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Category: FINANCE

Posted on 06/12/2020

Hong Kong finance minister sounds alarm over city’s financial stability as recurrent spending nears half a trillion dollars a year

Financial Secretary Paul Chan points to rapid growth in government spending which has ballooned 25 per cent in past three years. ( read original story ...)

Posted on 06/12/2020

Hong Kong Ex-Lawmaker Says Bank Accounts Frozen, SCMP Reports

Former Hong Kong pro-democracy lawmaker Ted Hui said he and his family no longer have access to their bank accounts in the city after he fled to self-imposed exile in the U.K., the South China Morning ... ( read original story ...)

Posted on 06/12/2020

Hong Kong police chief says Ted Hui should be ashamed for jumping bail, as force freezes his bank accounts and looks into HK$3.5 million crowdfunding campaign

Hong Kong police are looking into whether fugitive Ted Hui Chi-fung broke any laws in a multimillion-dollar crowdfunding campaign, the city's police chief said on Sunday, as sources revealed three ... ( read original story ...)

Posted on 06/12/2020

BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) Short Interest Update

BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 9,500 ... ( read original story ...)

Posted on 05/12/2020

Former opposition lawmaker Ted Hui lands in London to begin self-exile, only to find Hong Kong bank accounts frozen

Former opposition lawmaker Ted Hui Chi-fung arrived in Britain at the start of the weekend to start his self-imposed exile, only to find that his Hong Kong bank accounts appeared to have been frozen. ( read original story ...)

Posted on 05/12/2020

Hong Kong stocks end week lower after SMIC and CNOOC decline following US blacklisting

Hong Kong stocks ended the week lower after the Trump administration added four more Chinese companies to a blacklist. China stocks, on the other hand, were in a ‘soft bull cycle’ and recorded a third ... ( read original story ...)

Posted on 04/12/2020

Hong Kong Legislature Backs Studies for Artificial Islands Despite Criticism

Hong Kong's Legislative Council approved on Friday engineering and infrastructure studies for a government plan to build vast artificial islands in an effort to solve housing problems in one of the ... ( read original story ...)

Posted on 04/12/2020

Hong Kong stocks decline after US blacklists four more Chinese firms; SMIC trading to resume

The Hang Seng Index fell 0.2 per cent to 26,686.54 in the morning session, while the Shanghai Composite Index followed two days of declines by shedding 0.4 per cent to 3,430.03. ( read original story ...)

Posted on 04/12/2020

Hong Kong stocks decline after US blacklists four more Chinese firms, SMIC trading is suspended

The Hang Seng Index fell 0.2 per cent to 26,680.24 in early trading, while the Shanghai Composite Index followed up two days of declines by shedding 0.6 per cent to 3,421.94. ( read original story ...)

Posted on 04/12/2020

Hong Kong and China stocks slip after Xiaomi’s US$4 billion fundraising dents sentiment

Smartphone maker Xiaomi led the losses among blue chips on the Hang Seng Index after its shares resumed trading at 1pm. Trading in its stock was halted in the morning pending a sale of shares and ... ( read original story ...)

Posted on 04/12/2020

JD Logistics seeks bank pitches for Hong Kong IPO of up to $3 billion, sources say

JD Logistics has asked banks to pitch for the lead role in its Hong Kong initial public offering (IPO) of up to $3 billion as it moves towards launching the deal in the first half of 2021, according ... ( read original story ...)

Posted on 03/12/2020

Hong Kong Tycoon Jimmy Lai Denied Bail as Authorities Crack Down

Jimmy Lai was denied bail on new charges related to an August arrest under a China-drafted security law, potentially keeping the Next Digital Ltd. founder behind bars for months as he fights the ... ( read original story ...)

Posted on 03/12/2020

JD Logistics seeks bank pitches for Hong Kong IPO of up to $3 bln, sources say

JD Logistics has asked banks to pitch for the lead role in its Hong Kong initial public offering (IPO) of up to $3 billion as it moves towards launching the deal in the first half of 2021, according ... ( read original story ...)

Posted on 03/12/2020

HSBC’s Loyal Hong Kong Investors Find Redemption in 55% Rally

Fear of owning HSBC Holdings Plc shares is turning into a fear of missing out on a major rally.Europe’s biggest lender is up 55% in Hong Kong since touching its 25-year low in September, and is the ... ( read original story ...)

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