 |
|
|
 |
|
Stocks on the Chinese mainland fell for a second day as investors speculated the central bank won't ease monetary policy, even as the economy slows and a meeting of European leaders failed to ease concerns about the region's debt crisis.
Hong Kong Exchanges and Clearing Ltd, the world's most valuable exchange operator, said on Thursday it was in detailed talks with the Shanghai and Shenzhen stock exchanges to set up a joint venture company.
Hong Kong stocks gained 76.95 points, or 0.38 percent, at 20,289.03 on Wednesday.
China's stocks closed lower on Wednesday with the benchmark Shanghai Composite Index down 0.26 percent, or 6.91 points, to close at 2,601.26.
Visiting Chinese Vice Premier Li Keqiang pressed a symbolic button to start the issuance of 20 billion yuan ($3.1 billion) of renminbi-denominated treasury bonds in Hong Kong.
Tudou Holdings Ltd, China's second-biggest video website, is attempting a US initial public offering at a 62 percent discount to larger rival Youku.com Inc after equities plunged this month.
One year after the Hong Kong and the mainland monetary authorities further relaxed restrictions on yuan transfers, the city's yuan-denominated bond market has become the talk of the town.
China Minsheng Banking Corp said Tuesday its first-half profits surged 56.98 percent to a record amount due to rising incomes from loans and fees.
Stocks on the Chinese mainland fell, dragging the benchmark index down for the first time in five days on concern the slowdown in the world's second-biggest economy is failing to cool inflation.
Hong Kong stocks lost 48.02 points, or 0.24 percent, to close at 20,212.08 on Tuesday.
China's stocks closed lower on Tuesday with the benchmark Shanghai Composite Index down 0.71 percent, or 18.60 points, to close at 2,608.17.
A $5 billion listing plan by the operator of China's new Beijing-Shanghai bullet train, initially targeted for next year, will be further delayed following last month's deadly train crash, sources told Reuters.
