There are good reasons for Hong Kong to feel confident about the stability of its financial system with the linked exchange rate mechanism backed by a prudent fiscal policy and more than ample reserves. But financial stability can be disrupted by upheavals ... ( read original story ...)
Tiny Hong Kong homes fuel storage boom
People often complain about Hong Kong’s notoriously tiny apartments, but for investors like Blackstone Group LP, opportunity can be found in small places. Welcome to the world of self storage. The majority of Hong Kong’s 7.4 million residents live in ... ( read original story ...)
Banks of Communications to invest $1 billion in new Hong Kong unit
HONG KONG (Reuters) - Bank of Communications (3328.HK) (601328.SS) said it plans to invest HK$7.9 billion ($1.01 billion) to set up a wholly-owned subsidiary in Hong Kong, which will focus on the retail and private banking business. The bank said in a ... ( read original story ...)
Deutsche Bank Closes 16 ETFs in Hong Kong After Demand Slump
Deutsche Bank AG’s asset-management unit is closing 16 exchange-traded funds in Hong Kong, following BlackRock Inc. in de-listing ETFs with low demand. The 16 Deutsche Bank X-trackers ETFs ceased trading on Wednesday, according to a Hong Kong exchange ... ( read original story ...)
Deutsche Bank Closes 16 ETFs in Hong Kong After Slump in Demand
Deutsche Bank AG’s asset-management unit is closing 16 exchange-traded funds in Hong Kong, following BlackRock Inc. in de-listing ETFs with low demand. The 16 Deutsche Bank X-trackers ETFs ceased trading on Wednesday, according to a Hong Kong exchange ... ( read original story ...)
Behind Hong Kong’s Stock-Market Surge: An Old Bank and a Millennial Tech Giant
HONG KONG—One is a British bank founded in the 19th century colonial era ... in Tencent Holdings Ltd.—the two biggest stocks by weighting in the benchmark Hang Seng Index—helped push it through the 26000 barrier Thursday to its highest level on ... ( read original story ...)
Hong Kong stocks close above 26,000 level as PBOC eases liquidity fears
Hong Kong stocks touched a two-year high on Wednesday, led by Chinese financials including Bank of China and Industrial & Commercial Bank of China after the People’s Bank of China injected short-term liquidity into the markets, easing concerns about an ... ( read original story ...)
Razer to target $5-billion valuation in IPO, sources say
Razer Inc. is shooting for a Hong Kong initial public offering that could value the gaming ... It’s sold $1-billion worth of product globally in the past three years, Mr. Tan added. Razer’s IPO would be one of the largest tech debuts in the Asian ... ( read original story ...)
Gaming firm Razer seeks Oct HK IPO at up to $5 billion valuation: source
HONG KONG Razer Inc, a gaming hardware maker backed by Intel Corp and Hong Kong billionaire Li Ka-shing, plans to go public toward the end of October in an IPO that will value the company at up to $5 billion, a person familiar with the deal said on Wednesday. ( read original story ...)
UPDATE 1-Chinese lender Zhongyuan Bank prices $1 bln HK IPO near bottom-IFR
HONG KONG, July 12 (Reuters) - Chinese city commercial lender Zhongyuan Bank Co Ltd priced its Hong Kong initial public offering (IPO) near the bottom of expectations, raising $1 billion to bolster its capital base, IFR reported. The IPO of about 3.3 ... ( read original story ...)
Hong Kong stock rally pushes Hang Seng above 26,000 level
Hong Kong stocks broke through the 26,000 level on Wednesday as they headed for their best week in four months. Gains for banks and technology stocks supported the Hang Seng index on Wednesady ... after the People’s Bank of China reportedly injected ... ( read original story ...)
HSBC’s Soaring Shares Have Hong Kong Traders Pining for More
Start your day with what's moving markets in Asia. Sign up here to receive our newsletter. Introducing Hong Kong’s newest stock-market darling. Traders can’t seem to get enough of HSBC Holdings Plc. They’ve sent the shares up more than 20 percent in ... ( read original story ...)
Hong Kong stocks have best day in four months, financials lend support
SHANGHAI, July 11 Hong Kong stocks extended this week's rally, posting their best day in four months on Tuesday, bolstered by strong gains among financial sector stocks. The Hang Seng Index rose 1.5 percent, to 25,877.64 points, while the China Enterprises ... ( read original story ...)
What can Hong Kong offer in tackling the mainland’s financial mess?
Beijing may be finally learning from Hong Kong’s regulatory experience as it makes unprecedented efforts to maintain domestic financial stability and contain external shocks. This can be seen from last week’s half-year economic analysis seminar where ... ( read original story ...)