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Stocks Blog: China stocks head for weekly gain as 1Q earnings season kicks off

Happy Friday, traders. Hong Kong markets are closed and will reopen Tuesday due to the Good Friday and Easter Monday holidays, meaning no stock connect trading as well as no trading on the city’s exchange. But there will be plenty of action on China’s markets that we will cover for  you. So come back and visit us throughout the day. Please send any questions to deb.price@scmp.com . — Zhang Shidong in Shanghai and Deb Price in Hong Kong. Source link

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South Koreans plough into offshore property markets as mainland Chinese pare down investments

Mainland China’s investments in overseas properties plunged last year amid stringent capital controls and a push by the government to get companies to put their money into belt and road infrastructure projects instead.The vacuum left behind has opened up opportunities for other Asian countries to increase their global real estate portfolios, according to analysts. South Korea in particular has benefited.In 2018 and the first quarter of this year South Koreans spent US$3.47 billion on overseas… Source link

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Leica Camera backs away from promotional video depicting ‘Tank Man’ in Tiananmen Square

Leica Camera AG has sought to distance itself from a promotional video – depicting photographers covering the deadly Tiananmen Square crackdown three decades ago – that has landed the German company in hot water in China.The five-minute promotional video, “The Hunt”, depicts various dark moments of war and conflicts through the lenses of photojournalists. But its main plot follows a Western journalist inside a Beijing hotel in 1989, who tries to go outside to document the shooting but is… Source link

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Tencent wins approval to distribute Nintendo Switch video game in China

China’s biggest game publisher Tencent Holdings has received approval to distribute a Nintendo Switch game on the mainland, paving the way for the Japanese video game maker to bring its latest console to the world’s biggest gaming market.Tencent has been given permission to distribute Nintendo’s “New Super Mario Bros. U Deluxe” game, according to an announcement on the website of Guangdong Provincial Department of Culture and Tourism on Thursday.Nintendo has submitted a request to the Chinese… Source link

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China’s stock benchmark drops from one-year high as carmakers weigh on sentiment

China’s stocks fell from a one-year high, as carmakers ran out of gas following a rally spurred by speculation about government stimulus to bolster car salses.The Shanghai Composite Index dropped 0.4 per cent, or 12.92 points, to 3,250.20 at the close on Thursday after rising to the highest level since March 2018 a day earlier. A gauge tracking auto stocks slumped 1.9 per cent after surging 7 per cent over the past two days, according to data provider Shanghai DZH. Hong Kong’s Hang Seng Index… Source link

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China sees brighter outlook for yuan and foreign investment as US-China trade war deal nears

The odds of capital exodus from China and of a slide in the value of the yuan exchange rate have diminished thanks to China’s steady domestic growth, progress in trade talks with the United States and the decision by the US Federal Reserve to halt its interest rate increases, China’s foreign exchange regulator said on Thursday.The US Federal Reserve’s announcement that it no longer plans to raise interest rates this year will mean that the difference between US and Chinese interest rates will… Source link

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Beijing takes control of rating agency Dagong, following last year’s licence suspension in China

Dagong Global Credit Rating, one of China’s oldest and biggest rating firms, has been taken over by the central government after its mainland licence was suspended last year from the bond market business for “chaotic” management problems and providing “fake” information.China Reform Holdings, a central government-owned enterprise, said in a statement on Thursday that it has acquired a controlling stake in Dagong and will put it under a strategic restructuring.“It’s not simply a nationalisation… Source link

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China’s economic rebound is helping Europe, but not as much as Italy, France, Germany and Brexit are hurting it

Last week, the International Monetary Fund announced that it had slashed its growth forecast for the euro-zone economy, which it now expects will expand by just 1.3 per cent this year, down 0.6 percentage points compared with the IMF’s last full forecast in October 2018. The downgrade was mainly attributable to the even sharper downward revision of growth in Germany, Europe’s largest economy, which is projected to expand by a meagre 0.8 per cent this year, a drop of more than 1 percentage… Source link

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Stocks Blog: Traders watching appliances, autos for clues on stimulus speculation

Good day traders. We’ll be closely covering the mainland and Hong Kong stock markets for you today. We’ll also bring you insights from experts about where sectors and companies are headed. Check back in throughout the day for updates.  — Zhang Shidong in Shanghai and Deb Price in Hong Kong   Source link

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Regency Heights: connected London living without the price tag

[Sponsored Article] London has timeless appeal for overseas property buyers, and investing in the UK capital isn’t only for the wealthy. Those deterred by Central London property prices can find bargains and high returns by looking west to Old Oak and Park Royal, the UK’s largest regeneration area centered on one of London’s major transport hubs. Just over 20 minutes from the city center by road or rail, the £26 billion (HKD 267.25bn) regeneration masterplan for the district will see Old Oak… Source link

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