on rallies in shares of Hong Kong Exchanges & Clearing and financial companies. The benchmark rose 0.9 per cent or 269.66 points to 30,087.73 at noon, heading for a fifth consecutive day of gains. The gauge is now about 5 per cent shy of its record close ... ( read original story ...)
Hong Kong shares nearing record high as strong company profits draw Chinese money
Hong Kong stocks surged to within a whisper of an all-time high ... according to a gauge by the Hang Seng Bank which monitors price differences between the two markets. Citic Securities, China’s biggest publicly traded brokerage, said mainland Chinese ... ( read original story ...)
Hong Kong’s Hang Seng Index Rises Above 30,000 to Decade-High
Goldman Sachs, Bocom expect the rally to continue for now Hong Kong’s benchmark equity gauge rose above the 30,000 level for the first time in a decade as Tencent Holdings Ltd. extended its rally and Chinese financial shares climbed. The Hang Seng Index ... ( read original story ...)
Tencent links up in BOCHK pay push
BOC Hong Kong (2388), a unit of Bank of China, will reportedly team up with Internet giant Tencent Holdings (0700) to introduce a new cross-border digital wallet. The bank's digital wallet will directly connect with Tencent's flagship WeChat Pay. ( read original story ...)
Hang Seng launches three ‘southbound’ Hong Kong Stock Connect indices
It has 275 constituents, the largest of which is Tencent Holdings (11.5%), China Construction Bank (8.1%) and China Mobile (5.3%). The Hang Seng SCHK ex-AH Companies Index tracks companies only listed in Hong Kong, providing relevant benchmarks for ... ( read original story ...)
HSBC Private Bank fined record HK$400 million, as appeals tribunal concludes earlier SFC sanction ‘was correct’
HSBC Private Bank (Suisse) was fined a record HK$400 million (US$51.2 million) on Tuesday by the Securities and Futures Commission, after losing its appeal against a 2015 ruling for misconduct relating to the sale of structured products linked to Lehman ... ( read original story ...)
HSBC Fined a Record $51 Million Over Lehman-Linked Products
HSBC Holdings Plc’s private-banking unit was fined a record HK$400 million ($51 million) over sales of structured products linked to Lehman Brothers Holdings Inc. in Hong Kong. HSBC Private Bank (Suisse) SA will have its license to advise on securities ... ( read original story ...)
Hong Kong finance chief seeks mainland tax break for city’s researchers
Hong Kong’s financial secretary said on Tuesday that he wanted researchers from the city who go to the mainland to develop new technology to be exempted from paying tax there. But Paul Chan Mo-po admitted that the response to that idea in Beijing had ... ( read original story ...)
HSBC Private Bank fined record HK$400m, as appeals tribunal concludes earlier SFC sanction ‘was correct’
HSBC Private Bank (Suisse) has been fined a record HK$400 million (US$51.2 million) by the Securities and Futures Commission, after losing its appeal against a 2015 ruling for misconduct relating to the sale of structured products linked to Lehman Brothers. ( read original story ...)
HSBC Has Fine Over Lehman Products Reduced in Hong Kong
SFC originally imposed HK$605 million penalty on HSBC HSBC Holdings Plc’s private-banking unit was fined HK$400 million ($51 million) over sales of structured products linked to Lehman Brothers Holdings Inc. in Hong Kong, a smaller penalty than the city ... ( read original story ...)
Finance director murdered mistress and sneaked away the body, prosecutors tell Hong Kong court
A finance company director killed his mistress and successfully sneaked the body out of her flat only for it never to be found, prosecutors told a Hong Kong court on Monday. Opening the murder trial of Ivan Chan Man-sum, lawyer Anna Lai Yuen-kee SC said ... ( read original story ...)
Biometric Solutions Provider BIO-key Expands Asia Presence, Adding Hong Kong Based Financial Executive Fabian Shin to its Board
Wall, N.J., Nov. 20, 2017 (GLOBE NEWSWIRE) BIO-key International, Inc. (NASDAQ:BKYI), an innovative provider of biometric software and hardware systems and consumer products offering strong, convenient security and user access, today announced the ... ( read original story ...)
Mom and Pop Pile Into Hong Kong IPOs in $163 Billion Bonanza
Mom-and-pop investors haven’t been this crazy for Hong Kong initial public offerings since 2009. Hong Kong retail stock buyers placed orders for $163 billion worth of equity in this year’s major deals, according to data compiled by Bloomberg. ( read original story ...)
Mom and Pop Pile Into Hong Kong IPOs With $163 Billion Bonanza
Mom-and-pop investors haven’t been this crazy for Hong Kong initial public offerings since 2009. Hong Kong retail stock buyers placed orders for $163 billion worth of equity in this year’s major deals, according to data compiled by Bloomberg. ( read original story ...)