Hong Kong’s Bar Association was “appalled” by a decision made by China’s top legislative body on a joint checkpoint plan for a cross-border rail link, saying the move was the most retrograde step since 1997, with the city’s mini-constitution ... ( read original story ...)
Hong Kong eyes blockbuster China tech IPO queue, led by Xiaomi
HONG KONG (Reuters) - Hong Kong bankers are eyeing a slew of blockbuster IPOs from Chinese technology firms with a total market capitalization of some $500 billion over the next two years, in a sharp contrast to 2017 - the city’s worst year for raising ... ( read original story ...)
Debts lurking in China’s shadow banking system
SHANGHAI/BEIJING/HONG KONG: In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at the bank had a special deal to ... ( read original story ...)
New wave of Cambodian domestic helpers ‘know risks’ that come with working in Hong Kong
“They are really smart to understand Hong Kong law and [how it can protect them],” Fung said. “It is good for them to know about this, so they can spread the news to Cambodia and more [helpers] will feel confident about coming to Hong Kong. ( read original story ...)
New reign set at BOC unit
But the Chinese-language Apple Daily reported that Gao would become the new head of BOC Hong Kong.... BOC Hong Kong's (2388) 60-year-old chief executive Yue Yi will soon retire, and Bank of China's (3988) executive vice president Gao Yingxin is reportedly ... ( read original story ...)
Hong Kong stocks rise as oil-price surge boosts PetroChina and CNOOC
Hong Kong stocks rose on Wednesday when trading resumed after the Christmas break, as a rally in oil producers countered losses in smartphone suppliers. The Hang Seng Index advanced ... Co propelled China Construction Bank Corporation to as much as HK$ ... ( read original story ...)
Beijing’s top office on Hong Kong affairs says city ‘must implement’ controversial joint checkpoint for high-speed rail
“[Authorities] on the mainland and in Hong Kong must execute [the NPCSC’s] decision,” a HKMAO spokesman said to state-owned news agency Xinhua. The NPCSC’s decision was described as “an important constitutional judgment that cannot be challenged ... ( read original story ...)
Hong Kong regulator sets rules for sale of uncompleted overseas property for the first time
The regulator of property agents in Hong Kong has issued guidelines for the sale of uncompleted overseas properties by local agents following repeated complaints by buyers, a move supported by companies in the sector. The Estate Agents Authority issued a ... ( read original story ...)
Hong Kong and mainland stocks advance as property developers and liquor distillers lead rally
Hong Kong’s benchmark Hang Seng Index advanced 0.9 per cent, or 266.05 points, to 29,863.71 at the close, while the Hang Seng China Enterprises Index rose 0.6 per cent. The Shanghai Composite Index also added 0.6 per cent. Trading on both markets was ... ( read original story ...)
Local prime rate seen rising in second half
HSBC Holdings (0005) and BOC Hong Kong (Holdings) (2388) said prime rate in Hong Kong is likely to increase in the second half of next year. George Leung Siu-Kay, an advisor at HSBC Asia Pacific, said whether Hong Kong increases prime rate will depend on ... ( read original story ...)
BOC Aviation Inks Deal For Sale Of Two Aircraft, Market Appraised Value $251 Mln
HONG KONG (Dec 22) -- BOC Aviation, a Hong Kong-listed aircraft operating leasing company, said Friday it has entered into an agreement for sale of two Boeing 777-300ER aircraft. The aggregate current market appraised value of the aircraft, as an average ... ( read original story ...)
Punters fail to cash in as BOC notes flop
The centenary commemorative note of Bank of China (Hong Kong) has been a major flop for speculators after buyers offered less than the original price on the first day of its release.In a move marking its largest release of new notes, BOC sold five million ... ( read original story ...)
Bank of China Group Insurance Co. Ltd. ‘A-‘ Rating Affirmed; Outlook Stable
We expect the insurer to benefit from the long-term commitment, management resources support, and access to client base from BOC. BOCG Insurance benefits from client referral from sister company, Bank of China (Hong Kong) Ltd., which has a broad network ... ( read original story ...)
Lee George Lam B.Sc., M.Sc., MBA, DPA, LL.B. (Hons), Ph.D., FHKlo
Dr. Lam serves as an Advisor of Investment Banking at BOC International Holdings Ltd. He serves as the Chief Adviser to Macquarie Infrastructure and Real Assets Asia. He serves as the Honorary Advisor to the Hong Kong Business Angel Network (HKBAN). ( read original story ...)