While local banking stocks like Hang Seng Bank and Bank of China Hong Kong are expected to gain from the rate , most of them didn’t perform well this morning because “the (benchmark) index performance is too bad”, he said. The US interest rate rise ... ( read original story ...)
Hong Kong 'Snowden refugees' dream of better life
But her future is uncertain as her refugee parents fight for a new life abroad after they sheltered fugitive whistleblower Edward Snowden in Hong Kong. The story of how impoverished refugees helped Snowden evade authorities in 2013 only emerged in ... ( read original story ...)
Hong Kong gets temporary face-lift from selfie IPO
HONG KONG (Reuters Breakingviews ... The views expressed in this article are not those of Reuters News. ( read original story ...)
Hong Kong police hunt for trio who robbed couple in house at knifepoint
Police are treating the case as theft. Hong Kong’s most expensive residential areas, including The Peak and Repulse Bay, have been targeted by burglars this year. In the first eight months of the year, some 1,179 reports of burglaries across the city ... ( read original story ...)
Regina Ip revives divisive issues, including Article 23, as she enters Hong Kong chief executive race
Lawmaker and former minister Regina Ip Lau Suk-yee on Thursday announced her intention to revive two of Hong Kong’s most contentious political issues – democratic reform and national security legislation – as she launched her campaign for the city ... ( read original story ...)
Hong Kong Property Shares Turn Toxic as Mortgage Costs Spike
Hong Kong’s property developers are fast falling out of favor among investors as surging mortgage costs and punitive taxes threaten to choke home sales. A gauge of real estate companies traded on the city’s stock market has tumbled 13 percent this ... ( read original story ...)
Hong Kong stocks plunge on Fed rate hike woe
Shares tumbled in Hong Kong Thursday, led by property firms, after the Federal Reserve lifted interest rates and indicated a further three hikes are likely next year. The Hang Seng Index dived 1.77 percent, or 397.22 points, to 22,059.40 at the close. ( read original story ...)
Hong Kong financial chief submits resignation
HONG KONG--Hong Kong's financial chief quit Monday, in what is widely seen as a prelude to a leadership bid for the southern Chinese city's top job. Financial Secretary John Tsang said he submitted his resignation to the current leader, Chief Executive ... ( read original story ...)
UPDATE 3-Hong Kong's central bank raises base rate by 25 basis points
HONG KONG, Dec 15 The Hong Kong Monetary Authority on Thursday raised the base rate charged through its overnight discount window by 25 basis points to 1 percentage point. The move from Hong Kong's de facto central bank followed the U.S. Federal Reserve's ... ( read original story ...)
Amines Market in Hong Kong: Business Report 2016 – Research and Markets
Research and Markets has announced the addition of the "Amines Market in Hong Kong: Business Report 2016" report to their offering. The report presents analysis of amines market in Hong Kong. Report Scope: Brief country profile includes general information ... ( read original story ...)
Hang Seng Sharply Lower, 2017 Fed Rate Hike Fears Dominate
There was no surprise in the Fed rate decision, but expectations of a faster pace of 2017 tightening were important in undermining Hong Kong stocks with fears over ... in political tensions with the US. The Hang Seng index opened significantly lower ... ( read original story ...)
BOC Hong Kong : Interest rates remain unchanged
Bank of China (Hong Kong) Limited (BOCHK) is a leading listed commercial banking group in Hong Kong with strong market positions in all major businesses. It has the most extensive local branch network and diverse service platforms, including about 220 ... ( read original story ...)
UPDATE 1-Hong Kong's central bank raises base rate by 25 basis points
HONG KONG Dec 15 The Hong Kong Monetary Authority on Thursday raised the base rate charged through its overnight discount window by 25 basis points to 1 percentage point. The move from Hong Kong's de facto central bank followed the U.S. Federal Reserve's ... ( read original story ...)
Hong Kong hikes borrowing costs after Fed move
"Hong Kong rates are low relative to inflation," he said. "When US rates normalise and Hong Kong rates rise, this is good for adjusting Hong Kong’s economic structure." - Bloomberg News contributed to this story ( read original story ...)