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China's ZTE first-quarter profit triples; meets estimate

HONG KONG (Reuters) - ZTE Corp, China's second-biggest telecommunications equipment maker, said first-quarter profit matched its estimate after benefiting from the country's introduction of fourth-generation mobile networks. Net profit rose 204 percent to 622.2 million yuan ($100.01 million) in January-March compared with an estimated range of 425 million yuan to 637 million yuan, the Shenzhen-based company said on Thursday. Operating revenue rose 5.5 percent from a year earlier to 19.05 billion yuan.

Hong Kong shares end 0.28% higher

Hong Kong shares closed 0.28 percent higher on Thursday following a third straight rally on Wall Street. The benchmark Hang Seng Index ended up 64.23 points at 22,760.24 on turnover of HK$42.80 billion (US$5.52 billion). The index added to gains the previous day which came after China said growth in the world's number two economy expanded 7.4 percent year-on-year in January-March. While the figure was lower than the 7.7 percent seen in the final three months of last year, it was slightly up on the 7.3 percent median forecast in a survey of 13 economists by AFP.

Hong Kong shares end 0.28% higher

Hong Kong shares closed 0.28 percent higher on Thursday following a third straight rally on Wall Street. The benchmark Hang Seng Index ended up 64.23 points at 22,760.24 on turnover of HK$42.80 billion (US$5.52 billion). In China, the benchmark Shanghai Composite Index slipped 0.30 percent, or 6.24 points, to 2,098.88 on turnover of 74.3 billion yuan ($11.9 billion). The Shenzhen Composite Index, which tracks stocks on China's second exchange, edged up 0.11 percent, or 1.17 points, to 1,086.23 on turnover of 83.0 billion yuan. dan/sm

Hong Kong shares end 0.11% higher

Hong Kong shares edged up 0.11 percent on Wednesday after China released data showing the economy grew slightly more than expected in the first three months of the year. The benchmark Hang Seng Index ended up 24.75 points at 22,696.01 on turnover of HK$54.49 billion (US$7.03 billion). In China the benchmark Shanghai Composite Index gained 0.17 percent, or 3.52 points, to 2,105.12 on turnover of 75.1 billion yuan ($12.1 billion).

China shares down slightly in morning trade

Chinese shares were down slightly in morning trade Wednesday as investors awaited the release later in the day of the economic growth figure for the first quarter, dealers said. The benchmark Shanghai Composite Index edged down 0.11 percent, or 2.30 points, to 2,099.30. The Shenzhen Composite Index, which tracks stocks on China's second exchange, slipped 0.20 percent, or 2.20 points, to 1,083.76. awt/bxs/mtp

Small China developer defies slowdown with $3.3 billion buying spree

By Yimou Lee HONG KONG (Reuters) - A little-known Chinese developer has splurged $3.3 billion on land in the past nine months, outbidding some of the country's largest real estate companies even as property sales slow and home builders scrabble for cash.

China's Huawei 'maintained calm' during NSA hacking reports

SHENZHEN (Reuters) - China's Huawei Technologies Co Ltd "maintained calm" and operated "business as usual" after media reports saying the U.S. accessed servers at the telecom giant's Shenzhen headquarters, acting Chief Executive Eric Xu said on Monday. Earlier this month, the New York Times and Der Spiegel cited documents leaked by former U.S. security contractor Edward Snowden as saying the National Security Agency obtained sensitive data and monitored Huawei executives' communications.

China shares mixed in morning trade

Chinese shares were mixed in morning trade on Friday, with investors looking ahead to the release of manufacturing data next week, dealers said. The benchmark Shanghai Composite Index rose 0.24 percent, or 4.99 points, to 2,051.58. The Shenzhen Composite Index, which tracks stocks on China's second exchange, edged down 0.10 percent, or 1.08 points, to 1,066.24. The government will announce its official purchasing managers' index (PMI) for March on Tuesday. awt/bxs/dan

Hong Kong stocks flat at close

Hong Kong shares ended flat Wednesday as attention turned to the US Federal Reserve's policy meeting later in the day, while traders also kept an eye on the Crimean crisis. The benchmark Hang Seng Index edged down 14.81 points to 21,568.69 on turnover of HK$64.17 billion (US$8.28 billion). In China the benchmark Shanghai Composite Index slipped 0.17 percent, or 3.47 points, to 2,021.73 on turnover of 79.5 billion yuan ($12.8 billion).

China shares higher in morning trade

Chinese shares were higher in morning trade Thursday, but investors were cautious ahead of the release of economic data later in the day, dealers said. The benchmark Shanghai Composite Index rose 0.36 percent, or 7.28 points, to 2,004.97. The Shenzhen Composite Index, which tracks stocks on China's second exchange, gained 0.23 percent, or 2.44 points, to 1,065.23. The government will release industrial output, fixed asset investment and retail sales figures for February in the afternoon. awt/bxs/st
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