Category: FINANCE

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 ...)

Hong Kong's Hang Seng fell 1.7 percent to 22,074.16 and Australia's S&P ASX 200 dropped 1.1 percent to 5,5,26. 30. South Korea's Kospi lost 0.4 percent to 2,030.80 and the Shanghai Composite index fell 0.3 percent to 3,131.67. US markets Stocks had their ... ( read original story ...)

Bank of America fell 50 cents ... In foreign stock markets, Japan’s Nikkei 225 gained 0.7 percent, South Korea’s Kospi rose 0.3 percent and Hong Kong’s Hang Seng fell 0.2 percent. In Europe, Germany’s DAX rose 0.3 percent, France’s CAC 40 ... ( read original story ...)

The Fed’s move now shifts the focus from central bank policy to economic growth as the driver ... South Korea’s Kospi added 0.3% and Hong Kong’s Hang Seng gave up the day’s gains in the final hour to close 0.2% lower. the Shanghai Composite Index ... ( read original story ...)

South Korea’s Kospi added 0.3 percent to 2,042.71 and Hong Kong’s Hang Seng edged up 0.2 percent to 22,108.20 ... The Fed’s move now shifts focus from central bank policy to economic growth as the driver of stock market performance. ( read original story ...)

The 10th Asian Financial Forum (AFF), jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC), will be held on 16 and 17 January at the Hong Kong Convention and Exhibition ... ( read original story ...)

Chinese residents buying insurance in Hong Kong will no longer be able to swipe their credit cards multiple times to get around previously imposed curbs intended to slow sales, according to people with knowledge of the matter. Purchases of insurance in ... ( read original story ...)

Hong Kong has modestly burnished its financial-center credentials with beauty-app Meitu's $629 million listing, the biggest tech deal in a decade. Other Chinese entrepreneurs are watching intently. But Hong Kong's lackluster aftermarket may still send ... ( read original story ...)