Currency losses spark sell-off in bonds and stocks
Emerging market stocks fell 1.5 per cent, currencies tumbled to fresh lows and bond yield spreads blew out to their highest in five weeks yesterday in the wake of US…
Everbright Bank IPO odds dented by trading mishaps, US regulator’s probe
Clouds are gathering over China Everbright Bank’s third attempt to list in Hong Kong amid investigations by regulators in mainland China and the United States. Markets & Investing feed…
Everbright system fault, not human error, to blame for Shanghai trading chaos
China Everbright Securities was ordered by the mainland securities watchdog yesterday to suspend its automated trading business after faults in the system caused chaos on the Shanghai stock market on…
Buffett disciple Zhao Danyang earns 20pc gains with China stocks
Zhao Danyang, the mainland investor who won a charity lunch with Warren Buffett in 2008, led his hedge funds to post returns three times more than their Asian rivals this…
Everbright ‘fat finger’ error sparks mad rally in Shanghai
Millions of mainland equity investors took a roller-coaster ride yesterday after an apparent “fat finger” trading error by China Everbright Securities which may have caused multibillion-yuan losses. Markets & Investing…
HKEx profit up as LME brings in fresh revenue
Hong Kong Exchanges and Clearing reported a better-than-expected interim net profit growth of 5 per cent in the first half of this year, on improved turnover and new revenue streams…
Mooncake maker mulls IPO to fund expansion
China Angel Food, a Shenzhen-based mooncake maker and catering service provider, is considering an initial public offering either in Hong Kong or on the mainland to raise funds for its…
Shares come in from the cold as gains point to revival
There are signs of a turnaround in the mainland share market, with the CSI 300 Index rising 7 per cent so far this month. Markets & Investing feed…
Tung Tai braves tough market with expansion
While many small local brokers are finding it hard to survive amid the tough competitive environment, Tung Tai is expanding through acquisitions. The brokerage, headed by Vincent Lee Kwan-ho, a veteran…
