Analysts at Jefferies Financial Group decreased their FY2022 earnings per share estimates for Hang Seng Bank in a research report issued on Thursday, June 30th. Jefferies Financial Group analyst now ... ( read original story ...)
China and Hong Kong to launch rate ‘Swap Connect’ toward financial integration
The move, announced on the same day China and Hong Kong launched ETF Connect, and came after similar schemes facilitating cross-border stock and bond investments, represents the latest efforts toward ... ( read original story ...)
Rising interest rates to be Hong Kong banks’ saving grace
NIMs are expected to rise and outweigh asset quality deterioration in the near term. Hong Kong banks are expected to benefit from a rise in interest rates, which would in turn expand their net ... ( read original story ...)
Hong Kong said ‘miracle’ needed to find more survivors from ship sunk in Typhoon Chaba. China just found one
Four people were saved after their ship broke in half at sea while being caught near the center of Typhoon Chaba, according rescue teams from mainland China and Hong Kong, but the chances of survival ... ( read original story ...)
State media say a man has been rescued two days after ship sank south of Hong Kong, rescue chance ‘slim’ for 26 others
State media say a man has been rescued two days after ship sank south of Hong Kong, rescue chance 'slim' for 26 others ... ( read original story ...)
Alex Law, Hong Kong ‘Echoes of the Rainbow’ Director, Dies at 69
Alex Law, one of Hong Kong’s most accomplished filmmakers died on Saturday. He was 69. Law (aka Law Kai-yui) died in hospital with his life partner and long-time filmmaking partner Mabel Cheung by his ... ( read original story ...)
Ni Kuang, Leading Hong Kong Screenwriter and Novelist, Dies at 87
Ni Kuang, one of Hong Kong’s most distinguished screenwriters and novelists, has died. He was 87. He died on Sunday in Hong Kong, with local media reporting skin cancer as the cause of death. Ni ... ( read original story ...)
Hong Kong’s Dry Spell for IPOs Set to End
Along with several other mid- to large-sized deals in the pipeline, they are poised to revive a dormant market where firms raised a paltry $2.6 billion between January and June. That's a 92% slump ... ( read original story ...)
China to Start Interest-Rate Swap Connect With Hong Kong
The People's Bank of China, the Hong Kong Monetary Authority and Hong Kong's Securities and Futures Commission are working to develop swap connect that would enable offshore investors to execute ... ( read original story ...)
HSBC Buys back 4.8M Shrs in HK, London Last Thu, Fri for $247M
HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 4.8 million shares in London and Hong Kong last Thursday (30 June) and Friday (1 July), involving a total of approximately HKD247 ... ( read original story ...)
Chinese property developer Shimao misses repayment on US$1 billion bond
Chinese developer Shimao Group has missed the interest and principal payment of a US$1 billion offshore bond due on Sunday in the latest blow to China’s embattled property market. Shimao was unable to ... ( read original story ...)
Hong Kong investors gain access to US$89.6 billion in China-based ETFs as expansion of Stock Connect scheme kicks in
The ETF Connect is being hailed as part of a "gift package" that marked the 25th anniversary of the city's handover to Chinese sovereignty Move further entrenches Hong Kong as a global financial ... ( read original story ...)
Hong Kong lawmaker photographed with Chinese President Xi tests positive for Covid-19
A Hong Kong lawmaker who was photographed standing close to Chinese President Xi Jinping earlier this week announced Sunday he had tested positive for Covid-19. ( read original story ...)
Chinese property developer Shimao misses repayment on $1 billion bond
Chinese developer Shimao Group has missed the interest and principal payment of a US$1 billion offshore bond due on Sunday in the latest blow to China’s embattled property market.Shimao was unable to ... ( read original story ...)