Tag: finance

An increase in southbound traffic from mainland investors taking advantage of Stock Connect trading schemes, which link Hong Kong with bourses in Shanghai and Shenzhen, is helping to drive the current rally. The Hang Seng China Enterprises Index ... ( read original story ...)

Chinese shares .SSEC added 0.2 percent, while Hong Kong's Hang Seng .HSI advanced 0.6 percent ... On Friday, Wall Street was flat to negative, dragged lower by bank shares that fell along with Treasury yields. Financial leaders from the world's biggest ... ( read original story ...)

Hong Kong will allow retail investors to buy and sell its home Hang Seng indices via sophisticated exchange traded products as the city seeks to develop a market to rival those of Seoul and Toyko. The use of leveraged and inverse exchange traded funds has ... ( read original story ...)

HONG KONG (NewsRise) -- Hong Kong shares headed for a third straight day of gains as expectations of earnings growth from Tencent Holdings and a special dividend from China Shenhua Energy helped fuel strong inflows from mainland investors. The Hang Seng ... ( read original story ...)

Artist Siu Wai ... with Hong Kong's gargantuan skyscrapers themselves. A dystopic, Eschersque aluminum sculpture by Vaan Ip evoking Hong Kong's dizzying verticality becomes far more effective when viewed with architect I.M. Pei's Bank of China Building ... ( read original story ...)

KEEPING SCORE: The Shanghai Composite Index shed 0.1 per cent to 3,232.84 while Hong Kong's Hang Seng rose 0.6 per cent to 24,452.51 ... fell on the New York Stock Exchange. The U.S. central bank said that it still plans a total of three increases this ... ( read original story ...)

Financial Secretary Paul Chan Mo-po on Sunday urged homebuyers to be cautious, warning that the impact of further US interest rate rises could curb Hong Kong’s soaring property prices. The warning, in Chan’s weekly blog, came a day after it emerged ... ( read original story ...)

Finance Minister Ravi Karunanayake last week told an Investor Forum in Hongkong that Sri Lanka will reach middle income status in the "near future" and called on investors to exploit opportunities in diverse areas. At an event organized by the influential ... ( read original story ...)

The taxman is investigating the boss of HSBC. Stuart Gulliver says Hong Kong is his main home – allowing him offshore tax relief in return for up to a £90,000 fee. However the £8million-a-year banker has been living in London ever since his return from ... ( read original story ...)

Western Australia's largest gas retailer Alinta Energy has been sold to a Hong Kong-based company after abruptly abandoning plans to float on the share market. Chow Tai Fook Enterprises Limited (CTFE) — owned by the Cheng family — paid an undisclosed ... ( read original story ...)

HONG KONG HSBC Holdings Plc (0005.HK) (HSBA.L) said on Thursday it would maintain its best lending rate at 5 percent in Hong Kong, even after the central bank raised its benchmark interest rate by a quarter point for the second time in three months. ( read original story ...)

HONG KONG, March 16 HSBC Holdings Plc said on Thursday it would maintain its best lending rate at 5 percent in Hong Kong, even after the central bank raised its benchmark interest rate by a quarter point for the second time in three months. The Hong Kong ... ( read original story ...)

HONG KONG: Hong Kong's central bank raised its benchmark interest rate by a quarter point for the second time in three months on Thursday, following a similar move by the U.S. Federal Reserve and said capital outflows will not pose challenges for the economy. ( read original story ...)

The Hang Seng index ended up 2.1 percent at 24,288.28 points ... as widely expected. The move was matched by Hong Kong's central bank, as the city's currency is pegged to the U.S. dollar, but some commercial banks kept their best lending rates unchanged. ( read original story ...)