Tag: finance

HONG KONG, July 19 (Reuters) - Shares in Zhongyuan Bank Co Ltd, the largest city commercial bank in central China's Henan province, rose 2 percent in their trading debut on Wednesday despite weak demand from retail investors for the lender's $1 billion ... ( read original story ...)

Zhongyuan Bank, the biggest city lender in central China, made a sluggish debut on the Hong Kong stock exchange, after investors gave the city’s third-biggest initial public offering of 2017 the cold shoulder. The bank’s shares traded for the first ... ( read original story ...)

HONG KONG, July 18 (Reuters) - Hong Kong stocks rose for a seventh straight session on Tuesday as gains in the technology and energy sectors offset losses in financial stocks. The Hang Seng index finished 0.2 percent, or 54.36 points higher at 26,524.94. ( read original story ...)

These are important days for Hong Kong’s financial and insurance community. There are far-reaching debates within our city and major global trends under way that will determine the financial future of Hong Kong. It’s been 20 years since Britain’s ... ( read original story ...)

Hong Kong Monetary Authority Chief Executive Norman Chan Tak-lam, 62, is Hong Kong’s central banker. Paid HK$6.5 million per year (substantially less than his predecessor, Joseph Yam), Chan is still ranked as one of the highest paid central bankers in ... ( read original story ...)

SINGAPORE: Described as “embattled”, “in decline” or “less shiny” by observers, Hong Kong is facing significant challenges in its bid to retain its position as Asia’s leading global financial centre. Hong Kong’s decline was made most ... ( read original story ...)

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 ...)

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 ...)

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 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 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 ...)

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 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 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 ...)