SHANGHAI: Chinese residents buying insurance in Hong Kong will no longer be able to swipe their credit cards multiple times to get around previously imposed curbs intended to slow sales, according to people with knowledge of the matter. Purchases of ... ( read original story ...)
Hong Kong’s Leader, Loyal to a Fault
Hong Kong — In the quiet of a recent Friday afternoon ... One of Mr. Leung’s daughters has long been afflicted with mental-health issues. Within minutes, the news had inundated local media, and the political opposition — which won nearly 55 percent ... ( read original story ...)
Morgan Stanley caps off HK$3.2m in donations raised with Christmas song contest
In celebrating this milestone, the bank organised its annual Morgan Stanley Directors’ Choir – an internal choir competition and company tradition that is into its 14th year. Hang Seng Bank volunteers bring Christmas stories to life The choral event ... ( read original story ...)
Hong Kong stocks close 0.04 pct higher
The benchmark Hang Seng Index traded between 22,456.62 and 22,627.60. Turnover totaled 61.60 billion HK dollars (about USD 7.94 billion). (c) 2016 Philippines News Agency Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North ... ( read original story ...)
Hong Kong Property Shares Turn Toxic as Mortgage Costs Spike (1)
The International Monetary Fund warned this month that a faster pace of interest-rate increases in the U.S. could threaten Hong Kong’s economy due to stretched property valuations and high household debt with floating-rate mortgages. The Hang Seng ... ( read original story ...)
May day may see trouble in rates
The US Federal Reserve did not surprise at all in raising rates by a quarter point.With the Hong Kong dollar remaining strong, local rates stayed put, so the Hang Seng Index fell below 22,000.But the drop does not mean rates are not linked to stocks in the ... ( read original story ...)
Sensex, Nifty trading higher as IT stocks rise on strong dollar post Fed rate hike
Hong Kong's Hang Seng fell 1.7 percent to 22,074.16 and Australia's S&P ASX 200 dropped 1.1 percent to 5,5,26. 30. South Korea's Kospi lost 0.4 percent to 2,030.80 and the Shanghai Composite index fell 0.3 percent to 3,131.67. US markets Stocks had their ... ( read original story ...)
Weak tech, bank stocks pull indexes back from record highs
Bank of America fell 50 cents ... In foreign stock markets, Japan’s Nikkei 225 gained 0.7 percent, South Korea’s Kospi rose 0.3 percent and Hong Kong’s Hang Seng fell 0.2 percent. In Europe, Germany’s DAX rose 0.3 percent, France’s CAC 40 ... ( read original story ...)
Dow ends flat, 157 points short of 20,000
The Fed’s move now shifts the focus from central bank policy to economic growth as the driver ... South Korea’s Kospi added 0.3% and Hong Kong’s Hang Seng gave up the day’s gains in the final hour to close 0.2% lower. the Shanghai Composite Index ... ( read original story ...)
Asian shares muted, dollar climbs as rate outlook sinks in
South Korea’s Kospi added 0.3 percent to 2,042.71 and Hong Kong’s Hang Seng edged up 0.2 percent to 22,108.20 ... The Fed’s move now shifts focus from central bank policy to economic growth as the driver of stock market performance. ( read original story ...)
No big surprise if Hong Kong’s top mainland official away from public view to assess chief executive hopefuls
When Beijing’s top man in Hong Kong “disappeared” from public view for days without ... A recent commentary by the official Xinhua News Agency urged the US “to coordinate with other major economies on macro policies”. For Tsang and his supporters ... ( read original story ...)
January Asian Financial Forum to Analyse Economic Outlook
The 10th Asian Financial Forum (AFF), jointly organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC), will be held on 16 and 17 January at the Hong Kong Convention and Exhibition ... ( read original story ...)
Chinese Buying Insurance in Hong Kong Said to Face Further Curbs
Chinese residents buying insurance in Hong Kong will no longer be able to swipe their credit cards multiple times to get around previously imposed curbs intended to slow sales, according to people with knowledge of the matter. Purchases of insurance in ... ( read original story ...)
Hong Kong credentials get temporary face-lift from beauty-app Meitu’s $629m IPO
Hong Kong has modestly burnished its financial-center credentials with beauty-app Meitu's $629 million listing, the biggest tech deal in a decade. Other Chinese entrepreneurs are watching intently. But Hong Kong's lackluster aftermarket may still send ... ( read original story ...)