More than 20 million shares changed hands in morning session City’s second exchange under scrutiny over manipulation fears Hong Kong’s securities regulator suspended trading in a company’s stock after it rose 543 percent on its public market debut. ( read original story ...)
Hong Kong former leader sentenced to 20 months for misconduct
A former leader of Hong Kong who was knighted by Prince Charles hours before the city’s handover to China was jailed for 20 months on Wednesday for misconduct in public office. Donald Tsang, who was one of the city’s most well-known politicians both ... ( read original story ...)
Ex-Hong Kong leader gets 20 months in jail for misconduct
HONG KONG - A former leader of Hong Kong was sentenced Wednesday to 20 months in prison for misconduct after failing to disclose plans to rent a luxury apartment for his retirement from a businessman applying for a broadcasting license. It was a stunning ... ( read original story ...)
Donald Tsang: Stunning fall as ex-Hong Kong leader gets 20 months in jail for misconduct
Hong Kong's former chief executive Donald Tsang has been sentenced to 20 months in jail in the highest-profile corruption case the semi-autonomous Chinese city has ever seen. Judge Chan calls conviction biggest fall from grace he has ever seen Donald Tsang ... ( read original story ...)
Former Hong Kong chief executive Tsang sentenced to 20 months in prison
A former leader of Hong Kong was sentenced Wednesday to 20 months in prison for misconduct over a luxury apartment in mainland China intended for his retirement. Judge Andrew Chan said that he was going to sentence Donald Tsang to 30 months in jail but ... ( read original story ...)
Annual profits of the Hong Kong and Shanghai Banks down by 62%
Hang Seng in Hong Kong drop by 41%. Hong Kong (AsiaNews) - The 2016 HSBC (Hong Kong and Shanghai Bank) profits have plummeted by 62% in one year according to President Douglas Flint. Announcing the drop today he insisted it was "quite satisfactory" given ... ( read original story ...)
HSBC's 2016 profit slumps 62 percent on writedowns, HK shares slide
HONG KONG/LONDON (Reuters) - HSBC Holdings reported a 62 percent slump in annual pre-tax profit that fell way short of analysts' estimates as the British bank took hefty writedowns from its restructuring, sending its Hong Kong shares down 3.5 percent. ( read original story ...)
Hong Kong Disneyland reports a 2016 loss as visitor slump worsens
Hong Kong Disneyland reported a second consecutive annual loss on an 11% drop in attendance and a 7% decline in revenue. The $22-million loss for the fiscal year ended Oct. 1, compared to a $19-million loss in fiscal 2015. The company attributed the slump ... ( read original story ...)
Hang Seng Bank's bad-debt ratio falls amid cuts to mainland exposure
HONG KONG -- Pressing ahead with a policy of weeding out risk, Hong Kong-based Hang Seng Bank on Tuesday reported financial results that were broadly in line with market expectations. Net profit attributable to shareholders fell 41% in 2016 to 16.21 ... ( read original story ...)
BRIEF-Hang Seng Bank says FY attributable profit down 41 pct to HK$16.21 bln
Feb 21 Hang Seng Bank Ltd: * FY attributable profit down 41% to HK$16.21 billion * Fourth interim dividend of HK$2.80 per share * FY net interest income grew by 5% to HK$22.25 billion * At 31 December 2016, our common equity tier 1 capital ratio was 16.6% ... ( read original story ...)
Hong Kong's 'Beef Ball' takes bite out of gender gap
Hong Kong's Chan Yuen-ting will smash another hole through football's glass ceiling when she makes history in the AFC Champions League on Wednesday -- but it couldn't be a tougher debut for the trailblazing female coach. Chan, nicknamed "Beef Ball" and ... ( read original story ...)
Hong Kong police offer protection to newspaper staff after ‘gagging threat’ ahead of leadership election
Democratic Party lawmaker James To Kun-sun said Hong Kong’s press freedom was under threat and he urged the police to do their best to protect the safety of Sing Pao staff. The semi-official China News Agency reported last year that Gu was wanted by ... ( read original story ...)
‘Someone I admire’: three letters of mitigation for convicted former Hong Kong leader Donald Tsang
Donald’s over 40 years of services and contributions to Hong Kong is a matter of public record. Others will speak to his key role in helping Hong Kong weather through stormy financial crises. Here I would refer to his significant contributions to the ... ( read original story ...)
Hong Kong Developers Advance Ahead of City's Budget Speech
Hong Kong property stocks extended gains ahead of the city’s annual budget speech on Wednesday, as some analysts anticipated announcements that would benefit developers. Property companies were the biggest gainers on the Hang Seng Index, with Sun Hung ... ( read original story ...)