Category: FINANCE

HONG KONG -- Hong Kong-based Lalamove has introduced a new motorbike service in the territory as the delivery startup plays catch-up with rivals ahead of a proposed initial public offering in the next two years. Dubbed "Uber for logistics," Lalamove is a ... ( read original story ...)

A spokesman for HSBC in Hong Kong said the bank continues to seek the required approval, declining to comment on the timing. The proposed HSBC-Qianhai firm would be able to trade as well as underwrite stocks and bonds for Chinese firms, unlike foreign ... ( read original story ...)

A high percentage of Hong Kong consumers are willing to accept the use of robots – computer-generated advice and services – for their banking, insurance and retirement planning needs in future, according to a new survey by Accenture. The global ... ( read original story ...)

HANG SENG INDEX closed up 190.500 at 22,935.350 ... currently bullish on .HSI and have had this outlook for the last 2 periods. HEFFX Candlesticks Hong Kong A white body occurred (because prices closed higher than they opened). During the past 10 bars ... ( read original story ...)

PPI data continued to lessen the threat of exported deflation, while a lower CPI rate dampened concerns over higher People’s Bank of China interest rates. There was a slightly weaker dollar trend, which provided net support to Hong Kong stocks ... ( read original story ...)

Hong Kong’s No 2 official has reached out to the city’s youth in trying to justify her controversial deal with Beijing to build a HK$3.5 billion museum, saying it would send out an encouraging message that “not all of you need to go into banking”. ( read original story ...)

Hong Kong needs to attract more health care and biotechnology and other technology firms to its initial public offering market, to diversify the city’s mix of listed stocks, according to global law firm Baker McKenzie and consulting giant PWC ... ( read original story ...)

Hong Kong’s Securities and Futures Commission (SFC), the country’s main financial services watchdog, today issued its second warning in a week, adding a further four entities to its Alert List after it came to light that they were offering their ... ( read original story ...)

Concerns are growing that a “banking underclass” is emerging in Hong Kong due to the combined effects of racial discrimination and a system of redress so cumbersome that people have given up complaining. In a move to address the problem – which has ... ( read original story ...)

Rifa Securities was awarded as one of Best Hong Kong Securities Brokerage Firms of year 2016, together with other nine financial services powerhouses, including Bank of China (International), Bank of Communications (International), and EverBright Securities. ( read original story ...)

In December, a pair of rainbow lions installed outside a bank caused a stir in Hong Kong. LGBTI activists applauded HSBC for refusing to bow to pressure from local family groups to remove the colourful statues, which represented its “Celebrate Pride ... ( read original story ...)

A weaker dollar and decline in US yields provided net support to the Hong Kong market. There was ... volatility was important in deterring capital flows into equities. The Hang Seng index opened significantly higher, but hit resistance on approach to ... ( read original story ...)

Hong Kong stocks ended slightly higher on Friday with trading turnover ... Mainland stocks dipped before China releases December’s foreign exchange reserve data on Saturday. The Hang Seng Index closed Friday trading up 0.21 per cent or 46.32 points ... ( read original story ...)

Hong Kong stocks rose the most in two months on Thursday ... Mainland stocks closed mixed, with minor gains and losses for major benchmarks. The Hang Seng Index ended at 22,456.69, its highest level since December 9, surging 1.46 per cent or 322.22 ... ( read original story ...)