Tag: finance

The Hong Kong Monetary Authority, the city’s de facto central bank, said this morning that it would raise the base rate by 25 basis points to 1.25 per cent, the second rate increase in three months, following the US Federal Reserve’s overnight move. ( read original story ...)

HONG KONG, March 16 Hong Kong financial and property shares climbed on Thursday after the central bank raised the base rate charged through its overnight discount window by 25 basis points to 1.25 percent, tracking a hike by the U.S. Federal Reserve. ( read original story ...)

HONG KONG (Reuters) - The Hong Kong Monetary Authority on Thursday raised the base rate charged through its overnight discount window by 25 basis points to 1.25 percent. The move from Hong Kong's de facto central bank followed the U.S. Federal Reserve's ... ( read original story ...)

Hong Kong's troubled flagship airline Cathay Pacific on Wednesday posted its first annual loss since the height of the financial crisis as it was hit by "intense competition" and a drop in demand from business travellers. The firm is struggling despite an ... ( read original story ...)

The company said "intense and increasing competition with other airlines was the most important factor" affecting its financial results. It also was buffeted by economic factors including China's slowdown, fewer tourists visiting Hong Kong and a stronger ... ( read original story ...)

Hong Kong Airlines announced the appointment of Luo Jiaqi, Jacky as Chief Financial Officer (CFO). Luo is responsible for the company’s overall financial management, capital planning and allocation. Luo has an experience of almost 20 years in the ... ( read original story ...)

HONG KONG, March 16 The Hong Kong Monetary Authority on Thursday raised the base rate charged through its overnight discount window by 25 basis points to 1.25 percent. The move from Hong Kong's de facto central bank followed the U.S. Federal Reserve's ... ( read original story ...)

Hong Kong’s securities regulator fined Bank of Communications Co.’s investment-banking unit HK$15 million ($1.9 million) for failings related to its work of a Chinese company’s initial public offering in late 2014. As sole sponsor of the listing ... ( read original story ...)

HONG KONG Hong Kong's securities regulator has fined and reprimanded a subsidiary of Bank of Communications (Bocom)(601328.SS) for failing to "discharge its duties" as a sole sponsor of a listing application of a mainland Chinese company in the city, it ... ( read original story ...)

(Bloomberg) -- Hong Kong’s securities regulator is investigating CCB International Holdings Ltd., the No. 2 underwriter of initial public offerings in the city last year, for its role advising a Chinese seafood supplier on now-scrapped listing plans ... ( read original story ...)

HONG KONG, Feb 27 Hong Kong's stock exchange will bank on its role as a gateway to mainland China's deep-pocketed investors to take on other leading venues and win the coveted $100 billion listing of Saudi Arabia's giant state oil company, Aramco, it said ... ( read original story ...)

Launching the Saudi Aramco initial public offering (IPO) on Hong Kong stock exchange would be a "match made in heaven," Charles Li, CEO of HKEx, told CNBC. The expected listing of the Saudi oil and gas company is predicted to be the world's largest initial ... ( read original story ...)

And as for Hong Kong, Nagata said that exchange may boast China-based institutional investors, but it has fewer individual investors than Tokyo. Speaking with CNBC this week, HKEX CEO Charles Li made his own pitch for Aramco, saying an IPO in Hong Kong ... ( read original story ...)

Meitu (1357.Hong Kong), China’s own Instagram, has risen by over 35% after raising about $600 million in an IPO in Hong Kong last December. Meitu is rising for a fourth consecutive day and is trading at 11.62 Hong Kong dollars, a good 37% above its IPO ... ( read original story ...)