The Belt-and-Road Initiative (BRI) is a visionary blueprint for global economic development while leading the global shift to a green economy. HSBC goes beyond understanding the potential opportunities which could result from the Belt-and-Road Initiative ... ( read original story ...)
More consolidation in Asian private banking as OCBC to buy NAB's Singapore and Hong Kong business
Southeast Asia's second largest lender OCBC agrees to buy NAB's private wealth business in Singapore and Hong Kong. Agreement follows several similar deals over the past few years, which saw a few non-Asian banks exiting the region's wealth management ... ( read original story ...)
BOCOM International prices HK IPO near bottom, raising $230 mln
priced on Friday its Hong Kong initial public offering (IPO) near the bottom of expectations, raising $230 million. The company, a unit of Bank of Communications Co Ltd (BoCom) , priced the 667 million shares on offer at HK$2.68 each, after marketing the ... ( read original story ...)
Hong Kong bourse better off without Beijing's aid
This looks like fresh evidence of Beijing's tightening grip on the city - and its belief that market prices are a tool to signal good news. Exporting that stance will dent Hong Kong's appeal. On the face of it, there is no need for any assistance. ( read original story ...)
Hong Kong GDP Beats Estimates as Consumer Spending Perks Up
Hong Kong’s economy beat analyst expectations in the first quarter ... beating median estimate for 0.2 percent growth from analysts surveyed by Bloomberg News Economy expanded 4.3 percent in the first quarter from a year earlier, stronger than the ... ( read original story ...)
Hong Kong tightens rules on bank loans for property developers
HONG KONG May 12 Hong Kong on Friday imposed stricter restrictions on bank lending to developers, warning there was a need to review credit risks posed by property companies in one of the world's most expensive real estate markets. Home prices in Hong Kong ... ( read original story ...)
UPDATE 1-BOCOM International prices HK IPO near bottom, raising $230 mln
priced its Hong Kong IPO near the bottom of expectations, underscoring the tough environment for financial companies in the Asian financial hub. The company, a unit of Bank of Communications Co Ltd (BoCom) , priced the 667 million shares on offer at HK$2 ... ( read original story ...)
Fitch Affirms 6 Hong Kong Banks; Positive Outlook on OCBC Wing Hang Bank
(The following statement was released by the rating agency) HONG KONG, May 11 (Fitch) Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDR) of six Hong Kong banks as follows: - OCBC Wing Hang Bank Ltd (WHB) at 'A+', - Bank of China (Hong ... ( read original story ...)
Fitch Affirms Hang Seng Bank and CCB Asia; Outlook Stable
(The following statement was released by the rating agency) HONG KONG, May 11 (Fitch) Fitch Ratings has affirmed Hang Seng Bank Limited's (HSB) Long-Term Issuer Default Rating (IDRs) at 'A+' with a Stable Outlook. The agency has also affirmed China ... ( read original story ...)
Hong Kong residents being forced to live on top of each other in ‘coffin homes’
Housing costs are among this wealthy Asian financial centre’s biggest problems. Some 200,000 of Hong Kong’s 7.3 million residents live in “subdivided units”. That’s up 18 per cent from four years ago and includes 35,500 children aged 15 and under ... ( read original story ...)
Hong Kong pro-democracy rally venue bid rejected
The organisers of Hong Kong's biggest annual pro-democracy march say their application to begin their protest in the usual venue has been rejected. The Civil Human Rights Front (CHRF) said the decision was taken by the government department which runs ... ( read original story ...)
Canadian soldier's watch found on WW II battlefield, finally coming home to family
For years, the last surviving memento of rifleman Ray Donald Jackson's life lay in the dirt in Stanley, Hong Kong, where he died. His family didn't even have a photo to remember him by. He was just a memory — a man who died serving with the Royal Rifles ... ( read original story ...)
OCBC says will buy NAB's mortgage portfolio in Singapore, Hong Kong
SINGAPORE Singapore's Overseas-Chinese Banking Corp (OCBC.SI) said on Thursday it will acquire National Australia Bank's (NAB.AX) private wealth business in Singapore and Hong Kong, increasing its mortgage portfolio by around 4 percent. The city-state's ... ( read original story ...)
Hong Kong pro-democracy rally application rejected
Hong Kong's authorities have not commented on the claim. Meanwhile, Hong Kong Free Press news portal reported that Victoria Park would be used by the Hong Kong Celebrations Association, which holds its own events to mark the handover on 1 July 1997. ( read original story ...)