Tag: finance

PPI data continued to lessen the threat of exported deflation, while a lower CPI rate dampened concerns over higher People’s Bank of China interest rates. There was a slightly weaker dollar trend, which provided net support to Hong Kong stocks ... ( read original story ...)

Hong Kong’s No 2 official has reached out to the city’s youth in trying to justify her controversial deal with Beijing to build a HK$3.5 billion museum, saying it would send out an encouraging message that “not all of you need to go into banking”. ( read original story ...)

Hong Kong needs to attract more health care and biotechnology and other technology firms to its initial public offering market, to diversify the city’s mix of listed stocks, according to global law firm Baker McKenzie and consulting giant PWC ... ( read original story ...)

Hong Kong’s Securities and Futures Commission (SFC), the country’s main financial services watchdog, today issued its second warning in a week, adding a further four entities to its Alert List after it came to light that they were offering their ... ( read original story ...)

Concerns are growing that a “banking underclass” is emerging in Hong Kong due to the combined effects of racial discrimination and a system of redress so cumbersome that people have given up complaining. In a move to address the problem – which has ... ( read original story ...)

Rifa Securities was awarded as one of Best Hong Kong Securities Brokerage Firms of year 2016, together with other nine financial services powerhouses, including Bank of China (International), Bank of Communications (International), and EverBright Securities. ( read original story ...)

In December, a pair of rainbow lions installed outside a bank caused a stir in Hong Kong. LGBTI activists applauded HSBC for refusing to bow to pressure from local family groups to remove the colourful statues, which represented its “Celebrate Pride ... ( read original story ...)

A weaker dollar and decline in US yields provided net support to the Hong Kong market. There was ... volatility was important in deterring capital flows into equities. The Hang Seng index opened significantly higher, but hit resistance on approach to ... ( read original story ...)

Hong Kong stocks ended slightly higher on Friday with trading turnover ... Mainland stocks dipped before China releases December’s foreign exchange reserve data on Saturday. The Hang Seng Index closed Friday trading up 0.21 per cent or 46.32 points ... ( read original story ...)

Hong Kong stocks rose the most in two months on Thursday ... Mainland stocks closed mixed, with minor gains and losses for major benchmarks. The Hang Seng Index ended at 22,456.69, its highest level since December 9, surging 1.46 per cent or 322.22 ... ( read original story ...)

Hong Kong shares extended gains to end firmer on Friday, scoring its best week in three months, as capital outflow worries eased after the US dollar took a breather from its post-election rally. The benchmark Hang Seng index finished 0.2 per cent higher ... ( read original story ...)

The benchmark Hang Seng index added 0.4 percent, to 22,546.76 points, while the Hong Kong China Enterprises Index gained 0.2 ... and Beijing's efforts to defend the yuan. China's central bank set the official yuan midpoint at 6.8668 per dollar prior ... ( read original story ...)

"As a world-renowned financial hub, Hong Kong itself still retains its competitive edge", Gui noted. It ended the week 0.97 per cent higher. The currency traded in the mainland appreciated 0.7% to 6.8842. The Hang Seng Index gained 1.1% and the Hang Seng ... ( read original story ...)

The Hong Kong stock market turned emphatically higher again on Thursday, one session after it had ended the four-day winning streak in which it had advanced more than 570 points or 2.7 percent. The Hang Seng Index ... and Commercial Bank of China collected ... ( read original story ...)