Hong Kong suspends UBS as IPO sponsor for 18 months

ZURICH/HONG KONG (Reuters) - Hong Kong's securities regulator has blocked UBS (UBSG.S) from sponsoring initial public offerings for 18 months, the Swiss bank said in its annual report released on Friday, adding it planned to appeal against the decision. ( read original story ...)

Hongkong Land 2017 profits up 14% to $1.28b

They were boosted by higher rental income and development profits from China. Hongkong Land's 2017 profits rose 14% YoY to $1.28b (US$970m), thanks to significantly higher development profits from China and increased rental earnings. Its final dividend ... ( read original story ...)

Stay calm on the weakening of the Hong Kong dollar

5. Will significant fund outflows within a short span of time disrupt the normal functioning of the banking system and even the overall economy of Hong Kong? 6. Will the continued weakening of the HKD and huge fund outflows lead to systemic risk and ... ( read original story ...)

HK dollar weakens to fresh 33-year low

The Hong Kong dollar extended its slide to a fresh 33-year trough on Friday, a day after the city’s de facto central bank said it may not intervene until the currency peg touches the floor of its trading band. The currency hit 7.8440 per US dollar ... ( read original story ...)