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  • Jan 30- Alibaba Group Holding Ltd's financial services affiliate is planning an initial public offering that could take place next year, Bloomberg reported. Zhejiang Ant Small& Micro Financial Services Group, which contains Alibaba's Alipay payment processing and financial services arm, has an estimated value of about $50 billion, Bloomberg reported,...

  • BEIJING, Jan 30- China's securities regulator said on Friday it will punish five fund management companies for faulty internal controls that led to insider trading, another move in a Beijing's widening crackdown on Chinese brokerages and fund managers. The China Securities Regulatory Commission named only two of the five: China Asset Management Co Ltd and...

  • Hong Kong shares have biggest weekly loss in 7 weeks Friday, 30 Jan 2015 | 3:13 AM ET

    "The depreciation in the yuan will continue to pile pressure on Hong Kong's market as investors are worried about less capital flows to the local market," said Shi Wenbien, analyst at Yuanta Securities in Shanghai, adding the index faces upside resistance as it is trading far above its 250- day average. Among the most actively traded stocks on Hong Kong's main...

  • China's new tech rules play to local firms' strengths Thursday, 29 Jan 2015 | 11:59 PM ET

    BEIJING/ SAN FRANCISCO, Jan 30- Draft Chinese government regulation would force technology vendors to meet stringent security tests before they can sell to China's banks, an acceleration of efforts to curb the country's reliance on foreign technology that has drawn a sharp response from U.S. business groups. Western companies say the rules have not yet been...

  • China stocks fall on margin trading probe, Hong Kong flat Thursday, 29 Jan 2015 | 11:39 PM ET

    SHANGHAI, Jan 30- China stocks resumed their decline on Friday morning, with investment sentiment dampened by fresh investigations into stock margin trading while Hong Kong shares were subdued. "Sectors like finance, banking and insurance which benefited from an increase in margin trading have been particularly affected by the recent inspection," said Wang...

  • SAN FRANCISCO, Jan 29- Alibaba Group Holding Ltd's underwhelming holiday quarter performance and an escalating war of words with a powerful Chinese industry regulator highlight two major risks to its seemingly fairy-tale ascent: politics and the shift to mobile commerce. Now, Wall Street is cutting back on expectations in part because of fears that Chinese...

  • BEIJING— For years, Alibaba faced complaints it failed to stamp out sales of counterfeit goods on its e-commerce websites. Given the company's expanding role in China's state-dominated economy, "It's not a surprise that Alibaba finds itself under the spotlight in much the same way that many foreign firms have," said analyst Ben Cavender of the China Market...

  • LONDON, Jan 29- Standard Chartered's board will discuss succession planning at a meeting in Washington, D.C., on Thursday, people familiar with the matter said. It was inevitable issues around the succession of Chief Executive Peter Sands would come up, two people familiar with the matter said. The former McKinsey consultant steered Standard Chartered through...

  • SHANGHAI, Jan 29- Chinese banks seeking to profit from the country's stock market frenzy have bought into the recent surge in margin finance, foiling regulatory efforts to reduce debt-fueled speculation and amplifying the risk if the rally turns into a rout. That exposes China's banking system to greater risks, even as lenders struggle with an economic...

  • Hong Kong shares end lower on falls in regional bourses Thursday, 29 Jan 2015 | 3:07 AM ET

    "Investor sentiment was hurt by the falls on mainland markets, and losses in the U.S. led the Hang Seng to fall further," said Sam Chi Yung, strategist at Delta Asia Financial Group in Hong Kong. Among the most actively traded stocks on Hong Kong's main board were Artini China Co Ltd, up 9.2 percent at HK $0.14, China Construction Bank, down 1.6 percent at HK $6.25 and Bank...

  • HONG KONG, Jan 29- China's efforts to raise the global status of its currency are paying dividends, with the yuan breaking into the top five world payment currencies for the first time and offshore trading volumes catching up with those onshore. "Daily trading volume in CNH spot, forward and swap markets have already reached $30 billion, among which $10 billion is...

  • *Stock regulator to inspect 46 firms on margin trading-Xinhua. SHANGHAI, Jan 29- China's stock regulator has launched a fresh probe into brokerages which are lending money to investors to speculate on stocks, amid concerns that the country's share markets are becoming over-leveraged and vulnerable to a crash which could strain the banking system.

  • But by the time she applied to Yale, it was among the U.S. schools investing in more economic diversity among their growing ranks of international students. Guo, 19, is now a Yale sophomore, happily settled among the school's Gothic buildings. With more undergraduates coming from overseas than ever, Yale, Harvard and other schools— with help from the U.S. State...

  • SHANGHAI, Jan 29- China's stock regulator has launched a fresh probe into brokerages which are lending money to investors to speculate on stocks, amid concerns that the country's share markets are becoming over-leveraged and vulnerable to a crash which could strain the banking system. "The inspection belongs to normal regular supervision and should not be...

  • SHANGHAI, Jan 29- China's stock regulator will inspect the stock margin trading business of 46 companies, the official Xinhua news agency said, amid concerns that the country's stock markets are becoming over-leveraged and vulnerable to a crash which could strain the financial system. "The inspection belongs to normal regular supervision and should not be...

  • SHANGHAI, Jan 28- Apple Inc is steering clear of Chinese rival Xiaomi Inc's low-price online strategy, ramping up store openings in China to harness its premium edge and fend off the fast-growing No.3 global smartphone maker. "In the long run Xiaomi is more of a threat to Apple than say Samsung," said Ben Thompson, analyst at Stratechery.com. Instead, Apple plans to...

  • SINGAPORE, Jan 28- Singapore Exchange Ltd's chief executive said on Wednesday he is looking to emulate the much-heralded Stock Connect link between Hong Kong and Shanghai by formally linking together Southeast Asian bourses. He wants a fledgling link between stock broking houses in Singapore, Malaysia and Thailand, known as the Association of Southeast...

  • Hong Kong key index rose on Fed hopes Wednesday, 28 Jan 2015 | 3:13 AM ET

    Jan 28- Hong Kong's key share index rebounded on Wednesday as investors speculated that the Federal Reserve may delay raising interest rates until the second half of the year. Among the most actively traded stocks on Hong Kong's main board were CCT Land Holdings Ltd, unchanged at HK $0.02, Mission Capital Holdings Ltd, up 40.0 percent at HK $0.14 and China...

  • BEIJING, Jan 28- China's Spring Airlines Co Ltd has seen its share price more than double within just six days of listing on the Shanghai stock exchange, making it Asia's most valuable budget carrier. That made the airline worth 15.29 billion yuan, pushing Malaysian low-cost carrier AirAsia Bhd into second place with a market capitalisation of $2.13 billion.

  • China stocks extend slide, Hong Kong edges up Tuesday, 27 Jan 2015 | 11:46 PM ET

    SHANGHAI, Jan 28- China stocks fell on Wednesday on concerns about tighter liquidity and a fresh slide in oil prices, but Hong Kong managed to eke out gains as telecommunications counters climbed. In Hong Kong, the Hang Seng index rose 0.3 percent to 24,889.02 points, buoyed by telecommunications, with industry heavyweight China Mobile rising 1.8 percent.