35 h. ago China’s $1.2 Trillion Stock Market Rally Has Beijing Nervous

China’s $1.2 Trillion Stock Market Rally Has Beijing Nervous  Bloomberg.com

Economics

4 d. ago Beijing Stock Exchange marks 4th anniv, bourse propels growth of high

Beijing Stock Exchange marks 4th anniv, bourse propels growth of high-tech SMEs  Global Times

Politics

6 d. ago Hong Kong and Saudi Arabia sign deal to boost investment, infrastructure ties

Hong Kong and Saudi Arabia have signed a memorandum of understanding (MOU) to enhance infrastructure information exchange and facilitate market access for the city’s professional services. In the presence of Chief Executive John Lee Ka-chiu and Saudi Investment Minister Khalid Al-Falih, the agreement was signed on Friday by Commissioner for Belt and Road Nicholas Ho Lik-chi and Assistant Deputy for the Saudi Services Sector Fahad Alhashem. “This MOU marks another significant milestone in the...

Economics

9 d. ago China Stock Surge May Be Irrational Exuberance Risk for Beijing

China Stock Surge May Be Irrational Exuberance Risk for Beijing  Bloomberg

Events

1 week ago Cambricon tops Moutai as China’s costliest stock as chips beat liquor

Cambricon Technologies became the costliest stock in mainland China’s equities market, as the Beijing-based chipmaker replaced the liquor distiller Kweichow Moutai in a sign of the rising significance of artificial intelligence (AI) in the world’s second-largest capital market. Trading under the symbol 688256 in Shanghai, Cambricon’s shares jumped 11.60 per cent on Monday to a record 1,384.93 yuan, giving it 579.38 billion yuan (US$81 billion) in market value. The stock has more than doubled in...

Politics

2 w. ago Hong Kong’s rally has room to run on ‘reasonable’ valuations: Templeton

Hong Kong stocks remain favourable, as attractive valuations and easing tariff uncertainty have enhanced the predictability of corporate earnings on the city’s stock market, according to US fund manager Franklin Templeton. The firm, which manages US$1.5 trillion of assets worldwide, was “constructive” on Hong Kong and mainland China’s stock markets, as the valuations remained reasonable and Beijing had introduced supportive policies, said Ferdinand Cheuk, portfolio manager at Templeton Global...

Politics

2 w. ago Zelensky gifts Trump a golf club owned by Ukraine war veteran

Ukrainian President Volodymyr Zelensky gave US counterpart Donald Trump a golf club during his visit to Washington this week that had belonged to a serviceman fighting Russia’s invasion, Kyiv said on Tuesday. Trump, an avid golfer who owns several courses, accepted the gift and presented Zelensky with symbolic keys to the White House in return, the Ukrainian leader’s office said. The warm exchange marks a stark turnaround from February, when Zelensky left the White House early following a...

Politics

2 w. ago A massive influx of capital is converging on the Beijing Stock Exchange, driving a surge in the enthusiasm for new listings in the "blue ocean" market.

A massive influx of capital is converging on the Beijing Stock Exchange, driving a surge in the enthusiasm for new listings in the "blue ocean" market.  富途牛牛

Politics

2 w. ago China’s No 2 foundry Hua Hong seeks acquisition to bolster legacy chips lead

Hua Hong Semiconductor, China’s second-largest contract chip manufacturer, plans to acquire equity interests in sister foundry Shanghai Huali Microelectronics for an undisclosed sum to consolidate resources and meet growing for demand for so-called legacy chips. On Monday, Hua Hong suspended trading of its shares on the Nasdaq-style Star Market of the Shanghai Stock Exchange for up to 10 days, as the proposed transaction announced on Sunday was subject to a review by the company’s board and the...

Politics

3 w. ago Hong Kong sells US dollars to fight carry trade, defend currency peg

The Hong Kong Monetary Authority (HKMA) intervened in the foreign exchange market overnight for the 11th time since late June, buying local currency and absorbing interbank liquidity in a move that analysts believe will increase local interest rates and deter carry traders looking to exploit the city’s interest rate differential with the US dollar. The HKMA said it sold US$900 million and purchased the equivalent of HK$7.07 billion at an exchange rate of HK$7.85 per US dollar during New York...

Politics

3 w. ago China’s big yuan devaluation sent shock waves 10 years ago – what has changed?

In the decade since China shocked the world with a surprise devaluation of the yuan, the nation’s exchange-rate regime has steadily shifted towards market-based – yet still managed – pricing, and analysts say the era of burning through massive reserves to defend the currency is firmly in the rear-view mirror. Armed with lessons from the past, Beijing now employs a wider arsenal of tools to manage volatility, they added, with the key challenge for the coming decade being whether the yuan can open...

Events

3 w. ago AirAsia plans Hong Kong connectivity expansion and potential stock market listing

Malaysian budget airline AirAsia is looking to expand its network connectivity in Hong Kong as it considers a potential listing next year to capitalise on the city’s status as a major financial and investor hub. The airline’s owner, Capital A Berhad, announced in May that a potential secondary listing on the Hong Kong stock exchange was part of its strategy to broaden access to global capital markets. It said the move followed a meeting with Hong Kong Exchanges and Clearing, in which Capital A...

Politics