HONG KONG Sep 2 Hong Kong shares could start
the week higher on Monday, after China's upbeat factory activity
data raised hope that a sharp economic slowdown in the world's
second-largest economy may have halted.
China's factory activity expanded at the fastest pace in
more than a year in August with a jump in new orders, official
data showed on Sunday.
On Friday, the Hang Seng Index ended up 0.1 percent
at 21,731.37, while the China Enterprises Index of the
top Chinese listings in Hong Kong fell 0.3 percent.
On the day in Asia, Japan's Nikkei was up 1.1
percent, while South Korea's KOSPI was up 0.2 percent at
FACTORS TO WATCH:
* China will raise subsidies for cleaner forms of
electricity from Sept. 25, the state planning agency said on
Friday, in a move that could help thermal power plants meet the
country's tough new air pollution standards.
* HSBC Holdings will stop offering wealth
management products in Bahrain, Jordan and Lebanon as the
British lender continues to exit small or insufficiently
profitable operations globally as part of a strategic review,
the bank said.
* Guoco Group Ltd swung to a HK$6.3 bln yearly net
profit from a HK$1.3 billion net loss last year.
* Chinese conglomerate Fosun has denied Italian
press reports it was interested in buying into Italian fashion
house Versace, which is mulling the sale of a stake to help fund
* Aluminum Corp of China Ltd (Chalco) ,
the country's top aluminium producer, posted a first-half net
loss of 623.8 million yuan ($101.9 million), hurt by lower
prices and oversupply in the world's top producer and consumer
of the metal.
* Engineering construction company China Railway
Construction Corporation Ltd said its first
half net profit rose 46.6 percent at 4.7 billion yuan.
* China Railway Group Ltd , which is a
leading builder of railways, highways and other big-ticket
projects, said its first half net profit jumped 45.9 percent to
3.5 billion yuan.
* China Eastern Airlines Corp Ltd
, one of China's top three carriers,
said its first half net profit fell 28.2 percent to 621.9
* Liz Milan, head of the London Metal Exchange's Asia
business stepped down this week, Hong Kong Exchanges and
Clearing confirmed on Friday, the latest casualty of a
clean out by the exchange of former LME management.
* Chinese construction equipment maker Sany Heavy Industry
Co Ltd reported a 48.6 fall in its first-half
* China's largest bulk shipper, China COSCO Holdings Co Ltd
, is confident of turning a profit for the
full year of 2013 after reporting a narrower first-half net loss
as the global dry bulk market improves in the second half.