Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline

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Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline

Bloomberg2021-04-01

(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline. The mass suspensions come...

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NAMNORIMAI
·2021-04-01
Nice
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NovelChew
·2021-04-01
Nice
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- chillllll:
  yea
  2021-05-03
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kino318
·2021-04-01
Not a good sign
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- NovelChew:
  Nicw
  2021-04-01
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VicVic3527
·2021-04-01
All the best HK
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YJ20210401
·2021-04-01
Nice
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1
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- ekhao:
  ok
  2021-04-12
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- ekhao:
  ok
  2021-04-10
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火星投资狼
·2021-04-01
[財迷]
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- Acella:
  ?
  2021-04-02
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- YJ20210401:
  NicE
  2021-04-01
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GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management were among the firms that announced a trading halt. At least 9 Hong Kong companies suspended trading on April 1 of last year, versus about 25 on the same day in 2019.</p>\n<p>“It’s a bit surprising to me that so many firms delayed their earnings and most of their filings didn’t explain very clearly,” said Daniel So, a strategist at CMB International Securities Ltd. “This year surprisingly there are so many delays, much more than last year when the pandemic hit. The longer they delay in reporting earnings, the worse it will be for their share prices.”</p>\n<p>Trading halts may dampen investor sentiment toward Hong Kong’s stock market, where the benchmark gauge briefly slumped into a technical correction late last month amid setbacks in vaccine rollouts and as traders rushed to sell pricey stocks in the wake of rising bond yields.</p>\n<p>“Many investors could be worried about their earnings and quality of reports,” So of CMB International said. “If they report quickly and the audit report doesn’t have a negative opinion on those companies, it should be fine.”</p>\n<p>China Huarong said it will delay delivering its earnings as it seeks to complete a transaction. The manager of bad loans said its auditor will need more time as a transaction is still being finalized, according to a company filing. The firm’s bonds slumped.</p>\n<p>Yuzhou Group Holdings Co., a Chinese real estate firm, said on Tuesday that its auditor Ernst &amp; Young’s “strict” accounting standards were partly behind a collapse in the company’s profit last year. The stock slumped more than 7% in Hong Kong on Thursday, adding to its 7.9% slide from the previous session.</p>\n<p>The trading halts come as the China Securities Regulatory Commission vowed to advance cooperation on cross-border auditing earlier this year in a statement on its work plan for 2021. The CSRC said it would set up cross-department work groups to strengthen crackdowns on illegal behaviors including frauds in IPOs and financial reporting, market manipulation.</p>\n<p>Last year, almost all companies listed in Hong Kong were able to provide an earnings update to investors ahead of the March 31 deadline, overcoming difficulties posed by travel restrictions and an economic lockdown following the outbreak of the coronavirus.</p>\n<p>The Hang Seng Index climbed 1% as of 10:32 a.m. local time, tracking a broad rally in Asian stocks stoked by optimism over U.S. President Joe Biden’s $2.25 trillion infrastructure plan.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Hit by Dozens of Trading Halts After Earnings Deadline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-01 11:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.\nThe mass suspensions come...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129134980","content_text":"(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.\nThe mass suspensions come as March 31 was the last day to report annual results for Hong Kong-listed companies. GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management were among the firms that announced a trading halt. At least 9 Hong Kong companies suspended trading on April 1 of last year, versus about 25 on the same day in 2019.\n“It’s a bit surprising to me that so many firms delayed their earnings and most of their filings didn’t explain very clearly,” said Daniel So, a strategist at CMB International Securities Ltd. “This year surprisingly there are so many delays, much more than last year when the pandemic hit. The longer they delay in reporting earnings, the worse it will be for their share prices.”\nTrading halts may dampen investor sentiment toward Hong Kong’s stock market, where the benchmark gauge briefly slumped into a technical correction late last month amid setbacks in vaccine rollouts and as traders rushed to sell pricey stocks in the wake of rising bond yields.\n“Many investors could be worried about their earnings and quality of reports,” So of CMB International said. “If they report quickly and the audit report doesn’t have a negative opinion on those companies, it should be fine.”\nChina Huarong said it will delay delivering its earnings as it seeks to complete a transaction. The manager of bad loans said its auditor will need more time as a transaction is still being finalized, according to a company filing. The firm’s bonds slumped.\nYuzhou Group Holdings Co., a Chinese real estate firm, said on Tuesday that its auditor Ernst & Young’s “strict” accounting standards were partly behind a collapse in the company’s profit last year. The stock slumped more than 7% in Hong Kong on Thursday, adding to its 7.9% slide from the previous session.\nThe trading halts come as the China Securities Regulatory Commission vowed to advance cooperation on cross-border auditing earlier this year in a statement on its work plan for 2021. The CSRC said it would set up cross-department work groups to strengthen crackdowns on illegal behaviors including frauds in IPOs and financial reporting, market manipulation.\nLast year, almost all companies listed in Hong Kong were able to provide an earnings update to investors ahead of the March 31 deadline, overcoming difficulties posed by travel restrictions and an economic lockdown following the outbreak of the coronavirus.\nThe Hang Seng Index climbed 1% as of 10:32 a.m. local time, tracking a broad rally in Asian stocks stoked by optimism over U.S. President Joe Biden’s $2.25 trillion infrastructure plan.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":357808895,"gmtCreate":1617252949017,"gmtModify":1704697843310,"author":{"id":"3573693383322975","authorId":"3573693383322975","name":"NovelChew","avatar":"https://static.tigerbbs.com/3cc4d2fe2028353323fd69523caa4c1c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"authorIdStr":"3573693383322975","idStr":"3573693383322975"},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/357808895","repostId":1129134980,"repostType":4,"repost":{"id":"1129134980","pubTimestamp":1617247901,"share":"https://ttm.financial/m/news/1129134980?lang=&edition=fundamental","pubTime":"2021-04-01 11:31","market":"us","language":"en","title":"Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline","url":"https://stock-news.laohu8.com/highlight/detail?id=1129134980","media":"Bloomberg","summary":"(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a","content":"<p>(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.</p>\n<p>The mass suspensions come as March 31 was the last day to report annual results for Hong Kong-listed companies. GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management were among the firms that announced a trading halt. At least 9 Hong Kong companies suspended trading on April 1 of last year, versus about 25 on the same day in 2019.</p>\n<p>“It’s a bit surprising to me that so many firms delayed their earnings and most of their filings didn’t explain very clearly,” said Daniel So, a strategist at CMB International Securities Ltd. “This year surprisingly there are so many delays, much more than last year when the pandemic hit. The longer they delay in reporting earnings, the worse it will be for their share prices.”</p>\n<p>Trading halts may dampen investor sentiment toward Hong Kong’s stock market, where the benchmark gauge briefly slumped into a technical correction late last month amid setbacks in vaccine rollouts and as traders rushed to sell pricey stocks in the wake of rising bond yields.</p>\n<p>“Many investors could be worried about their earnings and quality of reports,” So of CMB International said. “If they report quickly and the audit report doesn’t have a negative opinion on those companies, it should be fine.”</p>\n<p>China Huarong said it will delay delivering its earnings as it seeks to complete a transaction. The manager of bad loans said its auditor will need more time as a transaction is still being finalized, according to a company filing. The firm’s bonds slumped.</p>\n<p>Yuzhou Group Holdings Co., a Chinese real estate firm, said on Tuesday that its auditor Ernst &amp; Young’s “strict” accounting standards were partly behind a collapse in the company’s profit last year. The stock slumped more than 7% in Hong Kong on Thursday, adding to its 7.9% slide from the previous session.</p>\n<p>The trading halts come as the China Securities Regulatory Commission vowed to advance cooperation on cross-border auditing earlier this year in a statement on its work plan for 2021. The CSRC said it would set up cross-department work groups to strengthen crackdowns on illegal behaviors including frauds in IPOs and financial reporting, market manipulation.</p>\n<p>Last year, almost all companies listed in Hong Kong were able to provide an earnings update to investors ahead of the March 31 deadline, overcoming difficulties posed by travel restrictions and an economic lockdown following the outbreak of the coronavirus.</p>\n<p>The Hang Seng Index climbed 1% as of 10:32 a.m. local time, tracking a broad rally in Asian stocks stoked by optimism over U.S. President Joe Biden’s $2.25 trillion infrastructure plan.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Hit by Dozens of Trading Halts After Earnings Deadline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-01 11:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.\nThe mass suspensions come...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129134980","content_text":"(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.\nThe mass suspensions come as March 31 was the last day to report annual results for Hong Kong-listed companies. GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management were among the firms that announced a trading halt. At least 9 Hong Kong companies suspended trading on April 1 of last year, versus about 25 on the same day in 2019.\n“It’s a bit surprising to me that so many firms delayed their earnings and most of their filings didn’t explain very clearly,” said Daniel So, a strategist at CMB International Securities Ltd. “This year surprisingly there are so many delays, much more than last year when the pandemic hit. The longer they delay in reporting earnings, the worse it will be for their share prices.”\nTrading halts may dampen investor sentiment toward Hong Kong’s stock market, where the benchmark gauge briefly slumped into a technical correction late last month amid setbacks in vaccine rollouts and as traders rushed to sell pricey stocks in the wake of rising bond yields.\n“Many investors could be worried about their earnings and quality of reports,” So of CMB International said. “If they report quickly and the audit report doesn’t have a negative opinion on those companies, it should be fine.”\nChina Huarong said it will delay delivering its earnings as it seeks to complete a transaction. The manager of bad loans said its auditor will need more time as a transaction is still being finalized, according to a company filing. The firm’s bonds slumped.\nYuzhou Group Holdings Co., a Chinese real estate firm, said on Tuesday that its auditor Ernst & Young’s “strict” accounting standards were partly behind a collapse in the company’s profit last year. The stock slumped more than 7% in Hong Kong on Thursday, adding to its 7.9% slide from the previous session.\nThe trading halts come as the China Securities Regulatory Commission vowed to advance cooperation on cross-border auditing earlier this year in a statement on its work plan for 2021. The CSRC said it would set up cross-department work groups to strengthen crackdowns on illegal behaviors including frauds in IPOs and financial reporting, market manipulation.\nLast year, almost all companies listed in Hong Kong were able to provide an earnings update to investors ahead of the March 31 deadline, overcoming difficulties posed by travel restrictions and an economic lockdown following the outbreak of the coronavirus.\nThe Hang Seng Index climbed 1% as of 10:32 a.m. local time, tracking a broad rally in Asian stocks stoked by optimism over U.S. President Joe Biden’s $2.25 trillion infrastructure plan.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4207479,"gmtCreate":1620028226496,"gmtModify":1680786753823,"authorId":3577220125347097,"author":{"id":3577220125347097,"idStr":"3577220125347097","authorId":3577220125347097,"name":"chillllll","avatar":"https://static.tigerbbs.com/4be5197e63a40b814d9601c3b85924c6","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":357808895,"type":1,"supId":0,"prevId":0,"content":"<u>yea</u>","text":"<u>yea</u>","html":"<u>yea</u>"}],"langContent":"EN"},{"id":357144684,"gmtCreate":1617251287748,"gmtModify":1704697822872,"author":{"id":"3578134255896974","authorId":"3578134255896974","name":"kino318","avatar":"https://static.tigerbbs.com/e983f44b7853b7b8c10f1b3f6e19dc68","vip":1,"crmLevel":6,"crmLevelSwitch":0,"authorIdStr":"3578134255896974","idStr":"3578134255896974"},"htmlText":"Not a good sign","listText":"Not a good sign","text":"Not a good sign","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/357144684","repostId":1129134980,"repostType":4,"repost":{"id":"1129134980","pubTimestamp":1617247901,"share":"https://ttm.financial/m/news/1129134980?lang=&edition=fundamental","pubTime":"2021-04-01 11:31","market":"us","language":"en","title":"Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline","url":"https://stock-news.laohu8.com/highlight/detail?id=1129134980","media":"Bloomberg","summary":"(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a","content":"<p>(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.</p>\n<p>The mass suspensions come as March 31 was the last day to report annual results for Hong Kong-listed companies. GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management were among the firms that announced a trading halt. At least 9 Hong Kong companies suspended trading on April 1 of last year, versus about 25 on the same day in 2019.</p>\n<p>“It’s a bit surprising to me that so many firms delayed their earnings and most of their filings didn’t explain very clearly,” said Daniel So, a strategist at CMB International Securities Ltd. “This year surprisingly there are so many delays, much more than last year when the pandemic hit. The longer they delay in reporting earnings, the worse it will be for their share prices.”</p>\n<p>Trading halts may dampen investor sentiment toward Hong Kong’s stock market, where the benchmark gauge briefly slumped into a technical correction late last month amid setbacks in vaccine rollouts and as traders rushed to sell pricey stocks in the wake of rising bond yields.</p>\n<p>“Many investors could be worried about their earnings and quality of reports,” So of CMB International said. “If they report quickly and the audit report doesn’t have a negative opinion on those companies, it should be fine.”</p>\n<p>China Huarong said it will delay delivering its earnings as it seeks to complete a transaction. The manager of bad loans said its auditor will need more time as a transaction is still being finalized, according to a company filing. The firm’s bonds slumped.</p>\n<p>Yuzhou Group Holdings Co., a Chinese real estate firm, said on Tuesday that its auditor Ernst &amp; Young’s “strict” accounting standards were partly behind a collapse in the company’s profit last year. The stock slumped more than 7% in Hong Kong on Thursday, adding to its 7.9% slide from the previous session.</p>\n<p>The trading halts come as the China Securities Regulatory Commission vowed to advance cooperation on cross-border auditing earlier this year in a statement on its work plan for 2021. The CSRC said it would set up cross-department work groups to strengthen crackdowns on illegal behaviors including frauds in IPOs and financial reporting, market manipulation.</p>\n<p>Last year, almost all companies listed in Hong Kong were able to provide an earnings update to investors ahead of the March 31 deadline, overcoming difficulties posed by travel restrictions and an economic lockdown following the outbreak of the coronavirus.</p>\n<p>The Hang Seng Index climbed 1% as of 10:32 a.m. local time, tracking a broad rally in Asian stocks stoked by optimism over U.S. President Joe Biden’s $2.25 trillion infrastructure plan.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Hit by Dozens of Trading Halts After Earnings Deadline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-01 11:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.\nThe mass suspensions come...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129134980","content_text":"(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.\nThe mass suspensions come as March 31 was the last day to report annual results for Hong Kong-listed companies. GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management were among the firms that announced a trading halt. At least 9 Hong Kong companies suspended trading on April 1 of last year, versus about 25 on the same day in 2019.\n“It’s a bit surprising to me that so many firms delayed their earnings and most of their filings didn’t explain very clearly,” said Daniel So, a strategist at CMB International Securities Ltd. “This year surprisingly there are so many delays, much more than last year when the pandemic hit. The longer they delay in reporting earnings, the worse it will be for their share prices.”\nTrading halts may dampen investor sentiment toward Hong Kong’s stock market, where the benchmark gauge briefly slumped into a technical correction late last month amid setbacks in vaccine rollouts and as traders rushed to sell pricey stocks in the wake of rising bond yields.\n“Many investors could be worried about their earnings and quality of reports,” So of CMB International said. “If they report quickly and the audit report doesn’t have a negative opinion on those companies, it should be fine.”\nChina Huarong said it will delay delivering its earnings as it seeks to complete a transaction. The manager of bad loans said its auditor will need more time as a transaction is still being finalized, according to a company filing. The firm’s bonds slumped.\nYuzhou Group Holdings Co., a Chinese real estate firm, said on Tuesday that its auditor Ernst & Young’s “strict” accounting standards were partly behind a collapse in the company’s profit last year. The stock slumped more than 7% in Hong Kong on Thursday, adding to its 7.9% slide from the previous session.\nThe trading halts come as the China Securities Regulatory Commission vowed to advance cooperation on cross-border auditing earlier this year in a statement on its work plan for 2021. The CSRC said it would set up cross-department work groups to strengthen crackdowns on illegal behaviors including frauds in IPOs and financial reporting, market manipulation.\nLast year, almost all companies listed in Hong Kong were able to provide an earnings update to investors ahead of the March 31 deadline, overcoming difficulties posed by travel restrictions and an economic lockdown following the outbreak of the coronavirus.\nThe Hang Seng Index climbed 1% as of 10:32 a.m. local time, tracking a broad rally in Asian stocks stoked by optimism over U.S. President Joe Biden’s $2.25 trillion infrastructure plan.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3936826,"gmtCreate":1617252938552,"gmtModify":1680782542754,"authorId":3573693383322975,"author":{"id":3573693383322975,"idStr":"3573693383322975","authorId":3573693383322975,"name":"NovelChew","avatar":"https://static.tigerbbs.com/3cc4d2fe2028353323fd69523caa4c1c","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":357144684,"type":1,"supId":0,"prevId":0,"content":"Nicw","text":"Nicw","html":"Nicw"}],"langContent":"EN"},{"id":357125785,"gmtCreate":1617248934547,"gmtModify":1704697795269,"author":{"id":"3575073792751116","authorId":"3575073792751116","name":"VicVic3527","avatar":"https://static.tigerbbs.com/bda7fa213d1bbf7a7c7ffe74e08d9e71","vip":1,"crmLevel":2,"crmLevelSwitch":0,"authorIdStr":"3575073792751116","idStr":"3575073792751116"},"htmlText":"All the best HK","listText":"All the best HK","text":"All the best HK","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/357125785","repostId":1129134980,"repostType":4,"repost":{"id":"1129134980","pubTimestamp":1617247901,"share":"https://ttm.financial/m/news/1129134980?lang=&edition=fundamental","pubTime":"2021-04-01 11:31","market":"us","language":"en","title":"Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline","url":"https://stock-news.laohu8.com/highlight/detail?id=1129134980","media":"Bloomberg","summary":"(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a","content":"<p>(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.</p>\n<p>The mass suspensions come as March 31 was the last day to report annual results for Hong Kong-listed companies. GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management were among the firms that announced a trading halt. At least 9 Hong Kong companies suspended trading on April 1 of last year, versus about 25 on the same day in 2019.</p>\n<p>“It’s a bit surprising to me that so many firms delayed their earnings and most of their filings didn’t explain very clearly,” said Daniel So, a strategist at CMB International Securities Ltd. “This year surprisingly there are so many delays, much more than last year when the pandemic hit. The longer they delay in reporting earnings, the worse it will be for their share prices.”</p>\n<p>Trading halts may dampen investor sentiment toward Hong Kong’s stock market, where the benchmark gauge briefly slumped into a technical correction late last month amid setbacks in vaccine rollouts and as traders rushed to sell pricey stocks in the wake of rising bond yields.</p>\n<p>“Many investors could be worried about their earnings and quality of reports,” So of CMB International said. “If they report quickly and the audit report doesn’t have a negative opinion on those companies, it should be fine.”</p>\n<p>China Huarong said it will delay delivering its earnings as it seeks to complete a transaction. The manager of bad loans said its auditor will need more time as a transaction is still being finalized, according to a company filing. The firm’s bonds slumped.</p>\n<p>Yuzhou Group Holdings Co., a Chinese real estate firm, said on Tuesday that its auditor Ernst &amp; Young’s “strict” accounting standards were partly behind a collapse in the company’s profit last year. The stock slumped more than 7% in Hong Kong on Thursday, adding to its 7.9% slide from the previous session.</p>\n<p>The trading halts come as the China Securities Regulatory Commission vowed to advance cooperation on cross-border auditing earlier this year in a statement on its work plan for 2021. The CSRC said it would set up cross-department work groups to strengthen crackdowns on illegal behaviors including frauds in IPOs and financial reporting, market manipulation.</p>\n<p>Last year, almost all companies listed in Hong Kong were able to provide an earnings update to investors ahead of the March 31 deadline, overcoming difficulties posed by travel restrictions and an economic lockdown following the outbreak of the coronavirus.</p>\n<p>The Hang Seng Index climbed 1% as of 10:32 a.m. local time, tracking a broad rally in Asian stocks stoked by optimism over U.S. President Joe Biden’s $2.25 trillion infrastructure plan.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Hit by Dozens of Trading Halts After Earnings Deadline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-01 11:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.\nThe mass suspensions come...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129134980","content_text":"(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.\nThe mass suspensions come as March 31 was the last day to report annual results for Hong Kong-listed companies. GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management were among the firms that announced a trading halt. At least 9 Hong Kong companies suspended trading on April 1 of last year, versus about 25 on the same day in 2019.\n“It’s a bit surprising to me that so many firms delayed their earnings and most of their filings didn’t explain very clearly,” said Daniel So, a strategist at CMB International Securities Ltd. “This year surprisingly there are so many delays, much more than last year when the pandemic hit. The longer they delay in reporting earnings, the worse it will be for their share prices.”\nTrading halts may dampen investor sentiment toward Hong Kong’s stock market, where the benchmark gauge briefly slumped into a technical correction late last month amid setbacks in vaccine rollouts and as traders rushed to sell pricey stocks in the wake of rising bond yields.\n“Many investors could be worried about their earnings and quality of reports,” So of CMB International said. “If they report quickly and the audit report doesn’t have a negative opinion on those companies, it should be fine.”\nChina Huarong said it will delay delivering its earnings as it seeks to complete a transaction. The manager of bad loans said its auditor will need more time as a transaction is still being finalized, according to a company filing. The firm’s bonds slumped.\nYuzhou Group Holdings Co., a Chinese real estate firm, said on Tuesday that its auditor Ernst & Young’s “strict” accounting standards were partly behind a collapse in the company’s profit last year. The stock slumped more than 7% in Hong Kong on Thursday, adding to its 7.9% slide from the previous session.\nThe trading halts come as the China Securities Regulatory Commission vowed to advance cooperation on cross-border auditing earlier this year in a statement on its work plan for 2021. The CSRC said it would set up cross-department work groups to strengthen crackdowns on illegal behaviors including frauds in IPOs and financial reporting, market manipulation.\nLast year, almost all companies listed in Hong Kong were able to provide an earnings update to investors ahead of the March 31 deadline, overcoming difficulties posed by travel restrictions and an economic lockdown following the outbreak of the coronavirus.\nThe Hang Seng Index climbed 1% as of 10:32 a.m. local time, tracking a broad rally in Asian stocks stoked by optimism over U.S. President Joe Biden’s $2.25 trillion infrastructure plan.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":357126430,"gmtCreate":1617248707620,"gmtModify":1704697793000,"author":{"id":"3577886329853489","authorId":"3577886329853489","name":"YJ20210401","avatar":"https://static.tigerbbs.com/4ec97a6c6ae10f0c189feb26f5fe23b9","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":5,"crmLevelSwitch":1,"authorIdStr":"3577886329853489","idStr":"3577886329853489"},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/357126430","repostId":1129134980,"repostType":4,"repost":{"id":"1129134980","pubTimestamp":1617247901,"share":"https://ttm.financial/m/news/1129134980?lang=&edition=fundamental","pubTime":"2021-04-01 11:31","market":"us","language":"en","title":"Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline","url":"https://stock-news.laohu8.com/highlight/detail?id=1129134980","media":"Bloomberg","summary":"(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a","content":"<p>(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.</p>\n<p>The mass suspensions come as March 31 was the last day to report annual results for Hong Kong-listed companies. GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management were among the firms that announced a trading halt. At least 9 Hong Kong companies suspended trading on April 1 of last year, versus about 25 on the same day in 2019.</p>\n<p>“It’s a bit surprising to me that so many firms delayed their earnings and most of their filings didn’t explain very clearly,” said Daniel So, a strategist at CMB International Securities Ltd. “This year surprisingly there are so many delays, much more than last year when the pandemic hit. The longer they delay in reporting earnings, the worse it will be for their share prices.”</p>\n<p>Trading halts may dampen investor sentiment toward Hong Kong’s stock market, where the benchmark gauge briefly slumped into a technical correction late last month amid setbacks in vaccine rollouts and as traders rushed to sell pricey stocks in the wake of rising bond yields.</p>\n<p>“Many investors could be worried about their earnings and quality of reports,” So of CMB International said. “If they report quickly and the audit report doesn’t have a negative opinion on those companies, it should be fine.”</p>\n<p>China Huarong said it will delay delivering its earnings as it seeks to complete a transaction. The manager of bad loans said its auditor will need more time as a transaction is still being finalized, according to a company filing. The firm’s bonds slumped.</p>\n<p>Yuzhou Group Holdings Co., a Chinese real estate firm, said on Tuesday that its auditor Ernst &amp; Young’s “strict” accounting standards were partly behind a collapse in the company’s profit last year. The stock slumped more than 7% in Hong Kong on Thursday, adding to its 7.9% slide from the previous session.</p>\n<p>The trading halts come as the China Securities Regulatory Commission vowed to advance cooperation on cross-border auditing earlier this year in a statement on its work plan for 2021. The CSRC said it would set up cross-department work groups to strengthen crackdowns on illegal behaviors including frauds in IPOs and financial reporting, market manipulation.</p>\n<p>Last year, almost all companies listed in Hong Kong were able to provide an earnings update to investors ahead of the March 31 deadline, overcoming difficulties posed by travel restrictions and an economic lockdown following the outbreak of the coronavirus.</p>\n<p>The Hang Seng Index climbed 1% as of 10:32 a.m. local time, tracking a broad rally in Asian stocks stoked by optimism over U.S. President Joe Biden’s $2.25 trillion infrastructure plan.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Hit by Dozens of Trading Halts After Earnings Deadline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-01 11:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.\nThe mass suspensions come...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129134980","content_text":"(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.\nThe mass suspensions come as March 31 was the last day to report annual results for Hong Kong-listed companies. GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management were among the firms that announced a trading halt. At least 9 Hong Kong companies suspended trading on April 1 of last year, versus about 25 on the same day in 2019.\n“It’s a bit surprising to me that so many firms delayed their earnings and most of their filings didn’t explain very clearly,” said Daniel So, a strategist at CMB International Securities Ltd. “This year surprisingly there are so many delays, much more than last year when the pandemic hit. The longer they delay in reporting earnings, the worse it will be for their share prices.”\nTrading halts may dampen investor sentiment toward Hong Kong’s stock market, where the benchmark gauge briefly slumped into a technical correction late last month amid setbacks in vaccine rollouts and as traders rushed to sell pricey stocks in the wake of rising bond yields.\n“Many investors could be worried about their earnings and quality of reports,” So of CMB International said. “If they report quickly and the audit report doesn’t have a negative opinion on those companies, it should be fine.”\nChina Huarong said it will delay delivering its earnings as it seeks to complete a transaction. The manager of bad loans said its auditor will need more time as a transaction is still being finalized, according to a company filing. The firm’s bonds slumped.\nYuzhou Group Holdings Co., a Chinese real estate firm, said on Tuesday that its auditor Ernst & Young’s “strict” accounting standards were partly behind a collapse in the company’s profit last year. The stock slumped more than 7% in Hong Kong on Thursday, adding to its 7.9% slide from the previous session.\nThe trading halts come as the China Securities Regulatory Commission vowed to advance cooperation on cross-border auditing earlier this year in a statement on its work plan for 2021. The CSRC said it would set up cross-department work groups to strengthen crackdowns on illegal behaviors including frauds in IPOs and financial reporting, market manipulation.\nLast year, almost all companies listed in Hong Kong were able to provide an earnings update to investors ahead of the March 31 deadline, overcoming difficulties posed by travel restrictions and an economic lockdown following the outbreak of the coronavirus.\nThe Hang Seng Index climbed 1% as of 10:32 a.m. local time, tracking a broad rally in Asian stocks stoked by optimism over U.S. President Joe Biden’s $2.25 trillion infrastructure plan.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":4013948,"gmtCreate":1618210389160,"gmtModify":1680783729633,"authorId":3574324990111810,"author":{"id":3574324990111810,"idStr":"3574324990111810","authorId":3574324990111810,"name":"ekhao","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":357126430,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"},{"id":4001678,"gmtCreate":1618029516534,"gmtModify":1680783530498,"authorId":3574324990111810,"author":{"id":3574324990111810,"idStr":"3574324990111810","authorId":3574324990111810,"name":"ekhao","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":6,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":357126430,"type":1,"supId":0,"prevId":0,"content":"ok","text":"ok","html":"ok"}],"langContent":"EN"},{"id":357128597,"gmtCreate":1617248614519,"gmtModify":1704697791528,"author":{"id":"3564654698806900","authorId":"3564654698806900","name":"火星投资狼","avatar":"https://community-static.tradeup.com/news/9ea1e9b286434ef8112b58764cdae570","vip":1,"hat":"https://static.tigerbbs.com/ae1f49570794979e009a5efdeb6f4789","crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3564654698806900","idStr":"3564654698806900"},"htmlText":"[財迷]&nbsp;","listText":"[財迷]&nbsp;","text":"[財迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":2,"repostSize":0,"link":"https://ttm.financial/post/357128597","repostId":1129134980,"repostType":4,"repost":{"id":"1129134980","pubTimestamp":1617247901,"share":"https://ttm.financial/m/news/1129134980?lang=&edition=fundamental","pubTime":"2021-04-01 11:31","market":"us","language":"en","title":"Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline","url":"https://stock-news.laohu8.com/highlight/detail?id=1129134980","media":"Bloomberg","summary":"(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a","content":"<p>(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.</p>\n<p>The mass suspensions come as March 31 was the last day to report annual results for Hong Kong-listed companies. GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management were among the firms that announced a trading halt. At least 9 Hong Kong companies suspended trading on April 1 of last year, versus about 25 on the same day in 2019.</p>\n<p>“It’s a bit surprising to me that so many firms delayed their earnings and most of their filings didn’t explain very clearly,” said Daniel So, a strategist at CMB International Securities Ltd. “This year surprisingly there are so many delays, much more than last year when the pandemic hit. The longer they delay in reporting earnings, the worse it will be for their share prices.”</p>\n<p>Trading halts may dampen investor sentiment toward Hong Kong’s stock market, where the benchmark gauge briefly slumped into a technical correction late last month amid setbacks in vaccine rollouts and as traders rushed to sell pricey stocks in the wake of rising bond yields.</p>\n<p>“Many investors could be worried about their earnings and quality of reports,” So of CMB International said. “If they report quickly and the audit report doesn’t have a negative opinion on those companies, it should be fine.”</p>\n<p>China Huarong said it will delay delivering its earnings as it seeks to complete a transaction. The manager of bad loans said its auditor will need more time as a transaction is still being finalized, according to a company filing. The firm’s bonds slumped.</p>\n<p>Yuzhou Group Holdings Co., a Chinese real estate firm, said on Tuesday that its auditor Ernst &amp; Young’s “strict” accounting standards were partly behind a collapse in the company’s profit last year. The stock slumped more than 7% in Hong Kong on Thursday, adding to its 7.9% slide from the previous session.</p>\n<p>The trading halts come as the China Securities Regulatory Commission vowed to advance cooperation on cross-border auditing earlier this year in a statement on its work plan for 2021. The CSRC said it would set up cross-department work groups to strengthen crackdowns on illegal behaviors including frauds in IPOs and financial reporting, market manipulation.</p>\n<p>Last year, almost all companies listed in Hong Kong were able to provide an earnings update to investors ahead of the March 31 deadline, overcoming difficulties posed by travel restrictions and an economic lockdown following the outbreak of the coronavirus.</p>\n<p>The Hang Seng Index climbed 1% as of 10:32 a.m. local time, tracking a broad rally in Asian stocks stoked by optimism over U.S. President Joe Biden’s $2.25 trillion infrastructure plan.</p>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong Hit by Dozens of Trading Halts After Earnings Deadline</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong Hit by Dozens of Trading Halts After Earnings Deadline\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-01 11:31 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.\nThe mass suspensions come...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.bloomberg.com/news/articles/2021-04-01/trading-halted-in-over-50-h-k-stocks-after-earnings-deadline?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129134980","content_text":"(Bloomberg) -- Trading in more than 50 Hong Kong-listed companies was suspended on Thursday, after a number of firms failed to report earnings ahead of the March 31 deadline.\nThe mass suspensions come as March 31 was the last day to report annual results for Hong Kong-listed companies. GCL-Poly Energy Holdings Ltd. and China Huarong Asset Management were among the firms that announced a trading halt. At least 9 Hong Kong companies suspended trading on April 1 of last year, versus about 25 on the same day in 2019.\n“It’s a bit surprising to me that so many firms delayed their earnings and most of their filings didn’t explain very clearly,” said Daniel So, a strategist at CMB International Securities Ltd. “This year surprisingly there are so many delays, much more than last year when the pandemic hit. The longer they delay in reporting earnings, the worse it will be for their share prices.”\nTrading halts may dampen investor sentiment toward Hong Kong’s stock market, where the benchmark gauge briefly slumped into a technical correction late last month amid setbacks in vaccine rollouts and as traders rushed to sell pricey stocks in the wake of rising bond yields.\n“Many investors could be worried about their earnings and quality of reports,” So of CMB International said. “If they report quickly and the audit report doesn’t have a negative opinion on those companies, it should be fine.”\nChina Huarong said it will delay delivering its earnings as it seeks to complete a transaction. The manager of bad loans said its auditor will need more time as a transaction is still being finalized, according to a company filing. The firm’s bonds slumped.\nYuzhou Group Holdings Co., a Chinese real estate firm, said on Tuesday that its auditor Ernst & Young’s “strict” accounting standards were partly behind a collapse in the company’s profit last year. The stock slumped more than 7% in Hong Kong on Thursday, adding to its 7.9% slide from the previous session.\nThe trading halts come as the China Securities Regulatory Commission vowed to advance cooperation on cross-border auditing earlier this year in a statement on its work plan for 2021. The CSRC said it would set up cross-department work groups to strengthen crackdowns on illegal behaviors including frauds in IPOs and financial reporting, market manipulation.\nLast year, almost all companies listed in Hong Kong were able to provide an earnings update to investors ahead of the March 31 deadline, overcoming difficulties posed by travel restrictions and an economic lockdown following the outbreak of the coronavirus.\nThe Hang Seng Index climbed 1% as of 10:32 a.m. local time, tracking a broad rally in Asian stocks stoked by optimism over U.S. President Joe Biden’s $2.25 trillion infrastructure plan.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3943804,"gmtCreate":1617324453070,"gmtModify":1680782654107,"authorId":3563150446821026,"author":{"id":3563150446821026,"idStr":"3563150446821026","authorId":3563150446821026,"name":"Acella","avatar":"https://static.tigerbbs.com/2712c4bb0bfbec4d2773e012189db3bc","vip":1,"crmLevel":9,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":357128597,"type":1,"supId":0,"prevId":0,"content":"?","text":"?","html":"?"},{"id":3936434,"gmtCreate":1617248721928,"gmtModify":1680782535146,"authorId":3577886329853489,"author":{"id":3577886329853489,"idStr":"3577886329853489","authorId":3577886329853489,"name":"YJ20210401","avatar":"https://static.tigerbbs.com/4ec97a6c6ae10f0c189feb26f5fe23b9","vip":1,"currentWearingBadge":{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2021.12.21","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1102},"crmLevel":5,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":357128597,"type":1,"supId":0,"prevId":0,"content":"NicE","text":"NicE","html":"NicE"}],"langContent":"CN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":23,"commentSize":6,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}