The following companies may have significant price changes in Hong Kong trading. Stock symbols are in parentheses. Share prices are as of the last close.
Banks: Central bank adviser Li Daokui said China may order higher reserve requirements for banks to counter capital inflows and a possible jump in lending at the start of 2011. Li commented after the Communist Party Politburo said the nation will move next year to a “prudent” monetary policy from the current “moderately loose” stance.
Cathay Pacific Airways Ltd. (293 HK): John Slosar is set to take over as chief executive officer of the carrier, the company said. The stock slipped 0.4 percent to HK$23.60.
China Petroleum and Chemical Corp. (386 HK): The country’s largest refiner known as Sinopec was cut to “reduce” from “hold” at BNP Paribas. The stock dropped 1.8 percent to HK$7.26.
Orient Overseas (International) Ltd. (316 HK): Hong Kong’s largest container-shipping line may add routes and services on Asian and Middle East routes, according to Stephen Ng, director of corporate planning. The stock rose 0.3 percent to HK$78.50.
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