HKMA defends currency peg, sells HK$6.2b
The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, stepped into the currency market on Tuesday, selling HK$ 6.2 billion (US$ 800 million) in Hong Kong dollars…
Asian shares, euro steady, Fed move in focus
Asian shares and the euro steadied on Tuesday, drawing support from expectations that the US Federal Reserve will take fresh economic stimulus measures this week. MSCI’s broadest index of Asia-Pacific…
Hong Kong Exchange clamps down on accounting practice under fire at Olam
Hong Kong Exchange is prohibiting companies that seek approval to list on its stock market from relying on an accounting practice at the centre of accusations by short-seller Muddy Waters…
Investors are again betting on mainland start-ups
Four squares on a phone screen show photos of four women. Tap the one you like and profiles appear showing age, occupation, education, and current location: a 27-year-old dentist and…
PICC jumps in debut trading, lifted by strong retail demand
Shares of Chinese insurer PICC rose sharply on its debut on Friday as retail investors flooded in to speculate after Hong Kong’s biggest IPO in two years. Markets & Investing…
Hong Kong’s secondary home prices continue to fall in wake of stamp duty change
Hong Kong’s secondary home prices are continuing to fall as the government’s anti-speculative stamp duties dampen interest. According to Centaline Property Agency’s secondary home price index, prices have been falling…
PICC makes strong debut on HKEx
People’s Insurance Co (Group) of China, the mainland’s largest non-life insurer, raised investors’ eyebrows on its debut in Hong Kong yesterday, jumping as much as 8.05 per cent at one…
Deutsche Bank halts nearly half its Japanese equity coverage
Deutsche Bank stopped equity coverage of 11 out of 27 Japanese sectors, the brokerage said in a note to clients today, citing “organizational changes.” According to the note obtained by…
Britain needs to seal yuan-swap agreement, former PBOC adviser says
Britain needs to build closer ties with China’s central bank to unleash London’s potential market in offshore yuan trading, a former adviser to the People’s Bank of China says. While…
