Jefferies Financial Group lowered their FY2022 earnings per share (EPS) estimates for Hang Seng Bank in a research report issued on Friday, August 19th. Jefferies Financial Group analyst S. Wong now ... ( read original story ...)
Brokers Offer Predictions for BOC Hong Kong (Holdings) Limited’s FY2022 Earnings (OTCMKTS:BHKLY)
Investment analysts at Jefferies Financial Group upped their FY2022 earnings per share estimates for shares of BOC Hong Kong in a research report issued to clients and investors on Friday, August 19th ... ( read original story ...)
Hong Kong Stock Market Expected To Remain Rangebound
The Hong Kong stock market has moved higher in two of three trading days since the end of the two-day slide in which it had tumbled more than 350 points or 1.8 percent. The Hang Seng now rests just ... ( read original story ...)
HSBC launches HK$40 billion loans scheme with cash rebates to encourage small businesses to hire staff
SMEs can get HK$1,000 in cash for every new hire, up to a maximum of 10, under the new scheme It was welcomed as 'a good move to encourage companies to create jobs' by lawmaker Peter Shiu HSBC, the ... ( read original story ...)
Hong Kong Shares Open Sharply Lower
Hong Kong stocks began Monday with losses following a sell-off on Wall Street fuelled by renewed worries about central bank interest rate hikes and the impact on the economy. ( read original story ...)
Taiwan general budget, JD.com results, Hong Kong’s biggest IPO of 2022
As relations with China grow more tense following U.S. House Speaker Nancy Pelosi's visit, Taiwan is set to release its general budget for 2023 which will include details of planned defense spending ... ( read original story ...)
Stranded Jets In Russia Cause BOC Aviation To Write Down $800 Million
BOC Aviation has written off 18 of its aircraft that are being held hostage in Russia, writing them off in their June 30 accounts. ( read original story ...)
Hong Kong finance chief says ‘no plan or intention’ for authorities to either scrap cooling measures or intervene in property market
Financial Secretary Paul Chan says government cannot see any risk of property market 'falling off a cliff', adds policy not affected by 'short-term fluctuations' Authorities 'cautiously optimistic' ... ( read original story ...)
HK Finance Chief Expects ‘Moderate’ Inflation in ‘Buffered’ City
Hong Kong’s rate of inflation for the full year is likely to remain at a “roughly moderate” level of 2.1% because the city is buffered from some of the factors that have exacerbated inflation in the ... ( read original story ...)
Mainland Chinese student surrenders to Hong Kong police, foiling fraudsters’ plan to scam HK$6 million
The 27-year-old master's degree student was travelling home from Germany to northern China via Hong Kong and received a call from fraudsters when she was in the city She was asked to visit a ... ( read original story ...)
China Tourism Group Duty Free prices IPO at HK$158, raising US$2.1 billion in Hong Kong’s biggest deal this year
The world’s largest travel retailer by sales prices its Hong Kong IPO at HK$158 per share or total proceeds of US$2.1 billion in the city’s biggest deal this year. ( read original story ...)
Hong Kong’s GigaCloud sees stock rocket over 200% in wake of $36M US IPO
Hong Kong-based e-commerce services provider GigaCloud Technology (GCT) saw its shares rocket over 200% Friday, the day after it held a $36M initial public offering ... ( read original story ...)
Geely Said to Weigh Hong Kong IPO for Ride-Hailing Firm Cao Cao
Chinese carmaker Zhejiang Geely Holding Group is considering an initial public offering in Hong Kong for its ride-hailing firm Cao Cao Mobility, according to people familiar with the matter. A ... ( read original story ...)
China jails Canadian tycoon for 13 years for finance crimes
A Chinese-born Canadian tycoon who disappeared from Hong Kong in 2017 was sentenced Friday to 13 years in prison for a multibillion-dollar string of financial offenses and his company was fined $8.1 ... ( read original story ...)