Month: April 2017

Retail banking in Hong Kong seems resilient if you look at the number of outlets. Elsewhere in the world, bank branches have been closing; in Hong Kong, by and large, they have stayed open. HSBC will have halved its UK presence compared to 2011 by the end ... ( read original story ...)

It’s a favorite topic in Hong Kong’s traditional cha chaan teng , or tea shops: How much higher can property prices go? Housing in the Asian finance hub is already the world’s most unaffordable, having surged nearly 200% since the financial crisis in ... ( read original story ...)

Tight control over banks and their senior personnel has long given China a ready-made platform to control its financial institutions. But controlling the effects of financial contagion is very different from the supply side policies that central planners ... ( read original story ...)

Disgraced former Hong Kong leader Donald Tsang Yam-kuen has received support ... were paid for by the government under rules agreed by the Legislative Council’s Finance Committee in 2005, which backed a set of proposals by an independent commission ... ( read original story ...)

According to police, a high percentage of the illegal imports are coming from Hong Kong. Japanese customs detected a mere eight attempts to smuggle gold into Japan in the 12 months to June 2014, according to the Coordination Division of the Finance ... ( read original story ...)

Secretary for Commerce & Economic Development Gregory So has signed a deal to boost Hong Kong's wine business with Champagne, France. The deal will facilitate co-operation in wine education and training, culinary arts, tourism and trading activities. ( read original story ...)

Goldberg Law PC, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of China Unicom (Hong Kong) Limited (“China Unicom” or the “Company”) (NYSE: CHU). The investigation concerns whether ... ( read original story ...)

2017 Hong Kong Electronics Fair has attracted large numbers of branded and influential exhibitors all over the world. This year, Airwheel joined the exhibition with its newly-developed electric scooters and electric foldable bikes, like R3. Have interest ... ( read original story ...)

Says non-performing loans ratio at 1.59 percent at end-March * Says capital adequacy ratio at 12.98 percent at end-March Source text in English: bit.ly/2oSaQJN Further company coverage: ($1 = 6.8972 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) ( read original story ...)

April 28 BOC Hong Kong Holdings Ltd: * Q1 net operating income before impairment allowances HK$11,455 million versus HK$9,415 million * Qtrly net interest income and net interest margin increased on a year-on-year and quarter-on-quarter basis * Q1 ... ( read original story ...)