Hong Kong Hang Seng gains 0.07%

The Hang Seng finished slightly higher on Wednesday as gains from the oil companies and properties were offset by weakness from the insurance companies and casinos. In Hong Kong, the sub-index of the Hang Seng index tracking energy shares dipped 0.3 ... ( read original story ...)

Debts lurking in China’s shadow banking system

SHANGHAI/BEIJING/HONG KONG: In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at the bank had a special deal to ... ( read original story ...)

New reign set at BOC unit

But the Chinese-language Apple Daily reported that Gao would become the new head of BOC Hong Kong.... BOC Hong Kong's (2388) 60-year-old chief executive Yue Yi will soon retire, and Bank of China's (3988) executive vice president Gao Yingxin is reportedly ... ( read original story ...)

Local prime rate seen rising in second half

HSBC Holdings (0005) and BOC Hong Kong (Holdings) (2388) said prime rate in Hong Kong is likely to increase in the second half of next year. George Leung Siu-Kay, an advisor at HSBC Asia Pacific, said whether Hong Kong increases prime rate will depend on ... ( read original story ...)

Punters fail to cash in as BOC notes flop

The centenary commemorative note of Bank of China (Hong Kong) has been a major flop for speculators after buyers offered less than the original price on the first day of its release.In a move marking its largest release of new notes, BOC sold five million ... ( read original story ...)

Profit-Taking Expected For Hong Kong Stock Market

Hong Kong & China Gas added 0.79 percent, Li & Fung gained 0.71 percent, New World Development picked up 0.53 percent, Ping An Insurance collected 0.49 percent, Industrial and Commercial Bank of China was up 0.48 percent and China Life and BOC Hong Kong ... ( read original story ...)