Quotes on SCMP yesterday (31/08/2016)
http://www.scmp.com/…/hong-kong-and-shanghai-set-open-lower…
Ivan Li, head of research at Sinopac Securities (Asia), said August’s gain was mainly driven by better than expected interim results of mainland companies, including those in the banking sector.
“The non-performing loans growth of mainland banks slowed in the second quarter, compared with the first quarter, which gave investors some confidence. Meanwhile, their dividend payout was quite good,” Li said. The share buybacks in heavyweight HSBC Holdings also pushed up the benchmarks this month.
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