Tag: banking

The Hang Seng Index fluctuated within a narrow range of 248 points ... per cent and 0.5 per cent respectively to 1,895.31 and 1,872.68. Agricultural Bank of China’s Hong Kong-listed shares surged 5.4 per cent to close at HK$4.71. Its Shanghai-traded ... ( read original story ...)

HONG KONG (Reuters) - Hong Kong’s securities regulator is pursuing disciplinary action against eight firms for alleged misconduct in their roles sponsoring initial public offerings (IPOs) in the Asian financial hub, a senior official said on Wednesday. ( read original story ...)

Financial Secretary Paul Chan: Hong Kong has also put in place a comprehensive anti-money laundering and counter-terrorist financing regime. It's built on a robust legal framework, effective law enforcement, rigorous preventive measures, capacity-building ... ( read original story ...)

Hong Kong flag carrier Cathay Pacific on Wednesday booked the first ... The firm's report was its worst since 2008 during the global financial crisis, as lower-cost Chinese airlines ate into market share while it took a major hit from fuel costs. ( read original story ...)

IOI Properties Group Bhd (IOI Prop) has terminated its agreement with Hongkong Land International Holdings Ltd ... This is because the group has sufficient in-depth expertise, financial capabilities and track record of other completed projects in Singapore ... ( read original story ...)

BOC Hong Kong added 0.38 percent and Henderson Land was unchanged. The lead from Wall Street is soft as stocks failed to hold a higher open Tuesday before sliding firmly into negative territory. The Dow slid 171.58 points or 0.68 percent to 25,007.03 ... ( read original story ...)

HONG KONG: UBS has told staff that it is “business as normal,” after the Swiss bank revealed on Friday it is fighting an 18-month suspension in Hong Kong from leading initial public offerings (IPOs). In an internal memo sent by Andrea Orcel and David ... ( read original story ...)

Reuters reports that The Hong Kong Securities and Futures Commission (SFC) had been investigating UBS’s role as a sponsor — or lead underwriter — of some IPOs listed on the Hong Kong Stock Exchange, it said. “In March 2018, the SFC issued a ... ( read original story ...)

The top gainer on Hang Seng was Hong Kong and China Gas Co Ltd up 1.79 percent ... The top gainers among H-shares were Agricultural Bank of China Ltd up 4.92 percent, followed by Guangdong Investment Ltd gaining 1.97 percent and Bank of China Ltd up ... ( read original story ...)

The Hang Seng Index retreated 0.3 per cent ... The Shanghai Composite Index was little changed. Agricultural Bank of China jumped in both Hong Kong and mainland trading, after proposing what could be the nation’s biggest ever private placement of ... ( read original story ...)

The Hong Kong Rugby Union (HKRU) held the official draw for the Cathay Pacific/HSBC Hong Kong Sevens 2018 and the World Rugby Women’s Sevens Series Qualifier 2018 at Hysan Place in Causeway Bay, Hong Kong on Monday. Three separate draws were held ... ( read original story ...)

Hong Kong and China’s banking sectors are among those most vulnerable to a crisis because of rising debts, according to a report from the Bank of International Settlements. BIS, known as the central bank for central banks, found that two key indicators ... ( read original story ...)

Then there are the Stock Connect share trading links between the Hong Kong exchange and its peers in Shanghai and Shenzhen to consider, which only allow the trading of stocks listed on the major Hang Seng Indexes (again, the Hang Seng Index or Hang Seng ... ( read original story ...)

March 12 (Reuters) - Hong Kong’s benchmark stock index rose nearly 2 percent ... of foreign capital inflows and China’s economic restructuring.” ** The Hang Seng index rose 1.9 percent to 31,594.33, while the China Enterprises Index gained 2.1 ... ( read original story ...)