The Hong Kong stock market turned emphatically higher again on Thursday, one session after it had ended the four-day winning streak in which it had advanced more than 570 points or 2.7 percent. The Hang Seng Index ... and Commercial Bank of China collected ... ( read original story ...)
Hong Kong stocks post weekly gain as Fed, yuan soothe nerves
HONG KONG (NewsRise) -- Hong Kong stocks posted its first back-to-back weekly gain since September as a drop in U.S. bond yields lifted property developers and a rebound in the offshore yuan soothed concerns over capital outflows. The Hang Seng Index rose ... ( read original story ...)
Hong Kong c.bank's 10 bln yuan quota for intra-day yuan funding nearly used up
HONG KONG Jan 6 The Hong Kong Monetary Authority's (HKMA) 10 billion yuan ($1.45 billion) quota for intra-day yuan funding has nearly been used up on Friday morning, according to Reuters data. By 11 a.m local time (0300 GMT), 9.95 billion yuan of the quota ... ( read original story ...)
Li Ka-Shing Sees Hong Kong Property Prices Rising Amid Curbs
Hong Kong’s richest man Li Ka-shing expects property prices in the city will rise “a little bit” this year, even as the government takes steps to cool the world’s costliest real estate market. The government in November increased the stamp duty to ... ( read original story ...)
BOC Hong Kong : Completion of the acquisition of the share capital of BOC Thailand by BOCHK
BOC Hong Kong (Holdings) Limited ("BOC Hong Kong (Holdings)" or the "Company") today announced that with respect to the asset restructuring of the Bank of China Group ("BOC Group") in the ASEAN region, all of the conditions precedent set out in the Bank of ... ( read original story ...)
BoC Hong Kong to acquire BoC Thailand
BoC Hong Kong (Holdings) Limited, the Hong Kong unit of the Bank of China Group, has announced that the completion of a proposed Thailand Share Purchase Acquisition will take place on January 9 2017. Upon completion, BoC Thailand will become an indirect ... ( read original story ...)
Hong Kong Dollar Gains as PMI Shows Expansion at Last
The Hong Kong Dollar gained against its US counterpart on Thursday after the release of data suggesting the first expansion in the territory’s private-sector business activity for nearly two years. The Nikkei Hong Kong Purchasing Managers’ Index rose ... ( read original story ...)
Can a Disputed Patch of Land Reinvigorate Hong Kong’s Tech Scene?
The territory’s economy, dominated by finance, was slow to embrace the startup crowd. But funding today is soaring. And initiatives like Alibaba’s $130 million Hong Kong Investment Program are enticing more young professionals into the entrepreneurial ... ( read original story ...)
Third airline to offer direct flights to Hong Kong from Vancouver
Flights will be on an Airbus A330 aircraft with 283 seats. Hong Kong Airlines said prices for round-trip return tickets start at $634 for economy and $2,767 for business, before fuel surcharges, taxes and other charges which were not specified. Economy ... ( read original story ...)
Why Hong Kong going cashless is no small change
Hong Kong prides itself on being up to date with the latest technology, and the government likes to call it a “smart city”, but to really embrace that concept, many believe Hongkongers must abandon the idea that cash is king and join the global ... ( read original story ...)
Hong Kong retail chain seeks debt restructuring
The Finnish-owned Hong Kong chain of discount stores applied to the Espoo District Court on Thursday for debt restructuring. The company’s 2016 books recorded 1.3 million euros in losses. The chain’s 27 department stores, most of which are located in ... ( read original story ...)
Hong Kong’s Richest Man Sees Property Prices Rising Amid Curbs
Hong Kong billionaire Li Ka-shing expects property prices in the city will rise “a little bit” this year, even as the government takes steps to cool the world’s costliest real estate market. The government in November increased the stamp duty to 15 ... ( read original story ...)
Fewer Hongkongers say they will buy property in next 3 months after government moves to contain real estate prices, poll finds
Hong Kong property set to become ‘buyer’s market’ in the first quarter Analysts said the results showed that Hongkongers were exercising more caution when it comes to purchasing properties despite the high demand for flats. “The interest and demand ... ( read original story ...)
New Montrealers: From South Africa via Hong Kong to Laval
One of the reasons I decided to leave Hong Kong was that I'd seen all big cities of the world, especially in East Asia. I'd gotten to the point where it's all the same — there's a metro, a lot of people, the architecture's the same — so I thought I ... ( read original ...