Tag: finance

The $25 billion record IPO of e-commerce giant Alibaba in New York in 2014 was a high-profile loss for mainland China and Hong Kong, where the company initially intended to list. More recently, however, some Chinese companies have opted to quit New York ... ( read original story ...)

HONG KONG - London-based bank HSBC reported Tuesday that its annual profit slumped following a year it said would be remembered for "unexpected economic and political events" and warned of risks in 2017 to the global economy's continuing recovery. ( read original story ...)

The regulator will likely speak to the IPO sponsors and interview significant buyers of GME stock and look into their background and source of funds, Neoh added. Run-ups such as GME’s highlight quirks in Hong Kong’s market for small-caps, where wild ... ( read original story ...)

Financial Secretary Paul Chan Mo-po on Wednesday announced a new policy unit would be established in an effort to review Hong Kong’s tax regime and narrow the city’s tax base. In handing down the 2017-18 budget, Chan revealed his plan to widen the ... ( read original story ...)

HONG KONG Former Hong Kong leader Donald Tsang was jailed for 20 months on Wednesday for misconduct in public office, making him the most senior city official to serve time behind bars in a ruling some said reaffirmed the financial hub's vaunted rule of law. ( read original story ...)

More than 20 million shares changed hands in morning session City’s second exchange under scrutiny over manipulation fears Hong Kong’s securities regulator suspended trading in a company’s stock after it rose 543 percent on its public market debut. ( read original story ...)

HONG KONG/LONDON — Annual profit at HSBC Holdings slumped 62 per cent and fell far short of analysts’ estimates as Europe’s largest bank took hefty writedowns from restructuring and pointed to brakes on revenue growth. HSBC shares slid more than 6 ... ( read original story ...)

Hong Kong's economy grew at a slower pace of 1.9 percent last year and Financial Secretary Paul Chan Mo-po took steps on Wednesday in his first budget address to reverse course by cutting taxes, waiving fees for tourism firms and pledging better services. ( read original story ...)

HONG KONG, Feb. 22 (Xinhua) -- Hong Kong Financial Secretary Paul Chan Mo-po said on Wednesday that Hong Kong has the potential to develop green finance and the government will intensify its efforts to seek opportunities in this area. When delivering the ... ( read original story ...)

More than 20 million shares changed hands in morning session City’s second exchange under scrutiny over manipulation fears Hong Kong’s securities regulator suspended trading in a company’s stock after it rose 543 percent on its public market debut. ( read original story ...)

Hang Seng in Hong Kong drop by 41%. Hong Kong (AsiaNews) - The 2016 HSBC (Hong Kong and Shanghai Bank) profits have plummeted by 62% in one year according to President Douglas Flint. Announcing the drop today he insisted it was "quite satisfactory" given ... ( read original story ...)

HONG KONG/LONDON (Reuters) - HSBC Holdings reported a 62 percent slump in annual pre-tax profit that fell way short of analysts' estimates as the British bank took hefty writedowns from its restructuring, sending its Hong Kong shares down 3.5 percent. ( read original story ...)

HONG KONG -- Pressing ahead with a policy of weeding out risk, Hong Kong-based Hang Seng Bank on Tuesday reported financial results that were broadly in line with market expectations. Net profit attributable to shareholders fell 41% in 2016 to 16.21 ... ( read original story ...)

Feb 21 Hang Seng Bank Ltd: * FY attributable profit down 41% to HK$16.21 billion * Fourth interim dividend of HK$2.80 per share * FY net interest income grew by 5% to HK$22.25 billion * At 31 December 2016, our common equity tier 1 capital ratio was 16.6% ... ( read original story ...)