Tag: finance

But Geicke said he was “totally surprised” that Hong Kong was downgraded as the city is sitting on a huge financial reserve. The Chinese Ministry of Finance said in a statement posted on its website Friday that S&P’s downgrade on China was a “wrong ... ( read original story ...)

ZhongAn Online Property & Casualty Insurance Co 6060.HK> priced its IPO at the top of an indicated range, raising $1.5 billion(1.10 billion pounds) in Hong Kong's biggest ever financial technology stock offering, IFR reported on Friday. China's first ... ( read original story ...)

The financial hub’s long-term issuer credit rating was lowered to AA+ from AAA, S&P said Anthony Wallace/AFP S&P Global Ratings cut Hong Kong’s credit rating a day after it downgraded China for the first time since 1999, a move that reflects the ... ( read original story ...)

S&P said Friday that it was reducing its long-term rating on Hong Kong by one notch, to AA+ from AAA, reflecting potential spillover risks to the Asian financial center. It said Hong Kong has a good economic outlook, sizable fiscal reserves and credible ... ( read original story ...)

Its impact on financial markets would very limited," said Ken Cheung, senior Asian FX strategist at Mizuho Bank in Hong Kong. "For those invested in yuan-denominated bonds, they care more about yuan expectations. The downgrade decision is likely to have ... ( read original story ...)

Standard & Poor's on Friday slashed Hong Kong's top-notch credit rating ... said a "prolonged period of strong credit growth has increased China's economic financial risks", and downgraded the world's number-two economy from AA-minus to A-plus -- its ... ( read original story ...)

All set with your Hong Kong company and HSBC bank account? Congratulations! It can be quite a feat, especially in today’s rather strict KYC – “Know your Customer” world. So, after you have the bank account, you may want to make some changes. ( read original story ...)

HSBC dragged the most on the Hang Seng Index, down 0.7 per cent to HK$76.15. Chinese financial shares staged a broad retreat. China Construction Bank lost 0.6 per cent to HK$6.63, Ping An Insurance dropped 0.8 per cent to HK$62.1 and China Life Insurance ... ( read original story ...)

Hong Kong is expected to complete new listings for 106 companies raising about HK$85 billion (US$10.90 billion) by September 30 2017, compared with 71 initial public offerings (IPOs) raising HK$134.3 billion in the same period last year, according to the ... ( read original story ...)

SHANGHAI, Sept 21 (Reuters) - China and Hong Kong shares rose on Thursday, bucking regional weakness, as revived expectations of another U.S. rate increase later this year boosted financial stocks, offseting profit takig in high-flying commodity plays. ( read original story ...)

* Says launched in Bern a financial dialogue with State Secretariat for international financial matters under the Swiss Federal Department of Finance to promote cooperation on financial market issues of common interest * Says dialogue aims to enhance ... ( read original story ...)

MANILA: The Bureau of Customs (BOC) has discovered misdeclared goods inside a container van from Hong Kong. Its accompanying documents states it contains apparels such as undergarments. But following X-ray inspection, the Customs personnel discovered sacks ... ( read original story ...)

08/18 BANK OF CHINA: Tian Guoli resigns as Chairman of Bank of China, BOCHK 08/17 BANK OF CHINA: BOCHK wins three transaction banking awards from The Asian Banke.. 08/17 BOC HONG KONG: List of Directors and their Roles and Functions 08/17 BOC HONG KONG ... ( read original story ...)

08/18 BANK OF CHINA: Tian Guoli resigns as Chairman of Bank of China, BOCHK 08/17 BANK OF CHINA: BOCHK wins three transaction banking awards from The Asian Banke.. 08/17 BOC HONG KONG: List of Directors and their Roles and Functions 08/17 BOC HONG KONG ... ( read original story ...)