China Resources property arm mulls IPO to raise up to US$1 billion -sources
China Resources Longdation, a property arm of state-owned conglomerate China Resources, plans to raise between US$500 million and US$1 billion in a Hong Kong initial public offering (IPO), according to three sources with direct knowledge of the matter.
Hong Kong stocks end winning run as weak inflation hurts bullish China bets
Local stock benchmark retreats from a five-week high as weak official reports on producer and consumer prices undermine bullish bets on China’s economic recovery outlook.
Local stock benchmark retreats from a five-week high as weak official reports on producer and consumer prices undermine bullish bets on China’s economic recovery outlook.
Shanghai’s overall office vacancies continue to rise, premium areas better off
Shanghai’s office vacancy rates have continued to rise, as corporate tenants tighten their purse strings and new supply comes online, and rents have continued to decline.
Shanghai’s office vacancy rates have continued to rise, as corporate tenants tighten their purse strings and new supply comes online, and rents have continued to decline.
Hong Kong stocks rise to 5-week high on signs of Beijing’s market support
Hong Kong stocks rose to a five-week high as state-owned fund Central Huijin Investment increased its stakes in the nation’s Big Four banks for the first time since the 2015 market turmoil.
Hong Kong stocks rose to a five-week high as state-owned fund Central Huijin Investment increased its stakes in the nation’s Big Four banks for the first time since the 2015 market turmoil.
China’s sovereign fund raises stake in Big Four banks in boost to stock market
Central Huijin, a unit under China Investment Corp, spent about US$65.4 million on additional shares in the nation’s four biggest lenders in the first such action since the last equity market turmoil in 2015.
Central Huijin, a unit under China Investment Corp, spent about US$65.4 million on additional shares in the nation’s four biggest lenders in the first such action since the last equity market turmoil in 2015.
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Chinese tech start-up unveils ‘low-cost’ L2 autonomous driving systems
Haomo.AI, an autonomous driving technology start-up backed by Great Wall Motor, is to offer carmakers three new driver-assistance systems it claims are cheaper and better than existing ones in what could mark a step forward in China’s push to revolutionise mobility.
Evergrande: is founder Hui Ka-yan’s arrest linked to its US Chapter 15 filing?
Is Hui Ka-yan’s sudden ‘arrest’ related to Evergrande’s Chapter 15 filing? Did he attempt to shield his personal assets from onshore creditors, as speculated by some local media? Here’s what some restructuring experts say about the situation.
Is Hui Ka-yan’s sudden ‘arrest’ related to Evergrande’s Chapter 15 filing? Did he attempt to shield his personal assets from onshore creditors, as speculated by some local media? Here’s what some restructuring experts say about the situation.
Vocal Chinese hedge fund urges Beijing to stabilise market, overcome stock bears
China’s star hedge fund has called on Beijing to intervene in its stock markets and restore investor faith, which has been dampened by outflows in the past two months after a barrage of weak economic data soured risk appetite.
China’s star hedge fund has called on Beijing to intervene in its stock markets and restore investor faith, which has been dampened by outflows in the past two months after a barrage of weak economic data soured risk appetite.
Hong Kong stocks rise on China recovery momentum, bets on US rate pause
Stocks advanced for a fifth day, the longest winning streak in three months. Optimism about China’s economic recovery and bets on another possible Fed rate pause fanned appetite for riskier assets.
Stocks advanced for a fifth day, the longest winning streak in three months. Optimism about China’s economic recovery and bets on another possible Fed rate pause fanned appetite for riskier assets.
Samsung’s profit slide slows in sign of chip market recovery
South Korea’s largest company reported a 78 per cent plunge in quarterly profit, an improvement from the record 95 per cent plunge in the second quarter.
South Korea’s largest company reported a 78 per cent plunge in quarterly profit, an improvement from the record 95 per cent plunge in the second quarter.
Bullish options imply up to 27% upside for Chinese stocks in Hong Kong
Some investors are expressing their bullish view of Hong Kong-listed Chinese stocks through the options market as valuations cheapened after a five-week, US$141 billion market sell-off.
Some investors are expressing their bullish view of Hong Kong-listed Chinese stocks through the options market as valuations cheapened after a five-week, US$141 billion market sell-off.
WM Motor goes bust in setback for Tencent, Baidu in China’s EV war
The carmaker’s petition is being reviewed by a Shanghai court, according to a filing published on the national enterprise bankruptcy information disclosure platform on Monday.
The carmaker’s petition is being reviewed by a Shanghai court, according to a filing published on the national enterprise bankruptcy information disclosure platform on Monday.
China’s BYD steps up globalisation strategy with an EV plant in Uzbekistan
The Warren Buffett-backed carmaker’s joint venture UzAuto will start producing EVs in the southeastern Uzbek city of Jizzakh from next year. The cars will also be exported to other Central Asian countries.
The Warren Buffett-backed carmaker’s joint venture UzAuto will start producing EVs in the southeastern Uzbek city of Jizzakh from next year. The cars will also be exported to other Central Asian countries.
Hong Kong stocks jump amid inflows from mainland Chinese funds, Fed comments
Stocks climb toward the highest level since September 29 as mainland Chinese funds are seen ploughing more cash into H shares, adding to their major haul last quarter.
Stocks climb toward the highest level since September 29 as mainland Chinese funds are seen ploughing more cash into H shares, adding to their major haul last quarter.
Tesla’s Shanghai factory delivers fewer EVs as upgrade disrupts production
The Gigafactory in Shanghai delivered 12 per cent fewer cars in September – bucking the market trend – as Tesla upgraded its mainland China plant ahead of the launch of a revamped Model 3.
The Gigafactory in Shanghai delivered 12 per cent fewer cars in September – bucking the market trend – as Tesla upgraded its mainland China plant ahead of the launch of a revamped Model 3.
Hong Kong stocks jump in typhoon-interrupted trading, onshore equities slide
Hong Kong stocks rose as trading resumed after a typhoon-related interruption while mainland China indexes slipped as traders returned after the golden week national holiday.
Hong Kong stocks rose as trading resumed after a typhoon-related interruption while mainland China indexes slipped as traders returned after the golden week national holiday.
China’s September property measures fail to lift buyer confidence significantly
Weak house sales numbers follow action by central government last month to reduce down payments for millions of homebuyers across China.
Weak house sales numbers follow action by central government last month to reduce down payments for millions of homebuyers across China.
Hong Kong halts morning stock trading for Typhoon Koinu, black rainstorm alert
Local financial markets were also halted on September 1 after the Observatory raised the No. 8 signal and later the highest No. 10, for Typhoon Saola.
Local financial markets were also halted on September 1 after the Observatory raised the No. 8 signal and later the highest No. 10, for Typhoon Saola.
Chinese stocks back in favour as more funds predict turnaround
The Chinese economy is doing better than it gets credit for, says fund manager Andy Rothman at Matthews International. ‘The biggest challenge for the economy now is just confidence.’
The Chinese economy is doing better than it gets credit for, says fund manager Andy Rothman at Matthews International. ‘The biggest challenge for the economy now is just confidence.’
Chinese EV makers on course to smashing 8.5 million sales target: industry
China’s EV market is expected to maintain strong growth momentum in the fourth quarter of 2023, thanks to new launches and discounts offered by carmakers, industry players and observers said.
China’s EV market is expected to maintain strong growth momentum in the fourth quarter of 2023, thanks to new launches and discounts offered by carmakers, industry players and observers said.
