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Hong Kong stocks end 0.24% down

Hong Kong shares fell 0.24 percent on profit-taking Friday at the end of a five-session winning streak, following losses on Wall Street ahead of the release of US jobs data. The benchmark Hang Seng Index shed 55.00 points to end at 22,510.08 on turnover of HK$62.04 billion (US$8.01 billion). The loss is the first for the index since last Thursday, although it managed to add two percent over the week.

HKEx in cooperation talks with mainland China stock exchanges

HONG KONG (Reuters) - Hong Kong Exchanges and Clearing Ltd said it is in talks on cooperation with mainland China stock exchanges, a deal that could allow investors to buy mainland-listed stocks via the Hong Kong exchange. The Hong Kong exchange operator said there was no guarantee such a deal could be reached. HKEx shares had jumped nearly 6 percent on Wednesday, their biggest gain in over a year, on a report on the cooperation talks in the 21st Century Business Herald.

Hong Kong stocks up 0.39% at lunch

Hong Kong stocks were 0.39 percent higher by the break on Wednesday, following a record-breaking lead from Wall Street in response to upbeat US and European manufacturing data. The benchmark Hang Seng Index added 86.89 points to 22,535.43 on turnover of HK$38.30 billion ($4.94 billion). dan/jw

Singapore's OCBC offers $4.95 billion for Wing Hang Bank in bet on China growth

By Saeed Azhar and Eveline Danubrata SINGAPORE (Reuters) - Oversea-Chinese Banking Corp Ltd (OCBC) <OCBC.SI> has offered to pay almost $5 billion for one of Hong Kong's last remaining family-owned banks, in a deal that would give the Singapore lender a much sought-after gateway to the Greater China region.

Hong Kong stocks up 0.95% at lunch

Hong Kong stocks climbed 0.95 percent on Tuesday morning as official data showed Chinese manufacturing activity had picked up in March from an eight-month low. The benchmark Hang Seng Index added 209.52 points to 22,360.58 by the break, on turnover of HK$36.94 billion ($4.76 billion). dan/pj

Hong Kong stocks close 1.06% higher

Hong Kong shares rose 1.06 percent Friday despite losses on Wall Street, while traders look ahead to the release of key data from China, Japan and the United States next week. The benchmark Hang Seng Index added 231.08 points to finish at 22,065.53 on turnover of HK$72.70 billion (US$9.38 billion). US shares ended lower Thursday on mixed economic data. First-time claims for unemployment benefits dropped over the past week, and US fourth-quarter economic growth was revised up. But pending home sales fell to the lowest level since October 2011.

Hong Kong stocks close down 0.24%

Hong Kong shares slipped 0.24 percent on Thursday following losses on Wall Street and as traders remain wary over the Crimean crisis. The benchmark Hang Seng Index lost 53.30 points to finish at 21,834.45 on turnover of HK$88.11 billion (US$11.37 billion). In the United States Wednesday, the Dow fell 0.60 percent, the S&P 500 declined 0.70 percent and the Nasdaq sank 1.43 percent. Investors are keeping an eye on events in Europe after Russia took control of Crimea from Ukraine this month.

Chinese giant Citic list in Hong Kong through local unit

Chinese conglomerate Citic Group, whose businesses span property, resources and banking, plans to shift its vast assets into its Hong Kong-listed unit in a multi-billion-dollar deal that will help it tap overseas investment. The country's largest state-run conglomerate will hand all its shares in Citic Limited -- its operating company with unaudited assets worth about $36.2 billion at the end of last year -- to Hong Kong unit Citic Pacific.

China's ICBC 2013 full-year net profit up 10.2%

The Industrial and Commercial Bank of China, the country's biggest lender by assets, said on Thursday its net profit rose 10.2 percent last year, amid "still-complicated" global economic situation. The bank, a symbol of the nation's financial might, reported in a filing to the Hong Kong Stock Exchange that its 2013 net profit to be 262.97 billion yuan ($42.32 billion), compared to 238.69 billion yuan in 2012.

Chinese giant Citic list in Hong Kong through local unit

Chinese conglomerate Citic Group, whose businesses span property, resources and banking, plans to inject its vast assets into its Hong Kong-listed unit in a multi-billion-dollar deal that will help it tap overseas investment. The country's largest state-run conglomerate will hand all its shares in Citic Limited -- its operating company with unaudited assets worth about $36.2 billion at the end of last year -- to Hong Kong unit Citic Pacific.
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