Tag: finance

Fiji have announced they are coming for the Cathay Pacific/HSBC Hong Kong Sevens with one mission in mind – capturing a record fourth straight title at the showcase event of the HSBC World Rugby Sevens Series. With other teams keeping a watching eye on ... ( read original story ...)

Bank of China (Hong Kong), the lender’s local arm, reported a worse than expected result of HK$28.48 billion (US$3.62 billion) for 2017, up 16 per cent from HK$24.57 billion a year earlier. This is below the estimate of a 27 per cent increase forecast by ... ( read original story ...)

Hong Kong’s private home prices rose to a new all-time high in February, extending their record-breaking run to 16 straight months, the latest government data showed. The Asian financial hub, which has one of the least affordable property markets in the ... ( read original story ...)

Anti-tumour drug researcher Ascentage Pharma has become the latest Chinese biotechnology company to choose Hong Kong for going public, in further evidence that an impending listing rules revamp will help the city take market share from New York, the ... ( read original story ...)

HONG KONG — BOC Aviation Ltd said on Thursday it would buy six new Boeing 787-9 aircraft from Boeing worth a combined $1.7 billion (£1.2 billion) at list prices. Asia's second-biggest aircraft lessor, which had 491 aircraft as of the end of last year ... ( read original story ...)

Online share trading platforms and financial firms using so-called “robo advisers” instead of human beings are facing more curbs from Hong Kong’s Securities and Futures Commission (SFC), according to a revamped guideline document issued on Wednesday ... ( read original story ...)

Most Kwai Chung, which runs popular satirical magazine 100Most and a digital media site tapping into Hong Kong’s youth culture, saw its stock soar tenfold at the start of its trading debut on Wednesday. The firm’s initial public offering had attracted ... ( read original story ...)

Former Hong Kong financial secretary John Tsang Chun-wah announced plans to set up a fund to help aspiring entrepreneurs in the city on Monday. Revealing the idea in a Facebook interview with Citibank, Tsang said he hoped to use his network of contacts to ... ( read original story ...)

Most Kwai Chung, which runs popular Hong Kong satirical magazine 100Most and a digital media site tapping into local youth culture, has made history in the city with retail investors seeking more than 6,000 times the number of shares in its initial public ... ( read original story ...)

HONG KONG (Reuters) - Citigroup Inc (C.N) has named its global co-head for technology investment banking, Jan Metzger, as its new Asia Pacific head of corporate and investment banking (CIB), according to an internal memo seen by Reuters on Tuesday. ( read original story ...)

BOC Hong Kong shed 0.38 percent, China Mobile lost 0.35 percent, Lenovo Group picked up 0.24 percent, Hong Kong & China Gas eased 0.12 percent and Power Assets Holdings, CITIC and Hang Lung Properties were unchanged. The lead from Wall Street is broadly ... ( read original story ...)

HSBC Insurance, Hong Kong’s third largest insurer by gross premiums, plans to sell more products via digital channels in coming years and is now targeting a third of its new business to be delivered online by the end of next year. “When we first sold ... ( read original story ...)

and The Hongkong and Shanghai Banking Corporation Limited ("HSBC") today signed a strategic cooperation agreement ("the Agreement"), providing strong support for the future growth strategy of Fosun International and its subsidiaries ("Fosun"). Wang Qunbin ... ( read original story ...)

The fans, their costumes and the party atmosphere that comes with them will be in full force at next month’s Cathay Pacific/HSBC Hong Kong Sevens, but the world’s best players will not. It doesn’t take a rocket scientist to work out scheduling the ... ( read original story ...)