As midnight struck on June 30, 1997 and Hong Kong transitioned from British to Chinese rule, pro-democracy lawmaker Lee Wing-tat stood with colleagues on the balcony of the city's legislature, holding ... ( read original story ...)
Factbox: Major finance milestones as Hong Kong marks 25 years since handover
Hong Kong returned to China in 1997 after 156 years of British colonial rule. Here are some major milestones for the city's financial markets: ... ( read original story ...)
HKMC Hikes Fixed Mortgage Rates by 0.5%
The Hong Kong Mortgage Corporation Limited (HKMC) announced to raise the interest rates for fixed-rate mortgage applications filed between 1st July and 31st July by 0.5% from those in June, marking ... ( read original story ...)
Priced out of Hong Kong, young home buyers look to Greater Bay Area for space and value
Hong Kong has held its spot as the least affordable property market for 12 years in that study. Like the four Hong Kong leaders who came before him, Chief Executive-elect John Lee Ka-chiu has ... ( read original story ...)
Hong Kong’s Hang Seng rises 2% led by Chinese tech stocks
Hong Kong's Hang Seng index led gains in the region, to end the day 2.35% up at 22,229.52, after trading more than 3% higher in the session. The Hang Seng Tech index popped 4.71%. Alibaba's shares in ... ( read original story ...)
Hang Seng May Be Hit By Profit Taking On Tuesday
The Hang Seng Index now rests just beneath the 22,230-point plateau although investors may cash in on Tuesday. The global forecast for the Asian markets is mixed to lower, with support from oil stocks ... ( read original story ...)
Hong Kong stocks retreat from 3-month high as Tencent leads losses after major shareholder signals exit
Amsterdam-listed Prosus plans to trim its 28.8 per cent stake in Tencent Holdings over time to fund its stock buy-back programme Hang Seng Index members have recouped US$592 billion of market value ... ( read original story ...)
HSBC Buys back 3.12M Shrs in HK, London Ytd for $160M
HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 3.1205 million shares in London and Hong Kong yesterday (27th), involving a total of approximately HKD161 million. HSBC ... ( read original story ...)
Hong Kong shares start with losses
Hong Kong stocks opened slightly lower on Tuesday morning on profit-taking following a three-day advance, while inflation and recession concerns ... ( read original story ...)
Mega Genomics raises $20M in Hong Kong IPO, shares jump 16.7%
Mega Genomics Ltd. raised HK$153.4 million (US$20 million) in an initial public offering on the Stock Exchange of Hong Kong. Its shares jumped 16.7% in the middle of the first trading day on June 22 ... ( read original story ...)
Foreign business in Hong Kong looks to the long term
In the late summer and early autumn of 2019, Hong Kong was engulfed in turmoil. In August, the territory’s airport was occupied by protesters, briefly halting its operations, an ... ( read original story ...)
Hong Kong, Singapore investors filling void in London property left by mainland Chinese retreat
Another key trend in Asia reverberating through London's property market is geopolitical instability. Beijing's imposition of a draconian new national security law on Hong Kong, which dealt a ... ( read original story ...)
China is building a yuan currency reserve to compete with the dollar and prop up other economies facing volatility
The People's Bank of China announced it is developing a yuan reserve with five other nations. Five nations including Hong Kong and Singapore will contribute 15 billion yuan, or about $2.2 billion. ( read original story ...)
Snack Maker Weilong to Revive $500 Million Hong Kong IPO
Weilong Delicious Global Holdings Ltd. has decided to revive a Hong Kong initial public offering that could raise about $500 million, people familiar with the matter said. ( read original story ...)