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Stocks Blog: Are Hong Kong, China markets ready to keep the rally going?

Happy Friday, traders. Thursday saw some big gains in mainland markets, and Hong Kong had a healthy bounce. Markets were up overnight in the US. Meanwhile, China’s securities regulator is preparing to relax controls on mergers and acquisitions of listed companies that would open the door to backdoor listing on its start-up board of ChiNext. We will keep up on the latest action. If you have questions, please shoot them to deb.price@scmp.com . — Yujing Liu and Deb Price in Hong Kong      Source link

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Huawei’s mobile chief expects self-developed OS to be ready for market roll-out as early as year end

Huawei Technologies, the Chinese smartphone giant facing a US ban that may prevent it from installing Google services on handsets sold in overseas markets, plans to launch its own operating system compatible with Google’s Android, according to Huawei’s mobile business chief executive Richard Yu Chengdong.Huawei’s self-developed OS will be able to support a range of products and systems within its ecosystem, including smartphones, computers, tablets, TVs, automobiles and smart wear, which will… Source link

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China’s biggest banks well prepped on non-performing loans, ready for stricter reporting standard

The latest window guidance, which calls for recognising NPLs at more than 60 days overdue, has only been issued to China’s six biggest banks: Industrial and Commercial Bank of China, Bank of China, China Construction Bank, Agricultural Bank of China, Postal Savings Bank of China and Bank of Communications. Photo: Reuters Source link

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China’s A-share market reforms have begun and investor interest is growing, so get ready to catch the wave

China has the world’s second-largest stock market but foreign ownership amounts to less than 3.5 per cent. Usually, when Hong Kong and foreign investors talk Chinese stocks, they’re not referring to those on the Shanghai and Shenzhen stock exchanges, but companies listed outside the mainland – primarily Hong Kong and New York.Thus, the way the market for Chinese equities has developed since 1990 has been to create an onshore market (currently 3,600 stocks denominated in renminbi, listed in… Source link

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Vietnam 

VN ready to trade in legal timber to EU – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Farmers in the mountainous northern province of Lai Châu plant trees in a local forest. Việt Nam needs to develop a timber legality assurance system to ensure its exports of timber and timber products come from legal sources. VNA/VNS Photo Công Tuyên HÀ NỘI – Starting from June 1, Việt Nam could export only verified legal timber products to the European Union (EU) markets as the Voluntary Partnership Agreement on Forest Law Enforcement, Governance and Trade (VPA/FLECT) would officially enter into force. The Delegation of the EU to Việt…

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Vietnam 

Telecoms firms ready for mobile money service – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    The signs of online payment service providers GrabPay and Momo displayed at a food store on Trần Hưng Đạo Street, Hà Nội. VNS Photo Mai Hương     HÀ NỘI — Telecommunications firms are ready to pilot a mobile money service thanks to their modern technology infrastructure, customers, wide transaction point networks and financial resources. Prime Minister Nguyễn Xuân Phúc has directed the Ministry of Information and Communications in co-ordination with the State Bank of Việt Nam to develop a mobile…

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Singapore 

Ash scattering in ‘Garden of Peace’ at Choa Chu Kang cemetery to be ready in 2020, Singapore News

SINGAPORE – Environmental landscaping and natural greenery will be incorporated into a new ash scattering garden at Choa Chu Kang Cemetery, aptly named “Garden of Peace”, to create an atmosphere of privacy and serenity. There will be separate lanes lined with a bed of pebbles to allow the scattered ash to percolate naturally into the soil underneath. The garden, which will be unveiled in 2020, will include seating areas and will be wheelchair-accessible, allowing families to easily gather, view and participate in the ash scattering process. However, the National Environment…

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Along with climate change come mosquito-borne diseases. Is Hong Kong ready for a public health emergency?

Months after Hong Kong was ranked by Bloomberg as the economy with the world’s most efficient health care, its public health system is caught in a crisis. More than 100 medical staff protested about the manpower crunch and ward overcrowding amid a winter flu surge in January, with many holding placards that sent the desperate message: “Breaking point”. This has been followed by a spike in measles infections since mid-March, and a shortage of vaccines. More alarmingly, the next public health… Source link

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The US is ready for this super cheap urban mobility solution, says Chinese electric scooter maker

Niu Technologies, a maker of high-end electric scooters, will expand into the US market this year as the Beijing-based start-up bets its two-wheelers will catch on outside Asia as a way to help ease urban congestion.Chief executive Li Yan said the company was seeking to broaden earnings contributed from different regions of the world, adding that income from international sales “is still a very small part of our portfolio”.“We are selling in 27 countries compared with 17 countries this time… Source link

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Opportunities coming for those ready to seize them

[Sporsored Article] Economically, there’s never been a more exciting time to be part of the Guangdong-Hong Kong-Macao Greater Bay Area. Comprising nine municipalities within Guangdong Province, plus the Special Administrative Regions of Hong Kong and Macao (known as the 9+2 cities), the Greater Bay Area is both geographically larger and more populous than the world’s other major bay areas, and boasts faster GDP growth, more air traffic, and greater port container-throughput. With the recently… Source link

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