Issue: February 11, 2009   (Archive)
Tuesday, September 1, 2015   

More market uncertainty seen
China and Hong Kong stocks lost around 13 percent in August, but more uncertainty lies ahead, analysts warned.

China Properties takes 81.9pc tumble
China Properties Investment (0736) plunged 81.9 percent to 24.3 HK cents wiping off HK$4.4 billion from the stock yesterday morning before trading was halted.

Financial firms face up to uncertain futures
China's financial firms are facing challenges, as banks are worried about deteriorating asset quality, while the Tianjin blasts have cast a dark shadow over insurers.

Yuan devaluation to impact on savings
The trend for Hong Kong dollar deposits and yuan savings is likely to be reversed following a 3.6 percent devaluation in the Chinese currency last month.

Macau 2Q GDP plunges 26pc
Macau's economy shrank by more than 26 percent in the second quarter, the sharpest contraction since 2011, as Beijing's anti-corruption drive continued to hammer its gaming business.

Homeowners slashing prices to unload flats
More homeowners are slashing their asking prices to compete for flat buyers amid financial market turmoil and a raft of new units available.

China Merchants profit up 29pc
China Merchants Holdings (International) (0144), the mainland's leading port operator, said interim net profit rose 29.4 percent from a year back to HK$2.78 billion due to growth from ports and overseas greenfield projects.

China cuts downpayment for second home
China is lowering the minimum downpayment requirement for purchases of second homes in most cities to 20 percent from 30 percent, the Ministry of Housing and Urban- Rural Development said, after easing rules on foreign purchases last week.

Ding ding: tram lovers enter the fight
At least 3,000 tram lovers have signed a petition to keep trams on Hong Kong Island and for Des Voeux Road to be a pedestrian-and-tram-only zone.

Li eases fears over growth
China's economy is growing at a "reasonable" pace and, despite growing pressure, the government can handle well the risks the country faces, Premier Li Keqiang said.

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