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  • Li Ka-shing cashes in a $1.9bn chip amid telecom buyout boom

    HONG KONG -- Telecom assets in Hong Kong have become hot buyout targets for foreign investors -- a trend that has paid off handsomely for tycoon Li Ka-shing. U.S.-based I Squared Capital agreed to pay 14.5 billion Hong Kong dollars ($1.9 billion) fo

    August 1, 2017 11:53 pm JST
  • Nikkei Asia300 index advances as energy producers, insurers gain

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose Tuesday, as gains in crude oil prices prompted an advance in energy stocks and as earnings optimism boosted Chinese insurers. The Nikkei Asia300 Index advanced 0.4% to 1,297.71. H-shar

    August 1, 2017 08:21 pm JST
  • H-shares jump to fuel Hong Kong rally on earnings hopes, China data

    HONG KONG (Nikkei Markets) -- Chinese shares in Hong Kong galloped to their highest level in almost two years Tuesday as robust manufacturing data combined with sanguine earnings expectations to bolster investor confidence.The Hang Seng China Enterp

    August 1, 2017 07:27 pm JST
  • Fraser Howie

    Don't expect much from China bond market openings

    China's central bank has surprised market watchers with a rapid-fire series of moves to liberalize the country's domestic bond market.A market link to allow trading by Hong Kong retail and institutional investors opened on the 20th anniversary of th

    August 1, 2017 04:00 pm JST
  • Chinese financials carry baton as Hong Kong stocks near 26-month highs

    HONG KONG (Nikkei Markets) -- Hong Kong shares headed toward 26-month highs on Tuesday, with Chinese insurers and banks driving gains as earnings expectations gather wind.The Hang Seng Index added 0.7% to 27,524.07 by midday, on course for its highe

    August 1, 2017 02:26 pm JST
  • Unexpected rise in profit send Hang Seng Bank shares up 2.6%

    HONG KONG - Hang Seng Bank, 62% held by global bank HSBC Holdings, said on Monday that its de-risking efforts in China helped shore up the company's financial position and allowed it to hand out more cash dividends.Reporting a 7% year-on-year decrea

    July 31, 2017 11:09 pm JST
  • Nikkei Asia300 index gains as Chinese stocks rally on earnings optimism

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan edged higher on Monday, led by a rally in Chinese companies as investors bet on their earnings.The Nikkei Asia300 Index advanced 0.3% to 1,292.05. Suning Commerce Group jumped 10% in Shenzh

    July 31, 2017 10:15 pm JST
  • Hong Kong stocks rally on HSBC, Tencent to seal seventh monthly gain

    HONG KONG (Nikkei Markets) -- Hong Kong shares on Monday wrapped up a seventh straight monthly advance in style, with earnings expectations providing a further tailwind to a market spurred by cross-border inflows and a benign interest-rate outlook.T

    July 31, 2017 08:39 pm JST
  • HNA faces multiple setbacks in overseas expansion

    HONG KONG -- At least three of Hainan-based HNA Group's outbound deals are in limbo as banks turn cautious against the acquisitive company that has failed to demystify its shareholding structure and financial standing.The listing of its real estate

    July 31, 2017 07:53 pm JST
  • Shenhua Energy shares rebound on strong 1H results

    HONG KONG -- Shares of China Shenhua Energy rebounded in morning trade on the Hong Kong stock market Monday, at one point rising 0.82 Hong Kong dollar, or 4.37%, from Friday's close to HK$19.58 as investors reacted favorably to the company's brisk e

    July 31, 2017 06:36 pm JST
  • China distilleries top Asia food-beverage market cap ranking

    TOKYO/GUANGZHOU -- China's liquor manufacturers lead Asia's food and beverage makers in market cap after retooling their lineups to target ordinary drinkers, spurred by broad investor interest in the fast-growing region's consumer stocks.Shanghai-li

    July 31, 2017 04:01 pm JST
  • Earnings optimism boosts Hong Kong shares back toward 25-month highs

    HONG KONG (Nikkei Markets) -- Hong Kong shares climbed toward a 25-month high Monday amid strengthening expectations over corporate earnings. Heavyweights Tencent Holdings and HSBC Holdings paced gains.The Hang Seng Index rose 0.7% to 27,180.02 by m

    July 31, 2017 02:20 pm JST
  • HSBC's first-half profit rises 5%, beating estimates

    HONG KONG/LONDON (Reuters) -- HSBC Holdings PLC on Monday said profit rose 5 percent in the first half of the year, as Europe's biggest bank reduced operational costs and increased income in its core markets of Britain and Hong Kong.Pretax profit re

    July 31, 2017 01:21 pm JST
  • Hutchison sells HK fixed-line business to I Squared for $1.9 bn

    HONG KONG, July 30 (Reuters) - Hutchison Telecommunications Hong Kong Holdings Ltd said on Sunday it agreed to sell its fixed-line telecoms business to I Squared Capital for about $1.9 billion, raising funds to invest into mobile phone services and

    July 30, 2017 09:27 pm JST
  • Cheung Kong Property clinches deal for German smart-meter company

    HONG KONG -- Billionaire Li Ka-shing's business empire is buying a German energy management company Ista International, looking to increase its footprint in a field it sees as a stable source of revenue.A joint venture between Cheung Kong Property H

    July 29, 2017 12:51 am JST
  • AIA's new CEO pledges to follow predecessor's lead

    HONG KONG -- Ng Keng Hooi, AIA Group's CEO, said Friday that the pan-Asian life insurer is following the expansion strategy bequeathed by his predecessor, Mark Tucker, amid rising concern that the company may not be able to maintain its growth.Posti

    July 28, 2017 11:23 pm JST
  • Nikkei Asia300 index falls on technology stocks, almost erases weekly gains

    HONG KONG (Nikkei Markets) -- Technology stocks led Asian equities outside Japan lower on Friday, wiping off most of the accumulated gains for the week triggered by bets slowing inflation would prompt the U.S. Federal Reserve to hold back further ra

    July 28, 2017 08:52 pm JST
  • Uni-President shares fall on mainland Starbucks sale

    HONG KONG -- Shares in Taiwan retailer and food conglomerate Uni-President Enterprises and its subsidiary President Chain Store fell as much as 3.8% and 9.5% respectively on Friday, following its decision to sell its share of a Chinese joint venture

    July 28, 2017 08:11 pm JST
  • Hong Kong shares rise for third week as interim earnings test looms

    HONG KONG (Nikkei Markets) -- Hong Kong shares fell Friday, but still delivered a third consecutive weekly advance, as investors looked ahead to see whether corporate earnings will justify a rally that had pushed stocks to 25-month highs.The Hang Se

    July 28, 2017 07:42 pm JST
  • AIA, Tencent declines position Hong Kong shares for first loss in five days

    HONG KONG (Nikkei Markets) -- Hong Kong shares headed for their first decline this week, led by technology heavyweight Tencent Holdings and insurer AIA Group, as investors seemed to take a breath after solid recent advances.The Hang Seng Index shed

    July 28, 2017 02:30 pm JST