Ping An Insurance (Group) Co Of China Ltd
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HSBC is expected to announce a near $23 billion annual profit, with cost-cutting and restructuring ahead of schedule as Europe's biggest bank seeks to consign its U.S. troubles to the past.
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Asian shares ended mostly lower on Friday, tracking overnight weakness in global equities after several Fed officials expressed concerns about continuing to expand stimulative bond buying. But, Japanese stocks surged as the market played catch-up with the region on its first trading day of 2013.
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*Hopson Development jumps, Citi upgrade helps. HONG KONG, Jan 4- Hong Kong shares ended their best week in six on a weaker note, as investors on Friday took profit on outperformers in the past two days after the U.S. Reticence in the latest Fed minutes about further growing its $2.9 trillion balance sheet could limit capital flows.
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*China insurers sink in HK, rise in Shanghai. HONG KONG, Jan 4- Hong Kong shares slipped from a 19- month high as investors took profits on outperformers in the past two days after the U.S. Fed reticence about further growing its $2.9 trillion balance sheet could limit capital flows.
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HONG KONG, Dec 31- Mainland Chinese shares climbed to a six-month closing high on Monday, helping Hong Kong cut early losses as the onshore market closed out a first annual gain in three years helped by strength in brokerages and insurers.
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HONG KONG, Dec 18- American International Group Inc raised $6.45 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer started nearly 100 years ago.
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HONG KONG, Dec 18- American International Group Inc raised $6.45 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer started nearly 100 years ago.
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*AIG offers AIA shares in range of HK $29.65- HK $30.65- sources. HONG KONG, Dec 17- American International Group Inc may raise as much as $6.5 billion from the sale of its remaining stake in AIA Group Ltd in Asia's second-largest block sale ever, exiting a business the U.S. insurer helped found nearly 100 years ago.
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Asian shares were mixed on Friday with a pick-up in China's manufacturing sector lending support but worries over the progress of U.S. budget talks to avert the "fiscal cliff" weighing on investor sentiment.
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*Longyuan, Baoxin Auto tumble after share placements. Hong Kong markets were lifted to a 16- month high, after a manufacturing survey by HSBC raised hopes for a stronger recovery in the world's second-largest economy. The China Enterprises Index of the top Chinese listings in Hong Kong jumped 1.5 percent on Friday and 3.6 percent this week.
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HONG KONG, Dec 14- Hong Kong shares closed at their highest in more than 16 months on Friday, posting a fourth-straight weekly gain, helped by resurgent mainland Chinese stocks fuelled by speculation of fresh state-backed buying in onshore markets.
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Hong Kong stocks were lifted to a 16- month high, helped by the 14- month high for the HSBC flash purchasing managers' index for December, announced shortly after markets opened. The China Enterprises Index of the top Chinese listings in Hong Kong climbed 1.4 percent.
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As more people in China get wealthier, many are looking for ways to better protect their health and belongings. CNBC's Eunice Yoon takes a look at the state of insurance in China.
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*HSBC rises on Ping An stake sale. *Nokia rallies on China tie up. LONDON, Dec 5- European shares edged away from 2012 highs by midday on Wednesday, after weak services data in Europe took some of the gloss off comments from China overnight which had boosted optimism on growth.
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Asian shares hit a 16-month high on Wednesday, led by surging Chinese equities on hopes for stable growth, but concerns over whether U.S. lawmakers can break a budget impasse before year-end to avert a possible economic slump kept optimism in check.
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*Ping An Insurance jumps after HSBC finalizes stake sale. HONG KONG, Dec 5- Chinese shares had their best day in three months on Wednesday, lifting Hong Kong to its highest since August 2011 after comments by the new head of the Communist Party about the government's economic priorities boosted optimism.
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HONG KONG, Dec 5- Hong Kong shares soared to their highest since August 2011 on Wednesday, buoyed by a resurgent mainland Chinese market after comments from the new Communist Party chief reassured investors of the country's economic agenda. In the mainland, the CSI300 of the top Shanghai and Shenzhen listings soared 3.6 percent.
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LONDON, Dec 5- European stocks rose early on Wednesday, tracking gains overnight in Asia and approaching fresh 2012 highs, after comments from China's new leader boosted global growth expectations and fuelled a rally in commodity stocks. "There was positive news out of China as well as Ping An sale confirmed by HSBC.
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HONG KONG, Dec 5- A group linked to Thailand's richest man, Dhanin Chearavanont, has bought global bank HSBC's entire stake in China's Ping An Insurance for $9.38 billion, with China Development Bank backing Asia's second-largest deal this year. "I'm not sure what CP Group would do with the stake though.
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*Ping An Insurance jumps after HSBC finalizes stake sale. HONG KONG, Dec 5- Onshore China shares jumped on Wednesday, boosting stocks in Hong Kong, as investors cheered comments from new Communist Party chief Xi Jinping that buoyed hopes for an economic recovery.
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A group linked to Thailand's richest man, Dhanin Chearavanont, has bought global bank HSBC's entire stake in China's Ping An Insurance for $9.38 billion.