Chinese brands are growing at a rapid pace, with some of them getting international recognition, concludes a report by Samsung Economic Research Institute (SERI), citing AOC and Chery as examples.
Hong Kong stocks slid yesterday amid worries that record oil prices could fan inflation risks, damping hopes for more deep interest rate cuts by the US Federal Reserve and depressing rate-sensitive property shares.
Merger and acquisition (M&A) activities will continue to see strong growth in 2008, especially in the local market, analysts said.
Shanghai stock index rose more than 2 percent yesterday, boosted by a late jump in the shares of oil giant PetroChina, the most heavily weighted stock in the index.
Driven by strong growth potential, Chinese brokerages are striving to expand their market presence to fund expansion of more networks and types of businesses as well as to satisfy their hunger for capital.
Hong Kong stocks fell yesterday, as a four-day gaining streak led investors to pocket recent gains, while global lender HSBC Holdings plc sank further amid deteriorating credit markets.
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Raymond Zhou
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Chen Weihua
