BOC Credit Card, a unit of Bank of China Hong Kong, said customers who pay with Samsung Pay using its Visas or Mastercards will be eligible for discounts at retailers Mannings and 7-Eleven. Citi is offering customers free Samsung Galaxy S8s and a cash ... ( read original story ...)
Moody’s downgrades Hong Kong credit rating after China cut
Moody's decision to cut its credit rating for Hong Kong soon after downgrading its China rating on worries about rising debt levels drew an objection Thursday from the business hub's financial chief. Financial Secretary Paul Chan said he strongly disagreed ... ( read original story ...)
Plane skids off Hong Kong runway as the city is battered by heavy storm
A plane veered off the runway at Hong Kong International Airport today after heavy rainstorm lashed the city. The plane, reported to have carried 141 passengers and crew on board, skidded onto the grassy area as it was taxiing to the gate. Two passengers ... ( read original story ...)
Hong Kong grinds to a halt amid rainstorm that leaves social media awash with surreal flood scenes
Hong Kong ground to a halt on Wednesday as the black rainstorm signal was issued for the first time this year, bringing downpour and flooding that left cars submerged and shop staff scrambling for sandbags to keep out rising water. A surreal scene captured ... ( read original story ...)
Moody’s downgrades Hong Kong after China ratings cut
HONG KONG Moody's Investors Service downgraded Hong Kong's local and foreign currency issuer ratings just hours after it cut China's credit ratings for the first time in nearly 30 years. The U.S. ratings agency downgraded Hong Kong's rating to Aa2 from Aa1 ... ( read original story ...)
Transaction app Alipay launches first non-yuan version in Hong Kong
Payments through AlipayHK, which handles mobile payments in Hong Kong dollars, will be accepted at more than 2,000 stores in the city from Thursday, said Ant Financial Services Group, an Alibaba Group affiliate that runs the platform. "Introducing local ... ( read original story ...)
Hong Kong police arrest 21 Uber drivers in new crackdown
HONG KONG -- Hong Kong police launched a fresh crackdown Tuesday on Uber, arresting 21 drivers suspected of working for the ride-hailing giant in the Asian financial centre. It's the latest regulatory headache for Uber, which already is fighting a similar ... ( read original story ...)
Britain’s top diplomat in Hong Kong pays tribute to victims of Manchester terror attack
Britain’s top diplomat in Hong Kong condemned the terrorist attack on Manchester that left 22 people dead as a “barbaric act” as he signed a book of condolences on Wednesday paying tribute to the victims. Consul-general Andrew Heyn said the people of ... ( read original story ...)
Hong Kong stocks hit 22-month high despite Moody’s China downgrade
Mainland Chinese stocks fell on the news, but investors in Hong Kong were more sanguine. "The current market euphoria is a concern for contrarians," wrote Hong Hao, head of research at BOCOM International. "Hong Kong's risk premium is plunging to its ... ( read original story ...)
WuXi Biologics to launch $513 mln Hong Kong IPO on Thursday -IFR
HONG KONG May 24 WuXi Biologics (Cayman) Inc, a Chinese contract drug research and development company, plans to launch on Thursday an initial public offering of up to $513 million in Hong Kong, IFR reported, citing people close to the deal. The company is ... ( read original story ...)
As BoC readies today’s decision, there’s ‘more to fear now than fear itself’
“The BoC can take some comfort in the cautious tone delivered ... with the loonie worth just about 74 cents (U.S.). Tokyo’s Nikkei gained 0.7 per cent, while Hong Kong’s Hang Seng and the Shanghai composite each rose by about 0.1 per cent. ( read original story ...)
Fitch Affirms China’s 5 State Banks at ‘A’; Outlook Stable
Hong Kong Primary Analyst (BOC, CCB) Katie Chen Director +886 2 8175 7614 Secondary Analyst (BOC, CCB) Grace Wu Senior Director +852 2263 9919 Secondary Analyst (ICBC, BOCOM) Jack Yuan Associate Director +86 21 5097 3038 Secondary Analyst (ABC) Jaclyn Wang ... ( read original story ...)
HSBC makes ‘big bet’ on Canada in bid for more market share
HSBC Holdings Plc is getting aggressive in Canada -- and one ... and we’ve got a real focus now on China, a great corridor with Hong Kong. We’re really well positioned.” The Canadian operations are a “Top Five” producer of profit before taxes ... ( read original story ...)
Hong Kong cops arrest 21 Uber drivers in latest crackdown
Hong Kong police launched a fresh crackdown Tuesday on Uber, arresting 21 drivers suspected of working for the ride-hailing giant in the Asian financial centre. It's the latest regulatory headache for Uber, which already is fighting a similar case in Hong ... ( read original story ...)