Singapore bourse to trade first SGD-yuan stock
Yangzijiang Shipbuiding Holdings will be the first stock on the Singapore Exchange to be traded in both Singapore dollar and yuan, as Singapore pushes for bigger share in offshore yuan…
Forget ‘buy’ or ‘sell’, tip for small brokers is ‘get out’
Bye-bye Tyrannosaurus Rex, bye-bye sabre-toothed tiger, bye-bye Hong Kong broker bird. Evolution has done them all in and, save for the last, they have all recognised it and vanished. Markets…
Huarong split over investor plan ahead of Hong Kong IPO
Huarong, the biggest of the four funds the central government set up to remove an estimated 1.4 trillion yuan (HK$ 1.76 trillion) of bad loans from the top four state…
Merchants Bank wins nod for rights issue
China Merchants Bank, the mainland’s sixth-biggest lender by assets, said yesterday it had obtained Beijing’s approval to raise about 20 billion yuan (HK$ 25.2 billion) through a long-awaited rights issue,…
ZTE shares headed for strongest gain in more than 4½ yrs
Shares of ZTE, China’s second-largest telecommunications equipment maker, surged 15 per cent on Tuesday, a week after trading resumed following its forecast for a first-half profit and after it announced…
Hong Kong broking firms feel heat from rivalry
One in four home-grown brokerages may close as trading and fees plunge and competition from banks intensifies, according to an industry group. The number of local broking firms might fall…
The China disconnect analysts lose plot on financial stocks
Seventy per cent of analysts covering Chinese financial stocks rate them a buy, the highest among the world’s top 10 markets for such shares. Yet its financials are the worst…
Ban on China developer equity capital raisings to be lifted for cheap housing
The policy change is a sign the new leadership will phase out measures introduced by the previous administration, such as restricting home purchases, to clamp down on the property sector.…
Bernanke: Fed will not raise rates in forseeable future
Federal Reserve Chairman Ben Bernanke reiterated Wednesday that the Fed is nowhere close to raising interest rates, assuring markets that the US easy money tap would not soon dry up.…
JP Morgan sees few IPOs in Hong Kong in second half as China growth slows
There may be few initial public offerings in Hong Kong in the second half, the chief executive of JP Morgan Chase’s Chinese investment banking unit said. Markets & Investing feed…
