Malaysia aims for yuan debt hub status
Malaysia aspires to become the next yuan debt hub in the Asean (Association of Southeast Asian Nations) region as the country’s trade ties with China continue to strengthen. Malaysia’s Second…
Asia stocks up despite global growth warnings
Asian stocks markets shrugged off yet another dismal prediction about global economic growth to mostly post solid gains Wednesday. Hong Kong’s Hang Seng jumped 1.2 percent to 21,076.82 and South…
Yuan rides QE3 to trading high against the U.S. dollar
The yuan rose to its highest level in nearly two decades in intraday trading yesterday, triggered by the new round of quantitative easing in the US and speculation that Beijing…
Parkview Group surges 45pc on new asset hopes
Share prices of Hong Kong-listed developers partly owned by mainland firms soared yesterday. The Hong Kong Parkview Group shot up 45.27 per cent to HK$ 5.07 as the Hang Seng…
The week explained: price fixing
Is this a scene from a B-movie showing a room of self-satisfied men in suits conspiring to rig financial markets? They are confident that the suckers won’t find out what…
Huishan tries to milk Hong Kong investors
Milk maker Liaoning Huishan Holdings, also known as Huishan Dairy, has reportedly invited proposals from investment banks to lead a Hong Kong initial public offering of up to US$ 1…
Investors in insider trading case face delay in getting money back
Investors are not expected to receive compensation anytime soon from Hong Kong’s biggest insider trader and former Morgan Stanley managing director, Du Jun. A court yesterday heard that Du is…
QE3 boosts price of HK flats, say agents
The third round of quantitative easing (QE3) by the US Federal Reserve has boosted the average price of flats in the 100 major housing estates in Hong Kong to record…
Taiwan sees record yuan deposits on growing trade
Taiwan’s central bank had accumulated a record 17.54 billion yuan (HK$ 21.5 billion) by the end of August after a year of steady growth, largely because of business from offshore…
Hong Kong exchange focuses on growth areas
Hong Kong Exchanges and Clearing has stepped up hiring for new units in clearing and commodities trading while streamlining other departments. A senior HKEx executive told the South China Morning…
