China's economy may be slowing, but the number of high net worth individuals (HNWI) continue to balloon, doubling between 2010 and 2014.» Read More
SHANGHAI, May 11- China's banks are facing their toughest year since the onset of the global financial crisis in 2009, with interest rate cuts and liberalization of the deposit rate system eating into their profit margins. The People's Bank of China cut interest rates for the third time in six months on Sunday in a bid to lower companies' borrowing costs, while...
"We continue to expect more monetary easing for a variety of reasons, and the trade data offers further support for this," Oliver Barron, analyst at China- focused investment bank NSBO said in a note to clients. China's CSI300 banking index jumped over 3 percent, led by a 10 percent rise for China Merchants Bank Co Ltd, after the lender announced fundraising and stock...
In Hong Kong, the benchmark Hang Seng Index is on track to rise for an eighth consecutive session on hopes of fresh money inflows, while bargain hunters also pushed Shanghai's dollar-denominated B share index up more than 9 percent for the second trading day. "More stimulus measures are needed in the future," said Nie Wen, a strategist at Hwabao Trust in Shanghai.
SHANGHAI, April 8- Later this year the IMF might include the Chinese yuan in its official basket of reserve currencies, a political and economic triumph for Beijing in the teeth of U.S. opposition, but slowing growth in China is likely to limit the impact of the victory. That in turn should lower transaction costs, exchange risk and borrowing costs for China, already...
BEIJING, Jan 19- China's central bank and commercial banks bought the most yuan in seven years in December at around $19 billion, a Reuters calculation of data showed, suggesting some capital is leaving the world's second-largest economy as its growth slows. China's central bank and commercial banks sold 118.4 billion yuan worth of foreign exchange on a net...
Asian stock markets rallied on Thursday on the back of strong U.S. data, with China's benchmark index leading the gains.
*Hong Kong tracks bullish mainland market. SHANGHAI, Dec 4- China and Hong Kong shares rose on Thursday led by financials, as the market's bullish rally on expectations of further economic stimulus measures showed no signs of losing steam. Banking and brokerage shares remained the biggest supports for the market, with China Merchants Bank up more than 8 percent...
Asian equities rose on Tuesday, with Shanghai and Japanese stocks closing at multi-year highs on hopes of Chinese stimulus and as investors dismissed Japan's rating downgrade.
Chinese stocks staged a late rally on Tuesday as speculation of more stimulus from the country's central bank helped to drive shares higher.
The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 3.7 percent to 2,923.94, its largest daily rise since July 2013, while the Shanghai Composite Index gained 3.1 percent to 2,763.54 points, its best day since Sept 2013. Brokerages such as Guoyuan Securities Co Ltd, Hong Yuan Securities Co Ltd, Western Securities Co Ltd and Founder...
Japan's economy is in the spotlight in Asia's business calendar this week as investors look to a suite of economic indicators for signs of recovery following a sales tax hike earlier this year.
JPMorgan has picked David Li, formerly of UBS, to head its China business, which has been rocked by a probe into its hiring practices in the region.
Asian stocks were mixed on Tuesday with risk appetite dealt a triple blow over developments in Iraq, Ukraine and Argentina.
Asian equities turned mixed on Friday amid concerns about violence in Iraq and signs of improving economic activity from China.
Asian equities were mixed on Wednesday as investors looked ahead to key risk events this week.
Asian stock markets lost ground on Monday as concerns about a slowdown in China offset Friday's positive lead from Wall Street.
Asian shares were mixed on Friday in quiet trade with many regional markets shut for the Easter holidays, except for Japan, China and South Korea.
Asian equities were mixed on Tuesday after data showed money supply in the world's second largest economy grew its weakest pace in more than decade.
Asian stocks ended higher on Thursday, with mainland shares outperforming, as investors shrugged off disappointing Chinese trade figures.
Japan's benchmark index extended losses on Wednesday but the rest of Asian shares rose following a recovery on Wall Street overnight.