Category: FINANCE

Hong Kong’s jewelry retailers have done very well this year. Market leader Chow Tai Fook (1929.Hong Kong) has soared 37%, Chow Sang Sang (116.Hong Kong) gained 21.6%, and Luk Fook (590.Hong Kong) advanced 33%, even though for the first ten months of the ... ( read original story ...)

"Enquiries revealed that the bank managers might have accepted bribes from other arrestees as rewards for divulging confidential customer information to the latter in Hong Kong for touting personal loan business," the ICAC said. The ICAC was set up in 1974 ... ( read original story ...)

HONG KONG Hong Kong's Financial Secretary John Tsang resigned on Monday, the city's government said, and is widely expected to announce his intention to run for the city's top job in March. There has been months of speculation that 65-year-old Tsang, who ... ( read original story ...)

HONG KONG – Hong Kong's financial chief has resigned amid mounting speculation that he will make a bid for the southern Chinese city's top job. The government said Monday that Financial Secretary John Tsang tendered his resignation. The news comes after ... ( read original story ...)

HONG KONG, December 12 (Reuters) - Hong Kong's Financial Secretary John Tsang has resigned his post pending an announcement he will run for the city's top job next March, Cable TV news reported on Monday. The resignation ends months of speculation on ... ( read original story ...)

Hong Kong Financial Secretary John Tsang Chun-wah, a potential contender for the city’s top job, has said he “will not fear challenges lying ahead” as long as Hongkongers support him, dropping yet another hint of his aspiration even though he may ... ( read original story ...)

Hong Kong stocks were lower on Friday ... Late in the morning session the Hang Seng Index was down 0.42 per cent, while the Hang Seng China Enterprises Index nudged up 0.2 per cent. Andrew Sullivan, a sales traders with Haitong International Securities ... ( read original story ...)

Hong Kong stocks fell in the morning session on Friday, with casino operators battered by a report saying officials had halved the amount of cash mainland gamblers were allowed to withdraw from ATMs in Macau. The Hang Seng Index shed 0.3 percent ... ( read original story ...)

HONG KONG: Hong Kong stocks ended the morning session on a high, taking the lead from another record close on Wall Street and as investors look ahead to a European Central Bank meeting later in the day. The Hang Seng Index climbed 0.65 percent, or 147.46 ... ( read original story ...)

Dec 9 Hong Kong stocks snapped a three-day winning streak on Friday, with casino shares leading broad market losses following reports that Beijing would put additional limits on ATM cash withdrawals in the gambling haven of Macau. The benchmark Hang Seng ... ( read original story ...)

The win streak has hit three sessions for the Hong Kong stock ... European Central Bank's highly anticipated monetary policy announcement. The European and U.S. markets were up and the Asian markets figure to follow suit. The Hang Seng finished modestly ... ( read original story ...)

and Hong Kong’s Hang Seng 0.6 per cent. In Europe, London’s FTSE 100, Germany’s DAX and the Paris CAC 40 were up by between 0.9 and 1.5 per cent by about 8 a.m. ET, buoyed by reports of a pending rescue plan for an ailing Italian bank. New York ... ( read original story ...)

Chinese stocks traded in Hong Kong rose to a two-month high, riding a global rally on optimism Europe’s central bank will prolong its stimulus program. The Hang Seng China Enterprises Index climbed 0.7 percent to 9,896.82, its highest close since Oct. 7. ( read original story ...)

HONG KONG - Hong Kong stocks ended lower on Friday after a three ... cash mainland Chinese gamblers could withdraw from ATMs in the gaming city of Macau. The Hang Seng Index fell 0.44 percent, or 100.86 points, to 22,760.98. The benchmark Shanghai ... ( read original story ...)