Hong Kong’s benchmark Hang Seng Index was up 1.2%, led by insurance stocks. Markets were likely digesting new measures announced by the China Securities Regulatory Commission to boost investments in the A-share market.
China announced plans on Thursday to channel hundreds of billions of yuan annually into shares from state-owned insurers, in the authorities' latest effort to support equity markets. Authorities will in the first half of this year call on insurers to invest at least 100 billion yuan ($13.
Asian equities were higher, except for Hong Kong and Mainland China, which were off following President Trump’s 10% tariff threat, which prompted profit-taking after six days of gains.
The big moves in Chinese stocks helped lift MSCI's broadest index of Asia-Pacific shares outside Japan up 0.11 per cent, reversing its losses from earlier in the sesion
The Company makes available through the Investor Relations section of its internet website at http://ir.yumchina.com its filings with the HKEX as soon as reasonably practicable after electronically filing such materials with the HKEX. These filings may also be obtained by visiting the HKEX's website at http://www.hkex.com.hk.
HONG KONG (Reuters) - Chinese battery giant CATL has hired banks, including JPMorgan and Bank of America, to work on a Hong Kong listing, in what could be one of the city's largest offerings in 2025, two people with knowledge of the deal said.
HONG KONG -- The historic legislation for Basic Law Article 23, aimed at safeguarding national security and ensuring Hong Kong's stability and development, has topped a list of the ten most significant policies by the Hong Kong Special Administrative Region (HKSAR) government in 2024.
On Monday, Hong Kong-listed growth stocks had a strong day, as the Hang Seng Index gained +1.75% and the Hang Seng Tech Index gained +2.59% following U.S. President Donald Trump and China President Xi Jinping’s Friday phone call that took place after Asia markets closed and before the U.S. markets opened.
US President Donald Trump said he could impose 10% tariffs on Chinese goods from February 1. China's stock markets fell after Trump's comments, breaking several straight days of gains. Trump had said he could slap tariffs of 25% on Canada and Mexico from February 1.
Zijin Mining Group racked up record annual profit after a growth burst that made the Chinese firm as big as global commodities giant Glencore, although it has softened its output targets for this year.
By Rae Wee and Koh Gui Qing SINGAPORE/NEW YORK (Reuters) -Asia shares rose on Thursday, helped by a jump in their Chinese counterparts on Beijing's latest measures to shore up its crumbling stock
Asian stock markets are trading mostly higher on Thursday, supported by positive cues from Wall Street overnight. Gains are led by China, where multiple government departments unveiled medium- and long-term investment plans to boost capital market confidence.