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Tag: banking

Posted on 04/07/2022

HSBC Buys back 4.8M Shrs in HK, London Last Thu, Fri for $247M

HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 4.8 million shares in London and Hong Kong last Thursday (30 June) and Friday (1 July), involving a total of approximately HKD247 ... ( read original story ...)

Posted on 04/07/2022

Hong Kong investors gain access to US$89.6 billion in China-based ETFs as expansion of Stock Connect scheme kicks in

The ETF Connect is being hailed as part of a "gift package" that marked the 25th anniversary of the city's handover to Chinese sovereignty Move further entrenches Hong Kong as a global financial ... ( read original story ...)

Posted on 03/07/2022

Could Chinese demand soften the blow of a US recession on Hong Kong, South Korea and Singapore?

Analysts say even a marginal acceleration of Chinese demand could cushion the growth drag on Asia from slower shipments from the US. But China’s economy faces numerous headwinds that threaten to throw ... ( read original story ...)

Posted on 03/07/2022

Hong Kong’s Dry Spell for IPOs Set to End With Big China Deals

After a dismal first six months, things are finally looking up for initial public offerings in Hong Kong as several large Chinese firms line up to list in Asia’s financial hub in the second half. Most ... ( read original story ...)

Posted on 03/07/2022

‘Hong Kong will survive a US-China financial war’

Executive Councillor and former head of the Hong Kong Monetary Authority, Joseph Yam, said on Sunday that he doesn’t think the US will wage a ... ( read original story ...)

Posted on 02/07/2022

BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) Short Interest Down 43.2% in June

Limited (OTCMKTS:BHKLY – Get Rating) saw a large drop in short interest in June. As of June 15th, there was short interest totalling 2,500 shares, a drop of 43.2% from the May 31st total of 4,400 ... ( read original story ...)

Posted on 02/07/2022

Hong Kong’s 25 years: a stronger financial hub with opportunities Hong Kong’s 25 years: a stronger financial hub with opportunities

During the period, its total foreign trade in goods more than tripled to HK$10.27 trillion. Combined assets of the banking system totaled HK$27 trillion (about $3.4 trillion) in April 2022, more than ... ( read original story ...)

Posted on 02/07/2022

Senior investor: Hong Kong’s international financial center status has been enhanced

The past 25 years have seen Hong Kong's capital market going through profound changes. With 29 years' experience in the sector, 22 of which have been in Hong Kong, Liu Yang, Chairperson of Hong ... ( read original story ...)

Posted on 02/07/2022

What are ‘red chips’, and why are China’s state-owned companies such a big deal in Hong Kong’s stock market?

There are 175 so-called red-chip stocks listed in Hong Kong. Some of the biggest names include the holding companies for Bank of China’s local operations, conglomerate Citic and developer China ... ( read original story ...)

Posted on 02/07/2022

Economic Stability, Chinese Control Expected in Hong Kong for Next 25

Chinese President Xi Jinping arrived in Hong Kong Thursday to celebrate the 25th anniversary of the former British colony’s handover. Economically, Beijing is working to link Hong Kong more closely ... ( read original story ...)

Posted on 02/07/2022

Chinese, Hong Kong notes to lead Heritage July sale

Heritage expects Asian note popularity to further raise already high bids for a 1949 People’s Bank of China 100-yuan note and a 1921 Hongkong & Shanghai Banking Corp. $50 specimen note. ( read original story ...)

Posted on 02/07/2022

Former U.K. Cabinet member: China is threat to Hong Kong religions

"There are increasingly ominous signs" that religious freedom in Hong Kong is "next on the hit list by the destructive forces." ... ( read original story ...)

Posted on 01/07/2022

Hong Kong’s freedom has ‘vanished,’ Taiwan says on handover anniversary

China has been stepping up its military and political pressure to get Taiwan to accept Chinese sovereignty, while the island says only its people can decide their future. ( read original story ...)

Posted on 01/07/2022

Freedom has ‘vanished’, Taiwan says on Hong Kong anniversary

Most people in Chinese-claimed Taiwan have shown no interest in being run by Beijing, and the government has repeatedly rejected China's offer of 'one country, two systems' to rule the island, as with ... ( read original story ...)

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