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Tag: finance

Posted on 05/06/2019

Hong Kong holds somber Tiananmen vigil as Beijing goes into lockdown

HONG KONG/BEIJING (Reuters) - Tens of thousands joined a somber ... Demonstrators gathered in the financial hub's Victoria Park, holding up candles and placards as others rallied next to a replica of ... ( read original story ...)

Posted on 05/06/2019

Hong Kong activists prepare to commemorate 30th anniversary of Tiananmen

The spirit of political activism has now passed to a younger generation, crystalizing in the 2014 Occupy protests, also known as the Umbrella Movement, which laid siege to Hong Kong government ... ( read original story ...)

Posted on 04/06/2019

Hong Kong police officer found guilty of fraud for not declaring HK$200,000 gained in land deals on student loan applications

Indigenous villager Koo Chun-fai, 26, dishonestly omitted the land – from which he made HK$200,000 (US$25,640) – from two applications he submitted to the government’s Student Finance Office ... ... ( read original story ...)

Posted on 04/06/2019

Hong Kong slips behind New York and Nasdaq in five-month global IPO rankings, as trade war takes a toll on sentiment

Hong Kong was the third biggest IPO market by proceeds raised in the first five months of 2019, according to data from Refinitiv The city failed to attract blockbuster IPOs while its US rivals bagged ... ( read original story ...)

Posted on 04/06/2019

Hong Kong shares edge lower as trade war crossfire continues

The Hong Kong stock market fell on Tuesday as Beijing and Washington engaged in a war of words and warnings in their protracted dispute over trade and technology. ** At close, the Hang Seng index was ... ( read original story ...)

Posted on 04/06/2019

Paul Chan: Volatile markets pose risks to HK financial security

The government is concerned that Hong Kong’s financial markets have been quite turbulent recently, posing risks to the city’s financial security, Financial Secretary Paul Chan Mo-po warns. Attending a ... ( read original story ...)

Posted on 04/06/2019

Hong Kong’s new pensions tax break gives early boost to retirement savings

HSBC received 3,500 applications for MPF tax-deductible voluntary contributions and more than 5,000 for deferred annuity schemes by the end of May, according to Greg Hingston, head of retail banking ... ( read original story ...)

Posted on 04/06/2019

Case for HSBC to move HQ to Hong Kong looks stronger than ever

A prediction: by the end of the next decade, HSBC will no longer be headquartered in the UK. It is more than three years since Europe’s largest bank by assets completed a review of where it should ... ( read original story ...)

Posted on 03/06/2019

Bank of Jinzhou Auditors Resign Citing Loan Inconsistencies

The lender’s shares are suspended from trading in Hong Kong. China’s small- and mid-size lenders have been under increasing scrutiny after regulators last month seized control of Baoshang Bank Co., ... ( read original story ...)

Posted on 03/06/2019

ESR delays $1.4 billion IPO in Hong Kong amid trade tension market jitters: sources

HONG KONG (Reuters) - Logistics property developer ESR Cayman Ltd has delayed the launch of what would have been Hong Kong’s biggest initial public offering (IPO) so far this year, according to two ... ( read original story ...)

Posted on 03/06/2019

Shanghai tech board unlikely to challenge Hong Kong’s status as preferred IPO hub for Chinese biotech firms

Investment bankers say US-China trade war may dampen valuations of biotech firm IPOs in Hong Kong, but overall numbers likely to remain intact While Chinese biotech companies are likely to opt for ... ( read original story ...)

Posted on 01/06/2019

HSBC plans retail wealth headcount boost; eyes Singapore expansion

HONG KONG (Reuters) - HSBC Holdings PLC plans to boost its Asia retail wealth management staff by about 300 by end of this year, with Europe’s biggest lender by assets sharpening its focus on ... ( read original story ...)

Posted on 31/05/2019

Hang Seng Index thuds to a four-month low, as May sees index rattled for 9.4 per cent loss

a director of KGI Asia in Hong Kong. Kwong, sees further downside for the Hang Seng Index at 26,700. If that level is breached, a decline to 26,000 could be expected, he said. A calculation by Chinese ... ( read original story ...)

Posted on 31/05/2019

How this Hong Kong CEO from a billionaire family is reinventing hotels for millennials

When Sonia Cheng became chief executive of Hong Kong-based Rosewood Hotel Group, she had a particular type of traveler in mind: herself. Cheng was 30 at the time when one of her family's businesses, ... ( read original story ...)

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