Asian shares up after China growth data, Wall St rally
Asian markets rose on Monday after China released data showing the economy grew in line with expectations in the April-June quarter. While the news out of Beijing pointed to a…
Hong Kong, Shanghai stocks jump on reform hopes
The Hong Kong and mainland stock markets both had their best day in more than six months yesterday, shrugging off the negative impact of mainland trade data on speculation Beijing…
Hong Kong, mainland China M&A deals rise 12.6pc, driven by consumer firms
Despite a lacklustre capital-raising landscape for equities, signs of improvement in the M&A market were supported by cheap bank loans and syndicated loans, as well as bond issuance. Outbound M&A…
Investor interest in H shares on the wane
The Hang Seng China Enterprises Index or H-share index, which tracks mainland firms listed in the city, generated a 4.77 per cent annualised return from the listing of the first…
Beijing lifts quota to US$150b for foreign investors
A huge jump in the quota for qualified overseas institutions to invest in mainland stocks and bonds was announced by Beijing yesterday, as it stepped up efforts to attract foreign…
SFC takes Tiger Asia to tribunal over ‘insider trading’
The lengthy legal battle between the Securities and Futures Commission and US hedge fund Tiger Asia Management took a new twist yesterday, when the regulator referred the alleged insider dealing…
Amazon shares hit another record on strong sales data
Amazon.com shares hit another record on Thursday after e-commerce firm ChannelAdvisor Corp released strong online sales data. ChannelAdvisor reported that client sales on Amazon.com jumped 30.6 per cent in June,…
Private equity firm KKR launches largest Asia fund as valuations sink
A record US$ 6 billion Asia fund announced by US private equity firm KKR would be deployed at a time when an economic slowdown and emerging market sell-off has knocked…
Chow Tai Fook share sale brings in US$100m
The 93.9 million shares, slightly less than 1 per cent of the free float, were priced at HK$ 8.50, just above the floor of an indicative range of HK$ 8.40…
US equities forecast to advance as recovery grows
The same equity analysts who lowered second-quarter profit growth predictions for firms in the United States to almost nothing for this year are raising price forecasts, convinced the economy is…
