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Stocks Blog: Mainland, Hong Kong traders search for bargains in stocks battered by trade war

Welcome to a fresh week, traders. It’s been a tough few weeks, what with US President Donald Trump adding tech on the tariff bonfire. China begins slapping duties on US$60 billion worth of US products on June 1 — including rare earths. We’ll be watching related stocks, which shot up last week. We’ll tell you the top action throughout the day. So come back regularly to catch up  with us.  And send questions and feedback to deb.price@scmp.com as we try to beef up our stocks coverage for you… Source link

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Stocks Blog: China markets fall as Trump targets mainland surveillance camera makers

Good morning, traders. China’s surveillance camera sector is now in the Trump spotlight. In addition to Hikvision Digital, which fell yesterday on news reports it was being targeted, Megvii, Zhenjiang Danhua Technology, Meiya Pico and Iflytek could be banned from U.S. components or software, Bloomberg reports. We’ll keep you up on the fallout in markets from the new tech storm added to the tariff tornado, plus the latest on rare earth-linked stocks, which are getting a new boost from… Source link

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Access to audit papers – state secrets – of mainland companies to help Hong Kong regulator’s investigations

Hong Kong’s accounting regulator will get access to audit papers of mainland companies, considered as “state secrets” in a landmark agreement, which will assist in nine ongoing investigations.Under the memorandum of understanding between the Financial Reporting Council (FRC), the regulator for auditors of listed companies in Hong Kong and a unit of China’s Ministry of Finance, the FRC can request the ministry to get access to the auditor’s papers in the mainland to help with its investigations… Source link

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China 

Taiwan helps technology firms pivot production towards Southeast Asia as US tariffs hit mainland

Taiwan, home to many of the world’s leading electronics producers, is helping its manufacturers to expand beyond mainland China as increased US tariffs threaten the global technology supply chain.US President Donald Trump’s decision to increase tariffs on US$200 billion of mainland Chinese imports last week will have convinced any undecided Taiwanese companies of the need to shift some production away from the mainland, Kung Ming-hsin, Taiwanese minister-without-portfolio in charge of economic… Source link

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Stocks Blog: Will US rebound spill over to Hong Kong, mainland markets?

It’s a day to watch markets very closely, traders. US markets rebounded overnight as US President Donald Trump — after roiling global markets with a new round of tariffs on Chinese goods — pointedly said the dialogue continues with China to strike a trade deal and that,  “I think it’s going to turn out extremely well.” How will the latest comments from the unpredictable Trump play out here? That’s the big question, after both Hong Kong and mainland markets posted losses Tuesday amid the… Source link

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Mainland Chinese take a shine to Thai residence scheme for wealthy buyers, entrepreneurs

Thailand’s Elite Residence Programme, which is designed to ­attract entrepreneurs and high-net worth individuals, saw a sharp uptick in interest from mainland Chinese applicants last year, with more than 700 submissions – a rise of nearly seven times in three years.The surge in applications comes as mainlanders face barriers to traditionally favoured immigration destinations such as Australia and Canada, while Thailand has highlighted its temperate climate and elite treatment for qualifying… Source link

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Mainland developer Jiayuan is ‘stuck’ in the build-to-borrow cycle

Mainland developer Jiayuan International was able to secure a credit line worth more than 43 billion yuan (HK$50 billion) to fund expansion, but industry players say the deal only highlights the predicament that forces China’s property firms to keep borrowing.Jiayuan, which co-developed the nano-flat project T Plus in Hong Kong, was granted its line of credit from four institutions, ­Baoshang Bank, Daye Trust, ­Guotong Trust and AVIC Trust.The financing includes private placement notes… Source link

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Global 

China’s belt and road plan helping foreign firms and hurting mainland exporters, say Canton Fair exhibitors

China’s “Belt and Road Initiative” has created unexpected, and often unwanted, challenges for China’s small and medium-sized exporters, according to veteran Chinese traders attending the Canton Fair.While traders pay lip service to the government plan to recreate the Silk Road trading routes to Europe, Africa and the Middle East, some also worry that the initiative is generating new competition for the already embattled export sector.“China’s top leaders went to belt and road countries and… 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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