HONG KONG: CLOSING WRAP, 31May2013

On this beautiful sunny day we had red in the markets; PetroChina builds its war chest; Telematics?; PICC and AIG seal the deal; MSCI rebal; LEGCO begs for reduced stamp duty; Here’s what you missed today.

Telematics Say What?

From Shanghai Daily:

CHINA Unicom and Qoros Auto Co yesterday agreed to cooperate in telematics technology, which connects drivers and cars, as both partners aim to penetrate the market which is worth over 100 billion yuan (US$15.8 billion) in the next five years.

HONG KONG: CLOSING WRAP, 20May2013

HSI and HSCEI rip; MRT fined; Hobnob with Asia’s wealthy; ZTE touches down in India. Here’s what you missed today.

China Unicom MoM 3G subscriber growth down 6%

They added 4.076mm 3G subscribers in April.

Hong Kong Exchange