Economic growth in Hong Kong slowed to its lowest in almost three years in the final three months of 2018, the city’s finance secretary said in his annual budget, citing “mounting external pressures”. ... ( read original story ...)
HK-based Bank of East Asia 2018 profit falls 30 pct as costs rise
HONG KONG, Feb 27 (Reuters) - Hong Kong-based Bank of East Asia Ltd (BEA) reported on Wednesday a 30 percent drop in its 2018 profit with the previous year’s earnings inflated by divestment of some no... ( read original story ...)
Hong Kong fourth-quarter growth weakest in three years as trade war takes toll
HONG KONG (Reuters) - Hong Kong’s economic growth halved in the fourth quarter and the outlook for the financial hub is clouded by a trade war between Washington and Beijing, Financial Secretary Paul ... ( read original story ...)
Hong Kong’s ailing public hospitals to get HK$5 billion injection in Financial Secretary Paul Chan’s budget for investing in advanced equipment
Plan is part of a basket of morale-boosting measures for public health care as overburdened frontline staff have reached breaking point Many are also watching to see if budget will support a far-reach... ( read original story ...)
Hong Kong Bourse May Extend Tuesday’s Losses
BOC Hong Kong slid 0.46 percent, CITIC advanced 0.33 percent, Sands China added 0.25 percent and Hong Kong & China Gas rose 0.11 percent. The lead from Wall Street suggests mild consolidation as ... ( read original story ...)
In Hong Kong, a ‘weaponized’ free press becomes China’s tool of surveillance
The two newspapers, which merged in 2016, are controlled by the Chinese government through its Liaison Office in Hong Kong, making them organs of the state press. But where much of China’s official ne... ( read original story ...)
Hong Kong need not ape Singapore in pensions: Andy Mukherjee
Hong Kong has none of this. The MPF is a private arrangement ... He has also worked for the Straits Times, ET NOW and Bloomberg News. ( read original story ...)
Western Union Debuts New Payment Option for Amazon.com Shoppers in Hong Kong
HONG KONG--(BUSINESS WIRE)--The Western Union Company, a leader in cross-border, cross-currency money movement, today unveiled a new payment option that allows Amazon.com customers in Hong Kong to pay ... ( read original story ...)
HSBC targets Hong Kong businesses with PayMe
HSBC is launching a beta test program of its PayMe for Business, a person-to-merchant (P2M) payments app in Hong Kong. The bank launched its person-to-person (P2P) mobile payment app, Payme, in Hong K... ( read original story ...)
HKTDC unveils plans to drive new business opportunities for Hong Kong
The Hong Kong Trade Development Council (HKTDC) unveiled highlights of its activities for the new financial year 2019/20 which leverages opportunities arising from the Guangdong – Hong Kong – Macao Gr... ( read original story ...)
Is Hong Kong Education (Int’l) Investments Limited (HKG:1082) A Financially Sound Company?
which I believe provides a ballpark estimate of their financial health status. View our latest analysis for Hong Kong Education (Int’l) Investments Debt funding can be cheaper than issuing new ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) HSBC Misses Key Growth Forecasts
HSBC Holdings plc and its operational results fell woefully short of analysts’ expectations and were punished with a 2.7% drop in its stock price at Hong Kong’s Hang Seng index today. Europe’s largest ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Investors are craving clarity on a number of issues that are affecting market sentiment
The Shenzhen composite also slipped 0.36 percent. Hong Kong’s Hang Seng index rose 0.66 percent. Hong Kong-listed shares of Chinese investment bank China International Capital Corpjumped 3.07 percent ... ( read original story ...)
Hang Seng Bank net rises 21pc to $24b
Hang Seng Bank's (0011 ... He added that the interest spread between the Hong Kong dollar and the greenback was as much as about 140 to 150 pips at present, indicating that once local bank balances re... ( read original story ...)