HONG KONG Citigroup said a focus on rich young Asians and new products has helped accelerate net new money growth at its Asia-Pacific consumer wealth business in 2016 to about 10 percent, and a similar annual growth is expected over the next few years. ( read original story ...)
Why China's Supporters in Hong Kong are Divided
Hong Kong’s business community, which dominates the city’s economy and whose commercial fate is ultimately tied to corporate and political interests in the mainland, has historically formed a strong network of mutual support with the Hong Kong ... ( read original story ...)
Tencent, Hillhouse Capital take stakes in Aviva Hong Kong
LONDON China's Tencent Holdings (0700.HK) and hedge fund Hillhouse Capital, headed by billionaire Zhang Lei, are taking stakes in British insurer Aviva's (AV.L) Hong Kong business, the insurer said on Friday. Aviva has been refocusing on online insurance ... ( read original story ...)
Paramount inks $1B film co-finance deal with 2 Chinese firms
HONG KONG - Paramount Pictures said Friday it has inked a co-financing deal with two Chinese companies for the Hollywood studio's slate of movies over the next three years. Under the terms of the deal, Shanghai Film Group and Huahua Media will also set up ... ( read original story ...)
Hong Kong regulator sues StanChart, UBS over IPO
HONG KONG: Hong Kong's stock market regulator has filed a lawsuit against major banks Standard Chartered and UBS along with consultancy firm KPMG over a 2009 initial public offering on the city's bourse. The Securities and Futures Commission (SFC) on ... ( read original story ...)
Hong Kong, mainland stocks end lower as sentiment remains dented by Yellen’s interest rate comments
Hong Kong stocks retreated from the 23,000 threshold on Thursday ... during morning trading thanks to a continuous liquidity injection from the central bank. The Hang Seng Index shed 0.59 per cent or 136.27 points to 22,961.99 at the lunchtime break ... ( read original story ...)
Hong Kong stocks snap 3-week winning streak before Trump's inauguration
Jan 20 Hong Kong stocks ended a thinly-traded week down and snapped three weeks of gains on Friday, as investors were wary ahead of Donald Trump's inauguration as the 45th U.S. president later in the day. The benchmark Hang Seng index fell 0.7 percent ... ( read original story ...)
Feng shui tips for Hong Kong stocks: strong returns for property, transport, renewables and gaming
... as one of the two most important informal indicators of Hong Kong stocks. The other indicator is the “Ting Hai effect”, a strange stock market phenomenon that the Hang Seng Index often sells off when a movie or television show starring Hong Kong ... ( read original story ...)
Hong Kong Market May Extend Thursday's Losses
The Hong Kong stock market on Thursday halted the two-day winning streak in which it had spiked more than 380 points or 1.6 percent. The Hang Seng Index now rests just ... percent and Industrial and Commercial Bank of China collected 0.21 percent. ( read original story ...)
Hong Kong stocks end weaker after Yellen’s comments
HONG KONG: Hong Kong stocks followed Asian markets lower on Thursday, with sentiment hurt by Federal Reserve Chair Janet Yellen’s hints that the pace of U.S. interest rate hikes could accelerate. The benchmark Hang Seng index dropped 0.2 percent ... ( read original story ...)
Can Hong Kong Stocks Rally Despite China Chill?
Investors in Hong Kong stocks will need a deft hand in 2017 if they’re to successfully navigate the challenges of slower Chinese growth and growing political tensions ahead of the election of the financial hub’s new leader in March. ( read original story ...)
Bank of Canada's Poloz to wait and watch for ‘things that go Trump in the night’
Brian DePratto, Toronto-Dominion Bank Global markets are mixed so fa. Tokyo’s Nikkei gained 0.4 per cent, Hong Kong’s Hang Seng 1.1 per cent, and the Shanghai composite 0.1 per cent. In Europe, London’s FTSE 100 was up 0.1 per cent by about 7:35 ... ( read original story ...)
HK stocks end lower ahead of Trump inauguration
Hong Kong's Hang Seng Index fell 0.7 percent to 22,885. The Shanghai Composite Index rose 0.7 percent to 3,123 and the Shenzhen Composite Index jumped 1.5 percent to 1,885. Mainland markets were cheered by figures showing that the mainland's economy grew a ... ( read original story ...)
Rate rises not affecting Hong Kong property market with prices set to rise 5% this year
Joseph Tsang, JLL Hong Kong’s managing director, attributes the market’s resilience to strong pent-up demand among first time buyers, low mortgage rates and a the large number of cash rich buyers in the market, including mainland Chinese. He believes ... ( read original story ...)