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A surge in corporate profits in China may just be the positive catalyst global stock markets need as rising bond yields threaten to derail the rally in equities. Having powered its way out of the coronavirus lockdown to become the only major economy in the world to grow last year, China is also seen taking the lead on earnings recovery from the pandemic. ....
China to Focus on Creating Jobs; Hong Kong Overhaul: NPC Update Bloomberg 3/11/2021 (Bloomberg) China’s biggest political gathering of the year came to a close Thursday, with the National People’s Congress approving to overhaul Hong Kong’s electoral system and Premier Li Keqiang vowing to focus on creating jobs. This year’s NPC gathering condensed into half its usual two-week length due to coronavirus restrictions showcased President Xi Jinping’s confidence after China emerged from the pandemic as the only major economy to expand in 2020. Over the past week, the government has laid out ambitious plans to overtake the U.S. in research-and-development investment and shift its capital-intensive growth model toward services and consumer spending. ....
Hong Kong’s Hang Seng Index advanced 1.5% on Tuesday morning Shares of tech and consumer names had plunged last week, weighing on the index A fund manager foresees the index touching 40,000 points after its revamp Potential deletions include a Chinese bank and insurance firm Trade the Hang Seng Index, long or short, with an IG account Hang Seng Index shares on the mend Blue-chip benchmark Hang Seng Index (HSI), the main indicator of Hong Kong’s overall market performance, inched up on Tuesday (09 March) morning following steep losses over the past week. HSI rose 1.5% or 438.14 points to 288,978.97 as of 11:21 SGT. ....
Now you see him: Jack Ma surfaces, giving Alibaba a $58bn boost aljazeera.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aljazeera.com Daily Mail and Mail on Sunday newspapers.
Hong Kong’s original stock market tracker yesterday said it would make no new investments in firms listed by Washington as having links to China’s military as it also recommended Americans to no longer invest in the fund. The announcement is the latest stark illustration of how tensions between the world’s two biggest economies are causing headaches for international firms in Hong Kong, which has long served as China’s gateway to global markets. Outgoing US President Donald Trump in November issued an order banning Americans from investing in Chinese firms deemed to be supplying or supporting the Asian giant’s military. Yesterday, the Tracker Fund ....