Hong Kong fell on weak volume after the U.S. market reversed early gains when the Federal Reserve Board signaled it would not take measures to stimulate the U.S. economy.
Hong Kong followed other Asian markets in opening lower partly due to a lack of positive news on European debt from the G20 meeting. Possible credit tightening pushed stocks lower.
A rebound in U.S. markets helped China and Hong Kong bounce back from huge losses Thursday. Chinese banks rebounded after a surge in lending lifted loan values for the month.
Hong Kong blue chips opened higher, but lost ground as investors retreated ahead of the European finance ministers' meeting and the release of Chinese economic statistics.
Hong Kong's Hang Seng Index dropped below its 50-day moving average as the worsening European debt crisis hit global markets hard. Turnover sank, reflecting investors' caution.
This week's IMF report on risks facing Chinese banks underlines concerns facing China stock investors, but is unlikely to have much effect on stocks prices.
Four commercial deals, including by IT majors Wipro and Infosys, were signed at India-China business forum in Shanghai Friday on the last day of President Pratibha Patil's six-day official visit to China.
India and China need to develop models of economic cooperation which will take into account each other's concerns, President Pratibha Patil said in Shanghai on Monday.
Before G8 and G20 summits in Toronto next month can discuss a proposed global bank tax, Canada, whose banks stood out during the economic meltdown, has mounted an international effort to scuttle the idea. To get the US, India, China and other economies on their side and scuttle the idea, three Canadian ministers have reached Washington, Mumbai and Shanghai.
The Hong Kong market rose sharply due to gains in Hong Kong-listed ADRs in the U.S. on Friday and to optimism Europe would solve its debt crisis at a regional summit on Wednesday.
Strong performances by U.S. markets helped Hong Kong and China stocks extend their rally. However, gains and turnover declined after Monday's big rise.
A strong rise in Asian markets helped Hong Kong and China stocks extend this week's powerful rally on robust turnover. But massive gain could provide mixed signals ahead.
Chinese blue chips found early support at 19,000, news that China's "big four" banks had increased new loans the last two weeks triggered a strong rebound in higher turnover.
News of a European interest rate cut and the decision by Greek leaders not to put the Europe debt solution plan to a vote triggered a sharp rise in the Hong Kong market.
It is forecast that 200 companies will have initial public offerings (IPOs) in Chinese A-share market in 2015 garnering 130 billion yuan ($21 billion), according to a report by Pricewaterhouse Coopers (PwC) on Monday.
The report said the projected average price-to-earning ratio of new listings in Shanghai will be 20 to 40, and at SME board it will be 20 to 40, and at ChiNext board it will be 30 to 40.
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MasterCard Inc is offering traveler's checks for Chinese students headed abroad in cooperation with Transforex (Hong Kong) Investment Consulting Co Ltd and the International Student Identity Card Association, the United States-based card company said in Shanghai on Tuesday.
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China is a vast country with an enormous variety of attractions to see and things to do. Our readers sum up the most famous to help foreign travelers plan their China tours. You're welcome to add to the list.
1. Walk the Great Wall
2. See the giant pandas of Chengdu
3. Experience a Chinese high-speed train ride
4. Visit the Terracotta Warriors
5. Bamboo raft up the Li River
6. Sample a hot pot in Sichuan
7. Cruise the Three Gorges
8. Take in the Shanghai skyline from the Bund
9. Stroll around romantic West Lake
10. Visit the Potala Palace
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If you have further queries, don't hesitate to contact us anytime, anywhere by simply visiting website www.ono-bbb.net, or calling China hotline at 86-021-31397141, 86-
18930833905,86-0791-88167848,86-18970952901 or emailing to tangjie881216@163.com,