according to state news agency Xinhua. Leung and Yau were among several young politicians elected in a September vote that attracted record turnout, who favor greater autonomy or even independence for Hong Kong. Their right to retake their oaths is also ... ( read original story ...)
Hong Kong wedding banquet firm sets new record for Lunar New Year stall – and expects to lose money
The prime spot at the annual Lunar New Year fair was auctioned off to a wedding banquet and restaurant company for a record HK$820,000, smashing last year’s record – set by the same company – by almost HK$200,000. As the hammer went down on Monday ... ( read original story ...)
Hong Kong man in care home assault case arrested over separate molestation claim from 30 years ago
Instead, a 41-year-old woman had reported that she was molested by a man more than three decades ago when she was studying in a primary school in Hong Kong Island, the spokesman said, and police had arrested Cheung following investigation. Cheung was ... ( read original story ...)
Beijing ruling bars Hong Kong lawmakers from taking office
Their oaths were invalidated amid chaotic scenes in the Legislative Council (LegCo). The interpretation of Hong Kong's Basic Law, carried by state news agency Xinhua, states that lawmakers taking their oaths must do so "sincerely and solemnly". They must ... ( read original story ...)
HSBC's strong core capital ratio boosts dividend outlook
HONG KONG HSBC Holdings (HSBA.L) on Monday posted a sharp jump in its core capital ratio to 13.9 percent at the end of the third quarter, even as reported pretax profit dropped sharply, bolstering the outlook for near-term dividend payments. The surge in ... ( read original story ...)
HSBC third-quarter pretax profit sinks 86 percent
HONG KONG HSBC (HSBA.L) reported a worse-than-expected 86 percent fall in pretax profit for the third quarter, as it accounted for the $1.7 billion in loss resulting from the sale of its Brazilian unit and adverse foreign currency movements. The bank's ... ( read original story ...)
HSBC third-quarter pretax profit slumps 86 percent on Brazil unit sale charges
HONG KONG (Reuters) - HSBC (HSBA.L) reported a sharper-than-expected 86 percent fall in pretax profit for the third quarter as the British lender booked a $1.7 billion loss on the sale of its Brazilian unit and it was also hit by adverse foreign currency ... ( read original story ...)
HSBC Q3 pretax profit sinks 86 percent
HONG KONG (Reuters) - HSBC (HSBA.L) reported a worse-than-expected 86 percent fall in pretax profit for the third quarter, as it accounted for the $1.7 billion in loss resulting from the sale of its Brazilian unit and adverse foreign currency movements. ( read original story ...)
HSBC says profit up as cost-cutting advances
HONG KONG - HSBC Corp. says its latest quarterly profit rose nearly 7 per cent over a year earlier as the global bank cut costs and revenue rose. HSBC said Monday that its third-quarter profit was $5.6 billion. Revenue rose 2 per cent to $12.8 billion. ( read original story ...)
Beijing bars 2 young Hong Kong legislators who 'posed a grave threat'
China's top legislature effectively barred two democratically elected separatist lawmakers from taking office in Hong Kong with a ruling Monday on the city's constitution, an intervention into a local political dispute that's likely to spark further ... ( read original story ...)
Hong Kong’s finance sector behind China and Singapore in gender diversity, report says
Women make up almost half the labour force in Hong Kong, but only a quarter of the members of the Chartered Financial Analyst (CFA) Institute are women, a report finds. As a global financial hub, Hong Kong has almost 7,000 CFA charter holders – an ... ( read original story ...)
China risk tarnishes HK business hub
For decades, Hong Kong has thrived as an Asian business hub thanks to its combination of Western freedoms, independent courts and closeness to mainland China's booming market. Now, political and economic ills from the mainland are eroding that edge. ( read original story ...)
Police, protesters clash in Hong Kong independence movement
Hong Kong police fired pepper spray and protesters threw bottles and road cones in clashes near China’s representative office on Sunday night where activists had gathered to demonstrate against Beijing’s attempts to stop a fledgling independence movement. ( read original story ...)
Hong Kong police use pepper spray in China oath-taking protest
It added that it should deter advocates of Hong Kong independence, as their actions were a threat to national security, state news agency Xinhua reported. Some demonstrators scuffled with police in front of the office of China's representative in the ... ( read original story ...)