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Month: October 2020

Posted on 12/10/2020

Stocks start higher ahead of big week for company earnings

Chinese shares led advances in Asia. Hong Kong's Hang Seng jumped 2.2% to 24,649.68, while the Shanghai Composite added 2.6% to 3,358.46. But elsewhere, investors growing wary over upcoming ... ( read original story ...)

Posted on 12/10/2020

Hong Kong chief executive postpones key policy speech

Carrie Lam to consult Beijing in attempt to protect city’s status as international finance hub ... ( read original story ...)

Posted on 12/10/2020

Mainland Chinese bankers are taking over Hong Kong’s financial sector, displacing their local peers in top roles

Hongkongers’ share of investment banking jobs in the city has slumped to about 30 per cent from 40 per cent two years ago, while mainlanders now account for more than half of senior roles. ( read original story ...)

Posted on 12/10/2020

Deutsche Bank subsidiary files petition seeking liquidation of Hong Kong-listed developer Goldin Financial Holdings

A subsidiary of Deutsche Bank has filed a petition in Bermuda seeking the liquidation of Hong Kong-listed developer Goldin Financial Holdings, the company said in a filing to the city’s exchange on ... ( read original story ...)

Posted on 12/10/2020

Hong Kong leader seeking Beijing’s help for ailing economy

Hong Kong Chief Executive Carrie Lam said Monday she will fly to Beijing to ask Chinese leaders for help to pull the territory out of its economic slump. Lam said an annual speech she was due to make ... ( read original story ...)

Posted on 12/10/2020

Hong Kong leader postpones policy speech after Beijing summons

Hong Kong's leader on Monday announced she had postponed a policy speech after being ordered to travel to mainland China for meetings with central government officials. ( read original story ...)

Posted on 12/10/2020

Hong Kong protests: student biting off part of policeman’s finger while being subdued ‘not a reflex action’

A Hong Kong student accused of biting off part of a policeman's finger has pleaded not guilty to assault charges, as prosecutors on Monday argued the bite was a deliberate act, rather than a reflexive ... ( read original story ...)

Posted on 12/10/2020

ICBC’s Biggest Surge in 3 Years Bodes Well for Hong Kong Stocks

Justin Chin/Bloomberg For some investors, Chinese bank shares in Hong Kong finally became cheap enough to buy. Industrial & Commercial Bank of China Ltd. surged as much as 7.2%, its best intraday gain ... ( read original story ...)

Posted on 12/10/2020

Hong Kong government should turn to private sector to help make Lantau Tomorrow Vision dream a reality, think tank says

Our Hong Kong Foundation says officials should consider options for funding Lantau Tomorrow Vision after city’s cash reserves were battered by coronavirus. ( read original story ...)

Posted on 12/10/2020

APAC Stocks Weekly Outlook: Dow Jones, Hang Seng Index, ASX 200

Pacific equities started the week on a positive note, led by mainland China and Hong Kong markets. The offshore renminbi (CNH) fell. Australian shares test a key resistance. ( read original story ...)

Posted on 12/10/2020

Hong Kong leader delays policy address until Beijing visit

Hong Kong leader Carrie Lam says her annual policy address scheduled for this week will be delayed until she travels to Beijing to ask the Chinese central government for help with measures to help her ... ( read original story ...)

Posted on 12/10/2020

Hong Kong leader postpones annual policy address until after Beijing talks

Hong Kong Chief Executive Carrie Lam has postponed her annual policy address scheduled for Wednesday in order to go to Beijing for talks on how the central government can help with the financial hub's ... ( read original story ...)

Posted on 12/10/2020

Hong Kong Bankers Are Losing Their Jobs to China Rivals

Hong Kong’s homegrown investment bankers are rapidly losing their status as the city’s go-to dealmakers, supplanted by mainland Chinese rivals who now hold a majority of senior jobs in Asia’s biggest ... ( read original story ...)

Posted on 12/10/2020

US blocks Hong Kong users from some government websites

The US has blocked Hong Kong residents from accessing at least two federal government websites that provide economic data, in a development that could fuel rising tensions between Washington and ... ( read original story ...)

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