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Phillip Chan, Director at Shenyin Wanguo Securities says the recovery in China is heading in the right direction.
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*China insurers slide after HSBC's Ping An stake sale approval. HONG KONG, Feb 4- Hong Kong shares reversed early gains to end lower in choppy Monday trade, as investors took profit on the Chinese insurance sector after mainland regulators approved HSBC's sale of its remaining stake in Ping An Insurance.
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HONG KONG, Feb 4- Hong Kong shares reversed early gains on Monday, as investors took profit on Chinese insurers after mainland regulators approved HSBC's sale of its remaining stake in Ping An Insurance. *Ping An Insurance dropped 2.8 percent to HK $68.90 in an intra-day reversal, but stayed above the HK $59 per share level that HSBC had priced its stake sale.
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HONG KONG, Feb 4- China shares climbed to a successive multi-month high on Monday, helped by strength in coal-related counters as investors welcomed local media reports of a new policy aimed at more sustainable mining practices.
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Phillip Chan, Director at Shenyin Wanguo Securities says the recovery in China is heading in the right direction.
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HONG KONG, Feb 4- Hong Kong shares rose on Monday to linger near 21- month highs, as investors gave further chase to the rally in the Chinese banking sector at the start of the last full week of trading before the Lunar New Year holiday. The China Enterprises Index of the top Chinese listings in Hong Kong rose 0.2 percent.
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Emerson Yip, Greater China Investment Manager at JP Morgan Asset Management says that there will be differentiated performances in the markets as companies start reporting full year results for 2012.
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HONG KONG, Feb 4- Hong Kong shares are set to start the week stronger on Monday, helped by a 2.5 percent jump in Ping An Insurance after China approved the sale of HSBC's remaining stake in the mainland's second-largest insurer. The Hang Seng Index was set to open up 0.6 percent at 23,866.8.
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HONG KONG, Feb 4- Hong Kong shares could start the week higher on Monday, tracking Wall Street gains last Friday after positive U.S. jobs data that solidified expectation of growth.
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BEIJING, Feb 3- Growth in China's increasingly important services sector rose for the fourth straight month in January, though the slim increase added to evidence that the recovery in the world's second-largest economy remains a modest one.
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FRANKFURT, Feb 1- Daimler secured a stake in its partner BAIC Motor ahead of a planned stock offering by the Chinese carmaker, in an effort to catch up with larger German rivals in what could become the biggest market for luxury cars in the world.
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Payment for shares made in cash- HSBC. HONG KONG, Feb 1- China has approved the sale of HSBC's remaining $7.4 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, allowing completion of the biggest equity purchase in the country by a foreign investor.
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HONG KONG, Feb 1- China has approved the sale of HSBC's remaining $7.5 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, giving the green light to the country's biggest inbound M&A deal.
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HONG KONG, Feb 1- China has approved the sale of HSBC's remaining $7.5 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, giving the green light to the country's biggest inbound M&A deal. Ping An announced the approval in a filing on the Shanghai stock exchange just hours before a deadline for a decision.
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BEIJING, Feb 1- China posted a $117.3 billion deficit in its capital and financial account in 2012, preliminary data from the country's foreign exchange regulator showed on Friday, signalling capital outflows amid turbulence in the global economy and financial markets.
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*China brokers, insurers lead afternoon A-share climb. *China property weak on fears of more curbs. HONG KONG, Feb 1- China shares closed out their best week in 15 months, helped by an afternoon surge on Friday that also lifted the Hong Kong market from earlier losses rooted in news an official survey of manufacturing activity in China lagged expectations.
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HONG KONG, Feb 1- Hong Kong shares eked out a gain for the week after an afternoon surge in the mainland Chinese market helped pare Friday losses rooted in how an official survey of manufacturing activity in China lagged expectations.
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*MSCI Asia ex- Japan steady. European markets are likely to inch higher, with financial spreadbetters predicting London's FTSE 100, Paris's CAC-40 and Frankfurt's DAX would open up as much as 0.2 percent.
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HONG KONG, Feb 1- China shares posted their best weekly gain in 15 months, helped by a jump on Friday as investors chased strength in the brokerage and insurance sectors, shrugging off weakness in material plays after an official manufacturing survey lagged expectations.
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*China agricultural stocks lifted by policy signals. HONG KONG, Feb 1- Hong Kong shares extended a retreat from a 21- month high on Friday, dragged down by growth-sensitive stocks after an official survey of manufacturing activity in China disappointed expectations.
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HONG KONG, Feb 1- Hong Kong and China shares slipped on Friday after official data for manufacturing activity in the world's second-largest economy came in below expectations for a nine-month high. The Hang Seng Index was down 0.4 percent at 23,633.8 Points at 0200 GMT, while the China Enterprises Index of the top Chinese listings in Hong Kong fell 0.7 percent.