https://www.scmp.com/rss/9966/feed Toh Han Shih is a consultant for Headland Intelligence, a Hong Kong risk consultancy. He was senior Asia correspondent of MLex, a media organisation focusing on regulatory risk, from November 2015 to March 2018. Prior to that, he was a reporter at the South China Morning Post in two stints for roughly 10 years. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Despite the dire state of Sino-US relations, US President Donald Trump and Chinese President Xi Jinping can strike a deal which will benefit their countries. Such a deal would benefit the global economy, since the US and China produce around 40 per cent of the world’s goods and services. For Chinese leaders to reach an agreement with Trump, who styles himself as a deal-maker, they must understand the factors that led to him being elected twice. As my book Is China a Menacing Empire? points out,... https://www.scmp.com/opinion/china-opinion/article/3297468/another-us-china-trade-war-how-about-war-income-inequality?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3297468/another-us-china-trade-war-how-about-war-income-inequality?utm_source=rss_feed Sat, 08 Feb 2025 21:30:08 +0000 In Singapore, the growth of Chinese family offices has been slowing amid the fallout from last year’s multibillion-dollar money-laundering scandal and tighter checks on new applicants. More than S$3 billion (US$2.2 billion) in assets have been seized so far in connection with the sprawling case, which first hit the headlines in August last year when 10 China-born suspects were arrested. Singapore jails Fujian native in US$2.2 billion money laundering case Some of those suspects had links to the... https://www.scmp.com/week-asia/economics/article/3260533/singapore-sees-fewer-new-chinese-family-offices-after-money-laundering-crackdown?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3260533/singapore-sees-fewer-new-chinese-family-offices-after-money-laundering-crackdown?utm_source=rss_feed Mon, 29 Apr 2024 00:00:14 +0000 Billions of dollars of illegal Chinese funds are exiting mainland China and passing through Southeast Asia’s online gambling and scam centres, as they rapidly replace Macau’s gaming junkets as the route of choice for financial criminals. Some of this dirty money has washed up in Singapore, but the city state, which prides itself on its squeaky-clean reputation, is spearheading an international fight against money laundering. Massive laundering case reveals dark side of Singapore’s bid to lure... https://www.scmp.com/week-asia/economics/article/3260532/forget-macaus-junket-launderers-dirty-chinese-cash-has-new-home-southeast-asias-casino-scam-hubs?utm_source=rss_feed https://www.scmp.com/week-asia/economics/article/3260532/forget-macaus-junket-launderers-dirty-chinese-cash-has-new-home-southeast-asias-casino-scam-hubs?utm_source=rss_feed Sat, 27 Apr 2024 01:30:09 +0000 Malaysia’s recent change of government has driven a whistle-blower from the Southeast Asian country to Switzerland, while Pascal Najadi, the son of murdered banker Hussain Najadi, has said he is too scared to return to Malaysia. Despite fleeing, whistle-blower Xavier Justo has vowed not to give up his fight against the corruption and money laundering allegedly associated with the defunct Malaysian sovereign wealth fund 1Malaysia Development Berhad (1MDB). “I will continue to expose the criminal... https://www.scmp.com/week-asia/politics/article/3078361/1mdb-malaysias-change-government-sees-whistle-blower-flee-banker?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/3078361/1mdb-malaysias-change-government-sees-whistle-blower-flee-banker?utm_source=rss_feed Sun, 05 Apr 2020 06:00:11 +0000 As the number of coronavirus cases continues to rise in China and elsewhere, the efforts of a Malaysian doctor who ended a pneumonic plague that killed 60,000 in northeast China a century ago bears lessons for the current pandemic, according to a professor in Singapore. Wu Lien-teh, a doctor from Penang, was called to Harbin in 1910 to combat a plague, which he found was being transmitted from diseased animals to humans amid a bustling fur trade. More than 95 per cent of infected patients... https://www.scmp.com/week-asia/health-environment/article/3048461/how-malaysian-plague-fighter-wu-lien-teh-laid-down?utm_source=rss_feed https://www.scmp.com/week-asia/health-environment/article/3048461/how-malaysian-plague-fighter-wu-lien-teh-laid-down?utm_source=rss_feed Sat, 01 Feb 2020 07:00:19 +0000 Ever since US President Donald Trump began regularly tweeting about China, in 2011, he has called the country an “enemy” of the US – seven times, to be exact. Why do we continue to sit idly by while China steals our national security and corporate secrets? China is an enemy, not a friend. — Donald J. Trump (@realDonaldTrump) October 21, 2011 But as the two countries look increasingly locked in a tit-for-tat trade spat, Trump’s tone has warmed toward China’s leader, President Xi... https://www.scmp.com/politics/history-trumps-view-china-tweets/article/2141292?utm_source=rss_feed https://www.scmp.com/politics/history-trumps-view-china-tweets/article/2141292?utm_source=rss_feed Wed, 11 Apr 2018 10:00:15 +0000 As warmly as Chinese President Xi Jinping welcomed North Korean Supreme Leader Kim Jong-un on his first visit to Beijing last month, China appears to have kept up the pressure on North Korea. The Chinese authorities said Sunday they would immediately ban exports to North Korea of items that could be used to develop weapons. The list of 32 banned items includes particle accelerators, centrifuges and software related to weapon-making, according to a statement issued by China’s Ministry of... https://www.scmp.com/politics/china-tightens-north-korea-sanctions/article/2141114?utm_source=rss_feed https://www.scmp.com/politics/china-tightens-north-korea-sanctions/article/2141114?utm_source=rss_feed Tue, 10 Apr 2018 10:17:53 +0000 The Hong Kong government will consider a new law and has recently announced an action plan to help it more effectively fight human trafficking. If passed the law, drafted by a Hong Kong lawmaker and two prominent lawyers, will go some way to address criticism that the city's government has not done enough to address this problem. The Global Slavery Index, a project which monitors slavery internationally, in 2016 ranked Hong Kong as having the second worst government response to slavery in Asia,... https://www.scmp.com/society/hong-kongs-new-anti-trafficking-law/article/2140917?utm_source=rss_feed https://www.scmp.com/society/hong-kongs-new-anti-trafficking-law/article/2140917?utm_source=rss_feed Mon, 09 Apr 2018 10:15:45 +0000 President Trump is doubling down on his threats of tariffs against China, escalating a trade dispute between the world’s two most important economies. In a statement late Thursday, Trump said that the US would consider slapping import tariffs on even more Chinese goods – $100 billion worth of them – doubling the amount targeted in his previous proposal. He was responding to what he said was “unfair retaliation” by China, which on Wednesday responded in kind to Trump’s plan to levy an additional... https://www.scmp.com/business/why-china-and-us-can-still-avoid-trade-war-now/article/2140603?utm_source=rss_feed https://www.scmp.com/business/why-china-and-us-can-still-avoid-trade-war-now/article/2140603?utm_source=rss_feed Fri, 06 Apr 2018 09:30:00 +0000 Ten years in prison sounds like a lot for stealing a few grains of rice. But on Wednesday a US court sentenced a Chinese scientist to 10 years in prison for stealing secrets from an American biotech firm, a case of intellectual theft that the US government has seized on as a warning message to “foreign interests” amid escalating trade conflicts with China. “Today’s sentence demonstrates the significant consequences awaiting those who would steal trade secrets from American companies,” said John... https://www.scmp.com/science/us-jails-chinese-scientist-stealing-genetically-engineered-rice/article/2140447?utm_source=rss_feed https://www.scmp.com/science/us-jails-chinese-scientist-stealing-genetically-engineered-rice/article/2140447?utm_source=rss_feed Thu, 05 Apr 2018 10:09:00 +0000 The Thai government appears to have exercised double standards in its recent treatment of two foreigners, namely Xavier Justo, a Swiss citizen, and Joshua Wong Chi-fung, a young Hong Kong activist. Wong, 19, played a prominent role in the Occupy Central protests for democracy in Hong Kong in late 2014. Justo, who is 49 with a wife and young child, is a key witness in the scandal surrounding the Malaysian state fund 1Malaysia Development Berhad, or 1MDB. Justo was sentenced to three years in a... https://www.scmp.com/week-asia/politics/article/2026092/joshua-wong-and-double-standards-thai-junta?utm_source=rss_feed https://www.scmp.com/week-asia/politics/article/2026092/joshua-wong-and-double-standards-thai-junta?utm_source=rss_feed Fri, 07 Oct 2016 10:08:49 +0000 UK House of Commons speaker John Bercow publicly raised the issue of human rights with Xi Jinping, while the leader of the British opposition Labour party Jeremy Corbyn did the same, but in private, during the Chinese leader's state visit to Britain. It is right and proper that the two did so, despite warnings by the Chinese ambassador to the UK, Liu Xiaoming, that Xi would be offended if he was lectured on human rights. If Corbyn were to one day become prime minister, would he welcome the huge... https://www.scmp.com/comment/insight-opinion/article/1871275/whether-public-or-private-britain-was-right-bring-human?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1871275/whether-public-or-private-britain-was-right-bring-human?utm_source=rss_feed Fri, 23 Oct 2015 02:20:56 +0000 The Singapore government is playing up a celebratory remembrance of Singapore history, prompted by the upcoming 50th anniversary of the founding of the Southeast Asian state on August 9 and the death of the country's first prime minister, Lee Kuan Yew, on March 23. In this version of history, Singapore overcame threats like communism to rise from a third world slum to a first world financial hub. But the withdrawal of state funding for a comic book on Singapore history and the banning of a... https://www.scmp.com/comment/insight-opinion/article/1820507/gag-alternative-voices-shows-singapores-insecurity?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1820507/gag-alternative-voices-shows-singapores-insecurity?utm_source=rss_feed Fri, 12 Jun 2015 04:03:55 +0000 Chinese shares slipped into the red by the midday break on Friday after an early rally ran into waves of profit-taking, while the weak performance of Wall Street depressed sentiment and led Hong Kong into negative  territory. The Shanghai Composite Index eased 0.12 per cent to 4,941.01 points by midsession, having earlier risen above the 5,000 point level for the first time in seven years. The Shenzhen Composite Index declined 0.06 per cent to 3,021.92 points.   Hong Kong’s Hang Seng Index... https://www.scmp.com/business/markets/article/1816901/chinas-shanghai-market-soars-fresh-7-year-top-barrels-past-5000?utm_source=rss_feed https://www.scmp.com/business/markets/article/1816901/chinas-shanghai-market-soars-fresh-7-year-top-barrels-past-5000?utm_source=rss_feed Fri, 05 Jun 2015 02:30:30 +0000 Companies are taking advantage of the bull market in Hong Kong and the mainland to undertake share placements to lower their debt, a trend supported by Beijing after mainland corporate debt has soared to risky levels. "This is a good time to do placement given the high valuations. The market has risen rapidly. A lot of the money will be to repay debt," said Francis Cheung, CLSA's managing director of China-Hong Kong strategy. The Hang Seng Index has surged 14 per cent since mid-March, while the... https://www.scmp.com/business/markets/article/1816332/companies-ride-bull-market-lower-debt-share-placements?utm_source=rss_feed https://www.scmp.com/business/markets/article/1816332/companies-ride-bull-market-lower-debt-share-placements?utm_source=rss_feed Thu, 04 Jun 2015 11:33:20 +0000 Rechargeable battery manufacturer BYD in China plans to raise 15 billion yuan from an A-share placement to invest in Lithium-ion (Li-ion) batteries and new energy vehicles and repay loans, the Hong Kong and Shenzhen-listed firm announced on Thursday. The mainland company is the world’s largest supplier of rechargeable batteries and is also engaged in new energy, IT and automobiles. On Wednesday, BYD’s board of directors resolved that the company will issue up to 261 million new A-shares on the... https://www.scmp.com/business/companies/article/1816181/china-battery-maker-byd-aims-raise-15-billion-yuan-share?utm_source=rss_feed https://www.scmp.com/business/companies/article/1816181/china-battery-maker-byd-aims-raise-15-billion-yuan-share?utm_source=rss_feed Thu, 04 Jun 2015 02:00:15 +0000 Ali Pictures Group will raise net proceeds of HK$12.11 billion from a share placement which may be used to acquire media companies, the Hong Kong-listed film company announced on Thursday morning. “The company intends to use the net proceeds from the placing for general working capital and to finance potential acquisitions arising out of media-related investment opportunities. The company has not identified any specific acquisition targets,” said Ali Pictures, a unit of e-commerce giant Alibaba... https://www.scmp.com/business/companies/article/1816176/chinas-ali-pictures-raises-hk1211-billion-share-placement?utm_source=rss_feed https://www.scmp.com/business/companies/article/1816176/chinas-ali-pictures-raises-hk1211-billion-share-placement?utm_source=rss_feed Thu, 04 Jun 2015 01:27:09 +0000 Smithfield Foods has sold its entire 37 per cent stake in Campofrio Food Group for US$354 million (HK$2.74 billion) in cash to Alfa, a Mexican conglomerate whose businesses include food, IT and automotive engine parts, the parent company of Smithfield said in a statement on Thursday. Smithfield is a wholly owned subsidiary of WH Group, the largest pork producer in China and the world. Campofrio is one of Europe’s biggest packaged meat firms. “The transaction will further strengthen WH Group’s... https://www.scmp.com/business/companies/article/1816174/chinas-smithfield-foods-sells-stake-campofrio-food-group?utm_source=rss_feed https://www.scmp.com/business/companies/article/1816174/chinas-smithfield-foods-sells-stake-campofrio-food-group?utm_source=rss_feed Thu, 04 Jun 2015 01:10:09 +0000 Spotting the likely stock market beneficiaries of consolidation among state-owned enterprises has become a favoured pastime of investors lately. Bright Dairy & Food and Dongfang Electric Corp are among the names in the frame for analysts at Credit Suisse. The State Supervision and Administration Commission (Sasac) planned to reduce the number of central government-owned state-owned enterprises, excluding financial SOEs, to about 40 from the current 112, mainland newspaper Economic Information... https://www.scmp.com/comment/insight-opinion/article/1815671/bright-dairy-and-dongfang-electric-shares-tipped-benefit-soe?utm_source=rss_feed https://www.scmp.com/comment/insight-opinion/article/1815671/bright-dairy-and-dongfang-electric-shares-tipped-benefit-soe?utm_source=rss_feed Wed, 03 Jun 2015 05:30:30 +0000 Hong Kong’s bourse outshone Chinese stocks by midday on Wednesday morning, as foreign funds flowed in while investors cut their positions on mainland stocks. The Hang Seng Index rose 0.74 per cent or 203.99 points to 26,670.71 points by the midday break on Wednesday although the Hang Seng H-shares Index, where mainland Chinese share hold more sway, fell 0.54 per cent or 76.93 points to 14,124.7 points. The Shanghai Composite Index and Shenzhen Composite Index fell 1.02 per cent to 4,860.58... https://www.scmp.com/business/markets/article/1815622/chinese-markets-open-mixed-hong-kong-buoyed-likely-delay-us?utm_source=rss_feed https://www.scmp.com/business/markets/article/1815622/chinese-markets-open-mixed-hong-kong-buoyed-likely-delay-us?utm_source=rss_feed Wed, 03 Jun 2015 02:45:00 +0000 Share prices of global banking giant HSBC were at their lowest level in almost six weeks by midsession in Hong Kong on Tuesday following reports the bank may announce the dismissal of thousands of people next week. HSBC’s Hong Kong share price dropped 0.74 per cent to HK$73.30, just above the session low of HK$73.25. Volume reached 7.9 million shares, with the five-day average running at 24.82 million shares. The stock was hovering at its lowest level since since finishing at HK$70.80 on April... https://www.scmp.com/business/companies/article/1814713/hsbc-shares-lowest-6-weeks-midday-after-report-bank-planning?utm_source=rss_feed https://www.scmp.com/business/companies/article/1814713/hsbc-shares-lowest-6-weeks-midday-after-report-bank-planning?utm_source=rss_feed Mon, 01 Jun 2015 23:45:00 +0000 The Hong Kong share price of Reorient Group shot up 172.2 per cent to HK$24.50 by 11.10 am on Monday after the Hong Kong-based investment bank announced details of its new investors who include entrepreneurs like Alibaba founding chairman Jack Ma Yun. Reorient was the Hong Kong stock that rose the most on Monday morning, when it resumed trading after being suspended on April 21. The placement price of HK$2 is roughly 12 times cheaper than its share price of HK$24.50. By 11.10 am on Monday, 29.5... https://www.scmp.com/business/companies/article/1814408/reorient-share-price-jumps-hong-kong-after-investment-alibabas?utm_source=rss_feed https://www.scmp.com/business/companies/article/1814408/reorient-share-price-jumps-hong-kong-after-investment-alibabas?utm_source=rss_feed Mon, 01 Jun 2015 03:45:00 +0000 Small cap stocks in Hong Kong and in mainland China are in a perilous bubble, making them vulnerable to a sharp correction that would put punters in a hole at a time when the country is struggling with huge debts and a softening economy. “There are a lot of worries as to what happens to the China and Hong Kong markets, in the event of a repeat of the 2007 bubble and whether it will end in tears again,” Credit Suisse analyst Vincent Chan said in a report. “The bad news is that P/Es... https://www.scmp.com/business/markets/article/1814380/small-cap-stocks-chinas-shenzhen-market-bubble-territory-risking?utm_source=rss_feed https://www.scmp.com/business/markets/article/1814380/small-cap-stocks-chinas-shenzhen-market-bubble-territory-risking?utm_source=rss_feed Mon, 01 Jun 2015 00:17:00 +0000 The People's Bank of China on Friday called for a "healthy" development of the country's stock market, a day after a slide in mainland Chinese and Hong Kong equities seemed to have been arrested. The securities and futures sector would deepen the State Council's push to foster a healthy development of the capital markets, centred on serving the real economy, the central bank said. To maintain a stable and healthy development, market reforms and the building of legal infrastructure would be... https://www.scmp.com/business/markets/article/1813107/peoples-bank-china-calls-more-reform-foster-capital-markets?utm_source=rss_feed https://www.scmp.com/business/markets/article/1813107/peoples-bank-china-calls-more-reform-foster-capital-markets?utm_source=rss_feed Fri, 29 May 2015 15:17:38 +0000 The short selling of Hong Kong stocks over the past two days was largely related to Thursday's sharp market correction, with financial institutions and Hong Kong Exchanges and Clearing (HKEx) among the most heavily sold. On Thursday, the Shanghai Composite Index plunged 6.5 per cent while the Hang Seng Index dropped 2.23 per cent in its biggest one-day fall since December. Yesterday, the Shanghai Composite Index fell just 0.18 per cent, while the Hang Seng Index dipped 0.11 per cent. Ping An... https://www.scmp.com/business/markets/article/1812815/market-correction-led-short-selling-financial-stocks?utm_source=rss_feed https://www.scmp.com/business/markets/article/1812815/market-correction-led-short-selling-financial-stocks?utm_source=rss_feed Fri, 29 May 2015 12:43:31 +0000 Analysts predict today will see more selling of mainland shares after the sharp correction in the Shanghai, Shenzhen and Hong Kong stock markets yesterday, in a vicious cycle of selling as margin calls accelerate with the falling markets. In one of its biggest single-day drops, the Shanghai Composite Index plunged 6.5 per cent to 4,620.27 points yesterday, while the Shenzhen Composite Index plummeted 5.52 per cent to 2,756.93 points. The Hang Seng Index closed down 2.23 per cent, or 626.9... https://www.scmp.com/business/markets/article/1811326/sharp-correction-shanghai-shenzhen-and-hong-kong-stock-markets?utm_source=rss_feed https://www.scmp.com/business/markets/article/1811326/sharp-correction-shanghai-shenzhen-and-hong-kong-stock-markets?utm_source=rss_feed Thu, 28 May 2015 11:52:06 +0000 The Shanghai, Shenzhen and Hong Kong stock markets suffered sharp corrections on Thursday, amid tougher measures by mainland and Hong Kong regulators and tighter margin lending. The Shanghai Composite Index plunged 6.5 per cent to 4,620.27 points while the Shenzhen Component Index fell 6.19 per cent to 16,963.52 points. On January 19, the Shanghai Composite Index crashed 7.7 per cent in the biggest fall in more than six years. The Hang Seng Index closed down 2.23 per cent or 626.9 points to... https://www.scmp.com/business/markets/article/1811099/hong-kong-shares-retreat-start-shanghai-extends-run?utm_source=rss_feed https://www.scmp.com/business/markets/article/1811099/hong-kong-shares-retreat-start-shanghai-extends-run?utm_source=rss_feed Thu, 28 May 2015 02:15:15 +0000 Turnover on mainland China exchanges nudged towards a record on Wednesday, with the Shanghai and Shenzhen stock benchmarks notching up a third day of gains this week. Trading volumes in both markets was 2.15 trillion yuan (HK$2.69 trillion), just shy of the record 2.16 trillion yuan reached on Tuesday. In contrast, the turnover in Hong Kong was HK$160.09 billion on Wednesday, HK$43.55 billion lower than the previous day, as shares dropped on apparent concerns over weakness in US stocks. At the... https://www.scmp.com/article/1810581/trading-holds-near-record-levels-mainland-chinese-stock-markets-while-hong-kong?utm_source=rss_feed https://www.scmp.com/article/1810581/trading-holds-near-record-levels-mainland-chinese-stock-markets-while-hong-kong?utm_source=rss_feed Wed, 27 May 2015 11:45:00 +0000 Chinese companies in the capital goods sector should be one of the prime beneficiaries of Beijing’s ambitious 10-year plan to turn manufacturing into a world-beating sector, but any change in the country’s policy environment would pose risks to these firms’ prospects. Chinese manufacturers are expected to boost productivity through innovation, creating a batch of globally competitive multinational companies that will be efficient and environmentally friendly, according to the State Council’s... https://www.scmp.com/business/companies/article/1810101/china-manufacturing-plan-bolster-shares-capital-goods-risks-lurk?utm_source=rss_feed https://www.scmp.com/business/companies/article/1810101/china-manufacturing-plan-bolster-shares-capital-goods-risks-lurk?utm_source=rss_feed Wed, 27 May 2015 06:11:23 +0000 After an extended weekend break on Monday, the Hang Seng Index rose on Tuesday to catch up with the sizzling mainland Chinese stock markets, boosted by expectations of increased defence spending following the release of a hawkish military white paper by Beijing. The Hang Seng Index closed 0.92 per cent higher, while the H-share index rose 2.55 per cent. The share price of market operator Hong Kong Exchanges and Clearing jumped 5.38 per cent to a record HK$309.40. The Shanghai Composite Index... https://www.scmp.com/business/markets/article/1809956/hk-stocks-take-cue-mainland-chinese-markets?utm_source=rss_feed https://www.scmp.com/business/markets/article/1809956/hk-stocks-take-cue-mainland-chinese-markets?utm_source=rss_feed Tue, 26 May 2015 16:43:48 +0000 The Hang Seng Index saw a robust rally of 2.21 per cent on Tuesday morning but closed the day up a more modest 0.92 per cent as cautious investors took profit. The Hang Seng Index closed up 257.03 points at 18,249.86 points while the Hang Seng H-share Index that tracks mainland Chinese companies listed in Hong Kong closed up 2.55 per cent, or 368.58 points, at 14,801.94 points. The Shanghai Composite Index rose 2.02 per cent to 4,910.90, yet another record high since the global financial crisis... https://www.scmp.com/business/markets/article/1808946/hong-kong-shares-jump-latest-stimulus-measures-china-shanghai?utm_source=rss_feed https://www.scmp.com/business/markets/article/1808946/hong-kong-shares-jump-latest-stimulus-measures-china-shanghai?utm_source=rss_feed Tue, 26 May 2015 02:15:15 +0000 The Shanghai and Shenzhen stock markets reached new historical highs on Monday as the bull run in China showed no signs of easing. The Shanghai Composite Index closed up 3.35 per cent to 4,813.80 on Monday, a fresh seven-year high, while the Shenzhen Composite Index hit a record high when it closed up 1.61 per cent at 2,785.07, after falling in morning trade. The turnover in the Shanghai stock market hit a new record of 1.079 trillion yuan, a massive jump from the daily turnover of roughly 20... https://www.scmp.com/business/companies/article/1808408/shenzhen-stocks-hit-record-high-and-shanghai-shares-post-big?utm_source=rss_feed https://www.scmp.com/business/companies/article/1808408/shenzhen-stocks-hit-record-high-and-shanghai-shares-post-big?utm_source=rss_feed Mon, 25 May 2015 02:00:30 +0000 The anticipated launch of the Shenzhen-Hong Kong Stock Connect will spur the inclusion of A shares in the widely tracked MSCI index series and trigger billions of dollars of global fund flows into mainland equity markets, experts told the South China Morning Post's Redefining Hong Kong seminar yesterday. "The hopefully forthcoming commencement of the Shenzhen-Hong Kong Stock Connect is a necessity for MSCI's inclusion of China. Shenzhen is going to be a critical component in the decision of... https://www.scmp.com/news/article/1807491/shenzhen-hong-kong-stock-tie-could-drive-global-fund-surge?utm_source=rss_feed https://www.scmp.com/news/article/1807491/shenzhen-hong-kong-stock-tie-could-drive-global-fund-surge?utm_source=rss_feed Fri, 22 May 2015 15:30:45 +0000 More gains are likely in store for Hong Kong healthcare shares that have been flying high since a move to allow mainland mutual funds to buy in the city’s stocks under the through train scheme ignited a market boom. That’s the view of Macquarie Research, which expects to mainland institutions to boost their participation in the Hong Kong market under the tie-up with the Shanghai bourse. “Chinese mutual fund buying through the Shanghai-Hong Kong Stock Connect will focus on undervalued (compared... https://www.scmp.com/business/markets/article/1806787/hk-healthcare-stocks-tipped-more-gains-mainland-china-fund-inflows?utm_source=rss_feed https://www.scmp.com/business/markets/article/1806787/hk-healthcare-stocks-tipped-more-gains-mainland-china-fund-inflows?utm_source=rss_feed Fri, 22 May 2015 04:00:00 +0000 Shares of Goldin Properties Holdings and Goldin Financial Holdings owned by mainland Chinese tycoon Pan Sutong sank on Thursday, with some brokers saying the impact of the fall of solar company Hanergy in the previous session may have had a knock-on effect on the selling which hit Goldin. Goldin Financial, an investment holding company whose businesses include wine and factoring, saw its shares plunge 58.9 per cent to HK$12.68, while Goldin Properties, a hotel and property company, was the... https://www.scmp.com/business/companies/article/1805174/goldin-properties-and-goldin-financials-hit-sell-hong-kong?utm_source=rss_feed https://www.scmp.com/business/companies/article/1805174/goldin-properties-and-goldin-financials-hit-sell-hong-kong?utm_source=rss_feed Thu, 21 May 2015 05:42:07 +0000 Institutional investors and retail investors are still bullish on the Hong Kong stock market despite a recent sell-off by some institutional investors, say analysts. Institutional investors were "constructive" on the market because of recent stimulus measures and the overall rally of Hong Kong stocks in recent months, said Francis Cheung, CLSA managing director of China-Hong Kong strategy. Although the Hang Seng Index fell 0.39 per cent to 27,585.05 yesterday, it has risen 12.7 per cent since... https://www.scmp.com/business/markets/article/1804685/institutional-and-retail-investors-still-bullish-hong-kong-stocks?utm_source=rss_feed https://www.scmp.com/business/markets/article/1804685/institutional-and-retail-investors-still-bullish-hong-kong-stocks?utm_source=rss_feed Wed, 20 May 2015 11:50:30 +0000 Shares of solar panel maker Hanergy Thin Film Power Group was the biggest loser on the Hong Kong stock exchange on Wednesday while preferred shares of property and trading company Paladin soared over 600 per cent. The share price of Hanergy slid 47 per cent to HK$3.91 before it was suspended at 10.40 AM on Wednesday, pending an announcement by the company. The suspension came in just as Hanenergy’s annual general meeting began at 10 AM on Wednesday. Hanergy was the fourth most heavily traded... https://www.scmp.com/business/companies/article/1804470/hanergy-biggest-loser-hong-kong-market-paladin-preferred-shares?utm_source=rss_feed https://www.scmp.com/business/companies/article/1804470/hanergy-biggest-loser-hong-kong-market-paladin-preferred-shares?utm_source=rss_feed Wed, 20 May 2015 04:54:31 +0000 Shares of China Jiuhao Health Industry Corporation soared on Monday in Hong Kong because it will gain HK$1.65 billion from the successful disposal of its subsidiary, while Cash Financial Services Group and Celestial Asia Securities Holdings stocks fell sharply due to the failure of Celestial Asia to sell its stake in Cash Financial. Jiuhao’s share price jumped 74.3 per cent to HK$1.22 by Monday noon. The Chinese healthcare-related company’s shares were suspended on December 12, 2014 and resumed... https://www.scmp.com/business/companies/article/1802188/china-jiuhao-health-shares-jump-hong-kong-sale-unit?utm_source=rss_feed https://www.scmp.com/business/companies/article/1802188/china-jiuhao-health-shares-jump-hong-kong-sale-unit?utm_source=rss_feed Mon, 18 May 2015 05:10:20 +0000 The risks of a sharp correction in Hong Kong and mainland Chinese stocks have risen over the past two months, with the mainland Chinese market far riskier than elsewhere in the world, said Olivier d'Assier, the Asia-Pacific managing director of Axioma, a US provider of risk management tools. "The current conditions are, if there is a market correction, it will be more painful. The risk of a severe correction has increased in Hong Kong and China because the correlation has increased," d'Assier... https://www.scmp.com/business/markets/article/1797439/risk-rising-big-sell-hk-and-mainland-chinese-stocks?utm_source=rss_feed https://www.scmp.com/business/markets/article/1797439/risk-rising-big-sell-hk-and-mainland-chinese-stocks?utm_source=rss_feed Thu, 14 May 2015 14:44:17 +0000 The share prices of mainland Chinese mobile commerce titan Tencent and personal computer giant Lenovo rose yesterday after the central government announced plans for better and cheaper broadband connectivity in rural China. Tencent was the most heavily traded Hong Kong stock yesterday, with a trading value of HK$4.18 billion. Tencent's share price rose as much as 5 per cent before closing up 2.9 per cent at HK$161.30. It announced its first-quarter results after the market closed on Wednesday,... https://www.scmp.com/business/markets/article/1796245/chinese-government-broadband-plan-lifts-tencent-and-lenovo-shares?utm_source=rss_feed https://www.scmp.com/business/markets/article/1796245/chinese-government-broadband-plan-lifts-tencent-and-lenovo-shares?utm_source=rss_feed Thu, 14 May 2015 02:30:30 +0000 The Shanghai Composite Index and Hang Seng Index closed down on Wednesday, on news of economic weakness in China and debt problems in Europe, but the Shenzhen Composite Index closed up. The Shanghai Composite Index dropped 0.58 per cent to 4,375.76 points, while the Hang Seng Index dropped 0.58 per cent to 27,249.28 points and the Hang Seng H-shares Index fell 0.81 per cent to 13,859.55 points. The Shenzhen Composite Index closed up 0.82 per cent at 2,445.87 points. The reason the Shenzhen... https://www.scmp.com/business/markets/article/1794906/hong-kong-and-china-markets-start-mixed-weak-wall-street-sets-tone?utm_source=rss_feed https://www.scmp.com/business/markets/article/1794906/hong-kong-and-china-markets-start-mixed-weak-wall-street-sets-tone?utm_source=rss_feed Wed, 13 May 2015 02:15:45 +0000 Tech billionaires Jack Ma Yun and Pony Ma Huateng have taken a stake in mainland Chinese investment firm Fosun International. In a filing with the Hong Kong stock exchange yesterday, Fosun said it had entered into an agreement to sell 6.62 per cent of its shares to raise HK$9.3 billion on Monday. It said it would offer 465 million shares at HK$20 each to at least six buyers. The buyers were not named in the stock exchange announcement. The placement will be completed by tomorrow. Although Fosun... https://www.scmp.com/business/companies/article/1794663/fosuns-hk93b-share-placement-attracts-alibaba-tencent-founders?utm_source=rss_feed https://www.scmp.com/business/companies/article/1794663/fosuns-hk93b-share-placement-attracts-alibaba-tencent-founders?utm_source=rss_feed Tue, 12 May 2015 17:00:45 +0000 Shares of Infinity Group Financial Holdings and Pizu Group Holdings soared on Tuesday in Hong Kong, with analysts saying investment money was flowing into smaller cap stocks in the market. Infinity, a company whose losses more than tripled to HK$23.44 million in 2014, jumped 57 per cent to HK$1.57 by Tuesday noon. The second biggest gainer was Pizu Group Holdings, a GEM-listed software company. Its share price leapt 44.1 per cent to 49 Hong Kong cents. On Monday, the company announced it would... https://www.scmp.com/business/companies/article/1794345/infinity-group-shares-climb-sharply-hong-kong-heavy-volume?utm_source=rss_feed https://www.scmp.com/business/companies/article/1794345/infinity-group-shares-climb-sharply-hong-kong-heavy-volume?utm_source=rss_feed Tue, 12 May 2015 08:03:14 +0000 Mainland Chinese stocks rose on Tuesday on heavy buying by retail investors flush with liquidity but the Hang Seng Index fell in tandem with major international markets amid fears over global economic fundamentals. The Shenzhen Composite Index rose 2.19 per cent to 2,425.9 points, its highest close, while the Shanghai Composite Index closed up 1.56 per cent at 4,401.22 points in the third consecutive advance. The outstanding margin purchases in the Shanghai and Shenzhen markets totalled 1.9... https://www.scmp.com/business/markets/article/1794140/hong-kong-and-shanghai-shares-down-open-await-leads?utm_source=rss_feed https://www.scmp.com/business/markets/article/1794140/hong-kong-and-shanghai-shares-down-open-await-leads?utm_source=rss_feed Tue, 12 May 2015 02:15:45 +0000 Manufacturing stocks were the biggest winners on the Hong Kong stock market on Monday morning, boosted by an announcement of the third interest rate cut by the Chinese government in six months. Bestway International Holdings, which makes and trades plastic products, was the biggest gainer, with its stock price jumping 37.08 per cent to HK$1.22 by Monday noon, while Royale Furniture Holdings, a furniture maker, was the second biggest winner, with its share price soaring 35.29 per cent to 34.5... https://www.scmp.com/business/companies/article/1792704/manufacturing-stocks-hong-kong-chinas-rate-cut?utm_source=rss_feed https://www.scmp.com/business/companies/article/1792704/manufacturing-stocks-hong-kong-chinas-rate-cut?utm_source=rss_feed Mon, 11 May 2015 04:46:39 +0000 Times are good for the funeral business in Asia. In an industry that should never run out of customers, analysts are rating as a buy a pair of funeral companies listed in Hong Kong. One is Nirvana Asia, the largest death care provider in Asia, and Fu Shou Yuan, the largest provider of funeral services in China which will be handling a rapidly ageing population in the country. “As we continue to favour Fu Shou Yuan’s scarcity premium in a niche industry, and its earnings growth potential... https://www.scmp.com/business/companies/article/1792652/two-funeral-companies-listed-hong-kong-get-buys-rating-market?utm_source=rss_feed https://www.scmp.com/business/companies/article/1792652/two-funeral-companies-listed-hong-kong-get-buys-rating-market?utm_source=rss_feed Mon, 11 May 2015 02:49:36 +0000 The mainland’s interest rate cut, which took effect on Monday, sparked the Shanghai Composite Index to rise at the fastest rate in two weeks to close at a one-week high. The Hang Seng Index rose in tandem. The Shanghai Composite Index closed up 3.03 per cent at 4,333.58 points on Monday, after falling for most of last week. It was the Shanghai index’s highest percentage gain since a 3.04 per cent rise on April 27, and one of the highest since January 21. The Hang Seng Index closed up 0.51 per... https://www.scmp.com/business/markets/article/1792646/mainland-china-interest-rate-cut-spurs-hong-kong-and-shanghai?utm_source=rss_feed https://www.scmp.com/business/markets/article/1792646/mainland-china-interest-rate-cut-spurs-hong-kong-and-shanghai?utm_source=rss_feed Mon, 11 May 2015 02:30:15 +0000 Stocks in Hong Kong and Shanghai are expected to rise Monday after the latest stimulus measures announced by Beijing yesterday, said analysts, with foreign funds waiting to enter Hong Kong providing additional support. The People's Bank of China (PBOC) on Sunday  cut the one-year lending rate by 0.25 percentage point to 5.1 per cent and the one-year deposit rate by 0.25 percentage point to 2.25 per cent, Part of the reason for Friday's rebound was anticipation of rate cuts, said Louis Tse, a... https://www.scmp.com/business/markets/article/1792218/beijing-stimulus-and-foreign-funds-ensure-bull-market-shanghai-and?utm_source=rss_feed https://www.scmp.com/business/markets/article/1792218/beijing-stimulus-and-foreign-funds-ensure-bull-market-shanghai-and?utm_source=rss_feed Sun, 10 May 2015 11:02:41 +0000 Cheung Kong Property Holdings (CK Property), the new property arm of Hong Kong’s richest man Li Ka-shing, will list on the main board of the Hong Kong Stock Exchange with stock code 1113 on June 3, CK Property announced on the website of the exchange on Friday. Shareholders of CK Property’s Hong Kong-listed parent, CK Hutchison Holdings (CKH Holdings), will receive one share of CK Property for each CKH Holdings shares. “The net effect is the company’s overall indebtedness level and its finance... https://www.scmp.com/business/companies/article/1789089/li-ka-shings-cheung-kong-property-holdings-list-hong-kong-june-3?utm_source=rss_feed https://www.scmp.com/business/companies/article/1789089/li-ka-shings-cheung-kong-property-holdings-list-hong-kong-june-3?utm_source=rss_feed Fri, 08 May 2015 01:13:52 +0000 The Shanghai Composite Index and Hang Seng Index ended lower by the midday break on Thursday, reeling from the possibility of margin tightening in China squeezing liquidity and warnings by US Federal Reserve chair Janet Yellen of overly lofty stock valuations. The Shanghai Composite Index closed down 1.41 per cent to 4,169.64 points at the midday break of 11.30 am on Thursday, on track for its lowest daily close since the middle of April. The Hang Seng Index fell 0.58 per cent or 159.63 points... https://www.scmp.com/business/markets/article/1788069/margin-tightening-china-and-us-fed-warnings-put-hong-kong-and?utm_source=rss_feed https://www.scmp.com/business/markets/article/1788069/margin-tightening-china-and-us-fed-warnings-put-hong-kong-and?utm_source=rss_feed Thu, 07 May 2015 02:15:45 +0000