Stocks in Hong Kong rallied today. The benchmark Hang Seng Index rose 0.90 percent, or 266.05 points, at 29,863.71. In mainland China, the Shanghai Composite Index climbed 0.63 percent, or 20.60 points, at 3,296.38 while the Shenzhen Composite Index added ... ( read original story ...)
Hang Seng opens 0.3pc higher
Stocks in Hong Kong advanced at the open today. The blue-chip Hang Seng Index rose 0.29 percent, or 87.13 points, at 29,684.79. In mainland, the Shanghai Composite Index eased 0.11 percent to open at 3,272.29 points.... Stocks in Hong Kong advanced at the ... ( read original story ...)
From bedwetting to blockchain: How a Hong Kong tech start-up is riding the bitcoin craze
With hardly a year of operations under its belt and scant results to show for it, UBI Blockchain internet is riding buzzwords to a stock boom. It’s become one of the most valuable publicly traded companies in the bitcoin universe – second only to ... ( read original story ...)
It’s a match – senior managers at Hong Kong banks ‘speed date’ to find volunteering opportunities
After undergoing a day of training provided by PwC under the Hong Kong Community Connections programme, Martine Vanasse, Credit Suisse’s head of Asia-Pacific banking compliance, became the board secretary of Solerico. It is a Hong Kong-based NGO founded ... ( read original story ...)
Trip Report: ANA 767-300 Business Class NRT-HKG
My onward connection to Hong Kong was on a 767-300 operated by Air Japan (an ANA subsidiary). This plane has a somewhat unusual 2-1-2 configuration in business, so I chose the middle seat in row 2 (someone warned me that people often use the row 1 bulkhead ... ( read original story ...)
Shanghai and Shenzhen stock exchanges continue to chip away at Hong Kong’s IPO attractiveness
Hong Kong stock exchange will face mounting competition from Shanghai and Shenzhen bourses, as speedier listing approval process and strong demand from investors expected next year will help them to extend their top rankings. In its annual IPO review and ... ( read original story ...)
Huishang Bank : Announcements and Notices – Resumption of the Review Process of the A Share Offering
This announcement is made by Huishang Bank Corporation Limited (the "Bank") pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock ... ( read original story ...)
Funds raised on Hong Kong stock market fall to lowest in a decade
Morgan Stanley leads the rankings of Hong Kong-listed equity market underwriting this year, capturing 16.3 per cent market share with US$5.7 billion in related proceeds. Goldman Sachs and Bank of America Merrill Lynch round out the top three with 11.4 per ... ( read original story ...)
Hong Kong Prepares Real-Time Retail Payment System
Hong Kong is preparing to launch a real-time retail payment service in September, the head of the city’s de facto central bank said. The service, officially called Faster Payment System (FPS) and currently in use in the U.K., enables real-time or near ... ( read original story ...)
It’s all in the pencil – Bank of Stationery founder says the right tool can make or break children’s writing interest
This has prompted him to set up a stationery bank to collect and distribute writing tools for underprivileged children in Hong Kong. “A pencil can have a certain effect on a child’s life,” the 52-year-old founder of Bank of Stationery said. ( read original story ...)
China says part of Hong Kong rail station to be subject to mainland laws
BEIJING/HONG KONG (Reuters) - China's parliament on Wednesday said part of a Hong Kong high-speed railway station being built in the city center would be regarded as Chinese territory, an unprecedented move that critics say further erodes the financial hub ... ( read original story ...)
Mainland bourses behind Asia’s lead in global IPO boom
Lacking blockbuster deals like the Postal Savings Bank of China last year, Hong Kong slipped from being the world's top listing destination for the last two years to second in Asia, and fourth globally in 2017. Although the city continued to see its IPO ... ( read original story ...)
Hong Kong stocks poised to reopen higher after Christmas holiday
Hong Kong’s index futures advanced on Wednesday morning, suggesting shares are likely to open higher after a two-day closure for holidays. December futures contracts on the Hang Seng Index rose 0.2 per cent, or 54 points, to 29,661 before the spot market ... ( read original story ...)
Hong Kong M&A deals up by almost half in 2017 as mainland firms buy into property, insurance sector
Mergers and acquisitions activity in Hong Kong is up by almost a half this year ... A prime example was AIA buying Commonwealth Bank of Australia’s life insurance business in Australia and New Zealand for US$3.05 billion. By sector, real estate remained ... ( read original story ...)