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Business
Hong Kong bankers get welcome lift from convertible bond frenzy
Convertible bond issues are seen growing in popularity across the Asia Pacific region as companies seek to lower their interest costs at a time when the primary equity market is sluggish.
31 May 2024 - 10:13AM
China mulls trading cost cuts for mutual funds, to regulate commissions
10 Dec 2023 - 3:40PM
AI boom, China’s waning recovery to boost SOE, tech stocks rally: brokerages
16 May 2023 - 3:41PM
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Banking & Finance
US lawmakers push SEC to order audit of Shein IPO over Uygur forced labour fears
A group of US representatives is asking the Securities and Exchange Commission (SEC) to halt the initial public offering of Chinese-founded fast-fashion giant Shein until it verifies it does not use forced labour while the company says it has “zero tolerance” for such practices.
2 May 2023 - 10:40AM
A Shein logo is pictured at the company’s office in the central business district of Singapore. Photo: Reuters
China Business
Traders bet on cold medicine, antigen test makers as China ditches zero-Covid
They are betting demand for these products will spike as China allows people to isolate at home and drops requirements for nucleic acid testing to encourage use of antigen test kits.
9 Dec 2022 - 3:26PM
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Markets
BYD plunges after Buffett’s Berkshire cuts stake in China’s top EV maker
BYD plunges in Hong Kong trading after a filing shows Berkshire Hathaway trimmed its stake in the EV maker by about US$47 million.
31 Aug 2022 - 4:29PM
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Markets
US-China audit deal to delay migration benefits for HKEX: Morgan Stanley
Hong Kong’s bourse operator may have to wait longer to extract the benefits of more IPOs and trading volume as the US-China audit deal could allow Chinese companies to keep their New York listing status.
30 Aug 2022 - 6:02PM
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Markets
Goldman Sachs: odds of Chinese firms being delisted in US down by almost half
Markets are now pricing in around a 50 per cent chance of them being delisted based on a new delisting risk model created by the US bank. That compares with a high of 95 per cent in mid-March.
29 Aug 2022 - 2:10PM
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At stake are about 168 Chinese companies listed in the US with a combined market value of US$1.5 trillion on the NYSE as of June. Photo: AP
Markets
New challenges reopen old wounds for Chinese Tesla rivals amid sales setback
Covid-19 lockdowns, heatwave and power shortages are causing sales and production pain for Chinese Tesla challengers. Analysts have recently turned less bullish as big funds scooped up more shares.
29 Aug 2022 - 10:30AM
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Markets
Hong Kong stocks halt two-week rout as China-US audit plan fuels tech firms
Local stocks halted a two-week slide as Alibaba and Chinese tech peers powered this week’s 2 per cent rally. A solution to the US-China audit tiff may support further gains.
26 Aug 2022 - 4:36PM
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Business
Alibaba, JD.com fuel best stock rally since April on fresh China stimulus
Hong Kong stocks surged by the most in four months after China unveiled new stimulus to shore up the economy. Fresh speculation on US delisting matters emerged, lifting tech firms.
25 Aug 2022 - 5:02PM
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Markets
Chinese stocks waver as traders see stimulus as lacking punch amid slowdown
Onshore stocks decline in early trading with traders worried about economic slowdown and a looming power crisis. The morning session in Hong Kong was cancelled for all markets because of typhoon warning.
25 Aug 2022 - 10:50AM
Residents walk on a pedestrian bridge against the office buildings in Beijing on August 22. Photo: AP
Markets
Housing slump, geopolitics make China only selectively investable: analyst
Wishful thinking to expect China will fix the housing crisis before the Party Congress, while problems at home and rising geopolitical tensions make assets ‘only selectively investable’.
24 Aug 2022 - 2:01PM
Markets
BYD, Geely, Alibaba send Hang Seng to 5-month low as China slowdown bites
Local stocks hit another new low, this time with Alibaba, BYD and Geely Auto pacing the drop. HSBC slips as Ping An Insurance calls for improvement in returns.
24 Aug 2022 - 4:35PM
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Markets
Hong Kong stocks hit three-month low on weak earnings, US rate policy
Benchmark index hit the lowest since mid-May amid concerns about weak earnings and US rate trajectory. Investors betting on Chinese onshore stocks have taken a 15 per cent beating this year.
23 Aug 2022 - 4:34PM
Markets
Hang Seng review shines light on China’s 6th richest woman at Hansoh Pharma
Hansoh Pharmaceutical, founded by China’s sixth richest woman, rose with two other new members, before officially joining the benchmark index on September 5. Chow Tai Fook Jewellery surrendered gain.
22 Aug 2022 - 4:51PM
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Hansoh Pharmaceutical headquarters in Shanghai. Photo: Company website
Markets
Stocks drop on Covid, power-crisis jitters despite China rate cut
New Covid-19 cases and a looming energy crisis in mainland China are unsettling the market.
22 Aug 2022 - 4:40PM
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Markets
Baidu, Shenhua Energy to join Hang Seng Index as members rise to 73 stocks
The Hang Seng Index compiler will add four stocks to the benchmark gauge from September 5, boosting its capitalisation by US$88.7 billion.
19 Aug 2022 - 9:31PM
Markets
UOB sees Chinese stocks outperforming in second half on policy support
‘Positive vibes’ from Beijing indicate more support on the infrastructure and lending fronts, which could have a ‘multiplier effect on boosting consumption’ and Chinese equities in the second half, says Abel Lim of UOB.
18 Aug 2022 - 1:10PM
Markets
Temasek’s stock bets shrink by US$5.6 billion on stake sales, book losses
The value of Temasek’s holdings in US-listed stocks dwindled by US$5.6 billion amid sales and value erosion, the most since the final quarter of 2004, US filings show.
17 Aug 2022 - 2:16PM
Global stocks slumped last quarter as the risk of recession escalated, fanned by the most aggressive policy tightening in the US since 1994. Photo: AFP
Markets
Hang Seng slides as Meituan sinks on report of Tencent divestment plan
Meituan sank by 9.1 per cent on report Tencent was considering selling part or all of its 17 per cent stake to appease Chinese regulators. Some developers surged on optimism of state financial support.
16 Aug 2022 - 4:47PM
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Markets
Dalio’s hedge fund sells Alibaba, JD.com and 3 others in US$1 billion exit
Ray Dalio’s giant hedge fund completely exited the five US-listed Chinese tech companies last quarter amid delisting risk and heightened geopolitical tensions.
12 Aug 2022 - 2:08PM
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Markets
Hong Kong stocks jump by most in three weeks on cooling US inflation
The Hang Seng Index rose 2.4 per cent, shaking off three days of losses as lower-than-forecasted US inflation lessened pressure on the US Federal Reserve to further tighten monetary policy.
11 Aug 2022 - 8:12PM
OPINION
Anthony Rowley
Macroscope
|
Global markets are sleepwalking toward a cliff’s edge. Here’s why
14 Apr 2019 - 10:10PM
David Dodwell
Inside Out
|
The IPO plan of China’s Big Tobacco is a sad display of cynicism
13 Jan 2019 - 7:57PM
Anthony Rowley
Macroscope
|
Whose economy is in the stronger state to survive the trade war?
16 Dec 2018 - 7:50PM
Anthony Rowley
Macroscope
|
Global markets are plunging as the smell of fear permeates the air
28 Oct 2018 - 7:47PM
Anthony Rowley
Macroscope
|
How much of a fall should global financial markets brace for?
14 Oct 2018 - 3:09PM
William Pesek
Opinion
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Asia’s 2008 seer is worried all over again
14 Oct 2018 - 2:03PM
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