For investors HSI is the main indictor of the performance of Hong Kong stocks. Stocks of Yuexiu Property Co Ltd company can also be found in HSI. As a free float adjusted index, HSI excludes restricted shares held by company insiders and other strategic ... ( read original story ...)
BRIEF-BEH-Property’s Q3 contract sales up 2,025.9 pct y/y at 574 mln yuan
Further company coverage: ($1 = 6.5837 Chinese yuan renminbi) (Reporting by Hong Kong newsroom) ( read original story ...)
Hongkong and Shanghai Hotels Ltd (0045) Is Yet to See Trading Action on Oct 12
Shares of Hongkong and Shanghai Hotels Ltd (HKG ... The index is operated by a unit of Hang Seng Bank called Hang Seng Indexes Company. Hang Seng Bank is a publicly traded company on SEHK and it is one of the largest by market cap. HSI was first published ... ( read original story ...)
Banking in Hong Kong? You Might Be Anywhere
Andy Mukherjee is a Bloomberg Gadfly columnist covering industrial companies and financial services. He previously was a columnist for Reuters Breakingviews. He has also worked for the Straits Times, ET NOW and Bloomberg News. Hong Kong is needlessly ... ( read original story ...)
Fintech startup Revolut is signing up 40 new business customers every day
Foreign exchange startup Revolut has 16,000 business customers four months after launch. Signing up 3,000 to 3,5000 new retail customers each day. Plans to launch in the US, Australia, Canada, Singapore, and Hong Kong in the first quarter of 2018. ( read original story ...)
New Hong Kong leader proposes small business tax cut, housing help
HONG KONG -- Chief Executive Carrie Lam on Wednesday laid out a broad vision for Hong Kong in her first policy address since she assumed the city's highest office, pledging to help the middle class by lowering the tax rate on small businesses and promising ... ( read original story ...)
Developing News – Hong Kong Banking May Get Easier & Tax Reductions For SMEs
I’ve never been so excited – after years of frustration – I remember back in March 2016 as this banking nightmare started – seems Hong Kong regulators are loosening up. And developing news that the Hong Kong banking system may ease up with not ... ( read original story ...)
Hong Kong Slaps Banker With Ban Over Mobile Phone, WeChat Use
Hong Kong’s securities watchdog banned a brokerage employee from the industry for four months for the manner in which the adviser used mobile phone and Tencent Holdings Ltd.’s WeChat to take orders from clients. Xu Tao, a former investment consultant ... ( read original story ...)
Firefighters discover two dead after breaking into Hong Kong flat to investigate odd smell
Firefighters discovered two bodies after breaking into a Hong Kong public housing flat on Thursday morning to follow up on a complaint about an odd smell. A police spokeswoman said a man and a woman were found dead inside the Ching Chiu House flat at Ching ... ( read original story ...)
In Hong Kong, It’s the Fans Who Protest During the National Anthem
While Hong Kong returned to Chinese control in 1997, it still fields its own teams in international sports competitions. One of its most popular teams, men’s soccer, has become a focal point for discontent. On Tuesday, fans booed before the start of an ... ( read original story ...)
HSBC tops Asiamoney’s New Silk Road Finance Awards
Helen Wong, Group General Manager of HSBC Group and Chief Executive for Greater China, The Hongkong and Shanghai Banking Corporation Limited, with the Best Overall International Bank for BRI award at Asiamoney Awards 2017 in Beijing, China, September 26. ( read original story ...)
Lalamove on track to become next start-up unicorn from Hong Kong
Hong Kong logistics start-up Lalamove said on Wednesday that it has raised US$100 million in the latest round of funding, placing its valuation to close to US$1 billion, giving further impetus to its expansion plans in Southeast Asia and maintain its ... ( read original story ...)
Despite long commutes to save money, Hong Kong couple just can’t keep pace with rising property prices
Carrie Lam looks to boost home ownership in Hong Kong with cheaper flats for the middle class Under ... The home prices under the scheme were unknown, but a government source said monthly mortgage payments, as measured against monthly income, would be ... ( read original story ...)
Here’s why you can’t afford a house, Bank Negara tells Malaysians
The central bank has resisted calls to loosen mortgage lending, instead saying the property ... affordability out of 18 metropolitan regions around the globe, with Hong Kong homes costing 19 times income and Beijing 14.5 times. Malaysia’s central bank ... ( read original story ...)