It did not provide more details about its IPO plan. Enoch joined the Post as a business reporter ... She is the author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top ... ( read original story ...)
Hong Kong stocks cling onto last week’s gains, HSBC jumps
Bank of China Hong Kong was the top gainer on the Hang Seng Index, up 4.71%, following strong results after market close on Friday. Markets in London and Hong Kong were closed on Monday for a holiday. ( read original story ...)
Hong Kong’s Exchange Fund posts US$7 billion quarterly loss amid ‘triple whammy’ hit from slumping stocks, bonds and a stronger US dollar
Hong Kong's Exchange Fund reported its third-biggest quarterly investment loss in nearly two decades, as the city's financial war chest suffered what the de facto central bank called a "triple ... ( read original story ...)
HSBC Shares Rise in Hong Kong as Top Holder Supports Split
(Bloomberg) -- HSBC Holdings Plc shares in Hong Kong rose after it emerged late Friday that the bank’s largest active investor would support a breakup of the lender on the basis that a separate ... ( read original story ...)
Hong Kong’s Exchange Fund posts US$7 billion quarterly investment loss amid ‘triple whammy’ hit from slumping stocks, bonds and a stronger US dollar
Hong Kong's financial markets remain "deep and liquid, so we can cope with these challenges," he said. The Exchange Fund, established to defend Hong Kong's currency peg with the US dollar, will have ... ( read original story ...)
Hong Kong Wealth Fund Hit By $7 Billion Quarterly Loss
(Bloomberg) -- Hong Kong’s wealth fund suffered a HK$55 billion ($7 billion) loss in the first quarter as stocks and bonds declined, opening a difficult year for the financial hub as it seeks to ... ( read original story ...)
Hong Kong police arrest 58 over online fraud totalling HK$51 million in losses, with HK$10 million love scam among cases
Most of the suspects were holders of bank accounts used to collect and launder money from a string of crimes New Territories South technology crime unit was set up in January amid a 265 per cent rise ... ( read original story ...)
HSBC shares rise as markets warm up to break-up proposal by top shareholder
SINGAPORE/HONG KONG (Reuters) -Shares in HSBC Holdings gained on Tuesday after its largest shareholder, Chinese insurance giant Ping An, urged a break-up of the London-headquartered bank in a bid to ... ( read original story ...)
Alibaba, JD.com, Xiaomi slide in Hong Kong while HSBC and Ping An advance amid calls to split bank’s Asian operations
Wild swings seen in prices of Chinese tech stocks following a massive rally on Friday amid speculation about an end to sector crackdown HSBC and Ping An Insurance jump amid reports calling for a break ... ( read original story ...)
Hong Kong stocks rise as Alibaba slips; Australia hikes interest rate
Alibaba and the Jack Ma Foundation did not immediately respond to a request for comment. U.K.-based bank HSBC's stock in Hong Kong rose 1.85%. On Friday, Reuters reported HSBC's top shareholder ... ( read original story ...)
HSBC shares edge up after top shareholder urges bank’s break-up
SINGAPORE, May 3 (Reuters) - Shares in HSBC Holdings rose in Hong Kong trade on Tuesday after its largest shareholder, Chinese insurance giant Ping An (601318.SS), called for a break-up of the ... ( read original story ...)
HSBC helps Hong Kong stocks to inch higher, Alibaba takes a spin
Hong Kong stocks edged higher on Tuesday, building on last Friday's gains, helped by index heavyweight HSBC which rose after its largest shareholder, Chinese insurance giant Ping An, called for a ... ( read original story ...)
PayMe and BOC Pay to join next phase of consumption voucher scheme
The Hong Kong government has added HSBC's PayMe and Bank of China (Hong Kong)'s BoC Pay in implementing the second phase of the consumption voucher scheme this year. There will be a total of six ... ( read original story ...)
HSBC shares set to open steady after top shareholder calls for bank’s break-up
SINGAPORE, May 3 (Reuters) - Shares in HSBC Holdings were set to open flat in Hong Kong trade on Tuesday after its largest shareholder, Chinese insurance giant Ping An (601318.SS), called for a ... ( read original story ...)