Hong Kong developer stocks reversed earlier gains after Chief Executive Carrie Lam’s maiden policy speech didn’t spell out proposals to boost land supply or detail a highly anticipated plan to convert farm land into homes in the world’s least ... ( read original story ...)
Lalamove Scores $100M Investment From China: Is This Hong Kong’s Next Unicorn?
Pulling in close to news of Hong Kong startup GoGoVan’s merger with 58 Suyun – a deal that reportedly makes the combined group worth $1 billion – another Hong Kong-based startup, Lalamove, announced its Series C funding of $100 million, led by ... ( read original story ...)
Hong Kong leader says to cut taxes, ease housing crunch in maiden policy address
(Corrects to clarify figure in first paragraph refers to Hong Kong dollars) HONG KONG, Oct 11 (Reuters) - Hong Kong will cut company profits tax to 8.25 percent for the first HK$2 million of earnings, Hong Kong's Chief Executive Carrie Lam said in her ... ( read original story ...)
China to issue $2bn dollar-denominated sovereign bonds in Hong Kong
China’s government has announced plans to issue $2bn of dollar-denominated sovereign bonds in Hong Kong, the first such issuance in 13 years. The Ministry of Finance said in an announcement on Wednesday that it would in the coming days issue a total of $ ... ( read original story ...)
Hong Kong regulator probing 15 firms for IPO sponsorship roles
HONG KONG (Reuters) - Hong Kong’s securities regulator is probing “substandard work” done by 15 firms in their roles as sponsors for initial public offerings (IPO) in the Asian financial hub, a senior official said on Wednesday. Speaking at the ... ( read original story ...)
ADRs End Higher; HSBC, Total Trade Actively
HSBC Holdings PLC (HSBC, HSBA.LN, 0005.HK) and Total SA (TOT, FP.FR) were among those with ADRs that traded actively. HSBC shares have benefited from the company's international exposure following the U.K.'s vote to leave the European Union, though ... ( read original story ...)
Hong Kong stocks jump toward 10-year high on mainland buying
HONG KONG (Nikkei Markets) -- Hong Kong shares revisited a near 10-year high on Tuesday, paced by gains for HSBC Holdings and developers as mainland investors continued to pour money into the local market. The Hang Seng Index added 0.6% to 28,490.83 ... ( read original story ...)
HSBC : Commonwealth Games elate coach
10/09 HSBC: Transaction in own shares 9 October 2017 - Announcement made to the HK st.. 10/09 HSBC: Director/PDMR Shareholding - Paulo Maia - Announcement made to the HK sto.. 10/09 HSBC: Director/PDMR Shareholding - Paulo Maia (2-page PDF 144KB) ( read original story ...)
HSBC, Lloyds Banking, Royal Bank of Scotland
HIGHLIGHTS * BME : RBC raises to sector perform from underperform * HSBC Holdings Plc : Credit Suisse cuts to underperform ... HSBC Holdings Plc : Credit Suisse raises target price to HK$62.90 from HK$61.00 * HSBC Holdings Plc : Credit Suisse ... ( read original story ...)
Hong Kong fans jeer China’s national anthem
HONG KONG (Reuters) - Hong Kong soccer supporters again jeered China's national anthem on Tuesday as tensions between sections of the city's population and the mainland Chinese authorities continue to simmer. A group of fans at Hong Kong Stadium for the ... ( read original story ...)
HK property stocks rise ahead of chief executive’s maiden policy address
Hong Kong property stocks lead gains in blue-chip index , with shares of New World Development hitting a four-year high ahead of a policy address on Wednesday by the city's new leader, Carrie Lam ** Chief Executive Lam is set to map out the vision and ... ( read original story ...)
How Hong Kong can maintain a competitive edge in fintech development
Hong Kong is a well-known international financial centre, and financial technology is one of the major trends affecting the global financial community. Two weeks ago, the Hong Kong Monetary Authority outlined a plan to launch an enhanced fintech supervisor ... ( read original story ...)
GT : DISCLOSABLE TRANSACTION IN RELATION TO PROVISION OF FINANCIAL ASSISTANCE
(Incorporated in Hong Kong with limited liability) The Board is pleased to announce that on 10 October 2017, the Loan Agreement was entered into between Global Wealth Finance as lender and the Borrower as borrower pursuant to which, Global Wealth Finance ... ( read original story ...)
Hong Kong stocks rise, bolstered by telecom and property firms
Oct 10 (Reuters) - Hong Kong shares shrugged off modest losses on Wall Street to end higher on Tuesday, aided by strong gains in telecoms and property firms. The Hang Seng index rose 0.6 percent, to 28,490.83 points, while the China Enterprises Index ... ( read original story ...)