Tag: finance

They were boosted by higher rental income and development profits from China. Hongkong Land's 2017 profits rose 14% YoY to $1.28b (US$970m), thanks to significantly higher development profits from China and increased rental earnings. Its final dividend ... ( read original story ...)

HONG KONG (Reuters) - Chinese drug developer Hua Medicine is planning to raise at least $400 million in an initial public offer in Hong Kong in the latest in a series of biotech floats in the city, said people with knowledge of the matter. Hong Kong is ... ( read original story ...)

HONG KONG, March 9 (Reuters) - Chinese drug developer Hua Medicine is planning to raise at least $400 million in an initial public offer in Hong Kong in the latest in a series of biotech floats in the city, said people with knowledge of the matter. ( read original story ...)

HONG KONG (Reuters) - The Hong Kong dollar extended its slide to a fresh 33-year trough on Friday, a day after the city’s de facto central bank said it may not intervene until the currency peg touches the floor of its trading band. The currency hit 7 ... ( read original story ...)

The Hong Kong dollar extended its slide to a fresh 33-year trough on Friday, a day after the city's de facto central bank said it may not intervene until the currency peg touches the floor of its trading band. The currency hit 7.8440 per U.S. dollar ... ( read original story ...)

5. Will significant fund outflows within a short span of time disrupt the normal functioning of the banking system and even the overall economy of Hong Kong? 6. Will the continued weakening of the HKD and huge fund outflows lead to systemic risk and ... ( read original story ...)

The Hong Kong dollar extended its slide to a fresh 33-year trough on Friday, a day after the city’s de facto central bank said it may not intervene until the currency peg touches the floor of its trading band. The currency hit 7.8440 per US dollar ... ( read original story ...)

Hong Kong’s markets have been flooded with cash over the past decade as heavy money printing by global central banks, led by the U.S. Federal Reserve, directed large flows of new cash to the territory, whose financial centre serves as the main gateway to ... ( read original story ...)

The lawyer defending finance chief Paul Chan Mo-po and his wife in a defamation case on Wednesday said allegations they made of two schoolchildren cheating at school tests are protected by the law, because the couple genuinely believed them. Benjamin Yu SC ... ( read original story ...)

HONG KONG (Reuters) - The Hong Kong Monetary Authority said on Thursday it had no immediate plans to issue bills to prop up the local dollar until it hit the limits of its trading band but warned that it had sufficient firepower to defend the currency. ( read original story ...)

Chinese internet giant Tencent Holdings Ltd. may soon have another opportunity to cash in on one of its investments. Tongcheng-Elong Holdings Ltd., a travel company backed by Tencent and China’s largest travel website Ctrip.com International Ltd., is ... ( read original story ...)

Hong Kong’s de facto central bank probably would not take additional steps - such as issuing extra Exchange Fund bills - to soak up the abundant liquidity to curb depreciation pressure. While the stock market becomes more volatile this year, demand for ... ( read original story ...)

Hong Kong’s central bank will probably take steps to tighten liquidity in the financial system as the city’s currency approaches the weak end of its peg against the greenback. That’s according to 15 of 19 analysts surveyed by Bloomberg from March 2 ... ( read original story ...)

The top gainer on Hang Seng was China Resources Power Holdings Co Ltd, up 6.21 percent, while the biggest loser was BOC Hong Kong Holdings Ltd with a 0.13 percent fall. ** As of the previous trading session, the Hang Seng index was up 0.93 percent this yea ... ( read original story ...)