Hong Kong’s Hang Seng Index rose Thursday morning ... “The asset purchases are good for Sunac and R&G as that will be helpful to expand their business scopes,” said Ken. In mainland trading, the Shanghai Composite Index added 0.2 per cent, or ... ( read original story ...)
Why protecting Hong Kong’s freedoms is in China’s best interests
It is silly season, when a goodly part of Hong Kong travels overseas. I have been no exception, and frequently check news from home through the South China Morning Post’s website. Most recently, I have not needed to – for we have made the global news. ( read original story ...)
Hong Kong’s fund management business grows steadily in 2016
The Hong Kong Securities and Futures Commission (SFC) has today released its annual Fund Management Activities Survey (FMAS) which shows that the combined fund management business in Hong Kong increased by 5.2% year-on-year to $18,293 billion as of 31 ... ( read original story ...)
Hong Kong lawmakers approve extra cash for education after angry final session
Hong Kong’s divided legislature on Wednesday finally approved the government’s funding boost of HK$3.6 billion for education, but relations between the administration and opposition lawmakers were left in tatters over the recent disqualification of ... ( read original story ...)
Hong Kong foreign domestic helper arrested over indecent assault case
A foreign domestic helper was in police custody on Wednesday night after being arrested on suspicion of indecently assaulting her employer’s 10-year-old son, who was in her care. The 47-year-old woman was detained after her employer – the boy’s ... ( read original story ...)
Tencent, Geely Lead Hang Seng Higher
The city’s benchmark Hang Seng Index traded ... in the near term, Hong Kong stocks might have to consolidate at current level,” says KGI Securities director Ben Kwong. He says investors are focusing on the European Central Bank’s meeting on Thursday ... ( read original story ...)
Chinese lender Zhongyuan Bank set to open 2.9 pct higher in HK debut
HONG KONG, July 19 (Reuters) - Shares in Zhongyuan Bank Co Ltd ... The stock was indicated to open at HK$2.52, compared with the HK$2.45 IPO price. The benchmark Hang Seng index was poised to open 0.1 percent higher. Zhongyuan Bank priced the 3.3 billion ... ( read original story ...)
Earning Fast Track to Hong Kong, Rover Parking Named Top Startup by Infinti
Infiniti Lab Toronto announced the top startup from its inaugural demo day this week. The smart cities pre-accelerator program graduated its first-ever North America cohort and Toronto’s Rover Parking finished ahead of the pack. Rover, an app-based ... ( read original story ...)
‘Just buzz us’ – says Hong Kong’s on-demand tech support startup
In relentless efforts to "Deliver quality customer experience" to every Hongkonger, the Buzzer team formed by in-house tech experts can just fix any problem on these devices. "Just reach for the phone, tap in a request and Buzz - your every problem is ... ( read original story ...)
Hong Kong, the AIIB, and the Evolving Geography of Finance: A World Financial Center in the Making?
Bank of China Hong Kong (BoC HK), the second largest commercial bank in the city, and actually one of the key strategic corporates in Hong Kong, is leading the pack. BoC HK is in the process of acquiring its parent Head Office’s (BoC China, Beijing ... ( read original story ...)
UPDATE 1-Chinese lender Zhongyuan Bank gains 2 pct in Hong Kong debut
HONG KONG, July 19 (Reuters) - Shares in Zhongyuan Bank Co Ltd, the largest city commercial bank in central China's Henan province, rose 2 percent in their trading debut on Wednesday despite weak demand from retail investors for the lender's $1 billion ... ( read original story ...)
Hong Kong skyscrapers world’s most expensive, Knight Frank says
SINGAPORE: Skyscrapers in Hong Kong are the world’s most expensive commercial real estate assets, according to Knight Frank LLP. Hong Kong skyscrapers are worth US$8,000 per square foot, about 60% more than Tokyo’s tall towers, according to a Knight ... ( read original story ...)
Zhongyuan shares make sluggish debut in Hong Kong after investors spurn bank’s IPO
Zhongyuan Bank, the biggest city lender in central China, made a sluggish debut on the Hong Kong stock exchange, after investors gave the city’s third-biggest initial public offering of 2017 the cold shoulder. The bank’s shares traded for the first ... ( read original story ...)
Hong Kong Book Fair kicks off, bigger than ever
The Hong Kong Book Fair’s organiser still expects about 1 million visitors, similar to last year’s turnout. “I think the rain will not put out the Hong Kong people’s passion for reading,” said Benjamin Chau Kai-leung, deputy executive director of ... ( read original story ...)