5 d. ago China’s retail investors armed with US$22 trillion are key to markets’ fortunes

In the second instalment of the two-part series on the outlook for the Hong Kong and mainland Chinese stock markets, Zhang Shidong and Yulu Ao look at the catalysts that could underpin the rally. Read part one here. When Chinese stocks hit a 10-year high this week, Jian Shi Cortesi saw it as a sign that the rally could continue as overseas investors returned to the nation’s onshore and offshore equities, which are worth a combined US$20 trillion. The Switzerland-based investment director at GAM...

Economics

6 d. ago Profitability pressure grows for China’s state banks amid low rates

China’s top banks face continued pressure, as a slowing economy, lower interest rates and weak loan demand weighed on first-half earnings. Net profit at Industrial and Commercial Bank of China (ICBC), the world’s largest bank by assets, fell 1.4 per cent in the first half from a year earlier to 168.1 billion yuan (US$23.5 billion), according to its interim results announced on Friday after the market closed. Its net interest margin (NIM), a key indicator of a bank’s profitability, fell to 1.3...

Economics

6 d. ago Futu opens Russell Street flagship outlet to tap Hong Kong’s bull run

Futu Holdings is expanding its footprint in Hong Kong with the opening of its first flagship store and inaugural Institutional and Private Wealth Services centre in Causeway Bay, underscoring the online brokerage’s ambition to capture the city’s growing base of high-net-worth clients. The new centre, occupying two floors with a combined area of more than 7,000 sq ft (650 square metres) on Russell Street opposite Times Square, officially opens on Friday . It marks Futu’s eighth permanent service...

Politics

7 d. ago China’s retail stock traders bank on US$1 trillion bull run extending

China’s individual investors are jumping on the bandwagon of a surprising stock-market rally, eyeing more gains that they believe will be buttressed by state support and potential foreign inflows. The nation’s 240 million retail stock traders – twice the population of Japan – are cheering the breakout of the benchmark Shanghai Composite Index, which hit its highest level in a decade this month, leaving behind the trauma of two short-lived run-ups in recent years. China’s markets are now...

Economics

2 w. ago China's factory output, retail sales growth slump in blow to economy

China's factory output, retail sales growth slump in blow to economy  Reuters

Economics

2 w. ago China's July factory output, retail sales growth slump in blow to economic momentum

China's July factory output, retail sales growth slump in blow to economic momentum  Reuters

Economics

2 w. ago China’s growth stumbles in July as retail sales, industrial output miss forecasts

China’s growth stumbles in July as retail sales, industrial output miss forecasts  CNBC

Politics

2 w. ago China's July factory output, retail sales growth miss forecasts

China's July factory output, retail sales growth miss forecasts  Reuters

Politics

2 w. ago China’s economy shows signs of strain as activity metrics lose momentum

China’s economy showed signs of strain in July, with several headline indicators losing momentum amid a weakening of domestic consumption, headwinds from the US trade war and a prolonged property downturn. Retail sales, a major gauge of consumption, rose by 3.7 per cent year on year in July, a decrease compared with the 4.8 per cent growth rate recorded in June, according to data released by the National Bureau of Statistics (NBS) on Friday. The figures fell short of the 4.87 per cent growth...

Politics

2 w. ago China’s economy shows signs of strain as retail sales, output lose momentum

After six months of steady improvement, China’s economy showed signs of strain in July, with several headline indicators losing momentum amid a weakening of domestic consumption, headwinds from the US trade war and a prolonged property downturn. Retail sales, a major gauge of consumption, rose by 3.7 per cent year on year in July, a decrease compared with the 4.8 per cent growth rate recorded in June, according to data released by the National Bureau of Statistics (NBS) on Friday. The figures...

Economics

2 w. ago Developing | China’s economy shows signs of strain as retail sales, output lose momentum

Developing | China’s economy shows signs of strain as retail sales, output lose momentum  South China Morning Post

Economics

3 w. ago JD.com Flees China's Brutal Retail Wars For Europe, As Beijing Fails To Tame Price

JD.com Flees China's Brutal Retail Wars For Europe, As Beijing Fails To Tame Price-cutting At Home  Benzinga

Events

3 w. ago China urged to curb excessive cash burn, not competition, to fight ‘neijuan’

With e-commerce platforms locked in fierce competition for China’s instant retail market, a prominent Chinese economist has called for government guidance that balances regulatory oversight with innovation and a push for new growth drivers. Wang Yiming, a central bank adviser, said “quick commerce” – involving the rapid delivery of food and essential goods, often within 30 minutes – creates new opportunities for consumption, which could be vital for long-term growth. He urged officials to guide...

Sport