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Guotai Junan Securities and Haitong Securities announced the details of their merger plan on Friday. Photo: Shutterstock

China’s largest brokerage emerges from Guotai Junan-Haitong merger

Haitong’s shareholders will be able to swap their shares for Guotai Junan stock or receive cash in lieu.

Hong Kong stock sell-off deepens with benchmark capping weekly loss

Temu owner PDD sees 10% plunge in pre-market trading despite 44% revenue growth

Hong Kong stocks fall after 3 days of gains as traders await catalysts

Sentiment has cooled and cautious mood now dominates trading after the previous rally, Shengang Securities analyst says.

An electronic monitor displays the Hang Seng Index. The benchmark has lost 15 per cent since reaching a recent high in October. Photo: Sam Tsang

Editorial | More growth ahead as cross-border Connect turns 10

Status of Hong Kong as offshore financial hub for mainland China has been greatly enhanced by ever-widening investment scheme.

Alibaba pulls in US$5 billion from dual-currency bond offering

The deal marks the biggest corporate bond issue of its kind in the Asia-Pacific region this year.

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China Mobile in talks to buy broadband service provider HKBN

HKBN says its board received a proposal for a cash bid from China Mobile.

A China Mobile store in Chengdu. Photo: Shutterstock

Could Hong Kong property tycoons’ backing lead to revival of IPOs?

Hong Kong billionaires are cornerstone investors in SF Holding’s US$793 million IPO, the first time tycoons have backed a listing in the city since 2022.

Hong Kong stocks rise as Howard Marks and Bob Prince see bargains in China

Oaktree Capital’s Howard Marks says the investment firm was looking for bargains on the onshore market.

Chinese courier giant seeks up to US$793 million from Hong Kong IPO

China’s largest express delivery company is selling 170 million shares at HK$32.30 to HK$36.30 each, with the listing to take place on November 27.

SF Holdings, the operator of SF Express, will list its shares on the Hong Kong stock exchange on November 27. Photo: Reuters

Top bankers stress resilience and wisdom key to navigating uncertainty

Speakers at the Global Financial Leaders’ Investment Summit say collaboration and strategic thinking hold the key to tackling a divided world.

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Participants at the Global Financial Leaders’ Summit engage in discussions with their counterparts. Photo: Mia Castagnone

Hong Kong stocks rise as China pledges support at financial summit

Vice-Premier He Lifeng outlines plans to boost listings, market access and yuan trading, while Trip.com’s strong earnings lifts sentiment.

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Chinese banks surge on CSRC guideline urging more shareholder returns

Chinese banks soar after regulator pushes for increased shareholder returns, aiming to enhance stock prices and corporate governance.

Alibaba to sell bonds to repay debt, fund buy-back amid low rates

The Chinese e-commerce leader is issuing bonds denominated in US-dollar and yuan to help repay debt and fund stock repurchases.

Alibaba plans to issue new bonds to fund its share repurchases and repay debt. Photo: Shutterstock

Top bankers gather in Hong Kong for summit as regulators promise more reforms

Chinese Vice-Premier He Lifeng, who is bringing a huge delegation, will deliver a keynote speech.

CSRC Vice-Chairman Li Ming appears at the HKEX Connect Summit in Hong Kong on November 18, 2024. Photo: Jonathan Wong

Exclusive | China is ‘very much’ investible, offers unique diversification: Bridgewater

More stimulus is needed as spending is still too low to achieve its growth target, co-CIO Prince says.

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Hong Kong stocks halt 6-day decline, led by Chinese banks

Listed companies with stock prices below book value need to come up with plans to reverse course, the CSRC said on Friday.

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BlackRock’s AI is watching – and helping to make stock picks

How asset managers are exploring the use of artificial intelligence, while regulators including Hong Kong’s watchdog try to set guard rails.

K-pop group Enhypen performs in Macau on January 26, 2024. Photo: Belift Lab

How the idea to link up Asia’s 2 largest stock markets was born

The exchange link between Shanghai and Hong Kong went live on November 17, 2014.

Hong Kong stocks cap 6-day slide as China data fails to impress

Retail sales growth of 4.8 per cent and a slower decline in home prices were not enough to raise investors’ spirits.

Why Zeekr shares slumped in New York on news of Geely Auto reorganisation

Zeekr loses 24 per cent in New York trading after announcement of Geely Auto reorganisation plan.

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Billionaire founder Li Shufu is reorganising his EV empire amid stiffer competition at home and overseas. Photo: Xinhua

Editorial | Winners and losers with Hong Kong’s wind of change

While Hong Kong stock exchange for the first time traded normally through a typhoon No 8, the city’s popular horse racing took a hit.

Commuters line up at the Hung Hom Cross-Harbour Tunnel Toll Plaza, amid warnings of the onset of Tropical Storm Toraji. Photo: May Tsec

Shanghai hedge fund Pinestone denies trade-secret theft charge against co-founder

US Attorney’s Office in Massachusetts indicted Xiao Zhang last month for stealing trade secrets while working for an unnamed US fund in 2021.

Hong Kong stock market operates as normal during first-ever typhoon trading day

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.

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Hong Kong stocks cap longest losing run in 2 months on stimulus letdown

Investors have started to ‘lose confidence and patience’ as they wait for China to enact ‘whatever it takes’ measures, analyst says.

A view of screens at the Exchange Square building in Hong Kong on October 8, 2024. Photo: EPA-EFE

UBS cuts China stock forecast amid Trump tariff threat, weak stimulus

Swiss money manager cuts mid-2025 and end-2025 targets for MSCI China Index because of tariff uncertainties and disappointing stimulus.

UBS Global Wealth Management, which is part of UBS Group, manages US$6.2 trillion of assets. Photo: Reuters

Tracker Fund turns 25 as Hong Kong eyes top ETF hub status in Asia

The Tracker Fund has mirrored the Hang Seng Index’s returns since inception, giving investors an indirect bet on a basket of benchmark stocks.

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Hong Kong stock benchmark drops below 20,000, surrendering stimulus gains

Hang Seng Index falls to lowest point since September 25, erasing a policy-induced rally that had added as much as 27 per cent.

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Stocks
Stock market action from around the world, with a focus on Hong Kong, China and the rest of Asia.
last updated:
9 September, 2024
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