Tag: finance

HONG KONG — As pink fins surfaced off the boat’s port side ... Some critics say that the project should not have been approved because of the potential impact on dolphins and that HSBC, the project’s financial adviser, bears some responsibility ... ( read original story ...)

Former financial secretary Antony Leung Kam-chung says that young people in Hong Kong are living lives which are “too comfortable,” and they do not care about innovation. Leung, now the group chairman and CEO of Nan Fung Group, was speaking at a youth ... ( read original story ...)

Lo To Lee-kwan, the 97-year old matriarch of Hong Kong property giant Great Eagle Holdings, has accused HSBC of “threatening” to take her to court, before she herself decided to sue the bank as a trustee of her family business, according to a statement ... ( read original story ...)

HONG KONG Guangzhou Rural Commercial Bank Co Ltd (GRCB) priced its Hong Kong IPO slightly below the middle of expectations, a source said on Wednesday, underscoring tepid demand for the $1 billion deal amid concerns over rising non-performing loans in China. ( read original story ...)

HONG KONG, June 14 Guangzhou Rural Commercial Bank Co Ltd (GRCB) priced its Hong Kong IPO slightly below the middle of its indicative range in a deal that has raised about $1 billion, a person with direct knowledge of the transaction said on Wednesday. ( read original story ...)

HONG KONG Typhoon Merbok spared Hong Kong any major damage as it pounded the financial hub with heavy rain and strong winds before moving further inland on Tuesday towards southern China. Financial markets, schools, businesses all resumed normal operations ... ( read original story ...)

Under the linked exchange rate system, the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, is obliged to buy and sell US dollars to prevent the currency from breaching either side of a trading band between 7.75 and 7.85. ( read original story ...)

Hong Kong banks are accelerating their lending exposure to China ... “Steady growth in lending to Chinese corporates and other non-bank borrowers - particularly private and non-mainland entities - is likely to continue, in part to support their expansion ... ( read original story ...)

Elsewhere in Asia, South Korea’s Kospi added +0.7%, while Hong Kong’s Hang Seng increased +0.4% and the Shanghai Composite Index advanced +0.4%. In Europe, the main indices have rebounded this morning after yesterday’s selloff being led by the FTSE ... ( read original story ...)

(The author is a Reuters Breakingviews columnist. The opinions expressed are her own.) By Robyn Mak HONG KONG, June 13 (Reuters Breakingviews) - Shares of WuXi Biologics, the city's biggest listing this year, popped as much as 39 pct on their debut. ( read original story ...)

Lo Kai-shui, the youngest sibling of one of Hong Kong’s wealthiest real estate clans, reaffirmed his position in support of his mother to remove HSBC as the trust manager of the largest percentage share of the family business. “She [Lo To Lee-kwan ... ( read original story ...)

REIT (00823) to HK$56 from HK$52, and maintained its "hold" rating. The research house said Link REIT's FY2017 distribution per unit (DPU) of HK$2.284 (up 10.8% y-y) was 5% above HSBC's estimate. Solid DPU growth reflected its better NPI margin expansion ... ( read original story ...)

They planned to speak about how the result of the case could affect Hong Kong’s competitiveness and ability to hire global talent. The institutions include: ABN AMRO Bank, AIG Insurance Hong Kong, Australia and New Zealand Banking Group, the Bank of New ... ( read original story ...)

Hang Seng Bank vice-chairman and chief executive Rose Lee Wai-mun, 64, will retire from July after serving at the lender for five years, the bank announced on Thursday. She will be replaced by Louisa Cheang, who has served as group general manager and ... ( read original story ...)