Hong Kong stocks tracked regional gains to rise 1.6 percent yesterday, with Chinese oil giants Sinopec and PetroChina leading the climb on speculation the government could step in to help refiners trim losses.
By redefining the rules of competition in local markets, companies from China and other emerging markets are putting the expansion plans of many global industry leaders at risk, a report said.
PICC Property & Casualty Co, China's largest non-life insurer, fell the most in a month in Hong Kong trading after posting a second-half loss on higher expenses.
Once unpopular wealth management products with a lower degree of investment risk are gaining popularity in the face of bearish domestic and global equity markets.
Shanghai's main stock index sank to a fresh 12-month low in early trade yesterday, dragged down by property shares, but a rebound in the mining and non-ferrous metals sectors helped the market close higher.
Nike Inc's chief executive officer Mark Parker knows how demanding Olympic athletes can be.
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Raymond Zhou
Op Rana
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Huang Xiangyang
Chen Weihua
