Hong Kong Airlines announced the appointment of Luo Jiaqi, Jacky as Chief Financial Officer (CFO). Luo is responsible for the company’s overall financial management, capital planning and allocation. Luo has an experience of almost 20 years in the ... ( read original story ...)
Hong Kong's central bank raises base rate by 25 basis points
HONG KONG, March 16 The Hong Kong Monetary Authority on Thursday raised the base rate charged through its overnight discount window by 25 basis points to 1.25 percent. The move from Hong Kong's de facto central bank followed the U.S. Federal Reserve's ... ( read original story ...)
Hong Kong airport places fifth again in annual world rankings as Singapore scores four years at the top
Hong Kong International Airport has retained its position in fifth place in the annual Skytrax rankings of the best terminals, while Singapore tops the list for the fourth year in a row. Hong Kong won top honours in the Skytrax World Airport Awards for ... ( read original story ...)
Hong Kong Losing Sheen Renders Cathay Business Model Obsolete
(Bloomberg) -- Being known as Hong Kong’s flagship carrier may best represent what’s wrong with Cathay Pacific Airways Ltd. The city of about 7.3 million people may no longer be capable of supporting a premium-service airline, especially when the 48 ... ( read original story ...)
Arrow Electronics Boosts Collaboration between Hong Kong Startups and Mainland …
HONG KONG, CHINA--(Marketwired - Mar 15, 2017) - Arrow Electronics, Inc., (NYSE: ARW) today held an Internet of Things (IoT) Innovations event in Shenzhen, China to connect Hong Kong innovation startups with technology companies in China. As part of Arrow ... ( read original story ...)
Most-hated stocks are HK’s biggest winners
HONG KONG: When it comes to this year’s surge in Hong Kong stocks, it paid to root for the underdog. Equities with the lowest ratings from analysts have driven the market’s Asia-leading gains in 2017, streaking ahead of shares showered with buy ... ( read original story ...)
Hong Kong Regulator Fines Bocom Unit for IPO Sponsorship Lapses
Hong Kong’s securities regulator fined Bank of Communications Co.’s investment-banking unit HK$15 million ($1.9 million) for failings related to its work of a Chinese company’s initial public offering in late 2014. As sole sponsor of the listing ... ( read original story ...)
Hong Kong regulator fines Bocom unit for IPO sponsor failures
HONG KONG Hong Kong's securities regulator has fined and reprimanded a subsidiary of Bank of Communications (Bocom)(601328.SS) for failing to "discharge its duties" as a sole sponsor of a listing application of a mainland Chinese company in the city, it ... ( read original story ...)
Hong Kong International Airport ranks fifth in world again in annual rankings as Singapore makes it four years at the top
Hong Kong International Airport, the world’s most profitable, has been recognised with a number of honours at the annual Skytrax World Airport Awards. The airport won top honours for dining and secured top 10 finishes for its hotels (third and fifth ... ( read original story ...)
Big Hong Kong jeweller sets sights on Tokyo – to capture sales from Chinese tourists
Hong Kong’s largest jeweller, Chow Tai Fook, is seeking custom from mainland shoppers in Japan in a bid to capture growing demand there by Chinese travellers amid slow business in Hong Kong and Beijing’s travel ban on group tours to South Korea. ( read original story ...)
TABLE-Hong Kong's drawndown mortgage loans in Jan fall 14.9 pct on month
Feb 28 New mortgage loans drawn down in Hong Kong totalled HK$25.2 billion ($3.25 billion) in January, down 14.9 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Tuesday. Following is the breakdown of data from the authority ... ( read original story ...)
The ‘killing’ of the mortgage loan market has worsened inequality for eligible households with low and middle incomes
The difference is that Singapore has met its target in full while Hong Kong delivers only 47 per cent (and these are not the same type of units). The government could easily restore the market for mortgage loans for eligible households with low and middle ... ( read original story ...)
Residential mortgage survey results for January 2017
The Hong Kong Monetary Authority announced the results of the residential mortgage survey for January 2017. The number of mortgage applications in January 2017 decreased month-on-month by 5.6% to 9,914. Mortgage loans approved in January 2017 decreased by ... ( read original story ...)
Hong Kong Regulator Said to Probe CCB International's IPO Work
(Bloomberg) -- Hong Kong’s securities regulator is investigating CCB International Holdings Ltd., the No. 2 underwriter of initial public offerings in the city last year, for its role advising a Chinese seafood supplier on now-scrapped listing plans ... ( read original story ...)