The Hang Seng Index ended down 1 per cent ... China Construction Bank down 1.6 per cent to HK$6.9, and China Merchants Bank off 4.1 per cent to HK$31.95. Still, some Hong Kong property developers gained. Sun Hung Kai Properties added 1.3 per cent to ... ( read original story ...)
China’s new-economy sector to push Hang Seng Index to 32,000 next year, says Goldman
The rise of China’s “new-economy” stocks will help push Hong Kong’s benchmark Hang Seng Index to a historic high of 32,000 ... said Kinger Lau, the investment bank’s chief China strategist, who sees the MSCI China index climbing to 100 in the ... ( read original story ...)
Hong Kong shares fall, shrug off robust China industrial profits
Nov 27 (Reuters) - Hong Kong shares closed lower on Monday ... last month despite a slight cooling from a sizzling September. ** At close of trade, the Hang Seng index was down 180.13 points or 0.6 percent at 29,686.19. The Hang Seng China Enterprises ... ( read original story ...)
Hong Kong shares fall on investor caution after N.Korea missile test
The top gainer on Hang Seng was BOC Hong Kong Holdings Ltd up 4.44 percent ... followed by China Vanke Co Ltd gaining 4.75 percent and China Merchants Bank Co Ltd up by 1.13 percent. ** The three biggest H-shares percentage decliners were BYD Co Ltd ... ( read original story ...)
Hong Kong Property Doom Doesn’t Begin at a 1% Rate: Gadfly
The prime rate stands at 5 percent at HSBC Holdings Plc, Hong Kong’s biggest bank. A typical Hong Kong home loan may be priced at Hibor plus 1.4 percent, for example, with a ceiling at prime minus 2.85 percent. Three months ago, the one-month rate stood ... ( read original story ...)
Hong Kong Property Doom Doesn’t Begin at 1%
The prime rate stands at 5 percent at HSBC Holdings Plc, Hong Kong's biggest bank. A typical Hong Kong home loan may be priced at Hibor plus 1.4 percent, for example, with a ceiling at prime minus 2.85 percent. Three months ago, the one-month rate stood ... ( read original story ...)
Hong Kong tourist numbers see biggest increase in seven months thanks to Golden Week holiday
“China’s economy has been stable, and there was no negative news from Hong Kong about mainland tourists over the past year,” Yiu said. “Transportation to Hong Kong has also become more convenient, with [neighbouring city] Shenzhen adding more high ... ( read original story ...)
Hong Kong, China regulators agree on plans to introduce investor identification scheme by late 2018
Hong Kong will start sharing stock investor identities under the cross-border Stock Connect share trading schemes with mainland Chinese regulators by the third quarter of 2018, the Securities and Futures Commission (SFC) said on Thursday. The SFC has ... ( read original story ...)
HSBC hosts Saudi Arabia Investment Forum in HK
HONG KONG - HSBC hosted more than 100 institutional investors from across Asia, senior officials from Saudi Arabia and executives from some of the Kingdom’s biggest companies in an invitation-only event focused on the government’s ambitious Vision 2030 ... ( read original story ...)
Hong Kong market falls sharply as tech and insurance stocks plunge
Hong Kong stocks fell sharply on Thursday, dragged down by technology firms such as Tencent, and insurers. The Hang Seng Index dropped for a fourth day, closing down 1.51 per cent, or 446.48 points, to 29,177.35, and the Hang Seng China Enterprises Index ... ( read original story ...)
Bank of East Asia sells consumer finance assets to Chinese lender QL Finance for HK$1 billion
Bank of East Asia, Hong Kong’s largest independent bank, has sold a package of consumer finance assets to Chinese money lender QL Finance for HK$1.08 billion (US$139 million), as part of an ongoing drive to cut costs and streamline operations. ( read original story ...)
Hong Kong government should take two years before starting controversial national security legislation, says former minister
The former minister in charge of mainland affairs in Hong Kong has said the city’s government should kick start the process of national security legislation by July 2019, at the earliest. Raymond Tam Chi-yuen formally joined the race for one of 36 local ... ( read original story ...)
Hong Kong Unveils Investor ID Plan for China Trading Link
The plan is good news for the market and removes uncertainty, said Neil McLean, head of execution trading for Asia ex-Japan at Nomura Holdings Inc.’s wholly owned Instinet Pacific. The Hong Kong Investment Funds Association said in an email that the new ... ( read original story ...)
Malaysian tour group arrested at Hong Kong airport with HK$4 million ketamine
Six members of a sightseeing group from Malaysia have been arrested by customs officers at Hong Kong International Airport for attempting to carry nearly HK$4 million worth of ketamine into the city – the first such arrests in a decade. The Post ... ( read original story ...)