There is a possibility that tomorrow’s BoC statement could emphasizes their cautious outlook ... some of the dollar-driven gains they made in yesterday’s session. In Hong Kong, the benchmark Hang Seng Index rose to a record closing high overnight ... ( read original story ...)
ASIA MARKETS: Hong Kong Stocks Score Fresh All-time High
Hong Kong's Hang Seng Index rose 0.3% to end at 31,983.41 ... 01:24p TSX set to open higher ahead of BoC interest rate decision 12:07p MARKET SNAPSHOT: Dow Futures Point To Triple-digit Gain And Fresh Push Toward 26,000 12:07p CHARLES SCHWAB: Dow Futures ... ( read original story ...)
Hang Seng hits a record while other Asian markets fight for gains
While other Asian markets mostly marked time Friday, Hong Kong’s Hang Seng Index rose to a record ... The Hang Seng HSI, +1.53% was recently up 1.6% on strength in bank stocks, a major part of the index. organ Stanley boosted its stock target on ... ( read original story ...)
Hang Seng rises for 7 weeks in a row, hits record high
The top gainer on Hang Seng was China Construction Bank Corp , up 6.07 percent ... At close, China’s A-shares were trading at a premium of 28.36 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was ... ( read original story ...)
Hong Kong’s benchmark stock index resumes upwards trajectory
Hong Kong’s benchmark stock index has resumed its upwards trajectory after closing at a record two days earlier, as a weaker currency drove investors to park their dollars in assets that could offer higher returns, such as equities and real estate. ( read original story ...)
Homeless in Hong Kong: soaring costs fuel housing crisis in Asian financial hub
HONG KONG (Reuters) - Cheung Muk-gun's home is an illegal, wooden shack under a highway in one of the poorest areas of Hong Kong, where sky-high property prices and a yawning wealth gap have helped fuel a surge in homelessness. The 72-year-old earns about ... ( read original story ...)
Hong Kong shoemaker sued by fashion brands Bottega Veneta and Balenciaga for copyright infringement
A famous Hong Kong shoemaker was on Wednesday sued by international fashion houses Bottega Veneta and Balenciaga over an alleged copyright infringement. The two brands demanded an unspecified sum of damages as well as court injunctions to restrain Ng Chung ... ( read original story ...)
Why do Hong Kong tycoons hold on to their wealth while Westerners give back so much?
When property and casino magnate Lui Che-woo of K Wah Group obliged, I wondered if I would get straight answers. But that’s exactly what I got over a lunch of takeaway fishball noodles with Hong Kong’s third-richest man. A huge cultural difference ... ( read original story ...)
Hong Kong stocks are not yet ‘richly valued’, expect the rally to continue on mainland fund inflows, analysts say
Hong Kong’s stock market has started the year with a vigorous, record-breaking rally. But there is still room for valuations to head higher, especially given accelerating fund inflows from the mainland, according to China International Fund Management ... ( read original story ...)
Virtual banks queue for slice of Hong Kong market, as HKMA pushes fintech adoption
“So far, we have received enquiries from over 10 local and overseas firms about setting up a virtual bank in Hong Kong,” said a spokeswoman for the Hong Kong Monetary Authority (HKMA). In addition, the HKMA will publish a revised guideline for the ... ( read original story ...)
Hong Kong stock market likely to fall after extended bull run
Hong Kong’s stock market is likely to open lower on Thursday after a mixed performance on Wall street overnight. The Hang Seng Index futures spot January contract was down 0.12 per cent, or 39 points, to 32,858 in the pre-trade session on Thursday morning. ( read original story ...)
OMD Hong Kong appoints senior digital business director
OMD Hong Kong has appointed Thomas Hebditch as senior digital business director. In this new role, Hebditch will be responsible for leading the agency’s digital growth strategy, ensuring the constant evolution of its digital product and strengthening ... ( read original story ...)
5 Small Business Investment Opportunities in Hong Kong [Infographic]
Thinking of starting your new business in Hong Kong and lacking new business ideas? Or looking for new business opportunities in Hong Kong? Starting a new business requires your complete determination and clarity about what you want and how you can grow ... ( read original story ...)
OMD Appoints Thomas Hebditch as Senior Digital Business Director in Hong Kong
OMD Hong Kong has appointed Thomas Hebditch as Senior Digital Business Director tasked with leading the agency’s digital growth strategy. Hebditch joins the Hong Kong office from sister agency Manning Gottlieb OMD in the UK, where he was Account Director ... ( read original story ...)