BEIJING - China's central bank issued 25 billion yuan ($3.74 billion) worth of central bank bills in the Hong Kong Special Administrative Region on Monday. Of the total, 10 billion yuan worth of ... ( read original story ...)
Travellers leaving Hong Kong could continue paying airport construction fees until at least 2033 to help fund third runway, authority says
Travellers leaving Hong Kong are likely to continue paying a tax to help fund ... and the resulting lack of income from construction fees has severely affected the authority’s financial position, ... ( read original story ...)
HSBC reportedly suspends top banker over comments that downplayed climate change, earned rebuke from the bank’s CEO
Stuart Kirk, the global head of responsible investing at HSBC Asset Management, has been suspended pending an internal inquiry, according to a media report Kirk reportedly said climate change was not ... ( read original story ...)
China’s central bank issues 25 bln yuan of bills in Hong Kong
China's central bank issued 25 billion yuan (about 3.74 billion U.S. dollars) worth of central bank bills in the Hong Kong Special Administrative Region on Monday. Of the total, 10 billion yuan worth ... ( read original story ...)
HK Medical Association Sells Out HSBC Shrs, Ditches Over 30-yr Positions
An anonymous shareholder of HSBC HOLDINGS (00005.HK) proposed a spin-off of the Asian business, according to reports in early May. In reply to Hong Kong Economic Journal, Hong Kong Medical Association ... ( read original story ...)
Billionaire Richard Li’s FWD Wins Nod for Hong Kong IPO
FWD Group Holdings Ltd., the Asian insurer backed by Hong Kong billionaire Richard Li, has won approval for its planned initial public offering in the city, according to a person with knowledge of the ... ( read original story ...)
HKEX To Lure More IPOs with New US, Europe Offices: Report
Chief Executive Officer Nicolas Aguzin said two international offices will be established next year, each in the U.S. and in Europe to reach out to more overseas investors and market Hong Kong as an ... ( read original story ...)
Profit Taking May Dent Hong Kong Shares On Monday
The Hong Kong stock market bounced higher again on Friday, one day after snapping the four-day winning streak in which it had surged more than 1,260 points or 6.5 percent. The Hang Seng now rests just ... ( read original story ...)
HSBC Buys back Over 1.74M Shrs in HK, London Last Fri for Over $85.01M
HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 1.7443 million shares in London and Hong Kong last Friday (20th), involving a total of approximately HKD85.0162 million. HSBC ... ( read original story ...)
HSBC CEO rebukes comments on climate change by top banker, says they are ‘inconsistent’ with lender’s strategy
HSBC CEO Noel Quinn said comments by a top banker in its asset management business were ‘inconsistent’ with its strategy. ( read original story ...)
Paytm payments bank expects central bank curbs to be lifted in three to five months
The bank is working with the RBI to complete the IT audit and address ... read more Paytm is backed by China's Alibaba Group Holding (9988.HK) and its affiliate Ant Group (688688.SS). One 97 ... ( read original story ...)
Urban Renewal Authority to supply 22,000 flats in Hong Kong over next 5 years, costing HK$120 billion, but warns of potential cash crunch
URA managing director says authority needs to launch redevelopment projects quickly, otherwise it could suffer negative cash flow of more than HK$15 billion. ( read original story ...)
How Singapore is still atop China’s futures market even as Hong Kong is edging in
Six months after Hong Kong introduced equity index futures to make it easier for international investors to bet on Chinese stocks, Singapore still rules the market, although its Asian rival is making ... ( read original story ...)
Hong Kong’s Planto ties up with New Zealand fintech firm Cogo to create awareness about sustainability, launch carbon footprint
Planto, a Hong Kong-based online banking solutions provider, has partnered with Cogo, a New Zealand-headquartered carbon footprint tracking fintech firm, to develop a software for the city’s banks ... ( read original story ...)