The Board of Hang Seng Bank Limited ("the Bank") has delegated to the Audit ... Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, Pillar 3 disclosure requirements ... ( read original story ...)
Hang Seng, Shanghai Composite post monthly losses in July, as ongoing trade battling between the US and China bite
The monthly loss for the Hang Seng Index – only the second this year – stood ... US Federal Reserve rate cut could boost Hong Kong-listed bank shares, weigh on weaker property developers, experts say ... ( read original story ...)
Protests Take a Toll on Hong Kong’s Economy
the Hang Seng is up roughly 8% for the year. And much of the decline this month is due to drops in major mainland stocks, such as China Unicom, Country Garden and China Construction Bank. David Webb, ... ( read original story ...)
Hong Kong central bank cuts interest rate for first time in decade
HONG KONG, Aug 1 (Reuters) - The Hong Kong Monetary Authority (HKMA) on Thursday cut its base rate charged through the overnight discount window by 25 basis points to 2.5%, its first cut since late ... ( read original story ...)
Hong Kong Rioting Charges Signal Harsher Line Against Protesters
(Bloomberg) -- Hong Kong’s decision to charge dozens of protesters with a colonial-era rioting charge that carries a 10-year prison term suggested that the government was heeding calls for a tougher ... ( read original story ...)
China’s $70 billion opportunity: An interview with Cheng Hye Cheah, co-chairman of Value Partners
We have to ease into it. If you disrupt them too much, it will be difficult for society. Cheng Hye Cheah is co-chairman and co–chief investment officer of Value Partners. Joe Ngai is a senior partner ... ( read original story ...)
Hong Kong’s IoT startup HOMI SmartHome nets US$1.3M seed funding
HOMI SmartHome, a Hong Kong-based smart home managed services startup, has raised a US$1.3M seed round, led by Singapore-based investors SeedPlus, AngelCentral, and Xoogler Angels. The company will ... ( read original story ...)
Chinese forces gathering at Hong Kong border, White House officials monitoring escalation
“Hong Kong police know the law and break the law,” protesters chanted as they made their way through the streets. The extradition bill that sparked the start of protests in June has been suspended, ... ( read original story ...)
From crime fighter to criminal: serial offender who stole HK$6.5 million in banking scam was 32-year veteran of Hong Kong police
Chan Wing-kai had a litany of previous convictions and had promised a judge he would turn over a new leaf after being jailed in 2016 But the 62-year-old returned to a life of crime just three months ... ( read original story ...)
Mortgages for new flats drop to HK$11.5b in June
Hong Kong's mortgage applications in June decreased by 27.1 percent month-on-month to 12,732, the Hong Kong Monetary Authority says.Mortgage loans approved in June fell 14.6 percent month-to-month to ... ( read original story ...)
Hong Kong Markets Close Early as Tropical Storm Wipha Approaches
(Bloomberg) -- A tropical storm shut Hong Kong’s financial markets for the first time in almost two years, adding chaos to a city which has been wracked by protests for weeks. The Hong Kong ... ( read original story ...)
Hong Kong’s Prime Rate Is Set to Increase This Year, BAML Says
Hong Kong faces a future of tightening liquidity as persistent depreciation pressures drive the city’s currency to the weak end of its peg against the greenback, according to Bank of America Merrill ... ( read original story ...)
Hong Kong leader Carrie Lam seeks support of business bosses at Government House gathering
Hong Kong’s embattled leader Carrie Lam Cheng Yuet-ngor has urged foreign and local business leaders to join her in upholding the rule of law and have confidence in the city, as she seeks to galvanise ... ( read original story ...)
After $6 bln M&A spree, insurer FWD eyes China foray ahead of potential IPO
having a strong base in Hong Kong will be pretty compelling,” said CEO Huynh Thanh Phong, while discussing the potential for an initial public offering (IPO). Huynh refused to be drawn on the ... ( read original story ...)