gained 0.17 percent and BOC Hong Kong was unchanged. The lead from Wall Street is positive as stocks moved higher on Thursday as the major averages again hit fresh record closing highs. The Dow rose 113.75 points or 0.50 percent to 22,775.39, while the ... ( read original story ...)
Hong Kong’s CLP Seeks Acquisitions to Diversify, Expand in India
Hong Kong’s largest power utility CLP Holdings Ltd. is scouting ... The company is also planning to enter the electricity transmission business. Last month, it bid for a 200 kilometer (124 mile) power-transmission project connecting the northern and ... ( read original story ...)
Hong Kong stocks rise to near 10-yr high; financials up, but Macau casinos stumble
HONG KONG, Oct 6 (Reuters) - Hong Kong stocks extended gains to edge closer to 10-year highs on Friday, underpinned by Chinese automakers and financials though early strength was pared off by the afternoon. Taking its cue from Wall Street, the blue chip ... ( read original story ...)
Hang Seng, Nikkei reach multi-year highs as Asian stocks rise
Meanwhile, Japan’s Topix bank subindex was up 1.3%. The U.S. rate outlook is important for Asian financial companies as their margins have been under pressure in the current low-rate environment. Meanwhile, Hong Kong’s Hang Seng Index HSI, +0.39% ... ( read original story ...)
City’s financial press fails to deliver the expected value
When the market is good, every media boss in Hong Kong is thinking of expanding financial coverage. It's really the cheapest and least demanding thing to do for a television station or a newspaper. And so, every morning, most of the television channels ... ( read original story ...)
Pro-Beijing lawmakers move to end filibustering in Legco’s Finance Committee
The days of using long-winded debates to block Hong Kong government funding requests could soon be over as the Legislative Council’s pro-establishment camp is close to finalising a plan to restrict filibustering in its finance committee. The delaying ... ( read original story ...)
Hong Kong’s Hang Seng index hits post-financial crisis high
Hong Kong’s Hang Seng index hit its highest point since the global financial crisis on Friday, bolstered by a continued rally in Chinese corporates. From November 2007 to late 2008 the market lost about two-thirds of its value. Since bottoming out in ... ( read original story ...)
Hong Kong football fans boo China national anthem
A group of Hong Kong football fans have booed their national anthem - which the territory shares with mainland China - during a friendly match with Laos. Fans jeered and raised their middle fingers as the anthem played ahead of the game, which Hong Kong ... ( read original story ...)
Small businesses and start-ups in Hong Kong need more than tax breaks to thrive, owners say
Arnault Castel, who owns a small business in Hong Kong, already has plans for the money he will save from a tax cut that the city’s leader is expected to announce next week. Castel owns seven lifestyle stores in the city under the Kapok brand ... ( read original story ...)
Bitcoin boss shares start-up tales and hopes for Hong Kong
Eventually I thought bitcoin is going to change the world and I have to go do it so I got on a plane to Hong Kong.” Two years later, Harrap established his start-up, Bitspark. The remittance payment company accepts fiat currency such as Hong Kong dollars ... ( read original story ...)
Vir Das to perform in Hong Kong for a cause
Production house AGP World is set to bring the stand-up act "Battle Of Da Sexes" on October 15 here. Actor and stand-up comedian Kavi Shastri will start the battle with a 15-minute opening act by talking about evolution from a single cell organism to ... ( read original story ...)
ZhongAn Insurance Starts Trading on the Hong Kong Stock Exchange
The leading Chinese online insurance company, ZhongAn Online Property & Casualty Insurance Co, started trading on the Hong Kong stock exchange earlier today. Its shares jumped to as high as HK$70.50 in early morning trading, compared with the HK$59.70 IPO ... ( read original story ...)
A snapshot of old Hong Kong
Photos never published before offer a unique glimpse of life in Hong Kong in the 1950s. They show a city that was in much less of a hurry than it is today. ( read original story ...)
Hong Kong Stock Market Draws Firm Lead
Among the actives, Industrial and Commercial Bank of China surged 7.93 percent, while Ping An Insurance soared 3.92 percent, China Life spiked 2.15 percent, BOC Hong Kong climbed 1.98 percent, New World Development jumped 1.96 percent, China Mengniu Dairy ... ( read original story ...)