BYD Electronic, which makes electronic devices such as smartphones for brands including Huawei, will add HK$76.15 billion (US$9.8 billion) in market capitalisation to the benchmark.
The Hang Seng Index has transformed into a medium-term uptrend phase with key support at 17,110. Momentum factor is now taking a front seat over fundamentals such as the deflationary risk spiral. A softer than-expected China CPI and PPI…
Hong Kong’s biggest lenders including HSBC, Standard Chartered and BOCHK will keep their key lending and deposit rates unchanged, meaning local businesses and mortgage borrowers will have a longer wait for the cost of borrowing to decline.
‘The quality of business journalism has improved,’ since the awards progressed into their eighth year, said Moses Cheng Mo-chi, the chairman of the Council of the Hang Seng University of Hong Kong.
A less dovish Fed with a surprise cut by SNB has triggered a bout of US dollar strength since last Thursday, 21 March. China’s central bank, PBoC responded with a lower-than-expected daily fixing on the onshore yuan (CNY) last Friday, 22…
Lacklustre movement was seen in China & Hong Kong benchmark stock indices today after the release of China Premier Li Qiang’s economic work report during the second day of the “Two Sessions”. Premier Li Qiang has officially announced…
Amid efforts to expand the Hang Seng Index, Hong Kong’s stock benchmark, Prada (OTC:PRDSY), XPeng (NYSE:XPEV), and BeiGene (NASDAQ:BGNE) are anticipated to be included. The potential addition of foreign companies may signal a significant…
The economy of China is hit by the decision to liquidate the developer Evergrande due to a debt of USD 300 billion. Bloomberg writes that this will have huge consequences for all of China. While the S&P 500 index rose by more than 3% since…
Short-term positive animal spirits have resurfaced in China and Hong Kong stock markets stoked by additional liquidity injection from PBoC and the creation of a “stabilization fund”. Long-term prospects are still dim as a liquidity trap…
Hong Kong's Hang Seng index rose sharply off 14-month lows, following reports Beijing was considering a $278 billion package to support the country's stock market.