HONG KONG (Nikkei Markets) -- Hong Kong shares advanced on Friday, with gains in mainland companies and casino operators propelling the city's main gauge closer to the 30,000 mark. The Hang Seng Index had risen 0.4% to 29,969.51 by the noon lunchbreak. ( read original story ...)
Debts lurking in China’s shadow banking system
SHANGHAI/BEIJING/HONG KONG: In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at the bank had a special deal to ... ( read original story ...)
New reign set at BOC unit
But the Chinese-language Apple Daily reported that Gao would become the new head of BOC Hong Kong.... BOC Hong Kong's (2388) 60-year-old chief executive Yue Yi will soon retire, and Bank of China's (3988) executive vice president Gao Yingxin is reportedly ... ( read original story ...)
Hong Kong stocks rise as oil-price surge boosts PetroChina and CNOOC
Hong Kong stocks rose on Wednesday when trading resumed after the Christmas break, as a rally in oil producers countered losses in smartphone suppliers. The Hang Seng Index advanced ... Co propelled China Construction Bank Corporation to as much as HK$ ... ( read original story ...)
Hong Kong and mainland stocks advance as property developers and liquor distillers lead rally
Hong Kong’s benchmark Hang Seng Index advanced 0.9 per cent, or 266.05 points, to 29,863.71 at the close, while the Hang Seng China Enterprises Index rose 0.6 per cent. The Shanghai Composite Index also added 0.6 per cent. Trading on both markets was ... ( read original story ...)
Local prime rate seen rising in second half
HSBC Holdings (0005) and BOC Hong Kong (Holdings) (2388) said prime rate in Hong Kong is likely to increase in the second half of next year. George Leung Siu-Kay, an advisor at HSBC Asia Pacific, said whether Hong Kong increases prime rate will depend on ... ( read original story ...)
BOC Aviation Inks Deal For Sale Of Two Aircraft, Market Appraised Value $251 Mln
HONG KONG (Dec 22) -- BOC Aviation, a Hong Kong-listed aircraft operating leasing company, said Friday it has entered into an agreement for sale of two Boeing 777-300ER aircraft. The aggregate current market appraised value of the aircraft, as an average ... ( read original story ...)
Punters fail to cash in as BOC notes flop
The centenary commemorative note of Bank of China (Hong Kong) has been a major flop for speculators after buyers offered less than the original price on the first day of its release.In a move marking its largest release of new notes, BOC sold five million ... ( read original story ...)
Bank of China Group Insurance Co. Ltd. ‘A-‘ Rating Affirmed; Outlook Stable
We expect the insurer to benefit from the long-term commitment, management resources support, and access to client base from BOC. BOCG Insurance benefits from client referral from sister company, Bank of China (Hong Kong) Ltd., which has a broad network ... ( read original story ...)
Lee George Lam B.Sc., M.Sc., MBA, DPA, LL.B. (Hons), Ph.D., FHKlo
Dr. Lam serves as an Advisor of Investment Banking at BOC International Holdings Ltd. He serves as the Chief Adviser to Macquarie Infrastructure and Real Assets Asia. He serves as the Honorary Advisor to the Hong Kong Business Angel Network (HKBAN). ( read original story ...)
Profit-Taking Expected For Hong Kong Stock Market
Hong Kong & China Gas added 0.79 percent, Li & Fung gained 0.71 percent, New World Development picked up 0.53 percent, Ping An Insurance collected 0.49 percent, Industrial and Commercial Bank of China was up 0.48 percent and China Life and BOC Hong Kong ... ( read original story ...)
Lower Open Called For Hong Kong Stock Market
Hong Kong & China Gas gained 0.53 percent, BOC Hong Kong collected 0.52 percent, Ping An lost 0.37 percent, Li & Fung fell 0.24 percent, New World Development and CNOOC both dipped 0.18, Kunlun Energy advanced 0.12 percent and Belle International and ... ( read original story ...)
Scraping the sky
For the Pei family, BOC Tower continues to be a significant project nearly 40 years after its completion. "The only other project that was built in Hong Kong was an office tower in Causeway Bay called Sunning Plaza - it was recently demolished," notes ... ( read original story ...)
Hong Kong stocks rise for a 4th session amid optimism in Asian markets
Dec 28 (Reuters) - Hong Kong’s benchmark stock index rose for a fourth session in a row on Thursday, amid bullish sentiment in the region that pushed Asian stocks to their highest level in a month. ** At close of trade, the Hang Seng index was up 266.05 ... ( read original story ...)