Hong Kong stocks extended gains amid expectations the latest measures announced by Chinese authorities will broaden the investor base
Monetary authority announces a nine-point plan that offers reassurance about access to credit relief amid market rumours of loans being called early.
Bocom paints resilient picture for year ahead despite posting slower profit growth and warning about challenges from property sector.
AIA Group’s new sales in Hong Kong and mainland China continued to grow in the first two months of the year, indicating strong momentum from last year is carrying over in its two major markets, according to its top boss.
Hong Kong-listed firms have been involved in US$4 billion worth of take-private deals already in 2024, compared with US$1.2 billion for the whole of last year, with investors often dismayed by poor valuations.
Blockchain is shaking up the financial sector and, given the popularity of bitcoin exchange-traded funds, regulators will need to step up their game when it comes to consumer protection and oversight, says the president and chief executive of fund manager Franklin Templeton.
The country’s second-largest developer has assured investors it has the funds in place to repay its outstanding offshore debts coming due soon, as its shares and bonds tumbled amid rumours about liquidity distress.
Hong Kong-listed firms have seen a notable rise of female representation on boards driven by regulation, but they still lag regional peers when it comes to women in key executive roles, according to MSCI.
A consortium led by state-owned Sinopharm has revived a take-private bid for China-TCM, the Hong-Kong-listed drug maker said on Wednesday, valuing it at US$2.96 billion.
A three-day winning run in the Year of the Dragon has come to an end as tech stocks paced losses. China’s central bank maintained its policy rate, while the Hang Seng Index membership stayed at 82 in the latest review.
The SFC warned it may delist two companies formerly headed by Alvin Chau because of concerns about a US$116 million sale of assets in Russia.
‘Hong Kong stocks posted positive returns in the past four Years of the Dragon,’ finance chief Paul Chan said on the first trading day of Lunar New Year, citing China’s improving economy and potential rate cuts as possible catalysts.
The Shenzhen-based developer slumped 37 per cent to close at the lowest level since its 2009 listing as the market resumed trading after the Lunar New Year break, extending a slump in the past year to 76 per cent.
The Japanese tycoon is currently worth US$15.1 billion, compared with US$11.3 billion at the end of last year. Son is benefiting from Arm’s rally because he owns roughly a third of SoftBank, which holds 90 per cent of the UK chip designer.
Private markets firm HarbourVest sees investment opportunities in Asia driven by demand generated by China’s declining demographics and uptick in retail spending, as well as trends like the reshuffling of global supply chains.
The family of Henry Cheng, Hong Kong’s third-richest person, wants to replace CEO Peter Lau with Colin Currie and also appoint two of Henry’s children, Sonia and Christopher, as non-executive directors.
The change will put the city’s protection level in line with the UK and Germany and higher than mainland China and Singapore, but still lower than the United States.
Mainland Chinese EV builders’ 2024 has got off to a bumpy start, after car deliveries dropped sharply amid mounting concerns about a slowing economy and job losses.
The government is actively engaging with mainland Chinese regulators to speed up the approval process for companies listing in the city. Measures will also be rolled out to attract family offices and wealthy individuals.
Burned by years of underperformance in Chinese domestic stocks, local investor appetite for overseas equities is running so high that it’s fuelling huge price distortions in funds tracking these assets.
State-owned companies will dominate as the age of ‘fast leverage and fast growth’ is over, and developers face brutal years ahead, analysts said.
