China expert not a requirement for next LME chief
The replacement being sought for the outgoing London Metal Exchange (LME) chief executive Martin Abbott does not need to be a China expert, say sources at Hong Kong Exchanges and…
All eyes on commodities trading
Commodities traders from around the world will begin gathering in Hong Kong for the annual “LME Week” on Friday – the first time the London Metal Exchange get-together will be…
Squeezed funds shy away from green investments
Institutional investors are under pressure to maximise returns amid “ultra-low” interest rates, and are unlikely to invest in projects that mitigate climate change unless forced to do so by governments,…
Credit clamps push smaller brokers to brink
Smaller brokers in Hong Kong are losing clients, and some are on the verge of shutting down as credit limits by banks constrain them from offering margin financing to buyers…
Market slump casts pall over new offerings
Slumping stock markets are threatening to disrupt as much as US$ 10 billion of initial public offerings across Asia, as companies from Suntory Holdings to Macau Legend Development prepare listings.…
Asian stocks steady after wild week
Asian equities ended a volatile week on a calm note, recovering some of the poise lost when Japanese stocks sank into bear market territory. The best gauge of what is happening…
Pension fund looks abroad to boost returns
South Korea’s National Pension Service, the nation’s biggest investor, plans to allocate more funds to overseas equities as it seeks to boost returns. The agency, which had 406 trillion won (HK$…
Ping An’s compensation of Wanfu IPO investors a test case
China’s stock market has long been compared to a casino, with cooking of the books not unheard of. Now, imagine you lose a fortune in the casino and someone volunteers…
Asian markets rebound after sell-off
Asian markets rebounded on Friday after the previous day’s huge sell-off, with dealers picking up bargains in Tokyo, helped by a Wall Street rally and upbeat US data. The dollar…
Japanese stocks tumble as Abenomics loses its lustre and investors take fright
The Nikkei 225 stock index dived 6.35 per cent to finish at 12,445.38 yesterday, erasing almost all its gains since the Bank of Japan unveiled a plan on April 4…
