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Hang Seng Index stood at 24,971 at morning's close, up 116 pts or 0.5%. Hang Seng China Enterprises Index rose 183 pts or 1.5% further to 12,490. Market turnover equaled $85.823 billion. As AIG was said to have sold 254 million PICC P&C (02328.HK)    -0.500 (-3.165%)     Short selling $62.65M; Ratio 1.255%    shares to cashed in up to nearly $3.9 billion, PICC P&C's share price tumbled 3.2% to $15.3, becoming the weakest HSCEI constituent. After a surge of nearly 8%, HKEX (00388.HK)    -2.100 (-1.088%)     Short selling $88.84M; Ratio 2.866%    once rose more than 4% earlier this moring and edged up 0.4% to $193.7 at midday, on turnover of $3.1 billion. TENCENT (00700.HK)    +2.700 (+1.866%)     Short selling $176.48M; Ratio 8.705%    advanced 1.9% to $147.4. HSBC HOLDINGS (00005.HK)    -0.250 (-0.373%)     Short selling $4.56M; Ratio 0.830%    fell 0.4% to $66.7. CHINA MOBILE (00941.HK)    +0.900 (+0.896%)     Short selling $70.57M; Ratio 8.123%    moun

In a market strategy report, Morgan Stanley expected HKEX (00388.HK)    +14.200 (+7.942%)    Short selling $107.73M; Ratio 3.192%   's share price will rise within the next 30 days as it can benefit from the mutual connectivity of the markets in Mainland and Hong Kong, and the rising trading volume. The broker said as announced by the CSRC that public funds can participate in Shanghai-Hong Kong Stock Connect, so it is expected that there will be more capital and derivatives platform news to come out in the coming few months, which will help broaden the Stock Connect program. The broker rated HKEX at Overweight with target price set at $225.

The Ministry of Land and Resources (MOLAR) and the Ministry of Housing and Urban-Rural Development (MOHURD) rolled out the measures for supporting the industry's stable and healthy development, triggering a surge of 2% in A-share real estate sector. H-share China property stocks also outperformed. In particular, BJ CAPITAL LAND (02868.HK)    +0.210 (+4.895%)    Short selling $411.78K; Ratio 1.650%   hit over 7-year high at $4.54 and last traded at $4.5, up almost 5%. SHENZHEN INVEST (00604.HK)    +0.200 (+8.065%)    Short selling $7.24M; Ratio 5.315%   peaked at $2.7, setting over 7-month high, and last stood at $2.66, up 7.2%, with volume soaring to 40.15 million shares. FRANSHION PPT (00817.HK)    +0.140 (+6.699%)    Short selling $17.52M; Ratio 28.884%   rebounded 6.7% to $2.23, on volume of 16.32 million shares. POLY PROPERTY (00119.HK)    +0.210 (+5.932%)    Short selling $2.82M; Ratio 1.948%   reclaimed the 50MA ($3.62) and last lifted 6.5% to $3.

BOC HONG KONG (02388.HK)    +0.450 (+1.670%)    Short selling $19.97M; Ratio 8.966%   announced the annual results for the year ended 2014. Total operating income inched up 7.79% year-on-year to $53.45 billion. Net profit recorded an annualized 10.45% growth to $24.58 billion, with EPS amounting to $2.3246. Final dividend rose 11 cents over the previous year to 57.5 cents. During the period, net interest income mounted 14.34% from a year earlier to $31.92 billion, while net interest margin widened to 1.72%, up 4 ppts as compared with the corresponding period of last year. Net fee and commission income grew by 12.91% to $10.12 billion. Net insurance premium income receded 16.5% yearly to $7.66 billion. During the period, capital adequacy position was further strengthened. The total capital ratio was 17.51% while the Tier 1 capital ratio was 12.38%. Average liquidity ratio equaled 42.17%, up 4.24 pts.

HUTCHISON (00013.HK)    +2.100 (+2.027%)    Short selling $67.78M; Ratio 13.815%   's entering into the formal agreement in regard to the acquisition of the UK mobile telecom operator O2 is believed to be a positive step for the company, JP Morgan said in a report. Given that the transaction is still pending the approval from the regulatory authority (may take at least one year) and the synergy effect will not be seen immediately, so the deal will not push up HUTCHISON's share price remarkably in the short term.  

                                                                 SHCI, SZCI gain over 7% cumulatively this week Shanghai Composite Index and Shenzhen Component Index reached nearly 7-year high and 4-year high today and eventually finished at 3,617 and 12,544, rising almost 1% further and rebounding 0.9% respectively. Shenzhen A-share Index and ChiNext Index both advanced nearly 1.4% to 1,937 and 2,213. Turnover of the two markets increased to RMB651.7 billion and RMB513.5 billion (RMB1.1652 trillion in total). For a weekly summary, the SHCI and SZCI soared more than 7% cumulatively, recording gains for a second week. 

TENCENT (00700.HK)    +9.100 (+6.696%)    Short selling $1.12B; Ratio 12.478%   's results turned out in line with expectations with an increased dividend distribution and got a lift in target price by brokers. The stock reached a new high toady, with gains expanding to 3.2%, last standing at $140.3, on volume of 36.54 million shares. BNP Paribas, UBS and Credit Suisse all raised the stock's target price to 160, while Bank of America Merrill Lynch hiked its target price to $155.

According to the latest labour force statistics (i.e. provisional figures for December 2014 - February 2015) released today (March 17) by the Census and Statistics Department (C&SD), the seasonally adjusted unemployment rate stood at 3.3% in December 2014 - February 2015, same as that in November 2014 - January 2015. The underemployment rate decreased from 1.6% in November 2014 - January 2015 to 1.5% in December 2014 - February 2015. Comparing December 2014 - February 2015 with November 2014 - January 2015, movements in the unemployment rate (not seasonally adjusted) in various industry sectors varied. Increases were mainly observed in the arts, entertainment and recreation sector and the repair, laundry, domestic and other personal service activities sector, while decreases were mainly seen in the information and communications sector and the foundation and superstructure works of the construction sector. As to the underemployment rate, decreases were mainly observed in the const

                                              SHCI, SZCI touch new high, up 2.3%-2.6% Shanghai and Shenzhen stock markets closed higher today. Shanghai Composite Index and Shenzhen Component Index extended last week's uptrend and reached over 5.5-year high and 3.5-year high respectively before ending at 3,449 and 12,017, up nearly 2.3% and 2.6%. Turnover of the two markets surged 28% and 45% to RMB479.3 billion and RMB432.3 billion (RMB911.6 billion in aggregate). 

DBS noted that China new loans in February amounted to RMB1.02 trillion, much higher than consensus of RMB750 billion. During the period, the growth momentum was the mid and long-term enterprise loans. It was believed the loans were driven by the "One Belt One Road" development. DBS quoted from the governor of People's Bank of China(PBOC) Zhou Xiaochuan that PBOC may remove the deposit-rate cap in 2015. In fact, PBOC has ordered some small and medium-sized banks to lower interest rates. DBS believed the required reserve ratio cut can relax the liquidity and prepare for liberalization of interest rate. DBS expected there is a revaluation potential and a growth on book value for Chinese banks. CM BANK (03968.HK)    +0.700 (+3.986%)      Short selling $70.19M; Ratio 6.491%     and CCB (00939.HK)    +0.050 (+0.796%)      Short selling $94.74M; Ratio 6.103%     will be DBS's top picks.

Shanghai Composite Index and Shenzhen Component Index headed toward different directions, with the former hitting the high/low at 3,309/3,277 and closing at 3,286, down 0.5%, while the latter ending the day session at 11,556, with a gain of 0.2% after reaching the high/low at 11,649/11,479. ChiNext Index peaked at 2,048 after midday and closed at 2,045, up 2.6%. Turnover of the Shanghai and Shenzhen markets amounted to RMB329.9 billion and RMB322 billion respectively. A+H shares mostly retreated. In addition, banks and insurers weakened across the board, posting an overall decline of more than 1%-2.5%. In contrast, Shanghai Pharmaceuticals (601607.SH) surged by the daily limit in trading to $21.01 and China Southern Airlines (600029.SH) jumped 5%.

 SITC(01308.HK) annual net profit up 7.36% SITC (01308.HK)    -0.010 (-0.229%)    Short selling $34.55K; Ratio 0.342%   announced the annual results for the year ended December 2014. The company's net profit rose 7.36% yearly to US$121 million. EPS equaled US$4.67. Final dividend dropped to HK12 cents, against HK15 cents in the same period of last year. Meanwhile, turnover rose 8.65% yearly to US$1.377 billion. Gross profit lifted 16.16% from a year ago to US$166 million.(Quote is delayed for at least 15 mins.Short Selling Data as at 2015-03-09 16:25.

JP Morgan released its report with the comparison of the forecasts and actual results in FY14/1H15 of 56 China/Hong Kong listed companies. The results of 15 companies are above forecasts, 26 are in line and 15 are below. The companies with better-than-expected results include AIA (01299.HK)    -0.300 (-0.618%)    Short selling $233.44M; Ratio 22.512%   , NEW WORLD DEV (00017.HK)    -0.050 (-0.556%)    Short selling $20.41M; Ratio 17.781%   and CKI HOLDINGS (01038.HK)    -2.800 (-4.182%)    Short selling $44.13M; Ratio 19.429%  .

Mainland China's imports tumbled unexpectedly by more than 20% year-on-year in February, the lowest in nearly six years, while exports jumped over 48% as compared to the year-ago period, driven by the growth in Europe, the U.S. and ASAN. With rumors that the China Securities Regulatory Commission (CSRC) is studying the issue of giving banks brokerage licenses, the mainland banking sector soared after midday, leading to a rally in Shenzhen Component Index (SHCI) and Shanghai Composite Index (SZCI). At market's close, SHCI rose above the 10-day MA (3,275) to 3,302, up 1.9% after hitting the trough at 11,250. SZCI also recovered the loss and hit the high at 11,547, ending the trading session 11,533, with a gain of 1.2%. ChiNext Index increased 2.2%. Turnover of Shanghai and Shenzhen markets amounted to RMB359.9 billion and RMB297.2 billion respectively.

Premier Li Keqiang mentioned in the government work report that the Shenzhen-Hong Kong Stock Connect will be launched in due course. Meanwhile, the chairman of China Securities Regulatory Commission (CSRS) Xiao Gang expected the Stock Connect to be approved in the first half of 2015. CSRC will hold a press conference announcing the details of SZ-HK Stock Connect in Beijing on Sunday, Nanfang Daily reported, quoting the response from Shenzhen Stock Exchange. An in-depth explanation on the above work progress will be given by that time.

HKEX (00388.HK)    -1.500 (-0.846%)    Short selling $83.38M; Ratio 9.671%   mentioned in its annual results report that the Shanghai-Hong Kong Stock Connect was launched on 17 November 2014. In the period from 17 November to 31 December, Northbound and Southbound Trading achieved daily average turnover of RMB5.584 billion and HK$929 million respectively. As at 31 December 2014, there were 97 China Connect Exchange participants and 63 Trade-through Exchange participants registered to participate in Northbound Trading, while there were 89 members of the SSE registered to participate in Southbound Trading. The total revenue and other income contributed from the Stock Connect during 2014 was approximately $68 million.

Britain agreed to sell its 40 percent stake in the Eurostar rail link for 585 million pounds ($899.79 million) to a consortium comprising the Canadian public pension fund Caisse de Depot du Placement du Quebec (CDPQ) and the British asset manager Hermes. The government announced the deal for its stake in the high-speed rail link between Britain and continental Europe on Wednesday following a competitive sale process begun in October by finance minister George Osborne. Osborne said the price tag had "exceeded expectations". According to 2013/14 government accounts, the share capital value of the stake was 325 million pounds. Investment bank UBS advised the government on the sale. The deal is part of a trend for institutional investors such as pension funds and insurers to push into infrastructure projects as they are squeezed by low interest rates globally. Such investments are high-yielding and match the long-term liabilities in pension and savings schemes

Stock Last (A) Last (H) (Chg%) Prem.(%) CCB 5.50 6.260 (-1.417%) -9.681 ABC 3.22 3.760 (-0.792%) -7.344 ICBC 4.38 5.510 (-1.254%) -0.163 BANKCOMM 5.85 6.440 (-1.378%) -12.642 CM BANK 14.21 17.140 (-1.833%) -4.278 BANK OF CHINA 3.91 4.300 (-2.050%) -12.726 CHINA SHENHUA 18.31 19.760 (-2.178%) -14.359 YANZHOU COAL 13.01 6.240 (-0.637%) -61.937 CHINA COAL 6.27 4.020 (-2.190%) -49.120 PING AN 66.94 83.200 (-2.060%) -1.366 CPIC 32.62 37.900 (-3.685%) -7.797 CHINA LIFE 35.65 31.300 (-2.340%) -30.325 SHANGHAI PECHEM 5.13 2.600 (+2.767%) -59.777 SINOPEC CORP 6.08 6.330 (-1.555%) -17.374 PETROCHINA 10.92 8.590 (-1.941%) -37.573

On the opening day of the Chinese People's Political Consultative Conference (CPPCC), Shenzhen Component Index and Shanghai Composite Index plunged to 11,526 and 3,263 at market's close, down 3% and 2.2% respectively. ChiNext Index also receded 1.3%, snapping its previous gains. Turnover of Shanghai and Shenzhen markets continued to gain RMB441.5 billion and RMB406.3 billion.

The Census and Statistics Department (C&SD) released today that the value of total retail sales in January 2015, provisionally estimated at $46.6 billion, decreased by 14.6% compared with the same month in 2014. The revised estimate of the value of total retail sales in December 2014 decreased by 4.0% from a year earlier. After netting out the effect of price changes over the same period, the volume of total retail sales in January 2015 decreased by 13.9% from a year earlier. The revised estimate of the volume of total retail sales in December 2014 decreased by 1.4% from a year earlier. Analysed by broad type of retail outlet in descending order of value of sales and comparing January 2015 with January 2014, and also bearing in mind the effect due to the difference in the timing of the Lunar New Year as mentioned above, the value of sales of jewellery, watches and clocks, and valuable gifts decreased by 21.4% in January 2015 compared with a year earlier. This was fo