Hong Kong's Cathay Pacific suffers first loss in 8 years

Hong Kong's troubled flagship airline Cathay Pacific on Wednesday posted its first annual loss since the height of the financial crisis as it was hit by "intense competition" and a drop in demand from business travellers. The firm is struggling despite an ... ( read original story ...)

Cathay Pacific Airways posts first annual loss since 2008

The company said "intense and increasing competition with other airlines was the most important factor" affecting its financial results. It also was buffeted by economic factors including China's slowdown, fewer tourists visiting Hong Kong and a stronger ... ( read original story ...)

Hong Kong Airlines appoints new Chief Financial Officer

Hong Kong Airlines announced the appointment of Luo Jiaqi, Jacky as Chief Financial Officer (CFO). Luo is responsible for the company’s overall financial management, capital planning and allocation. Luo has an experience of almost 20 years in the ... ( read original story ...)

Hong Kong's central bank raises base rate by 25 basis points

HONG KONG, March 16 The Hong Kong Monetary Authority on Thursday raised the base rate charged through its overnight discount window by 25 basis points to 1.25 percent. The move from Hong Kong's de facto central bank followed the U.S. Federal Reserve's ... ( read original story ...)

Hong Kong Losing Sheen Renders Cathay Business Model Obsolete

(Bloomberg) -- Being known as Hong Kong’s flagship carrier may best represent what’s wrong with Cathay Pacific Airways Ltd. The city of about 7.3 million people may no longer be capable of supporting a premium-service airline, especially when the 48 ... ( read original story ...)

Most-hated stocks are HK’s biggest winners

HONG KONG: When it comes to this year’s surge in Hong Kong stocks, it paid to root for the underdog. Equities with the lowest ratings from analysts have driven the market’s Asia-leading gains in 2017, streaking ahead of shares showered with buy ... ( read original story ...)

Hong Kong Regulator Fines Bocom Unit for IPO Sponsorship Lapses

Hong Kong’s securities regulator fined Bank of Communications Co.’s investment-banking unit HK$15 million ($1.9 million) for failings related to its work of a Chinese company’s initial public offering in late 2014. As sole sponsor of the listing ... ( read original story ...)

Hong Kong regulator fines Bocom unit for IPO sponsor failures

HONG KONG Hong Kong's securities regulator has fined and reprimanded a subsidiary of Bank of Communications (Bocom)(601328.SS) for failing to "discharge its duties" as a sole sponsor of a listing application of a mainland Chinese company in the city, it ... ( read original story ...)