Hong Kong’s Exchange Fund, the city’s reserves and cash arsenal for defending the currency, posted a record investment income of HK$189.8 billion in the first three quarters of this year, boosted by a rally in global stock markets, according to Hong ... ( read original story ...)
BRIEF-BOC Hong Kong enters agreement with Bank of China
* Consideration for proposed transfer of Philippines business is 4.4026 billion pesos * Consideration for proposed transfer of Vietnam business is USD152 million Source text for Eikon: Further company coverage: Our Standards:The Thomson Reuters ... ( read original story ...)
BOC Hong Kong to Buy Vietnam and Philippines Businesses From Parent for About CNY1.59 Billion
BOC Hong Kong (Holdings) Ltd. (2388.HK) said Monday it plans to buy parent Bank of China Ltd's (3988.HK) Vietnam and Philippines businesses for about 1.59 billion yuan (US$240 million), as part of a restructuring in the Asean region. Continue Reading Below ... ( read original story ...)
Bank of China HK agrees to buy Vietnam, Philippines businesses from parent
BEIJING, Nov 6 (Reuters) - BOC Hong Kong Holdings Ltd , a unit of Bank of China Ltd, said on Monday it had agreed to acquire the Vietnamese and Philippine businesses from its parent for about $238 million, the latest step in the bank’s restructuring in ... ( read original story ...)
Hong Kong’s Exchange Fund posts record investment income for first nine months, thanks to stock market rally
Hong Kong’s Exchange Fund, the city’s reserves and cash arsenal for defending the currency, posted a record investment income of HK$189.8 billion in the first three quarters of this year, boosted by a rally in global stock markets, according to Hong ... ( read original story ...)
Hong Kong property developers may have to build nursing homes, care centres, labour chief says
Hong Kong developers could be forced to build nursing homes for the elderly and day care centres as part of their property projects under a proposal being considered by the government, the city’s labour and welfare chief has told the Post. Dr Law Chi ... ( read original story ...)
Hong Kong stocks tumble as negative news triggers profit-taking; China calm
SHANGHAI, Nov 6 (Reuters) - Hong Kong stocks fell sharply on Monday morning as negative news flows at the weekend - including a corruption crackdown in Saudi Arabia and a call for tougher regulation in China - prompted profit-taking in a market that has ... ( read original story ...)
Hong Kong will need 600,000 domestic helpers in next 30 years amid demand for elderly care, labour chief says
On Vietnam, Law said the Hong Kong government needed more cooperation from the Vietnamese side to help deport current illegal immigrants. “If you read the recent news about illegal immigrants coming to Hong Kong, a very large chunk of them are Vietnamese ... ( read original story ...)
Explainer: Hong Kong’s to-do list now that it must pass a national anthem law locally
Here is an overview of issues Hong Kong must address for the law to be adopted locally. How will the national law be enforced in Hong Kong? According to Article 18 of the Basic Law, the national laws listed in Annexe III can be applied locally “by way of ... ( read original story ...)
Hong Kong’s mortgage loans fall 1.7 pct in September
HONG KONG, Oct. 31 (Xinhua) -- Mortgage loans approved in September dropped 1.7 percent compared to the previous month to 29.5 billion HK dollars (3.78 billion U.S. dollars) in China's Hong Kong Special Administrative Region, the Hong Kong Monetary ... ( read original story ...)
Residential Mortgage Survey Results for September 2017
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority announced the results of the residential mortgage survey for September 2017. The number of mortgage applications in September increased month-on-month ... ( read original story ...)
China brings anthem disrespect laws to Hong Kong
Hong Kong residents who boo the Chinese national anthem might soon face up to three years in prison. China's parliament, the National People's Congress, is extending a law on disrespecting the anthem to semi-autonomous Hong Kong and Macau. Hong Kong's ... ( read original story ...)
China extends national anthem ‘disrespect’ law to Hong Kong
The National Anthem Law, which went into effect on Oct. 1, has now been included in an annex of Hong Kong's Basic Law, or mini constitution, state news agency Xinhua said. It will also be included in an annex of Macau's Basic Law, Xinhua reported. ( read original story ...)
Hong Kong tech IPO bonanza a mixed blessing as Coach, Glencore head for the exit
A series of successful recent initial public offerings suggests Hong Kong’s stock exchange may be turning into a listing hub for technology firms. But the transformation is something of a mixed blessing as two large international companies with a ... ( read original story ...)