Profit before tax up 13% to HK$115,619m (HK$102,707m in 2016) Attributable profit up 13% to HK$88,530m (HK$78,646m in 2016) Return on average ordinary shareholders' equity of 13.7% (13.0% in 2016) Total assets up 5% to HK$7,943bn (HK$7,549bn at 31 December ... ( read original story ...)
Hong Kong bourse operator unveils multifunctional HKEX Connect Hall at site of trading hall
It also has a museum area that will tell the history of Hong Kong’s stock market, which started trading in 1891. ‘Red debut’: HSBC and Hang Seng Bank results expected to lead stocks up on first day of Year of the Dog The connect hall has been built ... ( read original story ...)
Hong Kong university joins forces with Russian institution to launch EMBA programme
Hong Kong University of Science and Technology (HKUST) has partnered with the Moscow School of Management (SKOLKOVO) to launch a dual-degree EMBA programme, a response to the development of a Eurasian economy thanks to the “Belt and Road Initiative”. ( read original story ...)
Hong Kong tourist who died in Philippine snorkelling accident also frequented city’s outlying islands
The Hong Kong tourist who died last Saturday in a snorkelling accident in the Philippines was an avid traveller and photographer who frequented outlying islands with his wife. Hong Kong’s Immigration Department confirmed on Sunday that the 54-year-old ... ( read original story ...)
HSBC expected to post 1.5 per cent rise in full year profit on Tuesday
HSBC, Hong Kong’s largest bank, will report a slight increase in its full-year profit on Tuesday, analysts said, as rising interest rates push its revenue higher, particularly in Hong Kong. A poll of analysts by Thomson Reuters expects the bank to post a ... ( read original story ...)
Hong Kong says case against former chief still open
Hong Kong's Department of Justice is still considering whether to prosecute the city's former leader, Leung Chun-ying, over a controversial payment by Australian engineering firm UGL in 2011 as part of a deal to acquire his commercial real estate business ... ( read original story ...)
Budget surplus can help free our elderly poor from financial prison in Hong Kong
It is budget time. In what has become an annual ritual, the financial secretary has urged the public to give him ideas for a good financial plan of action. And, Paul Chan Mo-po is right: this year, more than ever, he can afford to be bold and creative. ( read original story ...)
PNB Fraud: Hong Kong regulator seeks status report from Indian banks
MUMBAI: Hong Kong’s central bank, the Hong Kong Monetary Authority, has begun questioning branches of Indian banks located there about the developments involving the Rs 11,300-crore Punjab National Bank fraud, said two senior bank officials who did not ... ( read original story ...)
Cash handouts or infrastructure? Hong Kong politicians disagree on how next budget can help elderly
Hong Kong lawmakers across the political spectrum have urged the government to spend its massive surplus wisely in its coming budget blueprint by investing heavily in medical and elderly care infrastructure, which they say has failed the city’s seniors. ( read original story ...)
Hang Seng Bank set to report 16.5 per cent increase in net profit on Tuesday
Hang Seng Bank, Hong Kong’s third-largest bank by assets, is expected to report strong growth in its 2017 profit on Tuesday thanks to improved interest rate income, amid stronger profits for Hong Kong banks across the board. A poll of analysts conducted ... ( read original story ...)
Milk spas and manicures: A Hong Kong dog’s life
For Hong Kong poodle Cream, grooming goes way beyond a brush and toe-clip -- her deluxe once-a-month pampering includes lavender oxygen therapy and a milk bath. As the city welcomes the Year of the Dog, pet owners are pushing out the boat more than ever to ... ( read original story ...)
Hong Kong prosecutors ‘still not decided’ whether to charge CY Leung over HK$50 million UGL deal
At dispute this week was a TVB news report which quoted sources suggesting government ... from a private corporation during his term without any declaration, then Hong Kong’s integrity system is set to face a huge challenge,” he said. ( read original story ...)
Hong Kong directors buy more of their companies’ shares in Lunar New Year holiday week
Buying of shares in their own companies by Hong Kong directors surged during the holiday-shortened week of February 12 to 15, after falling for three straight weeks, while selling plunged, based on filings to the Hong Kong stock exchange. A total of 18 ... ( read original story ...)
Hong Kong election laws set for review in light of court ruling upholding ban on localist candidates
A review of Hong Kong’s electoral laws will be conducted in the wake of a recent court ruling which affirmed officials’ power to ban candidates from elections because of their political views, the city’s constitutional affairs chief said on Sunday. ( read original story ...)