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ICBC, Bank of China and China Construction Bank hit record highs as falling government bond yields boost the appeal of dividend-paying stocks.
The benchmark gained 1.1 per cent, the most in nearly two weeks, while the turnover on the exchange was 14 per cent below average.
President-elect’s softening stance on the Chinese video app may lead to improvement in US-China ties.
Guidelines affect 409 mainland-listed companies with a combined market value of US$3.8 trillion.
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Statement from China economic conference devoid of concrete details about what stimulus measures government would take next year.
The Foshan-based condiment maker’s board has given the go-ahead for the fundraising plan.
China’s economic work conference is expected to conclude on Thursday.
The Shanghai-based tech firm is selling the shares at a 6.3 per cent discount to bolster GenAI development and outpace rivals.
Investors are hungry for more detailed policy measures after a readout from a Politburo meeting earlier this week hinted at broader stimulus.
Strong policy tone ripples through Chinese assets, with both stocks and bonds rallying while the yuan strengthens.
A rally in Hong Kong stocks lose steam as investors await concrete measures following Beijing’s policy pivot.
China to adopt more proactive fiscal policies and “moderately loose” monetary policies to boost domestic demand, Politburo readout says.
The central economic work conference is likely to maintain a positive tone for macroeconomic policies next year, Citic Securities says.
Increasing the government’s budget or support measures for consumption and the property market would be welcomed by investors.
Stocks retreated from a three-week high as a new round of tech curbs suggests more troubles ahead in US-China trade.
Investors weigh heightened US-China trade tensions versus prospect of additional economic stimulus measures.
‘Staggering’ new low signals ‘chilling risk forecast’ amid a deflationary spiral ‘eerily reminiscent’ of Japan’s long malaise, analyst says.
Biotech firms WuXi Bio and WuXi AppTec soar, while China Mobile slips after making a bid for broadband service provider HKBN.
Sentiment on Hong Kong stocks took a beating this month, with a slew of headwinds for China’s growth outlook.
Stocks struggle to emerge from a slump that has dragged benchmark down more than 15 per cent from this year’s high in October.
Global Investment Summit will run from March 25 to 27 next year.
Industrial profits at large Chinese companies dropped 10 per cent from a year earlier in October.
Listing approvals for China’s onshore-listed companies will be streamlined provided they meet certain criteria, HKEX CEO Bonnie Chan says.
Trump said he would impose an additional 10 per cent tariff on goods from China.
The company, which develops online card and board games, started investing in digital currencies in 2023.
Turnover on the city’s stock market was about 5 per cent lower than the 30-day average.
Quarterly review adds video platform Kuaishou Technology and New Oriental Education & Technology to the Hong Kong benchmark.
Haitong’s shareholders will be able to swap their shares for Guotai Junan stock or receive cash in lieu.
Baidu’s 8.6 per cent slump makes it the benchmark’s worst performer; Alibaba falls 4.4 per cent.
Sentiment has cooled and cautious mood now dominates trading after the previous rally, Shengang Securities analyst says.
