Investor Relations

Updated share price information on listed securities
Investor Relations - South China Morning Post
  1. Oyster sauce tycoon Lee Man-tat, chairman of Lee Kum Kee Group, has died. He was 91.The company said in a statement that Lee died on Monday, surrounded by family members.“Mr. Lee was an inspirational leader with a unique and forward-looking vision. He constantly brought new insight and momentum to the group and successfully transformed Lee Kum Kee into a world-renowned sauce and condiment brand,” the statement added.Lee, whose wealth propelled him to as high as third on the Forbes list of Hong…
  2. China will step up its plans to further open up the financial industry to foreign investments as a means of shoring up its post-coronavirus economic recovery and to also help tackle the prospect of a slow down later in the year.The country must push on with its commitments to open up the banking and insurance sectors, while leveraging both the international and domestic markets, to establish itself as “a popular destination for foreign investment”, the State Council, China’s cabinet, said in an…
  3. Foreign flows to China’s local currency government bond market could balloon to US$400 billion annually, an analysis from the Institute of International Finance (IIF) showed.Central banks were behind 60 per cent of the flows to local currency Chinese government bonds in the first quarter of 2021 as allocation of reserves to Chinese bonds continued to increase, the data showed.While flows to Chinese bonds have continued to rise as the country opens up to foreign investors and its bonds are…
  4. China Evergrande has threatened to take legal action against a local bank after the lender froze some of its deposits onshore to recover a loan, highlighting another episode of market jitters and controversy surrounding the builder’s creditworthiness.The Shenzhen-based developer, the nation’s most-indebted by some yardsticks, is planning to sue China Guangfa Bank for abuse of law, saying its project loan from the bank’s Yixing branch in the southwestern Chinese province of Jiangsu was not due…
  5. Zhang Jindong, the billionaire founder of Chinese retail giant Suning.com, has stepped down as its chairman following the completion of a US$1.4 billion bailout from a consortium led by the Jiangsu government and Chinese tech giants.The company announced his resignation in a filing to the Shenzhen stock exchange on Monday. Zhang, 58, will become honorary chairman, guiding the company’s future development, Suning.com said in a separate filing. He will no longer hold any duties or rights as a…
  6. Ping An Insurance (Group), China’s largest insurer by market capitalisation, plans to acquire stakes in six Raffles City retail and office developments in China from Singapore’s CapitaLand for up to 33 billion yuan (US$5.1 billion).Ping An Life Insurance Company of China, a unit of Ping An, said it will acquire the stakes in Raffles City Shanghai, Raffles City Beijing, Raffles City Ningbo, Raffles City Chengdu, Raffles City Changning (Shanghai) and Raffles City Hangzhou, according to a filing…
  7. China Evergrande’s top bank creditor has reduced its exposure to the nation’s most-indebted developer to assuage its own investors, a sign that local lenders have started to raise their guard against the risk of defaults.China Minsheng Banking Group, a major commercial lender, said its loan exposure to Evergrande has been lowered since September last year following a scrutiny of lending to the developer, it said on the Shanghai Stock Exchange’s investor interaction platform late on Wednesday. …
  8. International asset managers have welcomed a proposal by China’s regulator to enhance listed firms’ environment, social and governance disclosures, but have called for more detailed guidance on ESG reporting.They said that better ESG disclosure would facilitate allocation of more funds to mainland-listed shares as sustainable investing continues to gain traction among investors.“We believe companies would benefit from more detailed guidance [on ESG disclosures], which could refer to recognised…
  9. About one-third of Hong Kong-listed companies will need to appoint at least one woman director by 2025 or face a penalty under a stock exchange proposal to catch up with progress in gender diversity efforts elsewhere. It can expect some strong opposition. The proposal, which forms part of new environment, social and governance (ESG) rules put forth by Hong Kong Exchanges and Clearing (HKEX), also requires all new listing candidates to have at least one woman on their boards at the time of…
  10. Indonesian unicorn Bukalapak has filed confidentially for an initial public offering (IPO) in Jakarta, making it one of the first large technology start-ups to go public in the world’s fourth-most populous country, according to a person familiar with the matter.The Jakarta-based e-commerce player is looking to capitalise on the digitisation of Indonesia’s economy during the coronavirus pandemic. Shoppers and merchants in Indonesia flocked to high-traffic digital platforms, allowing them to keep…