https://www.scmp.com/rss/25578/feed en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Themis Qi Themis Qi Global funds came back to emerging markets in April with an inflow of US$58.3 billion, which is expected to continue in coming months amid the recovery from the previous geopolitical panic. It comes as renewed enthusiasm in artificial intelligence has started drawing some global funds back to US stocks, but analysts said mainland and Hong Kong markets may benefit from this week’s meeting between President Xi Jinping and US President Donald Trump. According to a report by the Institute of... https://www.scmp.com/business/money/money-news/article/3353232/us583-billion-flows-back-emerging-markets-geopolitical-panic-blows-over?utm_source=rss_feed https://www.scmp.com/business/money/money-news/article/3353232/us583-billion-flows-back-emerging-markets-geopolitical-panic-blows-over?utm_source=rss_feed Tue, 12 May 2026 06:11:00 +0000 Julie Zhang Julie Zhang MiniMax, the artificial intelligence (AI) start-up backed by two of China’s largest technology conglomerates, has confidentially applied for a Hong Kong initial public offering (IPO), according to people familiar with the matter. China International Capital Corporation and UBS are the sponsors for the listing, according to the sources, who declined to be identified for discussing a confidential matter. MiniMax aimed to raise between HK$4 billion and HK$5 billion (US$510 million to US$637... https://www.scmp.com/business/banking-finance/article/3318485/minimax-world-class-ai-start-lauded-jensen-huang-applies-hong-kong-ipo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3318485/minimax-world-class-ai-start-lauded-jensen-huang-applies-hong-kong-ipo?utm_source=rss_feed Wed, 16 Jul 2025 13:02:22 +0000 Temasek Holdings’ stock bets shrank by the most in more than 17 years after taking some cash off the table and incurring steep paper losses on BlackRock, Amazon, PayPal and Airbnb. It retained most of its stakes in Alibaba Group Holding and other Chinese stocks. The Singapore state investment firm held 97 stocks valued at US$18.33 billion on June 30, according to its 13F regulatory filing with the Securities and Exchange Commission late on Monday. It listed 96 stocks worth US$23.97 billion on... https://www.scmp.com/business/markets/article/3189058/singapores-temasek-stock-bets-shrink-us56-billion-sales-price?utm_source=rss_feed https://www.scmp.com/business/markets/article/3189058/singapores-temasek-stock-bets-shrink-us56-billion-sales-price?utm_source=rss_feed Tue, 16 Aug 2022 06:48:42 +0000 Chinese equities could still deliver as much as 20 per cent upside by year end as policymakers in Beijing step up stimulus spending to revive growth momentum after the economy stumbled last quarter, according to Citigroup. Infrastructure investments rose by 7.1 per cent in the first six months this year, according to government data, against the US bank’s forecast for a 7.7 per cent annual gain. That will augment measures by the central bank and other authorities to inject more liquidity, lower... https://www.scmp.com/business/markets/article/3185658/citigroup-sees-another-20-cent-upside-chinese-stocks-year-spending?utm_source=rss_feed https://www.scmp.com/business/markets/article/3185658/citigroup-sees-another-20-cent-upside-chinese-stocks-year-spending?utm_source=rss_feed Mon, 18 Jul 2022 08:14:14 +0000 Temasek Holdings said the risk-reward profile in Chinese assets remains more balanced as valuations have cheapened and policymakers in Beijing have greater monetary tools to support the economy. China has attracted fund inflows over the past two months, as it becomes the only major economy on a policy-easing bias. The Federal Reserve and other major Western economies in Europe and Australia started raising interest rates to overcome inflation at multi-decade highs, stoking recession... https://www.scmp.com/business/markets/article/3184999/temasek-sees-more-balanced-risk-reward-china-markets-after-recent?utm_source=rss_feed https://www.scmp.com/business/markets/article/3184999/temasek-sees-more-balanced-risk-reward-china-markets-after-recent?utm_source=rss_feed Tue, 12 Jul 2022 09:01:15 +0000 Amundi, Europe’s biggest money manager, is looking past China’s zero-Covid policy to see the brighter side of the stock market, saying concerns about economic growth and earnings are already baked into beaten-down stock prices. “Valuations are extremely attractive and have already priced in all the bad news on the fundamentals side,” said Alessia Berardi, head of emerging macro and strategy research at Amundi Institute, part of the Paris-based fund manager with US$2.17 trillion of assets. A... https://www.scmp.com/business/markets/article/3180362/europes-top-money-manager-amundi-lends-weight-chinese-stocks?utm_source=rss_feed https://www.scmp.com/business/markets/article/3180362/europes-top-money-manager-amundi-lends-weight-chinese-stocks?utm_source=rss_feed Sun, 05 Jun 2022 23:00:34 +0000 It may be all doom and gloom for Chinese tech stocks for much of the past year, with Alibaba Group Holding at the forefront of a US$2 trillion sell-off. One US money manager, however, is making a big bet on a rebound. San Francisco-based Dodge & Cox spent US$716 million loading up on the American depositary shares of Alibaba, NetEase, JD.com and Baidu and other Chinese peers in the first three months this year, according to its US regulatory filings. That raised its total net purchases to more... https://www.scmp.com/business/money/article/3179592/us-fund-manager-piles-us12-billion-chinese-tech-stocks-12-months?utm_source=rss_feed https://www.scmp.com/business/money/article/3179592/us-fund-manager-piles-us12-billion-chinese-tech-stocks-12-months?utm_source=rss_feed Sun, 29 May 2022 23:30:33 +0000 China’s economy is shrinking fast, according to the latest manufacturing and consumption indicators. With Beijing dallying on more powerful stimulus, some global funds have turned their back on local stocks after a US$2.2 trillion rout in the mainland and Hong Kong bourses last quarter. Is it time for China to unleash its policy-easing bazooka to rescue long-suffering investors at home and abroad? Not this time, according to Norman Villamin, who oversees US$131 billion of client assets as chief... https://www.scmp.com/business/markets/article/3176262/china-readying-policy-bazooka-rescue-stock-investors-not-time?utm_source=rss_feed https://www.scmp.com/business/markets/article/3176262/china-readying-policy-bazooka-rescue-stock-investors-not-time?utm_source=rss_feed Mon, 02 May 2022 23:30:22 +0000 Money managers are turning more bullish on Chinese technology stocks just when analysts are slashing their price targets even deeper, showing how the market is struggling to find a floor after a year of regulatory crackdowns and new Covid-19 flare-ups. Top stocks with the heaviest weightings in the Hang Seng Tech Index saw an average 15 per cent derating in the consensus 12-month price targets last quarter, according to Bloomberg data. That is a major cutback compared with an average 2 per cent... https://www.scmp.com/business/markets/article/3173873/there-floor-chinese-tech-stocks-covid-lockdowns-trap-bulls-price?utm_source=rss_feed https://www.scmp.com/business/markets/article/3173873/there-floor-chinese-tech-stocks-covid-lockdowns-trap-bulls-price?utm_source=rss_feed Mon, 11 Apr 2022 23:30:17 +0000 Temasek Holdings trimmed its stake in Alibaba Group Holding last quarter while the stock slumped to new lows, and added Chinese e-c0mmerce rivals Pinduoduo and JD.com to its portfolio, according to its latest 13F filing. The Singapore state investment firm cut its holding in Alibaba’s American depositary shares (ADS) by US$361.6 million to US$1.08 billion as the Hangzhou-based company’s value shrank by US$114 billion that quarter over concerns about regulatory crackdown in mainland... https://www.scmp.com/business/markets/article/3167052/alibabas-key-backer-temasek-trims-stake-adds-rivals-jdcom-and?utm_source=rss_feed https://www.scmp.com/business/markets/article/3167052/alibabas-key-backer-temasek-trims-stake-adds-rivals-jdcom-and?utm_source=rss_feed Tue, 15 Feb 2022 01:27:03 +0000 China’s policy-easing measures will need to go the distance to revive credit for businesses, before investors commit more money to the local stock market, according to US-based money manager Wang Lei. While two key rounds of liquidity injection and lower borrowing costs since December have reinforced expectations for more, the market remains tentative. The CSI 300 Index has lost 7.6 per cent so far this year as it slipped into bear territory for the first time since the US-China trade war broke... https://www.scmp.com/business/markets/article/3165985/chinas-stock-market-lacking-one-major-ingredient-rebound-bear?utm_source=rss_feed https://www.scmp.com/business/markets/article/3165985/chinas-stock-market-lacking-one-major-ingredient-rebound-bear?utm_source=rss_feed Sun, 06 Feb 2022 23:30:16 +0000 Chinese stocks, which slumped into bear territory this week, have been upgraded by strategists at Credit Suisse who cited policy loosening, cheap valuations and stronger economic recovery momentum as their reasons. The Swiss investment bank raised its recommendation to overweight from market weight relative to global benchmarks, and to market weight from underweight in its Asia-Pacific strategy, according to reports published this week. The decision reversed its downgrade calls in November 2020... https://www.scmp.com/business/markets/article/3165145/chinese-stocks-bear-market-upgraded-credit-suisse-strategists?utm_source=rss_feed https://www.scmp.com/business/markets/article/3165145/chinese-stocks-bear-market-upgraded-credit-suisse-strategists?utm_source=rss_feed Fri, 28 Jan 2022 09:46:48 +0000 China’s policy twists have proven to be one of the biggest obstacles to money managers seeking to overcome a tempestuous year of investing in mainland stocks, even for a top performer like Raymond Jing at China Asset Management (HK). His US$13 million New Horizon China A-share Fund gained 35 per cent last year, according to Bloomberg data, topping 98 per cent of his peers by timing the market for key sector bets. It has suffered an 11 per cent decline in the new year, even after recent... https://www.scmp.com/business/markets/article/3164953/chinaams-peer-beating-equity-fund-shows-market-struggles-three?utm_source=rss_feed https://www.scmp.com/business/markets/article/3164953/chinaams-peer-beating-equity-fund-shows-market-struggles-three?utm_source=rss_feed Fri, 28 Jan 2022 00:30:21 +0000 Chinese stocks, among the worst performers in 2021, are likely to outperform global peers within the next six months, offering protection from a sell-off stoked by higher US Treasury yields, according to BCA Research. Investors should favour stocks in the MSCI China and MSCI Hong Kong indices over global benchmarks, as a divergence in monetary policies in China and the rest of the world creates room for outperformance, the Montreal-based company said in two new tactical trades on January... https://www.scmp.com/business/markets/article/3164028/place-your-bets-chinese-stocks-beat-global-peers-next-six-months?utm_source=rss_feed https://www.scmp.com/business/markets/article/3164028/place-your-bets-chinese-stocks-beat-global-peers-next-six-months?utm_source=rss_feed Thu, 20 Jan 2022 03:11:12 +0000 Hong Kong-listed stocks are likely to scale the charts in the Year of the Tiger, making amends for a dodgy past 12 months. Luck will smile on investors born in the years of the horse, rabbit, goat and pig, according to the annual Feng Shui Index compiled by CLSA. The Hang Seng Index will get off to a roaring start when the new year based on the Chinese calendar kicks in from February 1, analysts Justin Chan and Stella Liu said at a briefing on Tuesday. March and September are potential pitfalls,... https://www.scmp.com/business/markets/article/3163830/year-tiger-avoid-march-september-pitfalls-hang-seng-makes-amends?utm_source=rss_feed https://www.scmp.com/business/markets/article/3163830/year-tiger-avoid-march-september-pitfalls-hang-seng-makes-amends?utm_source=rss_feed Tue, 18 Jan 2022 22:30:13 +0000 Hong Kong stocks gained as traders looked to overnight gains in US equities for inspiration and arrest a seven-day slump. Meituan and oil explorers advanced, helping the market to trim losses during the week. The Hang Seng Index rose 0.4 per cent to 28,842.13 to end the week on a 0.3 per cent setback. The gauge has lost about 2.5 per cent in its longest losing streak since late 2015. The Shanghai Composite fell 0.6 per cent, and the CSI 300 dropped 0.9 per cent, both recording their second week... https://www.scmp.com/business/markets/article/3136872/hong-kong-stocks-halt-seven-day-rot-meituan-tencent-rebound?utm_source=rss_feed https://www.scmp.com/business/markets/article/3136872/hong-kong-stocks-halt-seven-day-rot-meituan-tencent-rebound?utm_source=rss_feed Fri, 11 Jun 2021 03:04:06 +0000 Financial controllers at companies operating in China are expecting their businesses to perform better in 2021, bolstered by the global roll-out of vaccinations and rising consumer demand in Western economies, a Deloitte survey has found. Some 89 per cent of respondents said earnings would improve this year amid a brighter economic outlook, the survey of chief financial officers (CFOs) in China showed. Half of the CFOs are more upbeat about the Chinese economy than they were six months ago, the... https://www.scmp.com/business/companies/article/3129557/chinas-company-finance-chiefs-see-business-improving-2021-world?utm_source=rss_feed https://www.scmp.com/business/companies/article/3129557/chinas-company-finance-chiefs-see-business-improving-2021-world?utm_source=rss_feed Thu, 15 Apr 2021 02:00:23 +0000 China stocks, a core holding for the world’s biggest money managers, are suddenly unloved after a five-week slump. The US$10.8 trillion market is edging closer to a bear-market tipping point amid bubble and Fed policy risks while trading has cooled, and the safest old-economy stalwarts are the only game in town. The Shanghai and Shenzhen bourses have lost the equivalent of US$140 billion in market value since the CSI 300 Index peaked on February 10, lately hurt by gyrations in the US bond... https://www.scmp.com/business/china-business/article/3126306/chinas-unloved-stocks-2-cent-away-bearish-trap-fed-policy?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3126306/chinas-unloved-stocks-2-cent-away-bearish-trap-fed-policy?utm_source=rss_feed Sun, 21 Mar 2021 23:30:08 +0000 Hong Kong and mainland China stocks tumbled with equities in the Asia-Pacific region as taper risks dominated trading sentiment and uncertainty about the inflation outlook triggered another bout of bond market sell-off. The Hang Seng Index sank 1.4 per cent to 28,990.94 at the close, snapping a four-day winning streak and trimming this week’s advance to 0.9 per cent. The Shanghai Composite Index retreated 1.7 per cent from a two-week high and capped a fourth straight weekly slide. Senior... https://www.scmp.com/business/china-business/article/3126073/hong-kong-stocks-sink-asian-markets-taper-risks-reignite?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3126073/hong-kong-stocks-sink-asian-markets-taper-risks-reignite?utm_source=rss_feed Fri, 19 Mar 2021 02:06:11 +0000 Hong Kong stocks gained as smartphone maker Xiaomi soared after a US court suspended a ban on Americans investing in the company. The rally overshadowed losses in technology giants and mainland bourses after China signaled tighter scrutiny of internet monopolies. The Hang Seng Index rose 0.3 per cent to 28,883.76 at the close, after tumbling 2.2 per cent on Friday for its biggest fall in two weeks, courtesy of a surge in smartphone maker Xiaomi Corp. The Hang Seng Tech Index fell 2.3 per cent. ... https://www.scmp.com/business/markets/article/3125429/hong-kong-stocks-rise-xiaomi-wins-move-halt-us-ban-new-hang-seng?utm_source=rss_feed https://www.scmp.com/business/markets/article/3125429/hong-kong-stocks-rise-xiaomi-wins-move-halt-us-ban-new-hang-seng?utm_source=rss_feed Mon, 15 Mar 2021 02:40:54 +0000 Foreign investors accelerated their exit from mainland equities during May, reflecting the largest single month of selling through exchange links since December 2016, amid growing pessimism towards equities as trade tensions between China and the US continue to escalate. A total of 53.7 billion yuan (US$7.78 billion) worth of Chinese equities were sold in May, almost three times the outflow in April, according to Bloomberg data. This marks the greatest monthly outflow by overseas investors since... https://www.scmp.com/business/markets/article/3012649/foreign-investors-accelerate-selling-china-equities-may-net-us78?utm_source=rss_feed https://www.scmp.com/business/markets/article/3012649/foreign-investors-accelerate-selling-china-equities-may-net-us78?utm_source=rss_feed Fri, 31 May 2019 12:00:20 +0000 China’s WH Group, the world’s largest pork producer, called for an end to the US-China trade war on Friday, citing higher tariffs on US exports to China as one factor weighing negatively on its underlying business. The outbreak of the African swine fever and rising meat production in the US were also negative headwinds, the company said. Net profit for 2018 fell 4 per cent to US$1.05 billion, WH Group said in filing on Friday. Revenue was up 1 per cent to US$22.61 billion, slightly beating... https://www.scmp.com/business/companies/article/3001946/pork-producer-wh-group-calls-end-trade-war-2018-profit-drops-4?utm_source=rss_feed https://www.scmp.com/business/companies/article/3001946/pork-producer-wh-group-calls-end-trade-war-2018-profit-drops-4?utm_source=rss_feed Fri, 15 Mar 2019 14:42:50 +0000 CNOOC, China’s dominant offshore oil and gas producer, has made a major natural gas discovery off the northeast Bohai Bay but investors were not moved as it will take years to be brought to market and the reserve is not big enough to move the needle on China’s rising reliance on foreign gas. A “high-quality and high-yield” hydrocarbon flow has been found at the Bozhong 19-6 exploration area by CNOOC, China Central Television reported on Monday, reflecting the first public announcement of the... https://www.scmp.com/business/companies/article/2187753/why-investors-are-shrugging-cnoocs-massive-offshore-gas-find?utm_source=rss_feed https://www.scmp.com/business/companies/article/2187753/why-investors-are-shrugging-cnoocs-massive-offshore-gas-find?utm_source=rss_feed Tue, 26 Feb 2019 09:30:59 +0000 Chinese and Hong Kong stocks rose on Friday, with both benchmarks capping weekly gains, as investors keep an eye out on preliminary January economic data and high-stakes US-China trade talks due next week. The Shanghai Composite Index added 0.4 per cent to 2,601.72 at the close, and the Hang Seng Index climbed 1.7 per cent to 27,569.19. Both indices completed their fourth straight weekly gains of at least 0.2 per cent this week. While stocks in the mainland and the former British colony endured... https://www.scmp.com/business/money/battling-portfolios/article/2183583/china-and-hong-kong-stocks-rise-ahead-economic?utm_source=rss_feed https://www.scmp.com/business/money/battling-portfolios/article/2183583/china-and-hong-kong-stocks-rise-ahead-economic?utm_source=rss_feed Fri, 25 Jan 2019 03:02:53 +0000 Chinese stocks rose for the first time in three days on Friday, with reassurances by China’s State Council that the collection of social security taxes would remain unchanged countering the prospect of new US tariffs on exports from the world’s second-largest economy. The benchmark Shanghai Composite Index gained 0.4 per cent at the close, trimming the week’s losses to 0.8 per cent. In Hong Kong, the Hang Seng Index finished almost unchanged, but a further 1.7 per cent decline will drag the... https://www.scmp.com/business/money/battling-portfolios/article/2163279/china-stocks-rise-first-time-three-days-after?utm_source=rss_feed https://www.scmp.com/business/money/battling-portfolios/article/2163279/china-stocks-rise-first-time-three-days-after?utm_source=rss_feed Fri, 07 Sep 2018 09:41:44 +0000 Heavy acquisitions were seen in the energy and textile sectors in a sluggish week for director purchases and buy-backs due to the onset of the reporting season, according to filings with the Hong Kong stock exchange last week. Directors of energy stocks have good reason to be bullish as the crude oil price has gained nearly 50 per cent from a year earlier. Crude oil explorer and producer IDG Energy Investment Group acquired 43.5 million shares from July 10 to August 2 at an average of HK$1.18... https://www.scmp.com/business/companies/article/2158359/directors-snap-shares-energy-and-textile-companies-link-reit?utm_source=rss_feed https://www.scmp.com/business/companies/article/2158359/directors-snap-shares-energy-and-textile-companies-link-reit?utm_source=rss_feed Sun, 05 Aug 2018 23:15:52 +0000 Hong Kong stocks ended lower on Monday, dragged by a sell-off of internet giant Tencent as well as mainland property and carmaker shares, while expectations of infrastructure investment provided some support. The Hang Seng Index edged down 0.3 per cent, or 71.15 points, to 28,733.13. The Hang Seng China Enterprises Index was little changed at 11,046.32. In mainland China, the Shanghai Composite Index ended down 0.2 per cent at 2,869.05. “The tumble in US stocks had a negative impact on Hong Kong... https://www.scmp.com/business/markets/article/2157506/hong-kong-stocks-end-slightly-lower-dragged-tencent-and-mainland?utm_source=rss_feed https://www.scmp.com/business/markets/article/2157506/hong-kong-stocks-end-slightly-lower-dragged-tencent-and-mainland?utm_source=rss_feed Mon, 30 Jul 2018 10:12:30 +0000 Shares of ZTE tumbled in Hong Kong and Shenzhen trading on Wednesday after the Chinese telecom equipment maker agreed to pay a combined US$1.4 billion in fines, as well as make changes in senior leadership and replace its board of directors, as part of a deal to lift US sanctions. The stock plunged 42 per cent to HK$14.96 in Hong Kong at the close, after being suspended for nearly two months. Trading volumes also surged, with the number of shares that changed hands jumping to about 15 times its... https://www.scmp.com/business/companies/article/2150503/zte-shares-plunge-38pc-hong-kong-trade?utm_source=rss_feed https://www.scmp.com/business/companies/article/2150503/zte-shares-plunge-38pc-hong-kong-trade?utm_source=rss_feed Wed, 13 Jun 2018 02:00:00 +0000 IRC, a China-backed East Siberia iron ore miner selling mostly to northeast China, will benefit from the weaker rouble in the wake of toughened sanctions by the Trump administration against Russia and its oligarchs, according to the company’s senior management.  “As our operating costs are mostly denominated in Russian roubles, the recent deprecation in the currency helps lower our operating costs,” IRC’s chairman Jay Hambro said on Wednesday. “More unit cost reduction would come from the ramp... https://www.scmp.com/business/companies/article/2142326/hong-kong-listed-iron-ore-miner-should-benefit-weaker-rouble-its?utm_source=rss_feed https://www.scmp.com/business/companies/article/2142326/hong-kong-listed-iron-ore-miner-should-benefit-weaker-rouble-its?utm_source=rss_feed Wed, 18 Apr 2018 13:05:19 +0000 A nine-year bull market in equities is facing one of its sternest tests as the surge in volatility which began at the end of January intensifies. In the first two months of this year, the benchmark S&P 500 index notched up 15 days in which it moved 1 per cent or more in either direction, nearly twice as many as in the whole of 2017, according to data from Bloomberg. The bout of turbulence has become even fiercer over the last few weeks. Since March 9, the S&P 500 has dropped 6 per cent. On... https://www.scmp.com/business/companies/article/2139387/behold-we-have-market-dip-so-what-should-you-do-hint-try-sticking?utm_source=rss_feed https://www.scmp.com/business/companies/article/2139387/behold-we-have-market-dip-so-what-should-you-do-hint-try-sticking?utm_source=rss_feed Thu, 29 Mar 2018 02:15:00 +0000 There were several significant director trades on the Hong Kong stock exchange last week following the rise in share prices with insider buys in Dah Chong Hong Holdings and Road King Infrastructure and sales in Great Harvest Maeta Group and China Gas Holdings. Although the buying fell, selling among directors rose for the second straight week based on exchange filings from March 12 to 16. A total of 13 companies recorded 56 purchases worth HK$39 million versus nine firms with 34 disposals worth... https://www.scmp.com/business/companies/article/2137699/directors-take-advantage-share-price-increases-hong-kong-stock?utm_source=rss_feed https://www.scmp.com/business/companies/article/2137699/directors-take-advantage-share-price-increases-hong-kong-stock?utm_source=rss_feed Sun, 18 Mar 2018 06:33:13 +0000 Peter Guy Peter Guy We live in troubled times. A sense of crippling anger and abandonment grows. People feel powerless to shape the forces that command their lives. In this setting, young people- the generation of millennials – are reshaping the financial world through technology and especially cryptocurrencies. In a recent Reuters interview, Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS) urged “extreme caution” about buying cryptocurrencies. “I do hope when the fever has gone away,... https://www.scmp.com/business/companies/article/2131560/how-cryptocurrency-uprising-against-todays-flawed-financial?utm_source=rss_feed https://www.scmp.com/business/companies/article/2131560/how-cryptocurrency-uprising-against-todays-flawed-financial?utm_source=rss_feed Thu, 01 Feb 2018 07:08:36 +0000 The director activity fell based on filings on the Hong Kong exchange from January 22 to 26 with 39 companies that recorded 233 purchases worth HK$742 million (US$60.3 million) versus 21 firms with 92 disposals worth HK$854 million. The number of companies and trades were down from the previous week’s 52 firms and 245 purchases on the buying side and 27 companies and 111 disposals on the selling side. The values, however, were up from the previous week’s purchases worth HK$266 million and sales... https://www.scmp.com/business/investor-relations/stock-quote-profile/article/2130888/geely-automobile-chairman-li-shufu?utm_source=rss_feed https://www.scmp.com/business/investor-relations/stock-quote-profile/article/2130888/geely-automobile-chairman-li-shufu?utm_source=rss_feed Sun, 28 Jan 2018 04:36:42 +0000 Bitcoin shows there is so much more to seduction than just showing up hungry. Over the Christmas holidays bitcoin (or cryptocurrencies) will shove aside family dinner topics as you or your relatives regale each other with real and virtual profits. Bitcoin continues to trend upward. Retail and institutional investors’ unrealised gains are also swelling. Fewer investors are exiting their investments. Mainstream media attention and word of mouth assure that the investor universe is expanding. The... https://www.scmp.com/business/companies/article/2125185/bankers-dont-care-if-bitcoin-bubble-longer-theres-money-be-made?utm_source=rss_feed https://www.scmp.com/business/companies/article/2125185/bankers-dont-care-if-bitcoin-bubble-longer-theres-money-be-made?utm_source=rss_feed Thu, 21 Dec 2017 03:45:15 +0000 Hong Kong stocks rose to a three-week high on Thursday, as Ping An Insurance Group and consumer companies advanced after Goldman Sachs raised its share-price estimate for a raft of firms in the industry. The Hang Seng Index gained 0.5 per cent, or 132.97 points, to 29,367.06, the highest close since November 29. The Hang Seng China Enterprises Index, known as the H-shares gauge, added 0.8 per cent. The mainland’s benchmark reclaimed the 3,300-point level, bolstered by property developers. Hong... https://www.scmp.com/business/companies/article/2125161/hong-kong-stocks-three-week-high-ping-consumer-companies-advance?utm_source=rss_feed https://www.scmp.com/business/companies/article/2125161/hong-kong-stocks-three-week-high-ping-consumer-companies-advance?utm_source=rss_feed Thu, 21 Dec 2017 01:23:43 +0000 Shanghai International Port Group (SIPG), the dominant public terminal operator in the city, plans to make better use of internet and automation technologies to consolidate its leading position in the shipping industry worldwide. SIPG said it aimed to create “smart, green, hi-tech and efficient terminals” to bolster Shanghai’s efforts to become an international shipping centre by 2020. “Our three years of effort [to build new berths] have been worth it,” said Chen Xuyuan, the chairman of SIPG.... https://www.scmp.com/business/china-business/article/2123862/shanghai-port-embraces-new-technology-arms-race-defend?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2123862/shanghai-port-embraces-new-technology-arms-race-defend?utm_source=rss_feed Mon, 11 Dec 2017 11:33:02 +0000 Hong Kong’s markets rose for a second day on Friday as investors continued to seek bargains in tech and insurance stocks. Mainland markets also ended higher following better-than-expected China trade data, which eased fears over a slowing economy because of the crackdown on financial risks and factory pollution. The Hang Seng Index rose 1.2 per cent, or 336.66 points, to 28,639.85 although it still posted its biggest weekly loss in four months. The Hang Seng China Enterprises Index gained 1.3... https://www.scmp.com/business/companies/article/2123409/hong-kong-stocks-headed-bullish-start-after-us-stocks-set-upbeat?utm_source=rss_feed https://www.scmp.com/business/companies/article/2123409/hong-kong-stocks-headed-bullish-start-after-us-stocks-set-upbeat?utm_source=rss_feed Fri, 08 Dec 2017 01:15:00 +0000 For Hong Kong stocks, what a difference a fortnight makes. That is how long it has taken for the city’s main stock market index to shift status from the world’s best performing major market to the worst, among measures of performance for the 10 trading days. Since touching a decade high on November 22, the Hang Seng Index declined 5.9 per cent as of Wednesday‘s close. That makes the gauge the biggest decliner among the major equity benchmarks globally in the period. The measure of the city’s 51... https://www.scmp.com/business/china-business/article/2123301/hong-kong-stocks-lose-hero-status-slump-worst-global?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2123301/hong-kong-stocks-lose-hero-status-slump-worst-global?utm_source=rss_feed Thu, 07 Dec 2017 06:53:56 +0000 Losses in Hong Kong stocks accelerated in Wednesday’s afternoon trading session with a sell-off in this year’s best-performers including Geely Automobile Holdings, Ping An Insurance and AAC Technologies, forcing the benchmark index to post its biggest daily decline in a year. Mainland China stocks dropped amid worries the regulators are escalating their crackdown on securities manipulation. The Hang Seng Index tumbled 2.14 per cent, or 618 points, to 28,224.80, its worst daily drop since... https://www.scmp.com/business/money/stock-talk/article/2123054/hong-kong-stocks-tumble-sell-years-best-performers?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/2123054/hong-kong-stocks-tumble-sell-years-best-performers?utm_source=rss_feed Wed, 06 Dec 2017 01:15:45 +0000 New York luxury brand Coach has applied to delist from Hong Kong, reflecting the second international company this week to announce plans to exit from the local market owing to thin trading. Swiss commodity trading and mining company Glencore on Tuesday said it will delist from the local stock exchange from January 31. Both Coach and Glencore launched a secondary listing in Hong Kong in 2011, after the Hong Kong stock exchange ramped up its marketing campaign to promote the value of an expanded... https://www.scmp.com/business/investor-relations/article/2117913/coach-delist-hong-kong-stock-market-amid-thin-trading?utm_source=rss_feed https://www.scmp.com/business/investor-relations/article/2117913/coach-delist-hong-kong-stock-market-amid-thin-trading?utm_source=rss_feed Wed, 01 Nov 2017 05:15:15 +0000 Hong Kong Exchanges and Clearing has commenced proceedings to delist troubled paper maker Qunxing Paper Holdings Company, the bourse announced on Friday. “The exchange has decided to commence procedures to cancel the company’s listing under Rule 6.01(4) on the ground it is no longer suitable for listing,” the HKEX said in a statement. “The Company has ceased to have sufficient operations or assets as required under Rule 13.24 to warrant its continued listing.” The exchange said the company will... https://www.scmp.com/business/companies/article/2114312/hkex-commences-proceedings-delist-qunxing-paper-holdings?utm_source=rss_feed https://www.scmp.com/business/companies/article/2114312/hkex-commences-proceedings-delist-qunxing-paper-holdings?utm_source=rss_feed Fri, 06 Oct 2017 13:18:41 +0000 Hong Kong Exchanges and Clearing on Friday released two separate consultation papers on proposed rules changes involving capital raisings, delisting and other issues in an effort to improve market quality. The consultation papers have invited the public to respond by November 24. The Shenzhen Stock Exchange had warned mainland investors about “scam shares” or “con shares” listed in Hong Kong where the local market does not have an effective delisting mechanism to remove poor quality... https://www.scmp.com/business/companies/article/2112488/hkex-lays-out-proposals-accelerate-delistings-curb-share-issuance?utm_source=rss_feed https://www.scmp.com/business/companies/article/2112488/hkex-lays-out-proposals-accelerate-delistings-curb-share-issuance?utm_source=rss_feed Fri, 22 Sep 2017 15:45:03 +0000 China’s bigger companies, the darling stocks for traders this year, are making a shaky start into September. A measure of the 50 biggest companies on the Shanghai Stock Exchange has dropped 0.8 per cent so far in September, while the benchmark Shanghai Composite Index and the ChiNext gauge of smaller firms have both notched up gains in the period. An 18 per cent advance on the SSE 50 Index this year has made valuations less attractive. Another risk is the corporate earnings outlook may turn... https://www.scmp.com/business/china-business/article/2110974/chinas-large-cap-share-rally-shows-signs-faltering?utm_source=rss_feed https://www.scmp.com/business/china-business/article/2110974/chinas-large-cap-share-rally-shows-signs-faltering?utm_source=rss_feed Wed, 13 Sep 2017 05:42:13 +0000 Hong Kong is garnering support towards creating a third board to attract technology start-ups and new economy firms. But safeguards on corporate governance, investor education and transparency in the downside risks are needed to ensure the success of the market. Hong Kong Exchanges and Clearing (HKEX) has just completed a consultation over the proposed third board, but a second round of consultation on the detailed rules is still needed. The new third board will offer two markets, one for... https://www.scmp.com/business/companies/article/2108331/transparency-safeguards-risks-needed-proposed-dual-class-shares?utm_source=rss_feed https://www.scmp.com/business/companies/article/2108331/transparency-safeguards-risks-needed-proposed-dual-class-shares?utm_source=rss_feed Sat, 26 Aug 2017 01:30:36 +0000 Hong Kong stocks advanced on Thursday, in a day of catch up following Wednesday’s closure as Typhoon Hato brought heavy rains and gale-force winds to the city. The Hang Seng Index rose 0.4 per cent, or 116.93 points, to 27,518.6 as the MSCI Asia Pacific Index rose for a third day, as most markets across Asia advanced. The Hang Seng China Enterprises Index, or the H-share gauge, added 0.9 per cent to 11,051 while mainland equities swung between gains and losses. China Life Insurance and... https://www.scmp.com/business/companies/article/2108037/hong-kong-stocks-indicated-higher-post-typhoon-trade-resumption?utm_source=rss_feed https://www.scmp.com/business/companies/article/2108037/hong-kong-stocks-indicated-higher-post-typhoon-trade-resumption?utm_source=rss_feed Thu, 24 Aug 2017 01:15:38 +0000 When it comes to property investing, the most important variable to keep in mind is timing, even as intangibles such as the government’s ability to apply cooling measures have complicated the task, according to Vivien Chan, founder and chairman of V Group. Chan, who is also the former chairman of Estate Agents Authority, said investors can benefit from sensing when the government will lean against what they perceive as an overheated property market by applying cooling measures such as a special... https://www.scmp.com/property/hong-kong-china/article/2103977/vivien-chan-queen-service-apartments-says-timing-key?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2103977/vivien-chan-queen-service-apartments-says-timing-key?utm_source=rss_feed Tue, 25 Jul 2017 03:55:13 +0000 Li Ka-shing’s multinational Power Assets Group surged 10.6 per cent to HK$75.40 on Friday, in its biggest gain since at least July 1997, after reporting a share dividend payment of HK$8.27. That payment comprises a HK$0.77 per interim dividend and a HK$7.50 per share one-off special interim dividend to address shareholder expectations while keeping in view it’s financial capacity for future acquisitions, chairman Canning Fok Kin-ning said in a stock exchange filing after the market close on... https://www.scmp.com/business/money/stock-talk/article/2103542/power-assets-announced-special-dividend-payment-shares-gap?utm_source=rss_feed https://www.scmp.com/business/money/stock-talk/article/2103542/power-assets-announced-special-dividend-payment-shares-gap?utm_source=rss_feed Fri, 21 Jul 2017 02:45:15 +0000 Mainland Chinese and Hong Kong stock markets have become sharply divergent, as money is leaving the mainland in search of shelter in Hong Kong following recent share price declines among start-ups and other young technology companies. Analysts expect southbound inflows to further increase in the second half of the year, with internet and financial stocks to receive a particular boost. In just eight trading sessions through Wednesday, Hong Kong’s market value increased by a whopping HK$1.32... https://www.scmp.com/business/markets/article/2103463/hong-kong-stocks-lifted-tide-money-mainland-investors?utm_source=rss_feed https://www.scmp.com/business/markets/article/2103463/hong-kong-stocks-lifted-tide-money-mainland-investors?utm_source=rss_feed Thu, 20 Jul 2017 09:09:13 +0000 Chinese buying of US residential property hit a record high of US$31.7 billion in 2016, up at least US$4 billion, according to the country’s National Association of Realtors (NAR). Released on Tuesday, its 2017 Profile of International Activity in U.S. Residential Real Estate, found that between April 2016 and March 2017, China maintained its top position in terms of dollar sales for the fourth straight year. That US$31.7 billion is up from last year’s US$27.3 billion but down slightly on 2015’s... https://www.scmp.com/property/hong-kong-china/article/2103314/chinese-buying-us-residential-property-hits-record-high?utm_source=rss_feed https://www.scmp.com/property/hong-kong-china/article/2103314/chinese-buying-us-residential-property-hits-record-high?utm_source=rss_feed Wed, 19 Jul 2017 14:01:19 +0000 Champion Reit, the real estate investment trust controlled by the Hong Kong family behind Great Eagle Holdings, is offering its office tower at Langham Place in Mongkok for sale with an estimated price of HK$26 billion (US$3.33 billion). The landlord is targeting mainland buyers, according to property consultant Savills. Langham Place Office Tower, which is the second highest commercial building in Kowloon, is under global tender sale by Savills, as appointed by owner Champion Reit. China Life... https://www.scmp.com/business/companies/article/2102998/champion-reit-offers-sell-office-tower-langham-place-hk26-billion?utm_source=rss_feed https://www.scmp.com/business/companies/article/2102998/champion-reit-offers-sell-office-tower-langham-place-hk26-billion?utm_source=rss_feed Mon, 17 Jul 2017 12:55:33 +0000