Issue: March 22, 2006   (Archive)
Sunday, March 29, 2015   

Lender keeps eye on risk as profits jump
Bank of Communications (3328) yesterday said net profit jumped 5.7 percent to 65.85 billion yuan (HK$82.2 billion) beating expectations despite its bad loan ratio rising to 1.25 percent, the highest level since 2010.

Yuan settlement growth tipped to double
Cross-border trade settlement in yuan is expected to climb to more than 50 percent of China's total trade by 2020, more than doubling the current level, Stuart Gulliver, HSBC's group chief executive, said yesterday.

Trading made easier
Hong Kong Exchanges and Clearing (0388) will start enhancing its central clearing and settlement system from Monday to enable investors to settle their trades of A shares through Shanghai-Hong Kong Stock Connect similarly to the way they settle their trades of Hong Kong stocks.

US bull run may persist
An overnight sell-off on Wall Street did not have a big impact on China and local stocks yesterday.

Oil price drop throttles PetroChina profit
PetroChina (0857), the country's biggest oil and gas producer, posted its lowest annual profit in five years as falling crude oil prices squeezed earnings.

Win over China caps perfect day for HK women
Hong Kong beat Asian Games gold medalists China 31-14 to cap an unbeaten run that sent them into the Cup quarter-finals of the Cathay Pacific/ HSBC Hong Kong Women's Sevens tournament.

Shenguan rated `buy'
Shenguan Holdings (0829), a frequent short-seller target, received a surprising "strong buy" rating from Anonymous Analytics.

Agile probe over
Agile Property (3383) said a probe by authorities in southwestern Yunnan province into its projects in the area has been completed and business is normal.

Sing Tao reins in costs
Sing Tao News Corp (1105) saw net profit rise 8.05 percent to HK$114.17 million last year due to cost controls.

BOCHK profit rises
BOC Hong Kong (2388) said net profit last year rose 10.4 percent over the previous year to HK$24.58 billion, boosted by wider net interest margin.

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