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  • Asian companies muddle through Brexit uncertainty

    TOKYO -- Nine months after it voted in a referendum to leave the European Union, the U.K. on Wednesday formally notified the EU that it is breaking away from the single market. Next up ... at least two years of negotiations toward the exit.A chief c

    March 29, 2017 09:00 pm JST
  • Tencent, China banks lift Hong Kong stocks as developers slip

    HONG KONG (NewsRise) -- Gains by Tencent Holdings and Chinese lenders helped Hong Kong stocks edge higher for a second day, overcoming losses by developers amid speculation authorities may implement new measures to cool property prices.The Hang Seng

    March 29, 2017 07:50 pm JST
  • Macau, Monte Carlo casino operators join up for Japan bid

    HONG KONG -- Macau casino operator Galaxy Entertainment Group will join forces with its associate in Monaco, Societe des Bains de Mer, to pursue casino resort development opportunities in Japan and other new Asia-Pacific markets.Japan's sudden move

    March 29, 2017 04:03 pm JST
  • Hong Kong shares rise as US data boosts sentiment

    HONG KONG (NewsRise) -- Hong Kong shares headed for a second day of gains as positive U.S. economic data steered investor attention further away from the collapse of President Donald Trump's healthcare bill.The Hang Seng Index was up 0.2% by midday

    March 29, 2017 02:52 pm JST
  • Postal Savings Bank of China 2016 net profit up 14% on year

    HONG KONG -- Having pulled off the world's largest initial public offering last year, retail-oriented Postal Savings Bank of China recorded faster profit growth in 2016, thanks to a bigger loan portfolio and lower impairment losses.The state-owned l

    March 29, 2017 12:56 am JST
  • China's largest developer ups sales goal despite tightening

    HONG KONG -- Major property developers in China are set to increase sales as measures to rein in runaway home prices are largely ignored, with many scrambling to grow their market share on the back of fierce competition.China Evergrande Group, China

    March 28, 2017 11:37 pm JST
  • Gaming stocks sparkle as Hong Kong stages rebound

    HONG KONG (NewsRise) -- Hong Kong shares rose on Tuesday as investors looked past the U.S. healthcare bill fiasco toward Donald Trump's tax policies, with optimism over Macau gaming revenues boosting casino operators.The Hang Seng Index rose 0.6% to

    March 28, 2017 07:15 pm JST
  • China's crackdown on corruption may be easing

    HONG KONG -- Chinese President Xi Jinping's anti-corruption and anti-extravagance campaign has forced the country's wealthy to tighten their purse strings, eroding growth in not only China but also other parts of Asia. The region's stock markets, ho

    March 28, 2017 07:00 pm JST
  • Hong Kong shares rebound as focus turns to US tax reforms

    HONG KONG (NewsRise) -- Hong Kong shares rose Tuesday morning as investors returned focus to U.S. President Donald Trump's fiscal policy after his unsuccessful effort to push for a new healthcare law.The Hang Seng Index had risen 0.5% to 24,317.93 b

    March 28, 2017 02:50 pm JST
  • China Vanke buys time with board reshuffle freeze

    HONG KONG -- China Vanke will keep all its board members for the time being despite the expiration of their terms, the real estate giant said during a news conference here Monday.Keeping the current members does not incur any legal problem, Presiden

    March 28, 2017 06:00 am JST
  • Short-seller set to chalk up win after Chinese dairy's crash

    HONG KONG -- China Huishan Dairy Holdings' sudden plunge here Friday, amid reports of cash flow problems and possible fraud, was welcomed by a prominent American short-seller that had called the shares nearly worthless back in December.The stock san

    March 28, 2017 02:25 am JST
  • Secondary listing of China's third largest brokerage to warm tepid Hong Kong market

    HONG KONG -- Guotai Junan Securities, China's third largest brokerage by both operating revenue and assets, might have come to the rescue of Hong Kong's tepid listings market, which has recorded a 63% year-on-year decline in funds raised as of March

    March 28, 2017 12:30 am JST
  • Trump, China policy concerns weigh down Hong Kong stocks

    HONG KONG (NewsRise) -- Hong Kong shares fell past a one-week low as uncertainty over Donald Trump's ability to execute his economic policy agenda and worries about mounting Chinese restrictions on the housing sector sapped risk appetite.The Hang Se

    March 27, 2017 08:02 pm JST
  • Interview

    More tension in Hong Kong than Taiwan due to polarized identity

    HONG KONG -- Carrie Lam Cheng Yuet-ngor, a career bureaucrat-cum-pro-Beijing politician, was elected on March 26 to be the next chief executive of Hong Kong. She will be the first woman to occupy the top job in the territory, but there is no fervor

    March 27, 2017 07:30 pm JST
  • 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
  • Another five years of division for Hong Kong?

    HONG KONG -- It was a moment of cheers and jeers as Carrie Lam Cheng Yuet-ngor was elected on Sunday as Hong Kong's first female leader. Despite her landslide victory, there is little to guarantee that the Beijing-backed chief executive-elect can un

    March 27, 2017 12:18 am JST
  • Keith B. Richburg

    Hong Kong's new chief executive starts on a tightrope

    Carrie Lam Cheng Yuet-ngor, who was elected on Sunday as Hong Kong's fourth chief executive and first female to hold the top position, now faces a series of virtually impossible tasks in her five-year term. Each requires a high-wire balancing act.Th

    March 26, 2017 11:05 pm JST
  • No surprise as Beijing loyalist takes Hong Kong's top job

    HONG KONG -- A circle of Hong Kong notables have picked pro-Beijing loyalist Carrie Lam Cheng Yuet-ngor to be the first female to take the territory's top job on Sunday, despite protests and public criticism about mainland intervention in the electi

    March 26, 2017 03:40 pm 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