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  • Hong Kong shares slip after US healthcare bill pulled, Kaisa surges

    HONG KONG (NewsRise) -- Hong Kong shares headed for their first decline in three days after the withdrawal of U.S. President Donald Trump's healthcare bill sparked concerns about his ability to deliver on proposed economic policies.The Hang Seng Ind

    March 27, 2017 02:39 pm JST
  • Anne Marion-Bouchacourt

    Chinese state companies must take on competitive mentality

    The reform of state-owned enterprises is an integral part of China's plan to power its next round of economic growth. It ranks in importance alongside ongoing efforts to liberalize the financial system and a broad plan to nurture an innovative busin

    March 27, 2017 01:00 pm JST
  • Company in focus

    China's Lenovo losing bet on mobile phone diversification

    BEIJING/HONG KONG -- Chinese personal computer maker Lenovo Group has put together an impressive streak of acquisitions over the last decade. It took over IBM's PC business. It snapped up German electronics manufacturer Medion, while buying out the

    March 25, 2017 11:00 am JST
  • Investing with Chinese celebrities

    HONG KONG -- Forget corporate earnings and management strategies. Chinese investors have another game plan: Just watch where movie stars are putting their money and follow their lead.This is why Zhao Wei and Stephen Chow, who teamed up for the 2001

    March 25, 2017 09:00 am JST
  • China Mobile, domestic rivals set sights on 5G

    HONG KONG -- China's top three wireless carriers are looking toward beginning fifth-generation service around 2020, with the two smaller players hoping to narrow the gap with leader China Mobile.China Mobile said it will concentrate investment in 5G

    March 25, 2017 04:30 am JST
  • China Life's market share sinks to 20%, from 45% a decade ago

    HONG KONG -- China Life Insurance, the No. 1 player in the fast-expanding Chinese insurance market, is steadily ceding turf to newer rivals emboldened by looser rules on products and investment.Although the state-owned China Life managed to increase

    March 25, 2017 01:45 am JST
  • Dividends luring foreign investors to Hong Kong shares

    HONG KONG -- The market is taking a bullish turn as foreign investors throng to cash-rich shares here, with a massive surprise dividend hike by a state-owned coal miner spurring even more buying during the peak of earnings season.A sense that the U.

    March 25, 2017 01:30 am JST
  • Nikkei Asia300 Index gains on week even as Trump jitters weigh

    HONG KONG (NewsRise) -- Asian stocks managed modest gains this week, helped by advances in heavyweights after earnings, even as uncertainty about U.S. President Donald Trump's economic policies dampened sentiment.The Nikkei Asia300 Index edged 0.02%

    March 24, 2017 10:35 pm JST
  • Indofood profit up 40% in 2016

    JAKARTA -- Indofood Sukses Makmur on Friday said net profit for 2016 increased 40% from a year earlier to 4.1 trillion rupiah ($307 million), thanks to lower raw materials prices.The big Indonesian food-maker, however, warned of rising prices ahead.

    March 24, 2017 04:48 pm JST
  • CNOOC shares rebound on surprise profit

    HONG KONG -- CNOOC shares rebounded sharply here on Friday after the big Chinese oil producer reported a profit for 2016. The market had been expecting a loss.The stock hit a high of 9.28 Hong Kong dollars, up HK$0.390, or 4.38%, from Thursday after

    March 24, 2017 03:06 pm JST
  • Hong Kong shares slip as investors watch US healthcare vote

    HONG KONG (NewsRise) -- Hong Kong shares edged lower as a delayed vote on U.S. President Donald Trump's healthcare bill revived concerns about support for his economic agenda.The Hang Seng Index fell 0.1% to 24,308.63 by midday after rising as much

    March 24, 2017 02:23 pm JST
  • Line between insurance, shadow banking blurs in China

    SHANGHAI China's insurance market is growing by leaps and bounds, thanks in part to interest rate liberalization that has triggered intense competition. But as more and more citizens take out policies, there is concern over where some of their money

    March 24, 2017 01:48 pm JST
  • China's Tencent grabs 830m mobile payment users

    GUANGZHOU -- Chinese internet service giant Tencent Holdings now has more than 800 million people using its mobile payment services, having rapidly expanded by tapping the vast user base of its WeChat messaging app.All kinds of businesses accept Ten

    March 24, 2017 05:07 am JST
  • Sinopec to buy Chevron assets in South Africa, Botswana

    BEIJING -- China Petroleum & Chemical, better known as Sinopec, will pay roughly $900 million for U.S.-based Chevron's businesses in South Africa and Botswana, the Chinese state-owned oil company says.Following the announcement Wednesday, Sinopec's

    March 24, 2017 04:00 am JST
  • Ping An Insurance lifts cash handout to lure investors

    HONG KONG -- Shenzhen-based Ping An Insurance Group joined the string of Chinese companies returning more cash to investors, as low-yielding stocks are increasingly shunned amid rising interest rates.Logging 15.1% year-on-year growth in net profits

    March 24, 2017 01:40 am JST
  • Investors punish China Mobile for paltry dividend hike

    HONG KONG -- China Mobile shares fell sharply here Thursday afternoon on an underwhelming year-end dividend, closing down 3.43% at 87.25 Hong Kong dollars.The cellular carrier finished the morning session at HK$90.20, then announced its 2016 dividen

    March 24, 2017 01:23 am JST
  • Alibaba eyes expansion beyond China

    KUALA LUMPUR -- China's Alibaba Group Holding, the world's largest online transaction company, is looking at developing economies with large, young populations and numerous small enterprises as its next growth engines.Better known for online marketp

    March 24, 2017 12:20 am JST
  • Brazilian meat scare sweeps across Asia

    HONG KONG/SEOUL -- The scandal over tainted meat from Brazil is shaking up Asian markets that have come to depend on the South American country's plentiful exports. Hong Kong, Macau and mainland China have each suspended imports, while South Korean

    March 23, 2017 11:59 pm JST
  • Nikkei Asia300 Index little changed as Trump caution weighs

    HONG KONG (NewsRise) -- Asian stocks were little changed Thursday despite a rebound on Wall Street as markets remained cautious about U.S. President Donald Trump's ability to pass major economic reforms.The Nikkei Asia300 Index was 0.01% higher at 1

    March 23, 2017 09:52 pm JST
  • China Mobile books flat 2016 profit, ups dividend ratio for first time in decade

    HONG KONG (Reuters) -- China's largest telecommunications network operator China Mobile Ltd on Thursday reported a 0.2 percent rise in profit for last year and raised its dividend payout ratio for the first time in a decade.China Mobile is among thr

    March 23, 2017 03:41 pm JST