Toshiba said to be considering IPO for memory chip unit

The IPO is one of various contingency plans being looked at by ... which with tax write-offs gives it sufficient funds to cover its liabilities. Hong Kong-based activist investor, Argyle Street Management, a hedge fund with $1.2 billion under management ... ( read original story ...)

Hong Kong Hang Seng closes at record high

The Hang Seng index climbed 79 points ... The recent rally of Hong Kong shares tracked gains on global markets including Wall Street's main indexes. Rand firms slightly ahead of Reserve Bank announcement The rand was marginally stronger against major ... ( read original story ...)

Hong Kong plans independent oversight of listed company auditors

Hong Kong’s government has announced a bill to boost oversight of auditors of listed companies after a string of incidents last year in which some saw their share prices fall as much as 94 per cent in a single day. Secretary for financial services James ... ( read original story ...)

Hong Kong’s Red-Hot Home Market Set to Defy Rate Hikes

Financial Secretary Paul Chan warned last year of a “dangerous situation” in property. Yet, many factors suggest that, despite Hong Kong’s link to U.S. monetary policy via a pegged exchange rate, rising rates alone won’t kill off the property boom ... ( read original story ...)

Hong Kong stocks reach new peak, China index aided by Q4 growth

The top gainer on Hang Seng was Industrial and Commercial Bank of China Ltd up 3.6 per cent. Hong Kong stocks rose to a fresh peak on Thursday, led by telecommunications and financial firms. The China Enterprises index HSCE, which tracks major Chinese firm ... ( read original story ...)