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Jiaxing Li
Reporter, Business
Jiaxing is a business reporter covering markets, finance, and broad business news in the region. Prior to that, she wrote about China's tech sector for the Post. She has a master's degree in Journalism from the University of Hong Kong.
Jiaxing is a business reporter covering markets, finance, and broad business news in the region. Prior to that, she wrote about China's tech sector for the Post. She has a master's degree in Journalism from the University of Hong Kong.
Areas of Expertise:
Markets coverage, financeLanguages Spoken:
Cantonese, English, Mandarin
The CSI 300 Index pared gains after registering a record intraday jump while the Hang Seng Index slumped the most since 2008.
Hong Kong stocks have gained more than 9 per cent since September 30, when the mainland’s markets closed for the ‘golden week’ holiday.
Buyers flock to Lai Sun’s The Parkland in Yuen Long, snapping up nearly all units amid rate cuts and stock market gains, boosting market confidence.
This rally has more legs as many stocks are still trading below their three- and five-year averages, says John Choi of Daiwa Securities.
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A key technical indicator shows the market is massively overbought, signalling an imminent reversal.
Beijing’s stimulus package has boosted Chinese stocks, but some investors missed out on billions in potential gains by selling their shares before the rally.
Stocks jumped for a sixth straight day as gains snowballed to US$3 trillion since Beijing unveiled its biggest stimulus package in this cycle.
Global investors, who have been shorting China, now must scramble to rebalance their portfolios to ‘a more rational level’, analyst says.
Net inflows blow past last year’s total in a buying rush ahead of the ‘golden week’ holiday.
Hong Kong’s commercial property market has buckled under the crushing weight of China’s economic malaise, an exodus of global firms, a supply glut and high interest rates.
The city’s benchmark index advanced 13 per cent this week, the best weekly gain since 1998 in a US$440 billion bull run.
Three-day run brings gains from a recent low point in August to 19.7 per cent, nearing bull market territory.
The market lost some momentum in the afternoon with the realisation that fundamentals may not support a sustainable rally, analysts said.
The measures are unprecedented as they underscore Beijing’s determination to stabilise the market and boost investor confidence, experts say.
The PBOC plans to set up a swap facility that would give financial institutions access to at least US$71 billion in funding to buy shares.
Qiniu, a Chinese cloud service provider backed by Alibaba, is making a third attempt at a Hong Kong initial public offering.
All across Hong Kong – from The Peak to South Island and elsewhere – high-net-worth individuals have found themselves caught in a tight spot between their ritzy, overleveraged properties and a quickly draining pool of liquidity.
Hong Kong stocks jumped as local developers rallied ahead of an expected Fed rate cut, while appliance maker Midea surged on its debut.
Hong Kong stocks reverse earlier losses as weak China data spurs hope for more stimulus from Beijing.
Hong Kong stocks jump for a second day as mainland developers rally on speculation about mortgage-rate cuts.
Mainland investors were net buyers of HK$11.6 billion worth of Alibaba shares since it became an eligible component in the Stock Connect scheme this week.
The company’s telecoms unit Freedom Telecom plans to spend 107 billion tenge (US$236 million) until the end of 2027 on two projects in Kazakhstan.
Hong Kong’s financial secretary said the city is well-positioned to help advance the initiative because it is a global financial centre.
Changes to Stock Connect list trigger another round of sell-offs, pressuring the broader market already struggling near an 8-month low.
Vietnam’s mobile-payments leader is expanding its presence in offline consumption while boosting financial services and merchant solutions.
Hong Kong stocks edged up on an Alibaba rally and strong export data from China, while mainland developers tumbled.
Citigroup lowered its Hang Seng Index target by 3 per cent in a note on Monday, citing weak consumption and corporate earnings outlook.
UOB has only 1 per cent of the trade financing market in the region, leaving a huge room for the bank to build its dominance.
Asean nations attracted more foreign direct investment than China for the first time in a decade last year, according to a report.
