Just last month, Anheuser-Busch InBev cancelled a planned up to $9.8 billion Hong Kong IPO of its Asia Pacific unit. The city loosened its rules last year specifically to lure overseas-listed Chinese ... ( read original story ...)
Alibaba postpones up to US$15 billion Hong Kong listing amid protests: Sources
HONG KONG: China's biggest e-commerce company Alibaba Group has delayed its up to US$15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge ... ( read original story ...)
HK-based Bank of East Asia’s first-half profit tumbles 75%
HONG KONG, Aug 21 (Reuters) - Hong Kong-based Bank of East Asia Ltd (BEA) posted a 75% slump in first-half net profit after increased impairment losses in mainland China because of a downturn in ... ( read original story ...)
OCBC In Talks With Singtel About Singapore Virtual Bank License
But some are partnering, including in Hong Kong where Standard Chartered Plc tied up with PCCW Ltd. earlier this year to create a virtual bank. OCBC’s discussions are preliminary ahead of more details ... ( read original story ...)
UPDATE 1-Bank of East Asia’s H1 profit tumbles 75%, warns of protest impact on HK
HONG KONG, Aug 21 (Reuters) - Hong Kong-based Bank of East Asia Ltd (BEA) posted a 75% slump in first-half net profit after it wrote down loans in mainland China because of a downturn in commercial ... ( read original story ...)
China shares flat as market awaits central bank cues
HONG KONG — Stocks in Shanghai were little changed ... to deliver another 25 basis point cut next month, and U.S. central bank releases minutes of its last policy-setting meeting later on ... ( read original story ...)
Bank of East Asia net plunges by 74.9pc to HK$1b on China impairments
Bank East Asia said today profit for the first half fell by 74.9 percent to HK$1 billion, representing a drop of HK$2.99 billion compared with the HK$3.99 billion earned in the same period in 2018.Pre ... ( read original story ...)
More banks predicting declines in Hong Kong home prices, as persistent public unrest sours mood and crimps transactions
Home prices may drop by 10 per cent through to March 2020 as Hong Kong’s economy shrinks this year, said Morgan Stanley, the first bank to predict a contraction in the city’s economy Prices may drop ... ( read original story ...)
Hang Seng Bank : and Bupa Launch VHIS Flexi Plan with Deductible Options
Hang Seng Bank and Bupa Hong Kong, the leading health insurance specialist, today announced the launch of the Global Prestige Voluntary Health Insurance Scheme (VHIS) Plan. The plan is the latest ... ( read original story ...)
Hong Kong stocks snap four-day rally on profit-taking
SHANGHAI, Aug 20 (Reuters) - Hong Kong stocks ended lower on Tuesday as investors locked in profit after a four-day winning streak following Beijing’s interest rate reform, which boosted riskier ... ( read original story ...)
Hang Seng soars despite massive rally
Hong Kong is gearing up for more protests this week ... as well as worries over the city's stock and property markets. The Hang Seng index still rose 2.2% overnight following a healthy lead ... ( read original story ...)
Rebound in China, Hong Kong Stocks Accelerates on Policy Support
The Shanghai Composite Index and the ChiNext gauge both jumped the most since July 1, and the Hang Seng Index rose the most in two months. They were all headed for a fourth day of gains. Cheap ... ( read original story ...)
‘French Spider-man’ scales Hong Kong skyscraper to hang peace banner
He then unfurled a banner that showed the flags of Hong Kong and China side by side, over a drawing of a handshake. Eight years ago the ‘French Spider-Man’ climbed the Hang Seng Bank in Hong ... ( read original story ...)
More banks are predicting Hong Kong’s home prices to decline, as persistent public unrest sours moods and crimp transactions
Hong Kong’s property prices are poised to decline by 10 per cent through March 2020, as the economy shrinks this year, according to a forecast by Morgan Stanley, the first bank to predict a ... ( read original story ...)