March 31 (Reuters) - New mortgage loans drawn down in Hong Kong totalled HK$21.1 billion in February, down 16 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Friday. Following is the breakdown of data from the authority ... ( read original story ...)
BOC Hong Kong : 2016 Annual Report (non-printed version)
This version of the 2016 Annual Report will be replaced by the printed version available around mid April 2017. BOC Hong Kong (Holdings) Limited ("the Company") was incorporated in Hong Kong on 12 September 2001 to hold the entire equity interest of Bank ... ( read original story ...)
Sinopec Mulls Hong Kong, Shanghai Retail Unit IPO in 2018
China Petroleum & Chemical Corp. is considering a dual listing for its retail business, which could take place next year, according to people with knowledge of the matter. The world’s biggest oil refiner, known as Sinopec, is mulling a plan to sell ... ( read original story ...)
HKMA, Deloitte and other banks develop blockchain PoC for trade finance
The Hong Kong Monetary Authority (HKMA), consulting firm Deloitte, and leading trade finance banks in Hong Kong have developed a distributed ledger technology (DLT) proof of concept for Trade Finance. Industry participants include Bank of China (Hong Kong ... ( read original story ...)
Taiwan and Hong Kong: two cultures, one trip
Everyone knows that Hong Kong is the vibrant financial hub of Asia and that Taiwan leads the world with delicious rice noodles and the best cycling environment. But did you know that both destinations offer amazing scenery, trails, and golden beaches along ... ( read original story ...)
Hong Kong’s monetary authority unveils trade finance platform based on blockchain technology
Hong Kong appears set to burnish its credentials as a global trading hub, with its development of a proof-of-concept distributed ledger platform for trade finance using Blockchain technology. The Hong Kong Monetary Authority (HKMA) led this initiative ... ( read original story ...)
Hong Kong's Central Bank Partners on DLT Trade Finance Test
A group of six banks and a global auditing firm have completed a new blockchain trade finance test focused on the Hong Kong market. Revealed today, the group includes participation from the Hong Kong Monetary Authority (the region's de facto central bank ... ( read original story ...)
Hong Kong home prices hit another record high in February
Hong Kong's newly-selected leader Carrie Lam, who will take office in July, said on Tuesday she was "very determined" to tackle the high cost of housing, one of the top concerns of foreign business executives about the city. The government has vowed to ... ( read original story ...)
BOC Aviation buys two Boeing aircraft for $758 mln
HONG KONG BOC Aviation Ltd said on Friday it bought two Boeing 747-8 freighter aircraft for an aggregate list price of $758.2 million, as the aircraft lessor aims to build its balance sheet by investing in modern and in-demand aircraft. BOC Aviation said ... ( read original story ...)
Fly off in comfort to Hong Kong and Taiwan with China Airlines A350
travelling to and between Hong Kong and Taiwan can be almost as much fun as the vacation itself. Introduced in August 2016, the China Airlines A350-900 features three sections – premium business, premium economy, and economy – so there's a seat to fit ... ( read original story ...)
Wild sales show that Hong Kong property curbs aren’t working
Few bigger challenges loom for Hong Kong’s new Chief Executive Carrie Lam than bringing down real-estate prices in the city, the world’s least affordable. Increasing the supply of available land may take time, so she could start with removing property ... ( read original story ...)
Hong Kong, mainland stocks close lower on liquidity concerns
The Hang Seng Index slipped amid fluctuating trade ... a 0.4 per cent rise in profit to 278.2 billion yuan after the Hong Kong market closed on Thursday. Another heavyweight Chinese lender Bank of Communications slipped 0.5 per cent to close at HK$6.06. ( read original story ...)
Hong Kong shares fall, weighed by financials, Tencent
SHANGHAI, March 30 (Reuters) - Hong Kong stocks fell on Thursday, weighed by financials and index heavyweight Tencent, with weakness in mainland stocks also hurting sentiment. The benchmark Hang Seng index dropped 0.4 percent to 24,301.09 points, while the ... ( read original story ...)
Hong Kong pro-democracy activists appear in court
The nine activists could face up to seven years in prison for charges of conspiring to cause public nuisance or inciting others to do so [EPA] Nine pro-democracy Hong Kong activists appeared in court on Thursday for their role in the 2014 Umbrella Movement ... ( read original story ...)