Category: FINANCE

Chinese insurance giant Ping An Insurance dropped 1.17 per cent to HK$38.15. Hong Kong-based Hang Seng Bank declined 1.17 per cent to HK$143.70. Li & Fung, the world’s top supplier of clothes and toys to retailers, declined 3 per cent to HK$3.52. ( read original story ...)

became chief executive of HSBC UK. Why has the Hong Kong branch of the bank entered, so late, the controversial area of trumpeting gay rights? Could it be to distract us from its recent role as one of the biggest sinners in the banking business? ( read original story ...)

Financial stocks led Hong Kong’s main share index to a lower ... dropped 1.53 per cent to HK$38.60 while China Construction Bank finished down 1.27 per cent at HK$5.45. “We expect the Hang Seng index to remain weak before the holiday season. ( read original story ...)

China stocks also fell, with strength in utility stocks offset by weak bank and property shares. The Hang Seng index dropped 0.9 per cent, to 21,625.25 points, while the Hong Kong China Enterprises Index lost 1.3 per cent, to 9,208.96 points. The CSI300 ... ( read original story ...)

Although US bond yields edged slightly lower on the day, there were still important concerns surrounding the impact of higher yields on the Hong Kong economy with further vulnerability in the property sector. The Hang Seng index opened slightly higher ... ( read original story ...)

SINGAPORE Dec 22 BOC Hong Kong Holdings Ltd , a unit of Bank of China Ltd, has agreed to sell a majority stake in Chiyu Bank for HK$7.7 billion ($992 million), as part of its plan to invest in new markets mainly in Southeast Asia. BOC Hong Kong plans to ... ( read original story ...

HSBC was born from one simple idea – a local bank serving international needs. In March 1865, HSBC opened its doors for business in Hong Kong, and today we serve around 46 million customers in 71 countries and territories. The experiences of the past 150 ... ( read original story ...)

Hong Kong’s retail banks saw a modest rise in profits in the first three quarters of the year thanks to improved income from foreign exchange activities. According to figures from the Hong Kong Monetary Authority, retail banks in the city saw their pre ... ( read original story ...)

Dec.20 -- Robotics and coding lessons are replacing traditional after-school activities in Hong Kong, as parents try to give their children a head start for the future. Chinese hardware startups are helping to power the boom. ( read original story ...)

Former chief secretary Anson Chan has said Hong Kong’s next leader should be able to unite civil servants, and she believes Finance Secretary John Tsang will be better at this job. At a media meeting on Tuesday, Chan said candidates for the city’s ... ( read original story ...)

In Hong Kong, sector performance was mixed, with gains in telecommunication stocks cancelled out by losses in financial stocks, even as Wall Street strength overnight offered some support. (Reporting by Jackie Cai and John Ruwitch) ( read original story ...)

In celebrating this milestone, the bank organised its annual Morgan Stanley Directors’ Choir – an internal choir competition and company tradition that is into its 14th year. Hang Seng Bank volunteers bring Christmas stories to life The choral event ... ( read original story ...)

The benchmark Hang Seng Index traded between 22,456.62 and 22,627.60. Turnover totaled 61.60 billion HK dollars (about USD 7.94 billion). (c) 2016 Philippines News Agency Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North ... ( read original story ...)

The US Federal Reserve did not surprise at all in raising rates by a quarter point.With the Hong Kong dollar remaining strong, local rates stayed put, so the Hang Seng Index fell below 22,000.But the drop does not mean rates are not linked to stocks in the ... ( read original story ...)