“Instability in Hong Kong could have ripple effects very easily into China,” Eurasia Group Director for China Michael Hirson told Yahoo Finance’s On The Move. “What we need to watch for is a real ... ( read original story ...)
Hong Kong airport authority cancels all flights: Morning Brief
[Reuters] Also: Cathay Pacific shares tank as it bows to China to sack staff over Hong Kong protests [Yahoo Finance UK] Saudis to buy Reliance oil refining stake for $15B: The world’s biggest crude ... ( read original story ...)
Bank stocks tumble, taking ETFs with them
Bank stocks swooned Monday as bond yields fell further and unrest continued in Hong Kong. The SPDR S&P Regional Banking ETF KRE, -1.50% was down 1.42% in mid-morning trading, while the SPDR S&P Bank ... ( read original story ...)
Deutsche Bank attempts to wind up Singyes Solar
Deutsche Bank’s Hong Kong branch has issued a winding up petition against Guangdong-based solar project developer and building-integrated PV manufacturer Singyes Solar. The heavily-indebted solar ... ( read original story ...)
StanChart: Success of Virtual Banking in H.K. Depends on Partnerships
talks about the virtual banking business it plans to start in Hong Kong. He speaks with David Ingles and Yvonne Man on "Bloomberg Markets: Asia." ... ( read original story ...)
The week in renminbi: Hong Kong unrest worsens, Chinese banks’ woes continue, offshore market records large weekly outflows
The UK has no sovereign right, governing right, or supervision right in Hong Kong.” Shandong-based Hengfeng Bank became the third bank in China to get a bailout or takeover from the state. Central ... ( read original story ...)
Hong Kong police and protesters refine battle tactics as they go into tenth straight week of unrest
HONG KONG, Aug 11 (Reuters ... The increasingly violent protests since June have plunged the Asian financial hub into its most serious crisis in decades and are one of the biggest popular ... ( read original story ...)
Hong Kong protesters and police clash across city with renewed tactics
Hong Kong police and protesters clashed in cat-and ... The increasingly violent protests since June have plunged the Asian financial hub into its most serious crisis in decades and are one of ... ( read original story ...)
Hong Kong official warns city’s economy faces tough times
HONG KONG: Hong Kong Financial Secretary Paul Chan has warned the Asian financial hub is entering "a very difficult economic environment” as trade declines and growth slows. "Industries like retail, ... ( read original story ...)
As Hong Kong lenders trim staff, prospects tighten for some expat bankers unless they change roles, take a pay cut
As Deutsche Bank and other big banks reduce staff, expatriate financial workers who are made redundant and want to stay in Hong Kong may find it more difficult if they are unwilling to learn a new ... ( read original story ...)
Hong Kong braces for fresh protests as marchers set to defy police ban
HONG KONG (Reuters) - Hong Kong protesters readied ... Anti-government protests were planned in different locations in the Asian financial hub, including one at the city’s international airport ... ( read original story ...)
Former US ambassador to China warns Beijing intervention in Hong Kong will provoke Taiwan
As Hong Kong demonstrators enter their 10th consecutive weekend of protests, the former U.S. ambassador to China warned Beijing against interference, saying that could escalate tensions across the ... ( read original story ...)
HK banks group urges end of violence
Founded in 1981, the HKAB has many members such as Standard Chartered Bank, HSBC Bank, Bank of China (Hong Kong) Limited, Hang Seng Bank and Citibank, according to its website. Enditem ... ( read original story ...)
Bank of China Has a Message for Hong Kong: ‘Stop Violence, Contain Chaos’
Photographer: Paul Yeung/Bloomberg Photographer: Paul Yeung/Bloomberg “Stop violence, contain chaos, restore order.” The terse message in a full-page advertisement from Bank of China Ltd.’s units in ... ( read original story ...)