Jan 26 New mortgage loans drawn down in Hong Kong totalled HK$29.6 billion ($3.82 billion) in December, up 11.7 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Thursday. The following is the breakdown of data from HKMA: Dec ... ( read original story ...)
BRIEF-HongKong Chinese Ltd enters into letter of exclusivity with Cosenza Investments
Jan 25 Hongkong Chinese Ltd : * HKC and Norfyork International ... Further company coverage: Next In Financials ( read original story ...)
Aviva to sell 60% of Hong Kong life business in digital venture
Aviva Hong Kong will retain 40%, with Tencent purchasing 40% and Hillhouse 20% for an undisclosed sum. The resulting joint venture, subject to regulatory approval, will focus on selling basic life insurance and investment products online in the territory ... ( read original story ...)
Hong Kong leadership favourite testifies in corruption trial
The trial comes at a time when residents are losing faith in Hong Kong's elites, as a string of corruption cases fuel public suspicions over cosy links between authorities and business leaders. Lam was made secretary for development in 2007 during Tsang's ... ( read original story ...)
Donald Trump and Kim Jong-un lookalikes pretended to kiss in Hong Kong
Donald Trump and Kim Jong-un impersonators walked down the streets of Hong Kong to the surprise of tourists in the area. The pair even pretended to kiss as they demonstrated the unlikely friendship between the two real-life leaders. Dennis Alan ... ( read original story ...)
Cash-rich Hong Kong developer CMB surges after hedge fund challenge over undervalued stock
Shares of China Motor Bus, a Hong Kong property developer, have surged more than 15 per cent in the past two days to a record high after an activist fund manager urged the company’s controlling shareholder to buy back shares and pay more dividends to ... ( read original story ...)
Hong Kong Shares Rise to 3-Month High on Wall Street Strength
Hong Kong stocks rose for a fourth day in a row on Thursday, reaching their highest close in three months after the Dow Jones Industrial Average breached the 20,000-point level for the first time. Continue Reading Below Sentiment was also helped by a ... ( read original story ...)
HKTDC announces world’s largest jewellery exhibition; twin shows set to open in March 2017
Gem & Pearl Show and Hong Kong International Jewellery Show has played a crucial role. India is known for its gems and jewellery business and the twin shows organised by Hong Kong Trade Development Council (HKTDC), have provided an ideal platform for ... ( read original story ...)
Aus-HK business entrenched
Hong Kong and Australia have long been good friends - in the pursuit of business, innovation, as well as good wine. In the past couple of years, quite a number of my ministerial colleagues visited Australia. I am pleased to note that their talks with the ... ( read original story ...)
Donald Trump and Kim Jong-un impersonators surprised crowds in Hong Kong by pretending to kiss
Donald Trump and Kim Jong-un impersonators walked down the streets of Hong Kong to the surprise of tourists in the area. The pair even pretended to kiss as they demonstrated the unlikely friendship between the two real-life leaders. Dennis Alan ... ( read original story ...)
Former Finance Chief Pledges Softer Touch in Bid to Run Hong Kong
Hong Kong’s former financial chief John Tsang, who is vying for the city’s top job, said his ability to reach out across political divides make him better suited to run the Asian financial hub than his ex-boss or chief rival. Tsang, 65, resigned as ... ( read original story ...)
HK banking sector profits grow 8.7pc in 2016 but officials still advise caution
Hong Kong’s banking industry grew its overall profits last year, according to official figures, though the regulator warned of a more challenging environment for the rest of this year. The Hong Kong Monetary Authority (HKMA), the city’s de facto ... ( read original story ...)
Chris Patten: UK risks 'selling its honour' on Hong Kong
Media captionChris Patten: "What has happened to our sense of honour and our sense of responsibility?" The former governor of Hong Kong, Chris Patten, says the UK risks not meeting its promises to the territory and "selling its honour" in an attempt to ... ( read original story ...)
Hong Kong bourse eyes new market in fight with Singapore over IPOs
HONG KONG -- Amid fierce competition to lure technology companies to list in Hong Kong, the city's only stock exchange is considering launching a new board under a "weighted voting rights" structure, a controversial stock model that its regulator firmly ... ( read original story ...)