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China’s investors are piling into Hong Kong shares via Stock Connect channel in the longest shopping spree in 18 months

Chinese investors are not abandoning Hong Kong’s stocks, even as Asia’s third-largest equity market endures a double whammy of social upheaval and jitters about a global recession.Mainland traders have been buying the city’s stocks for 21 straight days through Friday via the cross-border investment channel known as the Stock Connect, pouring an aggregate HK$45.3 billion (US$5.8 billion) into equities listing on the Hong Kong stock exchange. That was the longest buying spree since February 2018,… Source link

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Ping An posts biggest jump in interim net profit since 2015, helped by a one-time tax benefit and a stock market rally in China

Ping An Insurance (Group), China’s largest insurer by value, posted the biggest jump in interim net profit since 2015, bolstered by a one-time tax benefit, a stock market rally and growth in its new business units.Net income soared 68 per cent to 97.7 billion yuan in the six months ended June 30, beating the 19 per cent increased expected in a Bloomberg survey of analysts. Revenue rose 17 per cent to 690.25 billion yuan (US$98 billion), while basic earnings per share rose 23.7 per cent to 4.12… Source link

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Shares of Chinese pig-breeder New Hope expected to keep fattening up even after stock has more than doubled this year

The price of New Hope Liuhe’s stock has already soared 151 per cent this year. But analysts say shareholders’ gains on this Chinese pig breeder stand to get even fatter.Analysts predict New Hope’s share price will rise to 23.70 yuan over the next 12 months – or a whopping 30 per cent above its current level. That is the consensus of analysts covering it and tracked by Bloomberg.The Shenzhen-traded stock is also the third best performer on the CSI 300 Index this year, as the spread of African… Source link

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Vietnam 

Post-merger stock exchange headquarters in Hà Nội – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

    The current Ha Noi Stock Exchange. The post-merger stock exchange, Việt Nam Stock Exchange, was expected to be headquartered in Hà Nội under the ownership of the Ministry of Finance. — Photo tinnhanhchungkhoan.vn   HÀ NỘI — The two national stock exchanges will be merged into one single stock exchange and named the Việt Nam Stock Exchange. It will be headquartered in Hà Nội. The information was released during the 36th session of the National Assembly (NA) Standing Committee held from August 12 to 16. It also beat…

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Hong Kong’s stock market has a midsummer’s nightmare as fundraising dries up in worsening trade war and street mayhem

Hong Kong’s stock market is going through its worst summer since 2012, as fundraising activity dwindled to a single initial public offering (IPO) in August, while a worsening US-China trade war and deteriorating civic unrest weighed on sentiments.The number of companies seeking to raise capital this year fell by a third to 88 IPOs, with proceeds plunging by 55.9 per cent to US$10.82 billion, from the same period in 2018, according to Refinitiv’s data. July’s listings halved to 15 companies,… Source link

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Is now a good time to buy Tencent stock? Momentum in online gaming, advertising would suggest so

Tencent Holdings, largely unknown outside China, is the world’s largest gaming company. And last year, for the first time since its listing in 2004, its stock recorded its biggest yearly crash. But its shares have been on the rise in 2019, and with half-year results due on Wednesday, is now the time for investors to buy in?Founded in 1998, it has a market cap of almost US$3 trillion. It runs WeChat, China’s most popular messaging app, and has toes dipped in payment systems as well as… Source link

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Looking for trade war-proof stock ideas? China’s large pharma firms might be good medicine for investors’ portfolios, analysts say

China’s pharmaceutical sector – a growth industry primarily driven by domestic consumption, policy support and reform – is a smart bet for investors at a time when other sectors are being pounded by the protracted US-China trade war and China’s economic slowdown, experts say.Some investors are reluctant to take big risks by putting their money in biotechnology firms that were allowed to list in Hong Kong without any profit or even revenue. Those firms’ drugs can take a decade to get to market… Source link

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Chinese stock exchanges seek public feedback on allowing mainland investors to buy shares in Hong Kong’s dual-class structured companies

Xiaomi, Meituan Dianping and other Hong Kong-listed companies with dual-class share structures are getting a step closer to being accessible to mainland Chinese traders.The Shanghai and Shenzhen stock exchanges on Friday began to seek public feedback on the idea of including companies with weighted-voting rights trading in the city in the stock connect programmes, they said in separate statements on their websites.Nasdaq-style Star Market must show it is more than a casinoThe move would allow… Source link

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Investment 

Hong Kong’s biggest corporate chieftains are better off than shareholders as median executive pay outstrips stock performance

Tencent Holdings, China’s largest games publisher, is now the biggest pay master among Hong Kong-listed companies. From left: Chief Strategy Officer James Mitchell, President Martin Lau Chi-ping, Chairman and CEO Pony Ma Huateng and CFO John Lo Shek-hon during an event on 21 March 2018. Photo: SCMP/Winson Wong Source link

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London Stock Exchange is in talks to acquire the Refinitiv financial data and trading platform in a deal valued at US$27 billion

London Stock Exchange Group is in talks to acquire Refinitiv, the financial data and trading platform provider, in a deal that could be valued at US$27 billion and would add fuel to the bourse’s fastest-growing business.The exchange would issue shares as part of the transaction and Refinitiv holders may receive a stake of approximately 37 per cent, LSE said early Saturday in London in a statement.The effort is the first major strategic move by LSE Chief Executive Officer David Schwimmer, who… Source link

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