Participants do not have to be gay. Hong Kong’s 13-strong bid team erupted in celebration at the news, screaming, hugging and cheering as the announcement was made in. “We are proud to announce that Hong Kong has been chosen,” said bid chair Dennis ... ( read original story ...)
HK property seen among riskiest
HONG KONG’s sky-high prices and low affordability rank it as one of the riskiest property markets for Savills Investment Management, which is avoiding the city in favor of Japan and Australia. “Hong Kong is highly, highly expensive,” Kiran Patel ... ( read original story ...)
Teaching controversial parts of Chinese history ‘up to textbook publishers and teachers’ in Hong Kong
Hong Kong’s junior secondary school pupils will spend less time on ancient Chinese history and more on political, economic and social developments related to modern China and the city, according to the revised curriculum unveiled by the Education Bureau ... ( read original story ...)
Two Hong Kong police officers and businessman deny conspiracy charge
Two Hong Kong police officers and a businessman on Monday denied conspiring to obtain and divulge confidential details of a murder investigation in exchange for up to HK$600,000. The District Court heard that neither of the officers were involved in the ... ( read original story ...)
Razer seeks US$550 million in Hong Kong IPO, with an eye on the world’s largest game market
Razer, the equipment maker for computer gamers, backed by Intel and Hong Kong’s wealthiest man Li Ka-shing, has launched an initial public offering in the city, aiming to raise up to raise HK$4.3 billion (US$550 million) to fund its acquisitions and ... ( read original story ...)
Asia pivot helps HSBC post jump in profit
"Our international network continued to deliver strong growth ... and our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong," HSBC Group Chief Executive Stuart Gulliver said in the statement. HSBC saw return on equity ... ( read original story ...)
Rising costs tarnish HSBC’s Asia-driven profit growth
HONG KONG (Reuters) - HSBC reported rising costs on Monday, sending its shares one percent lower and taking the shine off a better-than-expected quarterly profit driven by the Asian business that the bank has put at the heart of its growth plans. ( read original story ...)
HSBC revenue growth beats expectations
particularly in Hong Kong”. HSBC had previously been struggling to generate revenue growth. However, analysts said the bank’s adjusted quarterly operating costs of $7.8bn for the third quarter were higher than expected, which the bank blamed on ... ( read original story ...)
HSBC just reported a 448 percent jump in pre-tax profit
"Our global network continued to deliver strong growth ... and our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong", HSBC Group Chief Executive Stuart Gulliver said in the statement. HSBC earlier this month chose ... ( read original story ...)
HSBC’s ‘pivot to Asia’ boosts profits
HSBC headquarters is seen at the financial Central district in Hong Kong, China September 6, 2017. REUTERS/Bobby Yip Third quarter pre-tax profit up over 400% to $4.6 billion. HSBC boosted by expansion in Asia. HONG KONG, Oct 30 (Reuters) - HSBC Holdings ... ( read original story ...)
UPDATE 2-Asia pivot helps HSBC post jump in Q3 pretax profit
Common equity tier 1 ratio at 14.6 pct at end-Sept * CEO says pivot to Asia driving higher returns (Adds details on Asia business, operating expenses, context, stock price) HONG KONG, Oct 30 (Reuters) - HSBC Holdings PLC on Monday signalled its pivot to ... ( read original story ...)
HSBC spurred to huge profits from insurance arm
"Our worldwide network continued to deliver strong growth ... and our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong", HSBC Group Chief Executive Stuart Gulliver said in the statement. Saudis to allow women into ... ( read original story ...)
HSBC profits up five-fold in third quarter
Quarterly revenue rose 36.4% on-year to $12.98 billion. HSBC highlighted strong performance from its worldwide network and good contributions from its Hong Kong and Asia businesses. Asia account for 87% of HSBC's pre-tax profit as it boosted growth in ... ( read original story ...)
Hong Kong’s competitiveness fades with record home prices, while New York keeps its allure
The highest-placed Chinese city is Shenzhen at sixth spot, while Hong Kong’s ranking fell six places to 12th, undermined by its record property prices. The UN-CASS survey, using a broader measure than conventional business competitiveness studies ... ( read original story ...)