A refusal to enact measures to build a fully competitive market will lead to stagnation and lack of regulation, Caixin Online writes in an editorial.
The time for China interest rate reform is now
HONG KONG (MarketWatch) -- Hong Kong stocks fell early Thursday as concerns about Chinese economic growth weighed on oil producers and mainland banks, although gains for heavyweight HSBC Holdings PLC and internet major Tencent Holdings Ltd. provided some support. The Hang Seng Index dropped 0.3% to 22,975.71 after opening higher, while the Hang Seng China Enterprises Index lost 1.1% to 10,958.31. China Construction Bank Corp. dropped 1.1% among financials, while shares of Cnooc Ltd. lost 2.4% and PetroChina Co. gave up 1.8%, also weighed by recent declines in oil prices. On the upside, HSBC rose 0.7% a day after it unveiled a cost-savings program. Tencent jumped 4.1% after posting strong quarterly results. China's Shanghai Composite shrank 0.5% to 2,213.81. 9:51 p.m. Today
Hong Kong stocks fall on bank, oil shares; HSBC up
Australia stocks edge up, but miners extend losses