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Posted on 29/05/2024

Hang Seng Indexes Co.: HSI Surges 10% YTD; Materials, Energy Sectors Outperform

Hong Kong's stock market increased YTD, and reached a nearly 10-month high in May before erasing some of the gains, according to the Hang Seng Indexes Company. The HSI, a broad-based gauge of the ...

Posted on 29/05/2024

Hong Kong’s investment bankers kicked to the curb as lenders tighten belts

Banks in Hong Kong have ramped up layoffs of investment bankers in the city as they contend with a double whammy of slowing initial public offerings (IPOs) and mergers & acquisitions (M&A), analysts ...

Posted on 29/05/2024

OCBC doubles down on Greater China growth, aims to invest HK$1.5 billion into its tech and facilities in the region

OCBC is banking on China’s improving economic condition and resultant positive spillovers into Asia as key growth drivers, as it plans further investments into its services across the Greater China ...

Posted on 29/05/2024

Hong Kong home prices rise 0.3% in April from March

In late February, Hong Kong removed all additional stamp duties for foreign and second home buyers, as well as on those selling flats within two years of buying them, after prices had plunged 20 per ...

Posted on 29/05/2024

Hong Kong property: second-hand prices edge up in April as bargains on new units seduce buyers, analysts say

The second-hand market is facing a lot of competition from the first-hand market, so prices have not had much room to grow,’ Colliers researcher says.

Posted on 29/05/2024

Hong Kong Stocks Open With Fresh Losses

Hong Kong shares fell at the beginning of business Wednesday on concerns about the likelihood the Federal Reserve will cut interest rates at all this year.

Posted on 29/05/2024

OCBC to invest HK$1.5 bil into tech and facilities across Greater China, hire 300 software engineers in China

In addition, Bank of Singapore’s Hong Kong branch aims to grow AUM by 50% by 2026, compared to end-2023 figures.

Posted on 29/05/2024

Verdict expected in Hong Kong’s new security law: AP explains

Verdicts in Hong Kong’s largest national security case will be delivered Thursday, more than three years after the defendants' arrest.

Posted on 29/05/2024

Chinese regulator quizzes Midea on Hong Kong listing, sources say

Home appliance maker Midea Group has been questioned by China's securities regulator on how a planned $2 billion-plus Hong Kong listing could impact the value of its Shenzhen-listed shares, said three ...

Posted on 29/05/2024

Hong Kong Shares May Be Stuck In Neutral On Wednesday

The Hong Kong stock market moved lower again on Tuesday, one day after halting the four-day slide in which it had plummeted more than ...

Posted on 29/05/2024

HSBC HOLDINGS Buys back 6.94M+ Shrs for $476M in Total Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 6.9416 million shares of the company for a total of HK$476 million yesterday (28th) in the UK and Hong Kong markets. Among which, HSBC ...

Posted on 29/05/2024

Hong Kong democrats brace for landmark verdict after lengthy legal battle

Hong Kong's High Court is set hand down a verdict this week against 16 democrats in a landmark subversion trial that critics say could have major repercussions for the city's opposition democratic ...

Posted on 29/05/2024

DBS expands Hong Kong private banking headcount by 25% on better flows

Number of clients acquired from mainland China totaled close to 1,200 this year. Read more at straitstimes.com.

Posted on 29/05/2024

Bearish block trade of MINSHENG BANK(01988) 1.3M shares at $3.04, $3.952M turnover

[Block Trade] A bearish block trade of 1.3M shares of MINSHENG BANK(01988) occurred at price of HK$3.04 and turnover of HK$3.952M at 04:08p.m . The last price is down 1.299%. Today... [Block Trade] A ...

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