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.» Read More
The 2nd U.S. Circuit Court of Appeals in New York directed two lower court judges on Wednesday to reexamine whether they had the authority to force compliance with court orders freezing accounts in China in light of a U.S. Supreme Court decision limiting federal court jurisdiction over foreign corporations.
HONG KONG, Sept 3- China shares rose to their highest levels for the year on Wednesday, after two surveys showed activity in China's services sector rebounded in August, giving a much needed fillip for an economy struggling to regain momentum.
HONG KONG, Sept 3- China shares rose for a fourth straight day on Wednesday, spurred by two surveys showing activity in China's services sector rebounded in August after a drop in July, pushing the major indexes to multi-month highs. The Hong Kong market followed suit, with its benchmark index scoring the best rise in six weeks.
HONG KONG, Aug 25- China shares slipped on Monday as investors set aside money for coming initial public offerings, while the Hong Kong market also edged lower. The China Enterprises Index of the top Chinese listings in Hong Kong was off 0.1 percent.
*Hong Kong shares flat ahead of major bank earnings. SHANGHAI, Aug 19- China's stock indexes fell slightly by midday on Tuesday due to weakness in the financial sector while Hong Kong shares were mostly flat on investor caution ahead of earnings.
HONG KONG, July 22- Hong Kong's benchmark index reached its highest level in more than seven months early on Tuesday, leading gains in Asia, as recent fund inflows pushed up the territory's blue-chip stocks. Also pushing up the index were moves by investors to cover their short positions in the absence of negative news from China.
BEIJING, July 21- Rattled by falling home prices, some of the wealthiest Chinese are paring their property investments and turning to private equity or overseas holiday homes, a sign of fading hopes that the once red-hot market can bounce back any time soon.
SHANGHAI, June 30- Chinese fund managers said they would raise the proportion of their portfolios invested in stocks over the next three months, marking a bounce from a 21- month low in May as sentiment rose on an expected loosening of liquidity, according to a Reuters poll.
HONG KONG, June 17- Shares in Hong Kong and China fell on Tuesday as investors took profits in banking sectors following a strong rally in the previous two sessions. Sentiment was also dampened by weak data from China. By midday, the Hang Seng Index and the China Enterprises Index of the top Chinese listings in Hong Kong were each off 0.6 percent.
HONG KONG, June 16- Shanghai shares closed at their highest in almost two months on Monday, as gains accelerated in the afternoon after China lowered reserve requirements for some listed banks which boosted their stocks. The CSI300 of the leading Shanghai and Shenzhen A-share listings also gained 0.7 percent, finishing at its highest since April 23.
HONG KONG, June 6- China shares posted their first weekly loss in four, as investors pulled money out of the market while awaiting direction from major economic data in the coming week. China Merchants Bank slid 1.6 percent, Industrial Bank sank 1.2 percent, and China Minsheng Banking Corp fell 0.8 percent.
HONG KONG, May 27- The index for Hong Kong listings of China companies on Tuesday had its biggest loss since May 9, pulled down by weaker Chinese bank stocks. The Hang Seng Index closed down 0.1 percent at 22,944.30 points.
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.
Asian equity markets ended mixed on Friday with investors hesitant to make bets ahead of the U.S. non-farm payrolls report.
SHANGHAI, April 4- The rare and dramatic slide in the yuan exchange rate that has shaken the outlook for the currency is unlikely to last long as trade rebounds and capital inflows resume. That would mark a nearly 4 percent strengthening from the nadir of 6.2370 hit on March 21.
Asian shares were a lackluster sight on Monday, with major indexes across the region registering steep declines.