HSBC (0005) said in a filing with the Hong Kong stock exchange that it will commence the share buyback for up to US$2 billion (HK$15.6 billion) today until no later than December 31. HSBC said Credit Suisse will act as principal in conducting the share ... ( read original story ...)
HSBC’s fresh $2bn buyback pledge affirms turnround story
HSBC has announced a $2bn share buyback in 2017 ... Mr Gulliver said that interest rates in Hong Kong were lagging behind those in the US and that he expected them to catch up in the second half of the year, generating “another great, substantial ... ( read original story ...)
Here are the big landlords among Hong Kong’s top decision makers
Another big landlord, Arthur Li Kwok-cheung, was also an Exco member in the former government and holds more than 30 pieces of property in Hong Kong, some of which belongs to a company directed by Li and his family members. Li is a remunerated director of ... ( read original story ...)
Tycoon’s move shows mainland’s space for speculation is shrinking
Billionaire Li Ka-shing, chairman of CK Hutchison Holdings Ltd and Cheung Kong Property Holdings Ltd speaks during a news conference in Hong Kong, March 22, 2017. [Photo/VCG] HONG KONG TYCOON, Li Ka-shing put his Hutchison Global Communications on sale on ... ( read original story ...)
Malaysian firm to set up shop in Cambodia
The Malaysia-based Rahim & Co International Bhd, an international property investment consultant, has announced it will expand its presence into the Asean and Asia-Pacific markets like Cambodia, Vietnam, China and Hong Kong. Tan Sri Abdul Rahim Abdul ... ( read original story ...)
Surfers Paradise and Southport likely locations for second Gold Coast casino development
Source: DBI Design A LONG-undeveloped site in Southport, the site has been clear for nearly a year and its owner, the China-based Huixin Real Estate Group, is seeking a partner to build on the property ... Company Limited and Hong Kong billionaire Tony ... ( read original story ...)
China’s trophy case could become discount rack
HONG KONG (Reuters Breakingviews ... Meanwhile, Reuters reports the property-to-cinema firm Dalian Wanda is blocked from refinancing offshore subsidiaries. In contrast, HNA Group says it remains keen on ousted White House adviser Anthony Scaramucci's ... ( read original story ...)
SJM Holdings revenue, earnings and profit all down in H1
Figures released Tuesday show the Hong Kong-listed SJM’s gaming revenue falling 2% year ... If there was a bright spot, it was SJM’s flagship property, the Casino Grand Lisboa, which saw revenue improve 7.7% to HKD 7.3b, largely on the strength of ... ( read original story ...)
Chinese financials carry baton as Hong Kong stocks near 26-month highs
HONG KONG (Nikkei Markets) -- Hong Kong shares headed toward 26-month highs on Tuesday, with Chinese insurers and banks driving gains as earnings expectations gather wind. The Hang Seng Index added 0.7% to 27,524.07 by midday, on course for its highest ... ( read original story ...)
Hong Kong stocks poised to extend winning streak as Dow Jones hits new highs
a director of VC Brokerage in Hong Kong, said technology and financial stocks will continue their winning streak today as the significant overnight gain in Wall Street is likely to spill over to the bourse. “The market is now in a hot trend,” he said. ( read original story ...)
Hang Seng Bank’s first half profit up 23pc on lower bad debt, improved market sentiment
He said Hang Seng Bank would increase its dividend payment by at least HK$0.3 per share in 2017. The downside risk, Agarwal said, would be a sharp increase in bad loans in Hong Kong and mainland China. “Also, a very high interest rate increase would be ... ( read original story ...)
Saudi Aramco IPO Pits London Against New York
This close involvement could work in favor of a listing in Hong Kong, home to China’s biggest bourse that accepts IPOs by companies based in other countries. China Investment Corp., the nation’s sovereign wealth fund, could take part in an Aramco ... ( read original story ...)
Hong Kong’s China problem makes it hard to implement tough talk
Hong Kong’s financial watchdogs are toughening their language ... Recently both the HKEX and the SFC have begun acting more aggressively in individual cases to block IPOs or question capital raisings. In the past year, the two have also consulted ... ( read original story ...)
Baidu competitor says to focus on AI as it plans U.S. IPO
HONG KONG (Reuters) - China's second-largest mobile search engine ... Sogou declined to comment on the possible size of the IPO. Wang told Bloomberg in an interview in January that Sogou was targeting a valuation of $5 billion. Sogou merged with Tencent's ... ( read original story ...)