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Quarterly review adds video platform Kuaishou Technology and New Oriental Education & Technology to the Hong Kong benchmark.
Haitong’s shareholders will be able to swap their shares for Guotai Junan stock or receive cash in lieu.
Baidu’s 8.6 per cent slump makes it the benchmark’s worst performer; Alibaba falls 4.4 per cent.
Sentiment has cooled and cautious mood now dominates trading after the previous rally, Shengang Securities analyst says.
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HKBN says its board received a proposal for a cash bid from China Mobile.
Oaktree Capital’s Howard Marks says the investment firm was looking for bargains on the onshore market.
Vice-Premier He Lifeng outlines plans to boost listings, market access and yuan trading, while Trip.com’s strong earnings lifts sentiment.
Chinese banks soar after regulator pushes for increased shareholder returns, aiming to enhance stock prices and corporate governance.
Listed companies with stock prices below book value need to come up with plans to reverse course, the CSRC said on Friday.
The exchange link between Shanghai and Hong Kong went live on November 17, 2014.
Retail sales growth of 4.8 per cent and a slower decline in home prices were not enough to raise investors’ spirits.
Turnover of HK$173.31 billion (US$22.2 billion) exceeds the 10-month daily average of HK$127.8 billion, but falls short of HK$184.66 billion a day earlier.
Investors have started to ‘lose confidence and patience’ as they wait for China to enact ‘whatever it takes’ measures, analyst says.
A number of market participants say there is reason to believe that more economic relief is on the way.
The profits of 5,000 companies on the mainland’s three exchanges dropped 3.7 per cent in the three months that ended in September, China Merchants Securities said.
Home sales by China’s 22 key property developers jumped 66 per cent from a month earlier in October.
Investors shrug off China manufacturing report, look to possible stimulus from legislative meeting and outcome of US election next week.
Investors gear up for National People’s Congress Standing Committee meeting next week.
Investors expect China’s legislators to inject stimulus to propel a rally that has already added trillions to markets on the mainland and Hong Kong.
HSBC rose to six-year high after quarterly profit beat analysts’ estimates, helping lift Hang Seng Index in longest winning streak in four weeks.
Goldman Sachs analyst: ‘We expect more fiscal easing and believe it holds the key for the effectiveness of the ongoing stimulus package’.
Zhang Kun of E Fund Management sees high returns, dividends in technology and consumer stocks.
‘We believe China homebuyers’ confidence in the property market has improved markedly,’ analyst says.
Chinese stocks go from unloved during the pandemic to ‘attractive’ and ‘compelling’ after Beijing’s surprise stimulus bazooka.
China Unicom, Xinyi Solar and HKEX lead gainers as an analyst calls the rebound ‘sustainable’.
Li Auto and Geely gain on stronger-than-expected EV sales, while Ping An Insurance drops after quarterly results missed estimates.
Firms waste no time answering Beijing’s call to use a relending facility designed to bolster the stock market.
The Hang Seng Index fell 1.6 per cent to 20,478.46 at the close, adding to a 2.1 per cent decline over the past week.
Twenty-one banks to extend loans for stock buy-backs and stake hikes as the part of the 300 billion yuan scheme unveiled late last month.
Investors anticipate increased government spending and bond issuances to achieve the 5 per cent growth target.
