Tag: finance

Stocks in Hong Kong closed lower today. The Hang Seng index dropped by 57.02 points or 0.19 percent at 29,623.83. Shares in op BOC Hong Kong Holdings (2388) rallied by 4.44 percent to HK$38.90. In China, the Shanghai Composite index edged up by 0.13 ... ( read original story ...)

Nov 30 (Reuters) - Hong Kong shares ended Thursday lower ... was 1.49 percent lower and property sector dipped 0.12 percent. ** The top gainer on Hang Seng was Bank of East Asia Ltd , up 1.79 percent, while the biggest loser was AAC Technologies Holdings ... ( read original story ...)

The Hang Seng Index ended down 1 per cent ... China Construction Bank down 1.6 per cent to HK$6.9, and China Merchants Bank off 4.1 per cent to HK$31.95. Still, some Hong Kong property developers gained. Sun Hung Kai Properties added 1.3 per cent to ... ( read original story ...)

The rise of China’s “new-economy” stocks will help push Hong Kong’s benchmark Hang Seng Index to a historic high of 32,000 ... said Kinger Lau, the investment bank’s chief China strategist, who sees the MSCI China index climbing to 100 in the ... ( read original story ...)

Nov 27 (Reuters) - Hong Kong shares closed lower on Monday ... last month despite a slight cooling from a sizzling September. ** At close of trade, the Hang Seng index was down 180.13 points or 0.6 percent at 29,686.19. The Hang Seng China Enterprises ... ( read original story ...)

The top gainer on Hang Seng was BOC Hong Kong Holdings Ltd up 4.44 percent ... followed by China Vanke Co Ltd gaining 4.75 percent and China Merchants Bank Co Ltd up by 1.13 percent. ** The three biggest H-shares percentage decliners were BYD Co Ltd ... ( read original story ...)

The prime rate stands at 5 percent at HSBC Holdings Plc, Hong Kong’s biggest bank. A typical Hong Kong home loan may be priced at Hibor plus 1.4 percent, for example, with a ceiling at prime minus 2.85 percent. Three months ago, the one-month rate stood ... ( read original story ...)

The prime rate stands at 5 percent at HSBC Holdings Plc, Hong Kong's biggest bank. A typical Hong Kong home loan may be priced at Hibor plus 1.4 percent, for example, with a ceiling at prime minus 2.85 percent. Three months ago, the one-month rate stood ... ( read original story ...)

HONG KONG - HSBC hosted more than 100 institutional investors from across Asia, senior officials from Saudi Arabia and executives from some of the Kingdom’s biggest companies in an invitation-only event focused on the government’s ambitious Vision 2030 ... ( read original story ...)

Bank of East Asia, Hong Kong’s largest independent bank, has sold a package of consumer finance assets to Chinese money lender QL Finance for HK$1.08 billion (US$139 million), as part of an ongoing drive to cut costs and streamline operations. ( read original story ...)

“We should basically in a few weeks, hopefully be able to announce a structure where we will have a chapter inside the main board that allows companies to list in Hong Kong, with weighted voting rights structures.” The Asian financial hub’s exchange ... ( read original story ...)

Great Wall will be the third Chinese “bad bank” to list in Hong Kong. The company, along with three other similar groups, was created by China’s finance ministry in 1999 as a vehicle into which non-performing loans could be offloaded from China’s ... ( read original story ...)

head of the institutional banking group at DBS Bank (Hong Kong) Ltd. To read more on the threat to Hong Kong home prices, click here “The market is following the U.S. because it expects a Fed rate hike to happen, and it’s near year-end and month-end ... ( read original story ...)

It all begins with opening your local bank account. Opening a bank account is one of the first few things you ought to do after arriving in Hong Kong, especially if you’re planning on staying for a while. To receive your salary, you’ll need to have a ... ( read original story ...)