The top gainer on Hang Seng was Hong Kong and China Gas Co Ltd up 1.79 percent ... The top gainers among H-shares were Agricultural Bank of China Ltd up 4.92 percent, followed by Guangdong Investment Ltd gaining 1.97 percent and Bank of China Ltd up ... ( read original story ...)
Hong Kong Startup Puts All Your Banks in a Single App
Gini, a local fintech startup, today announced the launch of its namesake app, the city’s first all-in-one personal financial management application. The gini app introduces a new alternative for Hongkongers to get insights into their spending habits ... ( read original story ...)
Hong Kong stocks slip ahead of key US, China economic data that should offer clues to health of the global economy
The Hang Seng Index retreated 0.3 per cent ... The Shanghai Composite Index was little changed. Agricultural Bank of China jumped in both Hong Kong and mainland trading, after proposing what could be the nation’s biggest ever private placement of ... ( read original story ...)
Official Draw for Hong Kong Sevens 2018
The Hong Kong Rugby Union (HKRU) held the official draw for the Cathay Pacific/HSBC Hong Kong Sevens 2018 and the World Rugby Women’s Sevens Series Qualifier 2018 at Hysan Place in Causeway Bay, Hong Kong on Monday. Three separate draws were held ... ( read original story ...)
Property firm Greenland Hong Kong set sights on China’s booming health care and elderly care markets
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 ...)