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  • Cosco expects smoother sailing after Hanjin collapse

    HONG KONG -- While the recent demise of South Korea's shipping giant Hanjin has highlighted the deeper woes facing an industry plagued by overcapacity and a slowdown in global trade, Chinese rivals are looking to turn the turmoil to their advantage.

    March 31, 2017 11:53 pm JST
  • Hong Kong stocks clinch third monthly gain on earnings boost

    HONG KONG (NewsRise) -- Hong Kong shares rose for a third straight month as a handful of blue-chip companies posted robust earnings and confidence grew the Federal Reserve will only tighten its policy at a gradual pace.The benchmark Hang Seng Index

    March 31, 2017 07:37 pm JST
  • Hong Kong shares fall on caution as Trump tweets before Xi meeting

    HONG KONG (NewsRise) -- Hong Kong shares were poised for two-week lows after U.S. President Donald Trump said next week's meeting with Chinese President Xi Jinping will be "very difficult," overshadowing upbeat factory numbers for March.The Hang Sen

    March 31, 2017 02:46 pm JST
  • Investors shrug off Li & Fung overhaul, push shares 10% lower

    HONG KONG -- Conglomerate Li & Fung announced it will build a "supply chain of the future" to revive its struggling business but investors reacted negatively to the plan, sending its shares down nearly 10% on Thursday.The trade company, which source

    March 30, 2017 11:20 pm JST
  • Rising China rates, bank dividends drag on Hong Kong stocks

    HONG KONG (NewsRise) -- Hong Kong shares pulled back on Thursday as rising Chinese interbank money market rates and some discontent over dividend payouts by mainland lenders weighed on investor sentiment.The Hang Seng Index dropped 0.4% to 24,301.09

    March 30, 2017 07:42 pm JST
  • Hong Kong shares fall on China policy worries

    HONG KONG (NewsRise) -- Hong Kong shares fell for the first time in three days as concerns about tighter monetary policy weighed on Chinese companies.The Hang Seng Index fell 0.5% to 24,277.76 on Thursday morning after rising as much as 0.2% earlier

    March 30, 2017 02:31 pm JST
  • Editorial: Hong Kong's new chief must address anxieties about political future

    The election committee tasked with choosing Hong Kong's chief executive picked Carrie Lam Cheng Yuet-ngor, who has the backing of the Chinese leadership in Beijing, for the top government job on March 26. John Tsang Chun-wah, one of her contenders a

    March 30, 2017 10:00 am JST
  • Asia's ETFs need to crank up the volume

    HONG KONG Cheaper, quicker to trade and easier to understand. That is the appeal of exchange-traded funds in a nutshell as compared with mutual funds. Combined with advances in data and self-directed investing, they are forcing traditional fund grou

    March 30, 2017 10:00 am JST
  • Hong Kong's polarized society mirrors 30 years of Taiwan's identity struggles

    HONG KONG Carrie Lam Cheng Yuet-ngor will be the first female chief executive of Hong Kong, but there is no fervor like that seen last January when Tsai Ing-wen was elected Taiwan's first female president. Lam not only lacks a mandate due to the ter

    March 30, 2017 10:00 am JST
  • Hurdles abound for Beijing's 'chosen one'

    HONG KONG Just days before Hong Kong's leadership election on March 26, Li Ka-shing, founder of conglomerate CK Hutchison Holdings and Cheung Kong Property Holdings, dropped a hint about his pick. Without naming Carrie Lam Cheng Yuet-ngor, the hugel

    March 30, 2017 10:00 am JST
  • Carrie Lam's shaky mandate to lead a divided Hong Kong

    HONG KONG Despite Carrie Lam Cheng Yuet-ngor's landslide victory in the Hong Kong leadership election, there is little guarantee that the Beijing-backed bureaucrat can be a uniting force for the divided territory during her five-year term.It was to

    March 30, 2017 10:00 am JST
  • Adam Reynolds: 'Open banking' is a golden opportunity for Asian finance

    Getty Images

    With few aspects of the financial industry seemingly immune to the potential impacts of technological innovation, incumbent financial service providers in Asia face a fundamental choice.On the one hand, they can maintain their current full-service b

    March 30, 2017 10:00 am JST
  • Fraser Howie: China's 'bond connect' talk overlooks landmark market opening

    Chinese Premier Li Keqiang has dangled a carrot for Hong Kong markets. At the news conference to close the annual National People's Congress session in Beijing on March 15, he floated a trial proposal to expand the Stock Connect link between Hong Ko

    March 30, 2017 10:00 am JST
  • Excitement grows on news of Tencent-Tesla tie-up

    HONG KONG -- The decision by Chinese internet titan Tencent Holdings to invest in Tesla is generating buzz among excited investors, who see the pair as a match made in heaven amid the rise of the internet of things and self-driving technology.Tencen

    March 30, 2017 05:38 am JST
  • 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 11:00 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