Among Asia’s hedge funds, smaller was better last year
For those investing into Asia’s hedge funds last year, smaller was better. The region’s largest hedge funds – those managing more than US$ 500 million – delivered weaker returns on…
The bullion-dollar question
Bull view: go on yellow Few dispute that gold offers protection against inflation and debt crises. The metal cannot be printed at will and does not carry a risk of…
Evergrande in US$580m placement
Evergrande Real Estate, the mainland’s biggest property developer by area sold last year, is seeking to raise as much as US$ 580 million through a share placement after its strong…
Developers extend rally amid absence of curbs
Shares of property developers continued to climb yesterday after Wednesday’s gains on relief that no harsh cooling measures were announced in the annual policy address by chief executive. Cheung Kong,…
Brightoil slumps 11pc after loss warning
Brightoil Petroleum, which once attributed its previously above-industry profit margin to its “buy low, sell high” trading strategy, plunged 11.2 per cent yesterday after it warned it expected to post…
Asset managers calm worries over junk bonds
The recent debt issues by mainland developers in Hong Kong will not result in excessive supply and investors should still consider these high-yield bonds as an attractive asset class this…
Hong Kong shares hit 19½-month high, China rebounds
Hong Kong shares climbed to a new 19½-month high on Friday, while the onshore Chinese market is set for its first gain in three days after data showed China snapped…
Golden Wheel rises 20pc on debut
Shares of Golden Wheel Tiandi, a Nanjing-based property developer, soared on their trading debut in Hong Kong yesterday, prompting more listing hopefuls to relaunch their plans for an initial public…
Asian shares mostly up, Japan airlines hit by Boeing woe
Asian markets mostly rose on Thursday, with a weaker yen lifting Tokyo following the previous day’s losses but Japan’s top two airlines fell after grounding their Boeing 787 Dreamliners on…
New law may bolster Hong Kong market for Islamic finance
The Financial Services and the Treasury Bureau presented feedback last year on the consultation on proposed amendments to the Inland Revenue Ordinance and the Stamp Duty Ordinance to ease development…
