Topic

China stock market
Advertisement
  • ‘Although the deals are small, the sentiment is improving,’ analyst says
  • Shanghai-based Autostreets surged as much as 66 per cent on its first trading day on Friday, following strong early-week debuts by Qunabox and EDA Group

Hong Kong shares finished lower after a crucial data release indicated sluggish conditions in the world’s second largest economy, underscoring the need for more policy easing.

The legendary investor has changed his view on China stocks as he believes the country’s recent property support measures will restore confidence. A recent trip to the south of the country also helped change his mind.

videocam
Advertisement
Advertisement

Asian dollar bonds could continue to rally, propelled by hopes of interest rate cuts, improving macro conditions and China’s property stimulus measures.

China-listed firms paid cash dividends totalling 2.2 trillion yuan (US$300 billion) for 2023 despite a fall in combined profit, official data shows. Fund managers are not convinced broader governance improvements are afoot.

Hong Kong retail funds recorded net inflows of US$3.8 billion in the first quarter, the most since attracting US$4.6 billion in the same period in 2021, industry data shows.

Five years since the mechanism was introduced, it has dropped off investors’ radar. Only six Chinese companies have listed in London, while no European company has listed in China.

Investors are growing increasingly positive on China’s long-term growth prospects but are ‘underinvested’ in the world’s second-largest economy, HKEX CEO Bonnie Chan says.

Hong Kong markets close little changed, surrendering gains posted after Shanghai relaxed property sector curbs and on the back of a semiconductor investment fund.

As the first batches of a trillion-yuan offering of ultra-long-term special government bonds came roaring out of the gate this week, those bearish on China’s economic outlook triggered a feeding frenzy.

videocam

Hong Kong stocks fell for a fourth straight day and capped their biggest weekly loss since January, with a lack of positive earnings surprises and waning rate cut hopes adding to the gloom.

A stock market rally in Hong Kong has helped raise valuations and improve sentiment among investors, feeding a recovery in fundraising activities in the city and on bourses in mainland China, JPMorgan says.

China’s securities regulators and stock exchange officials met with global fund managers in Europe in the first overseas roadshow, after delivering a major stimulus to rescue the nation’s property market.

Investors will need to see more positive signals from the market before calling a stabilisation, US bank says, as expectations of declining prices and shrinking incomes, plus jitters about home delivery will continue to keep homebuyers at bay.

‘It’s too early to leave the party,’ says an HSBC analyst as Goldman raises its index targets by at least 5 per cent, but JPMorgan Private Bank calls an end to the rebound.

Hong Kong-traded shares of Chinese dual-listed companies are at their smallest discounts to their counterparts on the mainland in 15 months as global investors pile in after Beijing launches measures to rescue the crisis-hit property sector.

Consumer and entrepreneur confidence should ‘continue to pick up from this point’ as Beijing’s efforts strengthen the capital markets and enhance Hong Kong’s connector role, say speakers at the Greater China Private Equity Summit.

Economist Richard Koo’s theories influenced Western policy decisions after the global financial crisis, and now he has strong words for Chinese policymakers on the need for fiscal stimulus to ward off a ‘balance-sheet recession’.

videocam

A wave of mergers and acquisitions is about to transform China’s brokerage industry as Beijing presses ahead with its ambition to become a financial powerhouse by 2050.

Hong Kong stocks were lifted by signs corporate earnings may have bottomed out, and after Beijing delivered a batch of property support measures.

Developer stocks rose on Thursday after authorities in Hangzhou announced plans to buy unsold homes, but analysts question whether such aid is the best way to rescue the market.

videocam