Month: <span>February 2023</span>
Month: February 2023

Twenty-nine Hong Kong stocks may be added to Southbound trading of Stock Connect – research

The Hang Seng Indexes Company has announced the results of the latest review on the constituent stocks of the Hang Seng Indexes.
Huatai Securities believes that 29 stocks may be added to the Southbound trading of the Mainland – Hong Kong Stock Connect schemes.

Hong Kong local stocks gain on removal of mask mandate from Mar 1

Local cosmetics retailer Sa Sa International is leading the gains with a rise of more than 4%, followed by 3.8% gain in Bosideng International Holdings and 3% rise in Chinese Estates Holdings.
Hong Kong Chief Executive John Lee said that the mask mandate for all locations will be lifted starting from March 1.

Alibaba to merge food delivery platform’s restaurant review service with digital mapper AutoNav – report 

Chinese e-commerce giant Alibaba Group is planning to promote its buy-online, pick-up-in-store business through the merger of the restaurant review service under its food delivery platform with its digital mapper AutoNavi, Chinese news outlet Yicai reported citing a source familiar with the matter.

Fitch raised forecast of China’s 2023 economic growth to 5% from 4.1% 

Fitch Ratings raised its forecast for China’s economic growth in 2023 to 5%, from 4.1% previously, reflecting evidence that consumption and activity are recovering faster than initially anticipated after the authorities moved away from their “dynamic zero Covid-19” policy stance in late 2022.