The Panama Papers leak also drew attention to how wealthy individuals use offshore companies, many of them structured by intermediaries based in Hong Kong, to conceal assets. The global anti-money laundering body, the Financial Action Task Force (FATF), is ... ( read original story ...)
Hong Kong's Central Bank is Trialing a Digital Currency
Hong Kong's de facto central bank is developing a prototype digital currency. The disclosure came in a Hong Kong legislative document published by the Legislative Council Panel on Financial Affair this week and dated 18th April. According to the note, the ... ( read original story ...)
Shell (RDS.A) to Divest Hong Kong LPG Business for $150M
Anglo Dutch oil giant Royal Dutch Shell PLC RDS.A recently signed a deal to divest its liquefied petroleum gas business in Hong Kong and Macau to oil and LPG supplier, DCC Energy Ltd. which is a subsidiary of DCC plc DCCPF. For Shell, the deal is part of ... ( read original story ...)
DDB Group Hong Kong strengthens global business unit with high profile hires
HONG KONG - Award-winning creative advertising agency DDB Group Hong Kong has bolstered its international business team to offer global brands a full suite of digital, mobile and integrated marketing services as a launch pad into the Asia Pacific region ... ( read original story ...)
Thriller 'Trivisa' wins big at Hong Kong Film Awards
The movie, which takes place on the eve of the Hong Kong's 1997 handover from Britain, also took home awards for best director and best actor on Sunday evening. News sites in mainland China downplayed their coverage, which Hong Kong media speculated was ... ( read original story ...)
Hong Kong Property Prices Are Near Their Peak: JPMorgan
Hong Kong housing prices are close to their peak and economically “unsustainable,” said Cusson Leung, managing director at J.P. Morgan Chase & Co.’s Asia Pacific equity research unit. Price increases in the world’s most expensive home market have ... ( read original story ...)
Hong Kong No Longer Top IPO Destination
New York has displaced Hong Kong as the world’s top destination for initial public offerings (IPOs) of stock during the first three months of 2017. A lack of major stock offerings sent Hong Kong—the main Stock Exchange of Hong Kong (HKEX) and the ... ( read original story ...)
Hong Kong stocks edge up at open
HONG KONG: Hong Kong stocks opened slightly higher Monday, though gains were tempered by a below-forecast US jobs report last week with uncertainty fuelled by the US missile attack on Syria. The Hang Seng Index edged up 0.14 per cent, or 34.71 points ... ( read original story ...)
Hong Kong stocks barely move as investors weigh geopolitical worries
April 10 Hong Kong stocks barely changed on Monday, with market turnover the lowest in two months as investors were reluctant to place bets amid concerns about growing geopolitical risks over Syria and North Korea. The benchmark Hang Seng index was almost ... ( read original story ...)
Hong Kong stocks nudge lower in thinner trade before Easter
Hong Kong stocks finished slightly weaker on Monday ... a move analysts say might provoke Pyongyang. The Hang Seng Index bounced between gains and losses during the day, before closing down 5.12 points, less than 0.1 per cent, at 24,262.18. ( read original story ...)
Hong Kong stocks close 0.02 pct lower
Hong Kong stocks closed down 5.12 points, or 0.02 percent to 24,262.18 points on Monday. The benchmark Hang Seng Index traded between 24,215.54 and 24,314.66. Turnover totaled 65.104 billion Hong Kong dollars (about 8.389 billion U.S. dollars). ( read original story ...)
Before the Bell: Five things every investor needs to know
Overseas, Tokyo’s Nikkei gained 0.7 per cent, while Hong Kong’s Hang Seng dipped slightly and the Shanghai composite ... Traders will be looking ahead to the Bank of Canada rate decision and release of the central bank’s latest monetary policy ... ( read original story ...)
Geopolitical Risks Help Dollar to Maintain Firm Tone
On Wednesday, the Bank of Canada (BoC) publishes its monetary policy ... Elsewhere, the Aussie S&P/ASX 200 Index added +0.9%. In Hong Kong, the Hang Seng index fell -0.1%, while China’s Shanghai Composite slipped -0.5%. In South Korea, the Kospi index ... ( read original story ...)
Hong Kong shares flat as US policy caution, geopolitical risks weigh
HONG KONG (Nikkei Markets) -- Hong Kong shares were flat after ... senior strategist at South China Financial Group. "For the Hang Seng Index to break out of its range, a lot will depend on U.S. data and how markets perform." The Shanghai Composite slipped ... ( read original story ...)