Offshore Oil Corp's US$15.1 billion takeover bid for Canadian oil company Nexen announced on Monday is not, as many media have been reporting, China's largest attempted overseas acquisition.

25 Jul 2012 - 12:00am

Seeking a cure for capitalism

Modern market capitalism used to be heralded as the best way to run an economic system, especially after the collapse of the Soviet Union.

It was said that it promoted rapid growth and encouraged invention and enterprise; it offered freedom and opportunities for all, the advantages of competition, efficient use of finances, fairness and equality.

25 Jul 2012 - 12:00am

Catching small fry while the big fish dives

The Eastern Magistracy today sentenced broker Mr Chan Yuk Hing and his client, Mr Paul Frederic Chane Yin, after they were found guilty of manipulating the share price of Multifield International Holdings Limited.

Securities and Futures Commission, July 13

24 Jul 2012 - 12:00am

Calling for a minimum slice of the pie

The city's seven stockbrokerage bodies have called for the government to bring back a minimum brokerage commission to help them survive in an increasingly hostile market. But their push is likely to be an uphill battle.

24 Jul 2012 - 12:00am