Property developer Greenland Hong Kong has moved into the fast-growing Chinese markets for health care and care for the elderly, with plans to open clinics and rehabilitation communities as it accelerates its diversification out of real estate. Chen Jun ... ( read original story ...)
Hong Kong, China bank sectors vulnerable to crisis, says Bank of International Settlements
Hong Kong and China’s banking sectors are among those most vulnerable to a crisis because of rising debts, according to a report from the Bank of International Settlements. BIS, known as the central bank for central banks, found that two key indicators ... ( read original story ...)
Hong Kong democracy movement loses ground in key byelection
Hong Kong pro-democracy candidates won back only two of four seats in a crucial byelection in the semiautonomous Chinese region, final results showed Monday. The opposition wasn't able to recapture all its territory, losing some to formidably resourced pro ... ( read original story ...)
Should dual-class shareholding firms be allowed into the Hang Seng Index?
Then there are the Stock Connect share trading links between the Hong Kong exchange and its peers in Shanghai and Shenzhen to consider, which only allow the trading of stocks listed on the major Hang Seng Indexes (again, the Hang Seng Index or Hang Seng ... ( read original story ...)
Hong Kong stocks mark 5-wk closing high as trade war, rate hike fears ease
March 12 (Reuters) - Hong Kong’s benchmark stock index rose nearly 2 percent ... of foreign capital inflows and China’s economic restructuring.” ** The Hang Seng index rose 1.9 percent to 31,594.33, while the China Enterprises Index gained 2.1 ... ( read original story ...)
Sinochem plans $2 billion Hong Kong IPO of oil assets: IFR
Last October, Reuters reported that Sinochem had hired BOC International, CLSA and Morgan Stanley to work on a possible Hong Kong listing of its key oil assets. The three banks are likely to be awarded senior roles on the IPO, according to IFR, which added ... ( read original story ...)
UBS sees ‘business as normal’ as it contests Hong Kong suspension
HONG KONG (Reuters) - UBS (UBSG.S) has told staff that it is “business as normal”, after the Swiss bank revealed on Friday it is fighting an 18-month suspension in Hong Kong from leading initial public offerings (IPOs). In an internal memo sent by ... ( read original story ...)
Breakingviews – UBS stands to lose more than IPO fees in Hong Kong
HONG KONG (Reuters Breakingviews) - Old IPOs are bringing new problems for UBS. Hong Kong’s securities regulator intends to suspend the Swiss bank from sponsoring local market debuts for 18 months. Fees for such advisory work may be marginal, but ... ( read original story ...)
Hong Kong stocks climb to two-week high as US job report adds to growth optimism
The Hang Seng Index has rebounded 6.4 per cent from this year’s low in February, as concerns eased about faster-than-expected increases in borrowing costs. Citic Securities estimated as much as 14 per cent growth earnings increase for Hong Kong-traded ... ( read original story ...)
Hong Kong shares extend gains on easing trade fears
Heavyweight mainland financial stocks China Construction Bank (CCB) and Ping An Insurance Group rose 3.1% and 2.3%, respectively. The Hang Seng China Enterprises Index of large mainland companies listed in Hong Kong had advanced 1.8% by midday. Air China ... ( read original story ...)
Hong Kong’s pro-democracy campaign endures election setback
Pro-Beijing parties hold a near unassailable majority in Hong Kong's legislature, LegCo, thanks to the functional constituency system, which allocates seats to certain business, trade and civil society groups, the majority of which take their lead from China. ( read original story ...)
Hong Kong’s Cathay Pacific banks on cargo to bring the cash as 2017 losses forecast at US$357 million
A strong cargo business will be one of the few bright spots for Cathay Pacific Airways when it unveils losses estimated at HK$2.8 billion (US$357 million) on Wednesday on the back of its weak passenger operations. Hong Kong’s biggest airline has carried ... ( read original story ...)
Hong Kong’s stock index futures rise as US job report adds to growth optimism
Hong Kong’s index futures advanced on Monday on optimism about ... March futures contracts on the Hang Seng Index rose 1 per cent, or 315 points, to 31,311 before the spot market opens at 9:30am. The Hang Seng Index added 1.1 per cent to 30,996.21 ... ( read original story ...)
Hong Kong is about to trigger a global financial crisis … Really?
Hong Kong’s foreign exchange market, usually the least interesting financial market in the world, has been making headlines recently. You’ll be glad to know you can breathe easy. The worst that is likely to happen over the coming months in Hong Kong ... ( read original story ...)