Hutchison Whampoa, the ports-to-property conglomerate controlled by tycoon Li Ka-shing, posted a 53% jump in first-half profit on Thursday as gains from the sale of its Indian cellphone unit overcame 3G telecoms losses.
China further loosened its capital controls to encourage money to flow out of the country and so tackle the economic problems generated by its record trade surplus. Residents will be permitted for the first time to invest directly in Hong Kong-listed securities under a pilot program to be launched in the northern port city of Tianjin.
No matter how many new investment options we have at our disposal, property remains the classic choice. It's no wonder. Land is something you can see, feel and step on. You can easily understand the value of a good location.
China earned an upgrade to its credit rating on Thursday from Moody's Investors Service to reflect exceptional strength in its external payments, favorable government debt trends and continued progress in economic reform.
U.S. investment firm Harris Associates is looking to sell its 14% stake in apparel firm Giordano International as it is not happy with the company's earnings and dividends, the South China Morning Post reported on Monday.
Hong Kong's bustling streets were noisier than usual over the weekend as a parade of dancing dragons, guitar-strumming rockers and protesters chanting "We want democracy!" marked the 10th anniversary of the former British colony's return to China.
About ten years ago, my editors dubbed me the Bond girl... for all the wrong reasons. It was my coverage of debt capital markets that earned the nickname. Since then, I've had an affection for fixed income markets. Yes, bonds are rather dull and poorly understood but they are frankly one of the most important things you need to know about, in order to make sound financial decisions.
Mainland China is the place to be, right? Not according to Peter Stock. The president and chief investment officer of Stock Investment Management says Hong Kong is a better value -- and he thinks the mainland is a bubble slated to burst. He joined CNBC's Mark Haines to tell "Squawk on the Street" viewers which Hong Kong companies' shares are poised to jump.
Disney reports that it continues to support the struggling Hong Kong Disneyland. Well, now we may know one reason why it's struggling. Just as every Disney movie going back to "Steamboat Willie" probably has been pirated in China, China now has a state-owned amusement park that recently included a mouse character, a woman with black hair surrounded by seven... elves... and pirate music. Not pirated music (well, maybe it was), but pirate music.
Theodore Bigman, a portfolio manager at Morgan Stanley, told CNBC’s “Squawk on the Street” that Asia’s real estate market is strong and rising.
First, Americans started spending more on their pets than their kids. Now we just don't want to be around the children at all! A survey by ModernMom.com found that if moms were given an extra hour of free time every day (which would actually be the only hour of free time they'd have), 36% would use it sleeping, 19% would like to get a manicure or massage, and only 6% would spend that extra hour with the kids.
A couple of weeks back, 'A Fund Affair' talked about investing in Chinese stocks. In particular, the different options open to investors who are thinking of putting money into Chinese markets. Today, we explore another investment avenue: “H” shares – Chinese companies that are listed and traded on the Hang Seng China Enterprises Index.
The global selloff throughout world stock markets triggered by the brief but sharp fall in the Shanghai Composite Index at the end of February has stirred up even more interest in already hot Chinese markets. This week, "A Fund Affair" features AMP Capital's China Growth Fund, which gives the investor rare access to China 'A' shares.
Hong Kong leader Donald Tsang on Sunday won five more years as chief executive in an election the loser called "rigged", but which followed an unprecedented campaign that tested the limits of political openness in China.
Hutchison Whampoa, tycoon Li Ka Shing's ports-to-telecoms flagship, posted a 40% surge in 2006 net profit on Thursday, largely in line with forecasts, on narrowing losses at its third-generation mobile telecoms business and exceptional gains.
Shareholders of Hutchison Telecommunications International have approved the $11.1 billion sale of a controlling stake in India's No. 4 cellular operator to Britain's Vodafone Group.
Cathay Pacific Airways, Asia's third-largest carrier, posted a 24% rise in net profit on Wednesday as earnings were buoyed after it bought rival Dragonair. But volatile fuel pricescurbed the increase.
Business activity in Hong Kong expanded at its sharpest pace since April 2000 in December, propped up by a surge in new orders driven by strong demand from mainland China.