Equities research analysts at Jefferies Financial Group reduced their FY2022 earnings per share (EPS) estimates for shares of BOC Hong Kong in a research report issued on Thursday, September 1st. ( read original story ...)
HSBC Trims China Debt Team in Hong Kong Amid Deal Slump
HSBC Holdings Plc is trimming the number of bankers focused on Chinese debt issuance amid a slump in bond deals from the world’s second-largest economy. ( read original story ...)
Hong Kong Shares Due For Support On Monday
The Hong Kong stock market has moved lower in consecutive trading days, slumping more than 500 points or 2.5 percent along the way. The Hang Seng Index now rests just above the 19,450-point plateau ... ( read original story ...)
China’s property crisis sinks all as Vanke services arm faces investors in Hong Kong’s moribund IPO market
New stock offerings have been a failure for investors who took part in deals involving Chinese property management services firms this year. Many such IPOs since 2019 have tanked. China Vanke will ... ( read original story ...)
Hong Kong stocks slide toward March low as Chengdu extends lockdown, BYD slumps on another Berkshire stake sale
Stocks slide towards the lowest level since mid-March amid concerns about widening lockdowns. BYD slumps further after another round of sale by Berkshire Hathaway. Baidu slips upon joining the index ... ( read original story ...)
Week In Review: Biocytogen, A Genetically Modified Animal Models Company, Stages $60 Million IPO
Using its animal models, Biocytogen has also developed an innovative in vivo drug efficacy and safety screening process to discover 10+ preclinical and clinical candidates. ( read original story ...)
Hong Kong Premier League: Ngue penalty enough as Football Club condemn newcomers Sham Shui Po to defeat
Former Hong Kong international Paul Ngue converted a penalty after 25 minutes after he was brought down in the box. Despite support from a strong 940 crowd, Sham Shui Po were under-par, according to ... ( read original story ...)
Stock Connect expansion will attract more IPOs: FS
Financial Secretary Paul Chan on Sunday said China’s move to allow mainland investors to trade in shares of more overseas companies listed in Hong ... ( read original story ...)
Hong Kong banks’ ambitious bet on the mainland unravels
Half-year results published by mainland banks last week show the strains of the local property market crisis, which is getting progressively worse. Hong Kong peers, despite reassurances, have not ... ( read original story ...)
China banking crisis: savers at risk as small lenders face ‘perfect storm’ of soured property loans, slowing economy
A debt crisis in the property sector and an economy hobbled by a zero-Covid policy have left small lenders struggling. This could spell trouble for millions of individual savers. ( read original story ...)
Research Analysts Offer Predictions for BOC Hong Kong (Holdings) Limited’s FY2023 Earnings (OTCMKTS:BHKLY)
Equities research analysts at Jefferies Financial Group upped their FY2023 earnings per share estimates for BOC Hong Kong in a research note issued on Thursday, September 1st. Jefferies Financial ... ( read original story ...)
HKFP Lens: Unkindest cut as Hong Kong’s last sawmill set to close after 75 years to make way for new Northern Metropolis
The owner of Chi Kee Sawmill & Timber, Wong Hung-kuen, describes the 75-year-old business as a “temple of carpentry” in Hong Kong. But the city is about to lose its last such temple. The 72 year-old ... ( read original story ...)
Tencent Denies Financial Times Divestment Article, Week In Review
Asian equity markets were mixed on light volumes except for China and South Asian equity markets in advance of today’s US jobless number, which came in stronger than anticipated. ( read original story ...)
Fed ends decade-long enforcement action against HSBC
The U.S. Federal Reserve has terminated a decade-long enforcement action against HSBC Holdings PLC under which Europe's biggest bank by assets was ordered to improve practices after violating money ... ( read original story ...)