Hong Kong’s monetary authority is working with the government to issue green bonds in the city in the next financial year, setting a benchmark for companies to issue debt to fund environment-related projects. The move is part of the plan outlined last ... ( read original story ...)
BOC Hong Kong : Bank of China (Hong Kong) launches Centenary Commemorative Banknote Charity Sets
Bank of China (Hong Kong) Limited ("BOCHK") today announces that the Bank of China (Hong Kong) Centenary Commemorative Banknote Charity Sets (the "Commemorative Banknote Charity Sets") will be open for public bidding from 20 October to 8 November 2017. ( read original story ...)
Bank of East Asia : Fraudulent Website Notification
Fraudulent Website Notification Hong Kong, 19th October, 2017 - The Bank of East Asia, Limited ("BEA" or the "Bank") would like to alert all customers and the general public that the Bank has no affiliation whatsoever with the website https://eastasia-bank ... ( read original story ...)
HK plunge a Black Monday reminder
Geely Automobile Holdings (0175), which has more than tripled this year, plunged 7.5 percent, while Hong Kong developers declined after three-month bank borrowing costs climbed the most this year. Telecoms equipment maker ZTE Corporation (0763) sank 11 ... ( read original story ...)
Fintech bank to domicile in SAR
Fintech bank ITF Corporation is to set up its headquarters in Hong Kong and expects to start operations next year. US veteran investor Jim Rogers is among the investors in the world's first Fintech bank. Rogers said at the launch event that he invested in ... ( read original story ...)
Hong Kong businesses and students struggling to access mainland market, poll finds
More than half of Hongkongers working in major mainland cities are frustrated with insufficient support from Hong Kong government offices stationed there, a cross-border survey has found. The report, claimed by pollsters to be the biggest of its kind ... ( read original story ...)
Hong Kong enforces new rules to better manage city’s funds, stockbrokers and financial firms
A new rule aimed at ensuring brokers, fund houses and financial advisers in Hong Kong are being run by qualified, experienced managers came into force on Tuesday. The “manager in charge” regulation requires such companies to hire staff approved and ... ( read original story ...)
Hong Kong stocks slide 2 per cent on 30th anniversary of Black Monday
Hong Kong stocks declined sharply on Thursday, with 47 of the 50 components falling in the benchmark Hang Seng Index. Mainland markets also fell. Analysts said investors’ anxiety on the 30th anniversary of Black Monday may have depressed the market, ... ( read original story ...)
Xi’s melding of Beijing’s authority and Hong Kong’s high degree of autonomy works well, top official says
President Xi Jinping’s vision for Hong Kong of a blending of the concepts of central authority and a high degree of autonomy should work well and does not need to lead to confrontation or tension, said a Beijing top official. Commenting on Xi’s ... ( read original story ...)
Hong Kong stock brokers’ plea to government: Cut stamp duty to boost turnover
Hong Kong Securities Association will continue to press the government to cut stamp duty in a bid to boost market turnover, according to the newly elected head of the association. Hong Kong stocks on Monday reached their highest level in nearly a decade ... ( read original story ...)
Hong Kong’s new Chinese opera centre will be run by an American, and local performers aren’t happy
Cantonese opera performers in Hong Kong said they were “extremely disappointed” after the job of running the city’s new showcase for the traditional art form went to an American. A stalwart of the local opera industry said Beijing-based consultant ... ( read original story ...)
Hong Kong’s Indian community celebrates annual Diwali festival with bright colours and lights
Homes, temples and businesses of Hong Kong’s Hindu, Sikh and Jain communities were draped in bright colours and lights on Thursday in celebration of Diwali, the festival of lights. Tens of thousands of Hong Kong’s Indian diaspora spent the day ... ( read original story ...)
Hong Kong Stocks Tumble Most This Year as Geely, Developers Sink
Hang Seng Index sinks as much as 2.2% in late trading Traders cite concerns from Hibor jump to Chinese deleveraging Hong Kong shares turned sharply lower in afternoon trading, led by some of the year’s best performers, as traders cited concerns ranging ... ( read original story ...)
Growth in Hong Kong home prices slows after ‘spicy’ market restrictions launched
Hong Kong property prices rose at a slower pace in July and August as government cooling measures launched a year ago showed signs of taking effect, according to the latest official data. But the runaway prices, which are among the highest in the world ... ( read original story ...)