Offshore yuan term deposit rate tipped to soar in Hong Kong

Passersby walk in front of the main branch of Standard Chartered in Hong Kong. The bank is one of the lenders in the city that hiked the renminbi term deposit interest rates on Thursday. [Photo/Agencies] Financial analysts attribute prediction to high ... ( read original story ...)

Hong Kong stocks cap fourth week of gains

Hong Kong stocks closed higher on Friday, capping a fourth week of gains, as casino operators advanced after Macau’s gaming revenues beat market expectations. At the same time smaller companies led mainland stocks to reverse earlier losses, as the ... ( read original story ...)

Hong Kong’s startup market turning toxic for investors

HONG KONG -- Hong Kong's venture-oriented Growth Enterprise Market sank to a new low in May despite the global stock boom, having lost investors' confidence amid the history of controversies surrounding its component stocks. The S&P/Hong Kong GEM Index is ... ( read original story ...)

Birkin bag sells for record $380,000 at Hong Kong auction

HONG KONG — Christie's says a luxury handbag has shattered the world auction record in Hong Kong. The auction house didn't identify the buyer of the matte white crocodile skin Hermes Birkin bag with 18 karat gold and diamond hardware at Wednesday's sale. ( read original story ...)

LCQ7: Offshore renminbi business in Hong Kong

Following is a question by the Hon Chan Chun-ying and a written reply by the Secretary for Financial Services and the Treasury, Professor K C Chan, in the Legislative Council today (May 31): Question: The Financial Secretary has indicated in his Budget ... ( read original story ...)

Quam IR Awards in Hong Kong

The award presentation ceremony of Quam IR Awards 2016 (QIRA) successfully took place on 25 May, 2017 at Four Seasons Hotel Hong Kong. Business elites of the awarded listed companies received the distinction, shared their joy at the ceremony. Eminent ... ( read original story ...)

Hong Kong needs around-the-clock gold trading

For the Hong Kong Exchanges and Clearing (HKEX) to be successful in its plans for gold trading, longer trading hours are needed as mainland and international customers are likely to need 24-hour servicing, according to leading traders in the yellow metal. ( read original story ...)