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

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Chinese investors monitor stock prices at a brokerage house in Beijing on October 16, 2019. Photo: Associated Press
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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

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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
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