HONG KONG (Reuters) - China's largest state-owned commercial banks ... and has already been running roadshows with investors. Bank of China (BOC) (601988.SS) (3988.HK), another major state bank, aims to raise around 20 billion yuan for a similar fund ... ( read original story ...)
ASIA MARKETS: Hong Kong Stock Gauge Takes Shot At 28,000 On Fed Relief, AAC Rally
HONG KONG (Aug 28) -- Hong Kong's benchmark stock gauge climbed ... (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC) and Bank of China (BOC) are all scheduled to report interim results on Wednesday. U.S. stocks mostly rose and ... ( read original story ...)
Hong Kong businessman David Tang dies at 63
Hong Kong businessman and socialite David Tang, known as the founder of international fashion brand Shanghai Tang, has died at the age of 63, it was announced Wednesday. "He will be sorely missed as a friend and FT columnist," tweeted Lionel Barber ... ( read original story ...)
Hong Kong businessman and socialite David Tang dies
HONG KONG (AP) — David Tang, a flamboyant and outspoken socialite and entrepreneur who founded the Shanghai Tang fashion brand, has died. He was 63. The Financial Times newspaper, for which he wrote a popular tongue-in-cheek advice column, reported Tang ... ( read original story ...)
HK startup GoGoVan to merge with China-based 58 Suyun
GoGoVan, a Hong Kong startup that has created an app-based platform for logistics services through vans, will be merging with mainland-based 58 Suyun, a freight unit of internet marketplace 58 Home. When the transaction is completed, 58 Home will emerge ... ( read original story ...)
HSBC Holdings plc (Hong Kong) (0005) Moves Up 0.67% on Aug 28
HONG KONG: Shares of HSBC Holdings plc (Hong Kong) (HKG:0005) last traded at 75.5, representing a move of 0.67%, or 0.5 per share, on volume of 11.28 million shares. After opening the trading day at 74.8, shares of HSBC Holdings plc (Hong Kong) traded in a ... ( read original story ...)
Chengdu Seeks Hong Kong Cooperation in Finance and Culture
CHENGDU, China, Aug. 29, 2017 /PRNewswire/ The city of Chengdu plans to draw on a thousand years of financial acumen to boost economic cooperation with Hong Kong, according to municipal officials visiting the Special Administrative Region for a weeklong ... ( read original story ...)
Hong Kong stock rally draws record number of brokers, fund managers
Hong Kong’s stock market is making a comeback ... we may revoke the licences of corporations and individuals if they do not genuinely carry out a business in a regulated activity,” the SFC statement said. “This followed our observation that an ... ( read original story ...)
Business community in Hong Kong ‘should do more to tackle human-trafficking in Asia’, says former US prosecutor and diplomat
Former ambassador to the US department’s Office to Monitor and Combat Trafficking in Persons, Luis CdeBaca, has called on the financial industry in Hong Kong to do their bit combating human-trafficking in the region and urged the city’s government to ... ( read original story ...)
Retail sales in Hong Kong see highest growth in over two years thanks to local consumption
A stock market boom and rising property prices in July prompted Hong Kong retail sales to grow at their fastest rate in more than two years, potentially spelling the end of a years-long downturn. July sales jumped 4 per cent compared with the same period ... ( read original story ...)
Small doesn’t come cheap – Hong Kong’s nano flats cost 9 per cent more in square footage
Hong Kong’s second-hand tiny flats are 9 per cent more expensive than larger ones on a per square foot basis, as record-high home prices and government cooling measures have created a mismatch between supply and demand. The average per square foot price ... ( read original story ...)
Is Hong Kong’s Reputation for Financial Secrecy About to Change?
Hong Kong is currently one of the fastest growing international financial centers in the world. Between 2008 and 2013, Hong Kong’s wealth management industry witnessed a growth rate of 146 per cent. There has also been estimation about Hong Kong’s ... ( read original story ...)
Hong Kong tech startup plans up to $150 million token sale for environmental credit market
NEW YORK (Reuters) - Veridium Labs, an environmental technology startup headquartered in Hong Kong, said on Monday it hopes to raise $150 million in October by selling two types of tokens backed by forest carbon offset credits and other credits used to ... ( read original story ...)
Hong Kong teams up with Dubai to promote fintech innovation
Hong Kong’s securities watchdog has teamed up with its counterpart ... for customers but many brokers are still hesitant to widely adopt fintech or AI in their business for fear of liability and regulatory issues,” said Mau. “If the SFC and other ... ( read original story ...)