Tag: finance

It’s time for Hong Kong finance chiefs to stop saving for a rainy day and start spending—and spending big—today. Indeed, the looming “structural deficit” that Tsang harped on about as the surpluses piled up is now being questioned by economists ... ( read original story ...)

More funding might be on the way to “strengthen” the medical system “for the ageing population”, Hong Kong’s financial secretary hinted on Sunday amid discussion over the city’s considerable budget surplus. In a blog post, Paul Chan Mo-po ... ( read original story ...)

HONG KONG -- The stock exchange operator of Hong Kong is speeding up changes to the long-cherished principle of equal voting rights for all shareholders. Hong Kong Exchanges & Clearing will adopt new listing rules to allow companies with "weighted voting ... ( read original story ...)

Hong Kong stocks dropped on Thursday, dragged lower by Chinese financials and property developers following a round of Wall Street losses overnight after the release of minutes from the Federal Reserve’s January meeting. Mainland markets were higher in ... ( read original story ...)

Feb 22 (Reuters) - Hong Kong stocks pulled back on Thursday from a two-week high hit in the previous session as investors took profit from sectors such as tech and financials , though the decline was capped by inflows from mainland China. ** At close of ... ( read original story ...)

Hong Kong stocks spent the morning session on Thursday lower due to a correction in Chinese financials and property developers following a round of Wall Street losses overnight caused by the release of minutes from the Federal Reserve’s January meeting. ( read original story ...)

(Photo: Rajesh Jadhav ) Mumbai: Taking the investigation into the multi-crore bank fraud case involving diamantaire Nirav Modi to the next stage, the (ED) will soon send letters rogatory (LR) to Hong Kong to ascertain the trail of funds raised by branches ... ( read original story ...)

Hong Kong stocks rebounded in mid-Wednesday morning trade, clawing back some gains from Tuesday’s steep slide, buoyed by HSBC shares and expectations for inflows when mainland Chinese markets reopen on Thursday after the Lunar New Year holiday. ( read original story ...)

HSBC said on Tuesday that its reported pre-tax profit for 2017 stood at US$17.2 billion, up 141 per cent on the equivalent figure for 2016, when the bank booked losses on a number of one-off items. The market, however, reacted badly to the announcement ... ( read original story ...)

HONG KONG — HSBC said Tuesday that profits rose on strong earnings from Asia, in the latest sign that the London-based global bank’s restructuring to focus even more on the region is paying off. The bank said pretax profit, after adjusting for one-off ... ( read original story ...)

HONG KONG/LONDON (Reuters) - HSBC Holdings (HSBA.L) reported a jump in annual pre-tax profit that missed expectations and unveiled a plan to raise up to $7 billion over the next four months to bolster its capital base, as the bank prepares for growth under ... ( read original story ...)

However both the revenue and profit figures fell short of analyst forecasts, causing HSBC's share price to fall more than 1.5pc in afternoon trading in Hong Kong. “HSBC is simpler, stronger, and more secure than it was in 2011,” Mr Gulliver said. ( read original story ...)

HONG KONG — HSBC says its annual pretax profits rose by 11 per cent on strong earnings from Asia, in the latest sign that the London-based global bank’s restructuring to focus even more on the region is reaping further dividends. The bank said Tuesday ... ( read original story ...)

HONG KONG (Reuters) - HSBC Holdings’ (HSBA.L) pre-tax profit for 2017 more than doubled due to the absence of hefty restructuring costs incurred in the prior year but still lagged expectations as the bank took a writedown following U.S. tax changes. ( read original story ...)