Category: FINANCE

A new report from Morgan Stanley forecasted more rises for CCB, BOC, Agricultural Bank of China, China Merchants Bank, and Chongqing Rural Commercial Bank in the next two months. Hong Kong shares are rising together with their mainland and US peers. ( read original story ...)

The HSBC Try Rugby programme represents a seismic shift not only for rugby sevens in Hong Kong but also for children here in general, says Hong Kong Rugby Union chairman Pieter Schats. HSBC, the HKRU and the Education University of Hong Kong are teaming up ... ( read original story ...)

Finance chief Paul Chan Mo-po has insisted his official residence in Shouson Hill was in need of renovations following reports he spent millions of taxpayer-funded dollars on revamping the property. Reports emerged on Friday that Chan, who took over the ... ( read original story ...)

HONG KONG (Reuters Breakingviews) - China may have another way to get around IPO reform: luring tech unicorns with easier listings. The securities watchdog is mulling faster IPO approvals for big tech names. Letting Jack Ma's Ant Financial, last valued at ... ( read original story ...)

Last year, Barclays agreed to sell its wealth and investment management business in Hong Kong and Singapore to a unit of Singapore’s Oversea-Chinese Banking Corp (OCBC). A crackdown on money laundering by Asia’s main private banking centres is forcing ... ( read original story ...)

The $25 billion record IPO of e-commerce giant Alibaba in New York in 2014 was a high-profile loss for mainland China and Hong Kong, where the company initially intended to list. More recently, however, some Chinese companies have opted to quit New York ... ( read original story ...)

HONG KONG - London-based bank HSBC reported Tuesday that its annual profit slumped following a year it said would be remembered for "unexpected economic and political events" and warned of risks in 2017 to the global economy's continuing recovery. ( read original story ...)

The regulator will likely speak to the IPO sponsors and interview significant buyers of GME stock and look into their background and source of funds, Neoh added. Run-ups such as GME’s highlight quirks in Hong Kong’s market for small-caps, where wild ... ( read original story ...)

Financial Secretary Paul Chan Mo-po on Wednesday announced a new policy unit would be established in an effort to review Hong Kong’s tax regime and narrow the city’s tax base. In handing down the 2017-18 budget, Chan revealed his plan to widen the ... ( read original story ...)

HONG KONG Former Hong Kong leader Donald Tsang was jailed for 20 months on Wednesday for misconduct in public office, making him the most senior city official to serve time behind bars in a ruling some said reaffirmed the financial hub's vaunted rule of law. ( read original story ...)

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/LONDON — Annual profit at HSBC Holdings slumped 62 per cent and fell far short of analysts’ estimates as Europe’s largest bank took hefty writedowns from restructuring and pointed to brakes on revenue growth. HSBC shares slid more than 6 ... ( read original story ...)

Hong Kong's economy grew at a slower pace of 1.9 percent last year and Financial Secretary Paul Chan Mo-po took steps on Wednesday in his first budget address to reverse course by cutting taxes, waiving fees for tourism firms and pledging better services. ( read original story ...)

HONG KONG, Feb. 22 (Xinhua) -- Hong Kong Financial Secretary Paul Chan Mo-po said on Wednesday that Hong Kong has the potential to develop green finance and the government will intensify its efforts to seek opportunities in this area. When delivering the ... ( read original story ...)