Tag: finance

In Hong Kong, stocks rallied overnight after data showed China's industrial ... This morning's data is likely to shed light on whether the Bank of Canada (BoC) will raise interest rates on May 30 or at its subsequent meeting on July 11. ( read original story ...)

Alipay handled 54 percent of that, followed by Tencent’s 38 percent. Hong Kong, in contrast, already has a fully developed Western-style banking system, as well as a popular alternative, the reloadable Octopus card. The brightly colored cards are widely ... ( read original story ...)

TD Bank says the Canadian housing market will recover at the ... After moving into journalism, he was principal business reporter for Radio Television Hong Kong before the handover to China. He has produced and reported for the CBC in Saskatchewan and ... ( read original story ...)

BOC Hong Kong dropped 0.62 percent, Sands China climbed 0.53 percent, AIA Group advanced 0.42 percent, Ping An Insurance shed 0.38 percent, New World Development added 0.33 percent, Hong Kong & China Gas gained 0.24 percent, Tencent Holdings was up 0.21 ... ( read original story ...)

Stocks in Hong Kong retreated Friday as most regional equity markets declined following US President Donald Trump's decision to cancel his summit with North Korean leader Kim Jong Un. The benchmark Hang Seng Index slid 0.56 percent, or 172.37 points ... ( read original story ...)

Xiaomi, the world’s fourth-largest smartphone maker, is putting the finishing touches on a plan to make its US$10 billion initial public offer available to investors by early-to-mid July, presenting the biggest global stock offer of 2018 as a birthday ... ( read original story ...)

The top gainers among H-shares were CSPC Pharmaceutical Group Ltd, up 6.81 percent, followed by ZhongAn Online P & C Insurance Co Ltd gaining 1.78 percent and China Citic Bank ... Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng ... ( read original story ...)

The stock of BOC HONG KONG HOLDINGS LTD. ORDINARY SHA (OTCMKTS:BNKHF) registered a decrease of 47.72% in short interest. BNKHF’s total short interest was 2.40M shares in May as published by FINRA. Its down 47.72% from 4.58 million shares, reported ... ( read original story ...)

UBS, which is appealing against a decision barring it from sponsoring stock market listings in Hong Kong, is restructuring its investment banking department by combining its China and Hong Kong arms, according to an internal memo seen by the South China ... ( read original story ...)

Launched in 2000, the MPF covers 2.8 million workers and self-employed people in Hong Kong, but has come under regular criticism for charging high fees on top of poor investment returns. Struggling financial markets have not helped recently, with investors ... ( read original story ...)

HONG KONG -- Financial authorities here have intervened to buy 70.4 billion Hong Kong dollars ($8.96 billion) since April to prop up the currency, in effect tightening monetary policy in an economy particularly sensitive to U.S. interest rate moves. ( read original story ...)

In a bid to boost their technology ranks, recruiters at banks in Hong Kong now want to hire more tech professionals whose skills aren’t yet a complete match to the job desciption. Technology is now at the forefront of banks’ local headcount plans, but ... ( read original story ...)

In Hong Kong, the Hang Seng index dropped 1.0 percent to 30,909.01, while the Hong Kong China Enterprises Index lost 1.3 percent to 12,194.86 points. ** Investors were also cautious after U.S. President Donald Trump tempered optimism over progress made so ... ( read original story ...)

A financial professional has become Hong Kong’s biggest victim of internet romance scams, losing HK$14 million (US$1.8 million) to a con artist she had an online relationship with for eight years, police sources revealed, amid a surge in such cases this ... ( read original story ...)