Asian equities extended losses into a third session on Wednesday following a selloff on Wall Street overnight and steady Chinese inflation data.» Read More
*Tencent has biggest fall in over a month after U.S. tech shares fall. HONG KONG, July 9- Hong Kong shares fell on Wednesday after U.S. stocks skidded, with Internet giant Tencent the biggest drag, while Chinese markets were knocked off three-week highs as banks fell. The China Enterprises Index of the top Chinese listings in Hong Kong fell 1.1 percent.
Below are key facts and a timeline concerning development of China's yuan payments system. NOVEMBER 2005- China's central bank announces the expansion of the yuan banking business in Hong Kong.
SINGAPORE, July 8- Singapore sovereign investor Temasek Holdings wants to increase its holdings in China's financial services and technology sectors, banking on the long-term growth prospects of the world's second largest economy.
HONG KONG, July 2- China shares finished at two-week highs on Wednesday after rises by shares of big banks helped erase morning losses. Industrial and Commercial Bank of China gained 0.6 percent and Bank of China 0.8 percent, the biggest boosts in Shanghai.
China Construction Bank, Agriculture Bank of China and Bank of China filled the top four positions. Banks in Japan made $64 billion of profit last year, or 7 percent of the global total, followed by banks in Canada, France and Australia, Brazil and Britain, The Banker said.
HONG KONG, June 25- The index of Chinese companies listed in Hong Kong edged down to a one-month closing low on Wednesday, weighed down by China banks and insurers, while the benchmark index remained tepid. The China Enterprises Index of the leading offshore Chinese listings in Hong Kong shed 0.7 percent at 10180.05 points, its lowest since May 27.
HONG KONG, June 25- China shares ended lower on Wednesday, with losses led by financial counters as a wave of new initial public offerings continued to divert money from existing stocks.
HONG KONG, June 25- China shares fell in early trade on Wednesday, weighed down by underperforming financial institutions, while the benchmark index in Hong Kong eked out slim gains. The China Enterprises Index of the top Chinese listings in Hong Kong fell 0.4 percent.
"There are so many NPLs in China, there's a lot of room for information asymmetry, where assets get written off that actually have some value," said Benjamin Fanger, founder of Shoreline Capital, a Guangdong- based firm specialising in distressed debt investment in China since 2004..
*China keen to put rights row behind it. LONDON, June 17- A $20 billion liquefied natural gas deal and a move to strengthen London's position in offshore yuan trading will crown a visit by Chinese Premier Li Keqiang to Britain on Tuesday.
HONG KONG, June 17- China shares fell on Tuesday after data showed the amount of new foreign direct investment that China attracted in May shrank by the most in 16 months. Industrial and Commercial Bank of China shed 1.3 percent and smaller Industrial Bank slumped 1.5 percent.
HONG KONG, June 13- The index of Chinese companies listed in Hong Kong posted its 5th consecutive weekly gain on Friday, its longest winning streak since early 2012, lifted by bank shares.
HONG KONG/ QINGDAO, China/ SYDNEY, June 13- The trail that led investigators to a suspected metal financing scam at China's Qingdao port which has spooked Western banks and hit global metals prices began with a Communist Party corruption probe 1,000 miles away in the old Silk Road city of Xining.
HONG KONG, June 13- Shares in China and Hong Kong rose on Friday, led by strong gains in the banking sector after data showed China's new bank lending and money supply rose faster than expected in May, adding to hopes that the economy was stabilising.
Asian equity markets were mixed on Wednesday with momentum subdued following a lackluster session on Wall Street.
Asia stocks ended mostly higher on Tuesday following a pick up in Chinese consumer inflation, but Japanese shares fell on profit-taking.
HONG KONG, June 10- China shares posted their best gains in almost a month on Tuesday, led by strong gains in financial counters after China detailed which banks would benefit from a recently promised cut of required reserves ratios. On May 30, China said there would be cuts in reserve requirements for some banks.
HONG KONG/ Shanghai, June 10- China shares ended a choppy morning trade up on Tuesday, led by strong gains in financial counters after China detailed which banks would benefit from a recent cut of required reserves ratios.
Asian stocks kicked off the week with gains following positive data releases from the region's two biggest economies and a strong U.S. lead.
HONG KONG, June 9- China shares ended barely changed on Monday, with gains in property and finance counters largely offset by losses for a few index heavyweights. Among the top index boosts in Shanghai, Poly Real Estate Group climbed 4.1 percent, while top Chinese lender Industrial and Commercial Bank of China gained 1.4 percent.