Hong Kong shares up on Beijing stimulus hopes [Reuters]
CHINA MOBILE (CHL)
US:NYSE Investor Relations:
chinamobileltd.com/en/ir/reports.php
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Source: Reuters
Hong Kong shares up on Beijing stimulus hopes | Reuters Reuters Staff 3 Min Read Aug 21 (Reuters) - Hong Kong stocks rose on Tuesday as the yuan stabilized and investors expect Beijing to further relax its policies to counter the impact of Sino-U.S. trade frictions. ** The Hang Seng index rose 0.6 percent, to 27,752.79, while the China Enterprises Index gained 1.0 percent, to 10,737.63 points. ** China is likely to cut banks’ risk weighting for local government bonds from 20 percent to zero in the near term to attract funding for the bonds, the state-run China Securities Journal reported on Tuesday. The move, if confirmed, would make it easier for local governments to raise money for infrastructure investment. ** Gao Ting, head of China Strategy, UBS Securities, said Beijing may further ease policies to support economic growth, while preventing the yuan from sliding further amid renewed trade talks with Washington. ** The sub-index of the Hang Seng tracking energy shares rose 1.2 perc
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