The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) and the Polish Financial Supervision Authority (KNF) signed and exchanged a Memorandum of Understanding (MoU) today (March 9) to enhance fintech ... ( read original story ...)
Nine Masts Capital LTD Cut China Unicom (Hong Kong) LTD (CHU) Stake By $3.09 …
About 80,481 shares traded. Digatrade Financial Corp. (OTCMKTS:DIGAF) has 0.00% since March 6, 2017 and is . It has underperformed by 16.70% the S&P500. Nine Masts Capital Ltd decreased China Unicom (Hong Kong) Ltd (CHU) stake by 58.57% reported in 2017Q3 ... ( read original story ...)
Hongkong Land 2017 profits up 14% to $1.28b
They were boosted by higher rental income and development profits from China. Hongkong Land's 2017 profits rose 14% YoY to $1.28b (US$970m), thanks to significantly higher development profits from China and increased rental earnings. Its final dividend ... ( read original story ...)
China’s Hua Medicine plans $400 million Hong Kong IPO, led by Goldman: sources
HONG KONG (Reuters) - Chinese drug developer Hua Medicine is planning to raise at least $400 million in an initial public offer in Hong Kong in the latest in a series of biotech floats in the city, said people with knowledge of the matter. Hong Kong is ... ( read original story ...)
China’s Hua Medicine plans $400m Hong Kong IPO, led by Goldman – sources
HONG KONG, March 9 (Reuters) - Chinese drug developer Hua Medicine is planning to raise at least $400 million in an initial public offer in Hong Kong in the latest in a series of biotech floats in the city, said people with knowledge of the matter. ( read original story ...)
HK dollar weakens to fresh 33-year low, eyes on possible intervention
HONG KONG (Reuters) - The Hong Kong dollar extended its slide to a fresh 33-year trough on Friday, a day after the city’s de facto central bank said it may not intervene until the currency peg touches the floor of its trading band. The currency hit 7 ... ( read original story ...)
Hong Kong dollar weakens to fresh 33-year low, eyes on possible intervention
The Hong Kong dollar extended its slide to a fresh 33-year trough on Friday, a day after the city's de facto central bank said it may not intervene until the currency peg touches the floor of its trading band. The currency hit 7.8440 per U.S. dollar ... ( read original story ...)
Stay calm on the weakening of the Hong Kong dollar
5. Will significant fund outflows within a short span of time disrupt the normal functioning of the banking system and even the overall economy of Hong Kong? 6. Will the continued weakening of the HKD and huge fund outflows lead to systemic risk and ... ( read original story ...)
HK dollar weakens to fresh 33-year low
The Hong Kong dollar extended its slide to a fresh 33-year trough on Friday, a day after the city’s de facto central bank said it may not intervene until the currency peg touches the floor of its trading band. The currency hit 7.8440 per US dollar ... ( read original story ...)
Hong Kong man wanted by Interpol for alleged terrorist links denied bail a second time
An Indian-born Hong Kong resident wanted by Interpol for alleged links to terrorism and political killings in his native country was on Friday denied bail by a local court for the second time as he faces a charge over a multimillion-dollar robbery in the city. ( read original story ...)
Hong Kong’s Unshakable Property Faith
While HNA has reason to be pleased, the buyers also look like they're on to a good thing. There's little immediate threat to Hong Kong's ultra-low mortgage rates, and government attempts to cool the market with measures such as higher taxes and down ... ( read original story ...)
Why is the Hong Kong dollar probing the weak end of its band?
Hong Kong’s markets have been flooded with cash over the past decade as heavy money printing by global central banks, led by the U.S. Federal Reserve, directed large flows of new cash to the territory, whose financial centre serves as the main gateway to ... ( read original story ...)
Don’t ignore decision to clear Hong Kong finance chief Paul Chan and wife of defamation, court told
The lawyer defending finance chief Paul Chan Mo-po and his wife in a defamation case on Wednesday said allegations they made of two schoolchildren cheating at school tests are protected by the law, because the couple genuinely believed them. Benjamin Yu SC ... ( read original story ...)
How the rubber duck is Hong Kong’s business and spirit of ‘can do’
In 2013, Dutch artist Florentijn Hofman set afloat a massive, 12-metre rubber duck in Victoria Harbour as part of a world tour. Hofman was on a vague mission of peace and togetherness dedicated to the citizens of the world. The ongoing tour that began in ... ( read original story ...)