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  • 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
  • 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
  • Soho China shares climb 7% on robust office leasing

    HONG KONG -- Commercial developer Soho China will slow the pace of asset sales after its offices in major mainland cities delivered a 44% jump in rental income that lifted earnings and sent its shares up more than 7% on Thursday.Announcing a 69% ris

    March 23, 2017 11:25 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
  • Hong Kong shares end flat as China Mobile drops, developers gain

    HONG KONG (NewsRise) -- Hong Kong shares ended little changed Thursday as investors digested a handful of earnings reports, with losses for heavyweight stocks such as China Mobile and Tencent Holdings countering gains by AAC Technologies Holdings an

    March 23, 2017 07:52 pm JST
  • Solid earnings push Hong Kong shares higher

    HONG KONG (NewsRise) -- Hong Kong shares headed for their fifth advance in six days, as upbeat corporate earnings lifted sentiment and stocks on Wall Street steadied after Tuesday's tumble.The Hang Seng Index rose 0.4% to 24,406.99 by midday. Ping A

    March 23, 2017 03:06 pm JST
  • China-led AIIB to admit Hong Kong, 12 others as new members

    BEIJING (Kyodo) -- The Asian Infrastructure Investment Bank said Thursday its membership will be expanded to 70, giving the go-ahead to Hong Kong and 12 other applicants to join the China-led multilateral financial institution.It is the first time t

    March 23, 2017 01:37 pm JST
  • Insurance promises Asia much more than peace of mind

    TOKYO Trinh Pham, a 25-year-old office worker in Ho Chi Minh City, vividly remembers the day she decided to join an insurance program."My colleague suddenly passed away three months ago with colorectal cancer," she said. "I felt so sorry for him and

    March 23, 2017 12:00 pm JST
  • Tencent shares open lower after Q4 profit missed estimates

    HONG KONG (Reuters) -- Shares of Tencent Holdings Ltd were 2.75 percent lower at 0140 GMT in Hong Kong on Thursday after the Chinese technology firm's fourth-quarter profit lagged estimates.China's biggest social media and online entertainment compa

    March 23, 2017 11:33 am JST
  • Insurance promises Asia much more than peace of mind

    TOKYO Trinh Pham, a 25-year-old office worker in Ho Chi Minh City, vividly remembers the day she decided to join an insurance program."My colleague suddenly passed away three months ago with colorectal cancer," she said. "I felt so sorry for him and

    March 23, 2017 10:00 am JST
  • Developers still splurge on land despite China property curbs

    HONG KONG -- State-owned developers have turned more cautious about upcoming home sales than their peers in the private sector, after stricter purchasing and loan curbs were rolled out in Beijing and provincial cities in recent days. But the overrid

    March 23, 2017 12:00 am JST
  • CK Hutchison logs 6% profit gain

    HONG KONG -- CK Hutchison Holdings, the flagship of Hong Kong billionaire Li Ka-shing's business empire, saw net profit rise 6% in 2016 to 33 billion Hong Kong dollars ($4.24 billion) on a strong performance by its European mobile phone business.The

    March 22, 2017 11:50 pm JST
  • Hong Kong shares halt rally as Trump trade fades

    HONG KONG (NewsRise) -- Hong Kong shares slid from 19-month highs on Wednesday as growing impatience for U.S. fiscal stimulus and concern the local equity market may be overheating led investors to take profits.Halting a four-day rally, the Hang Sen

    March 22, 2017 08:12 pm JST
  • Tencent Holdings 2016 net profit up 43%

    HONG KONG (Dow Jones) -- Tencent Holdings Ltd. reported a 43% rise in 2016 net profit, thanks to solid revenue growth in mobile games and advertising, highlighting the Chinese internet giant's resilience even as China's economy slows.Tencent, China'

    March 22, 2017 07:13 pm JST
  • Henderson Land shares soar to 20-month high

    HONG KONG -- Shares in Henderson Land Development rose to the highest level in over a year and eight months here on Wednesday morning, at one point rising 1.800 Hong Kong dollars, or 3.78%, from Tuesday's close, to HK$49.300.The share price increase

    March 22, 2017 04:40 pm JST
  • K. Wah International lays out investment plans

    HONG KONG -- A real estate and gambling tycoon here is in high spirits.Lui Che Woo, chairman of property developer K. Wah International Holdings, said on Tuesday that his company will invest more in Hong Kong as well as in major mainland Chinese cit

    March 22, 2017 02:25 pm JST
  • Hong Kong shares slump most this year after tumble on Wall Street

    HONG KONG (NewsRise) -- Hong Kong shares headed for their worst loss since mid-December as doubts clouding U.S. President Donald Trump's economic policies sparked sharp losses on Wall Street.The Hang Seng Index skidded 1.4% to 24,251.14 by midday, s

    March 22, 2017 02:18 pm JST
  • China Resources Beer climbs 5% on signs of upturn

    HONG KONG -- China Resources Beer Holdings' 6% net profit drop in 2016 did not deter eager investors Tuesday, who flocked to the brewery's shares on signs of improvement in the beer business.China's largest brewery said midday that net profit slippe

    March 22, 2017 08:10 am JST
  • Fraser Howie

    China 'bond connect' talk overlooks landmark market opening

    Chinese Premier Li Keqiang has dangled a carrot for Hong Kong markets. At the press 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 K

    March 22, 2017 01:15 am JST