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Bank of China chairman resigns

March 17, 2013 12:15
Bank of China chairman Xiao Gang resigned from his post after he was chosen to head China's top securities regulator, reports said late Sunday. Xiao was named the head of the China Securities Regulatory Commission, the country's securities regulator, according to Xinhua, citing the Shanghai Securities News and other financial reports. Bank of China, one of China's "Big Four" lenders, said Xiao resigned "due to the needs of national financial work," in a filing to the Hong Kong stock exchange, without further explanation.

Hong Kong stocks end 0.38% lower

March 15, 2013 06:15
Hong Kong shares ended 0.38 percent lower Friday as early gains were wiped out by profit-taking and concerns over China's economic recovery. Hong Kong's benchmark Hang Seng Index lost 86.07 points to 22,533.11 on turnover of HK$102.78 billion ($13.25 billion). Traders chose to ignore an eighth straight record close for the Dow on Wall Street fuelled by upbeat US jobs data, and despite Beijing finalising its leadership transition with the naming of Li Keqiang as the new premier. That came a after Xi Jinping became the new president of the world's second largest economy.

Hong Kong stocks end 0.28% higher

March 14, 2013 05:45
Hong Kong shares rose 0.28 percent on Thursday, in line with a positive close for Shanghai and reversing earlier losses thanks to bargain-buying. Hong Kong's benchmark Hang Seng Index added 62.53 points to 22,619.18 on turnover of HK$83.06 billion ($10.72 billion). However, it was not enough to wipe out the 2.3 percent losses suffered in the previous two sessions.

China shares suffer 4th straight loss, sinking Hong Kong

March 12, 2013 05:45
* HSI -0.9 pct, H-shares -1.3 pct, CSI300 -1.4 pct * Reported wealth product probe hits mid-sized Chinese banks * China Life falls after clarifying chairman's comments * New World Development up on spinoff plan By Clement Tan

Hong Kong stocks end 0.87% lower

March 12, 2013 04:30
Shares in Hong Kong and Shanghai ended lower on Tuesday as early gains were wiped out by profit-taking and concerns over China's economy following disappointing data at the weekend. Hong Kong's benchmark Hang Seng Index lost 0.87 percent, or 200.22 points, to end at 22,890.60 on turnover of HK$69.14 billion ($8.92 billion). Chinese shares fell 1.04 percent. The benchmark Shanghai Composite Index lost 23.98 points to end at 2,286.61 on turnover of 100.6 billion yuan ($16.2 billion). dan/ac

Hong Kong shares close down 0.9 pct, China Life Insurance slides

March 12, 2013 04:30
HONG KONG, March 12 (Reuters) - Hong Kong shares slipped from a three-week high on Tuesday, hurt by a soft mainland market as weakness in China Life Insurance offset strength in the local property sector after New World Development announced plans for a spinoff listing. The Hang Seng Index closed down 0.9 percent at 22,890.6. The China Enterprises Index of the leading Chinese listings in Hong Kong fell 1.3 percent.

China shares head for 4th daily loss, Hong Kong surrenders early gains

March 12, 2013 02:15
* HSI, H-shares -0.1 pct; CSI300 -0.9 pct * Reported wealth product probe hits mid-sized Chinese banks * China Life falls after clarifying chairman's comments * New World Development up on spinoff plan By Clement Tan

Hong Kong shares may start higher, earnings in focus

March 11, 2013 21:30
HONG KONG, March 12 (Reuters) - Hong Kong shares could start modestly higher on Tuesday, helped by Wall Street gains, with several companies expected to post earnings later in the day. Ajisen, Sino-Ocean land and China Oil and Gas are among companies due to post their 2012 full year earnings later in the day. On Monday, the Hang Seng Index closed flat, surrendering its midday gains. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.4 percent.

Hong Kong shares close flat, hurt by lacklustre China stocks

March 11, 2013 04:30
HONG KONG, March 11 (Reuters) - Hong Kong shares surrendered midday gains to close flat on Monday, weighed down by a lacklustre mainland market after patchy economic data over the weekend spawned doubts about the earnings outlook for Chinese firms. The Hang Seng Index ended flat at 23,090.8, lingering around Friday's closing level, which was its highest since Feb. 20. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.4 percent on Monday.

Hong Kong shares to open up 0.2 pct, Li & Fung rises

March 10, 2013 22:00
HONG KONG, March 11 (Reuters) - Hong Kong shares were set to start higher on Monday, helped by a 2 percent rise for global supply chain manager Li & Fung after a positive U.S. payrolls report late last week. The Hang Seng Index was set to open up 0.2 percent at 23,131.4. The China Enterprises Index of the top Chinese listings in Hong Kong was indicated to start up 0.3 percent.
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