Chinese investors monitor stock prices at a brokerage house in Beijing on October 16, 2019. Photo: Associated Press
China’s stocks climb as resilient earnings of Vanke and Hengrui Medicine boost risk appetite
- Earnings results from big Chinese companies are faring well so far, allaying jitters about slowing profit growth
- Budweiser Brewing retreats in Hong Kong as distiller posts lower third-quarter profit just a month after its big IPO
Topic |
China stock market
Chinese investors monitor stock prices at a brokerage house in Beijing on October 16, 2019. Photo: Associated Press
Portfolio beer brands of Budweiser Brewing Company APAC are displayed during a news conference on the company's IPO in Hong Kong in July 2019. Photo: Reuters
Budweiser, Hong Kong’s biggest IPO in 2019, reports lower profit on weaker `nightlife channel,’ price fight in South Korea
- Shares slide after regional arm of world’s biggest brewer says it faced ‘softness’ in nightlife channel in China
- Budweiser Brewing Company APAC raised US$5 billion last month in Hong Kong’s biggest IPO this year
Topic |
IPO
Portfolio beer brands of Budweiser Brewing Company APAC are displayed during a news conference on the company's IPO in Hong Kong in July 2019. Photo: Reuters