Tag: banking

HONG KONG (Reuters) - Hong Kong Exchanges & Clearing (HKEX) is still maintaining an "active" and "good conversation" with Saudi Aramco about its planned massive share sale, the head of HKEX said on Wednesday. At a news conference after announcing its ... ( read original story ...)

Police are hunting for an armed robber who stole around HK$70,000 (nearly US$9,000) from a Bank of East Asia branch in Central on Hong Kong Island on Wednesday afternoon. At 3:30pm, a man aged around 50 was seen pointing what appeared to be a gun at a ... ( read original story ...)

Hong Kong’s much-awaited budget on Wednesday will offer relief measures worth as much as around HK$50 billion, along with a key longer-term initiative for a primary health care network in all 18 districts to ease the burden on hospitals, the Post has ... ( read original story ...)

Hong Kong officials should invest the city’s massive fiscal surplus in accelerating productivity and future economic growth, including upgrading the payment system vital to the pillar industry of finance, a former head of the Hong Kong Monetary Authority ... ( read original story ...)

SINGAPORE (Feb 26): An agreement between Hongkong Land and Malaysia-listed IOI Properties Group to jointly own and develop a prime land parcel in Singapore’s Marina Bay financial district could be in trouble. Sources say the deal could be facing setbacks ... ( read original story ...)

Hong Kong continues to maintain a gender bias in hiring for senior executive roles, as only about 10 per cent of director positions are occupied by females, while the CEO role is pretty much a men-only club. Meanwhile, other leading economies have made ... ( read original story ...)

It’s time for Hong Kong finance chiefs to stop saving for a rainy day and start spending—and spending big—today. Indeed, the looming “structural deficit” that Tsang harped on about as the surpluses piled up is now being questioned by economists ... ( read original story ...)

More funding might be on the way to “strengthen” the medical system “for the ageing population”, Hong Kong’s financial secretary hinted on Sunday amid discussion over the city’s considerable budget surplus. In a blog post, Paul Chan Mo-po ... ( read original story ...)

HONG KONG -- The stock exchange operator of Hong Kong is speeding up changes to the long-cherished principle of equal voting rights for all shareholders. Hong Kong Exchanges & Clearing will adopt new listing rules to allow companies with "weighted voting ... ( read original story ...)

Hong Kong stocks dropped on Thursday, dragged lower by Chinese financials and property developers following a round of Wall Street losses overnight after the release of minutes from the Federal Reserve’s January meeting. Mainland markets were higher in ... ( read original story ...)

Feb 22 (Reuters) - Hong Kong stocks pulled back on Thursday from a two-week high hit in the previous session as investors took profit from sectors such as tech and financials , though the decline was capped by inflows from mainland China. ** At close of ... ( read original story ...)

Hong Kong stocks spent the morning session on Thursday lower due to a correction in Chinese financials and property developers following a round of Wall Street losses overnight caused by the release of minutes from the Federal Reserve’s January meeting. ( read original story ...)

(Photo: Rajesh Jadhav ) Mumbai: Taking the investigation into the multi-crore bank fraud case involving diamantaire Nirav Modi to the next stage, the (ED) will soon send letters rogatory (LR) to Hong Kong to ascertain the trail of funds raised by branches ... ( read original story ...)

Hong Kong stocks rebounded in mid-Wednesday morning trade, clawing back some gains from Tuesday’s steep slide, buoyed by HSBC shares and expectations for inflows when mainland Chinese markets reopen on Thursday after the Lunar New Year holiday. ( read original story ...)