Hong Kong stocks rise on optimism that the appetite for Chinese assets is returning as Beijing pledges support to markets and signs of an earnings recovery emerges.

Hong Kong stocks rose for a third day after earnings optimism drove the benchmark Hang Seng Index to a five-month high.

Goldman says Chinese stocks may rise 40 per cent amid ‘more conducive trading environment’ in near term, while UBS raises ratings on Chinese and Hong Kong stocks to overweight.

Chabaidao’s stock ended the day 27 per cent lower after slumping as much as 38 per cent. It raised about HK$2.6 billion (US$331.7 million) from the sale of 147.8 million shares at HK$17.50 each.

Hong Kong stocks climbed most in three weeks as investors ramped up their buying on expectations that a slew of supportive measures from the Chinese securities watchdog will aid sentiment.

CSRC’s new chief Wu Qing has sought to improve corporate governance and close deep valuation discounts in a bid to revive investors’ faith in China’s US$9 trillion stock market and these bold moves have met with some early success.

A document published by the nation’s cabinet on Friday promises to promote the ‘high-quality’ development of China’s capital market by strengthening supervision and guarding against risks.

Hong Kong stocks eased, pressured by the weak Chinese yuan currency and following trade data that showed a contraction in exports from the world’s second-largest economy.

Hong Kong stocks tumble after data suggested China’s consumption demand remains weak and as investors lowered their bets on the US Federal Reserve cutting rates in June.

Hong Kong stocks rose as a growing number of corporate buy-backs triggered bets that the market is nearing a bottom.

China’s stockbrokers took another pay cut in 2023 as the double whammy of a slumping equities market and a government crackdown on corporate extravagance eroded the incomes of financial workers. Things don’t look much better this year, one fund manager says.

Sentiment has been recovering after a visit to China by US Treasury Secretary Janet Yellen, as traders await March economic data due later this week.

Hong Kong stocks ended steady but the mood was cautious as ahead of economic data releases that will drive sentiment later in the week.

China’s state-directed buying binge has swollen the size of exchange-traded funds (ETFs) tracking the underlying benchmark CSI 300 Index, helping them outperform the market while boosting their asset-size ranking.

Global fund managers have become more positive about Chinese stocks after the securities regulator took a flurry of forceful measures to halt a three-year decline, according to a joint-venture brokerage of HSBC Holdings.

Bond funds, driven by rate cut hopes, outperformed their stock market peers, which helped them gain a dominant share of issuance in the first quarter

Investors should exercise more caution when it comes to the valuations of Chinese stocks, as corporate earnings growth is set to slow because of Beijing’s pursuit of high-quality economic growth, according to China’s biggest money manager.

Chinese state intervention has tentatively put a floor under stocks, but corporate earnings show little sign of providing upwards momentum as pressure is building for investors to pocket profits from the decent gains the market has made.

Global fund managers have increased their exposure to Chinese yuan-traded stocks for a second month in March, indicating that foreign appetite for these shares is recovering.

‘The slowdown in IPOs will carry on, and the listing process for mega IPOs is expected to be lengthened,’ an analyst says, as the market watchdog has pledged to improve listing quality.

Hong Kong outperforms the region as President Xi Jinping assures US business leaders about China’s commitment to a market-oriented business environment.

Hong Kong stocks underperformed the region as sentiment was dealt a blow by the cancellation of a Hong Kong IPO by Alibaba Group’s logistic unit and a cautious outlook from electric vehicle maker BYD, with the yuan’s slide adding to the gloom.

Hong Kong stocks closed higher as China Merchants Bank and China Resources Land posted better-than-estimated results and China’s central bank governor struck an upbeat tone about the property market.

The sell-off follows Shenzhen exchange’s statement that it would take action against Citic for failing to fully clarify issues regarding Liangang Optoelectronic’s IPO prospectus.

Hong Kong stocks retreated after a brief boost from a resurgent yuan currency, as investors are watchful awaiting earnings announcements this week from about a third of the companies that comprise the benchmark.

Hong Kong stocks retreated as the focus returned to corporate earnings and after the euphoria over the US Federal Reserve’s dovish comments evaporated. The yuan broke a key level for the first time since November, adding to the gloomy sentiment.

The CSRC under Wu Qing will aim to develop 10 first-class brokerages including two or three that can compete with top global names like Goldman Sachs and Morgan Stanley by 2035.

China is tightening the screws on new domestic stock offerings, issuing four documents at once laying out some of the harshest rules, checks and penalties yet to crack down on fake accounting and restore confidence.

Investors should seek refuge in Chinese domestic consumption stocks and avoid hardware and semiconductor makers to ride out the US-China geopolitical uncertainty, according to Goldman Sachs.

Stocks suffer from a twin blow on interest-rate front. China keeps its one-year loan facility unchanged, while stronger than expected US price reports this week undermine bets on a rate cut in the next two meetings.