Tag Archive

Hong Kong chosen for yuan settlement pilot (People’s Daily)

March 11, 2009 | OPPORTUNITY

HONG KONG: A pilot project involving yuan-denominated settlement of trade deals would start from Hong Kong, the central bank’s assistant governor Guo Qingping said in Beijing. Guo said cross-border trading activity would benefit from the move. He said the project was likely to be extended to other cities if the pilot project succeeds. Zhou...
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Bank of China, Nine Dragons, ZTE: Hong Kong Equity Preview (Bloomberg)

January 15, 2009 | WIRELESS

Jan. 15 (Bloomberg) — The following companies may have unusual price changes in Hong Kong trading. Stock symbols are in parentheses, and share prices are as of the last close. (read the story…) Related items Hong Kong’s Stocks Fall on Job Losses; Bank of China Declines (Bloomberg) Hong Kong Stocks Decline, Led by Banks on Share-Sale Concerns (Bloomberg) Hong...
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UPDATE: Asian Shares End Mostly Higher Led By Banking Stks (The Forex Market)

January 14, 2009 | NEWS

HONG KONG (Dow Jones)–Most Asian markets advanced Wednesday after a tentative start, with Chinese banking shares leading the rebound in Shanghai and Hong Kong despite news that another multinational bank had sold shares of Bank of China Ltd. (read the story…) Related items Hong Kong Stocks Advance, Led by HSBC as Banking Concerns Ease (Bloomberg) Hong Kong stock...
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Bank of America sells China bank stake (National Post)

January 14, 2009 | REAL ESTATE

Top U.S. lender Bank of America raised US$2.83-billion from selling part of its holding in China Construction Bank and Hong Kong’s richest tycoon followed by selling a US$500-million stake in rival Bank of China. (read the news…) Related items Hong Kong chosen for yuan settlement pilot (People’s Daily) Hong Kong’s Richest to Underwrite $1.1 Billion of HSBC’s Offer...
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Hong Kong’s Stocks Fall on Job Losses; Bank of China Declines (Bloomberg)

January 8, 2009 | NEWS

Jan. 8 (Bloomberg) — Hong Kong stocks had the biggest two- day decline since October as falling corporate profits and job cuts in the U.S. and at Lenovo Group Inc. stoked concern the global economic slump is deepening. (read the story…) Related items Hong Kong Stocks Rebound; HSBC, Bank Of Communications Rise (Fox News) Hong Kong Stocks Advance,...
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Bank of China Falls in Hong Kong on Li Sale; RBS Reviews Stake (Bloomberg)

January 8, 2009 | NEWS

Jan. 8 (Bloomberg) — Bank of China Ltd. fell the most in a month in Hong Kong trading after billionaire Li Ka-shing sold a $511 million stake in the nation’s third-largest lender, joining an exodus of investors as share lockups end. (read the story…) Related items UPDATE: Asian Shares End Mostly Higher Led By Banking Stks (The...
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Bank of China Falls in Hong Kong on Li Ka-Shing Sale (Update4) (Bloomberg)

January 8, 2009 | NEWS

Jan. 8 (Bloomberg) — Bank of China Ltd. fell the most in a month in Hong Kong trading after billionaire Li Ka-shing sold a $511 million stake in the nation’s third-largest lender following the end of a three-year lockup period. (read the story…) Related items UPDATE: Asian Shares End Mostly Higher Led By Banking Stks (The Forex...
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Bank of America sells China bank stake (Reuters via Yahoo! News)

January 7, 2009 | BUSINESS

Top U.S. lender Bank of America raised $2.83 billion from selling part of its holding in China Construction Bank (0939.HK) and Hong Kong’s richest tycoon followed by selling a $500 million stake in rival Bank of China (3988.HK). (read on…) Related items Hong Kong bankruptcy filings hit five-year high (Market Watch) BoCom Shares Fall in Hong Kong on...
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