Dec 28 (Reuters) - Hong Kong’s benchmark stock index rose for a fourth session in a row on Thursday, amid bullish sentiment in the region that pushed Asian stocks to their highest level in a month. ** At close of trade, the Hang Seng index was up 266.05 ... ( read original story ...)
Hang Seng closes nearly 1pc higher
Stocks in Hong Kong rallied today. The benchmark Hang Seng Index rose 0.90 percent, or 266.05 points, at 29,863.71. In mainland China, the Shanghai Composite Index climbed 0.63 percent, or 20.60 points, at 3,296.38 while the Shenzhen Composite Index added ... ( read original story ...)
Hang Seng opens 0.3pc higher
Stocks in Hong Kong advanced at the open today. The blue-chip Hang Seng Index rose 0.29 percent, or 87.13 points, at 29,684.79. In mainland, the Shanghai Composite Index eased 0.11 percent to open at 3,272.29 points.... Stocks in Hong Kong advanced at the ... ( read original story ...)
It’s a match – senior managers at Hong Kong banks ‘speed date’ to find volunteering opportunities
After undergoing a day of training provided by PwC under the Hong Kong Community Connections programme, Martine Vanasse, Credit Suisse’s head of Asia-Pacific banking compliance, became the board secretary of Solerico. It is a Hong Kong-based NGO founded ... ( read original story ...)
Shanghai and Shenzhen stock exchanges continue to chip away at Hong Kong’s IPO attractiveness
Hong Kong stock exchange will face mounting competition from Shanghai and Shenzhen bourses, as speedier listing approval process and strong demand from investors expected next year will help them to extend their top rankings. In its annual IPO review and ... ( read original story ...)
Huishang Bank : Announcements and Notices – Resumption of the Review Process of the A Share Offering
This announcement is made by Huishang Bank Corporation Limited (the "Bank") pursuant to Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong) and Rule 13.09 of the Rules Governing the Listing of Securities on The Stock ... ( read original story ...)
Funds raised on Hong Kong stock market fall to lowest in a decade
Morgan Stanley leads the rankings of Hong Kong-listed equity market underwriting this year, capturing 16.3 per cent market share with US$5.7 billion in related proceeds. Goldman Sachs and Bank of America Merrill Lynch round out the top three with 11.4 per ... ( read original story ...)
Hong Kong Prepares Real-Time Retail Payment System
Hong Kong is preparing to launch a real-time retail payment service in September, the head of the city’s de facto central bank said. The service, officially called Faster Payment System (FPS) and currently in use in the U.K., enables real-time or near ... ( read original story ...)
It’s all in the pencil – Bank of Stationery founder says the right tool can make or break children’s writing interest
This has prompted him to set up a stationery bank to collect and distribute writing tools for underprivileged children in Hong Kong. “A pencil can have a certain effect on a child’s life,” the 52-year-old founder of Bank of Stationery said. ( read original story ...)
Mainland bourses behind Asia’s lead in global IPO boom
Lacking blockbuster deals like the Postal Savings Bank of China last year, Hong Kong slipped from being the world's top listing destination for the last two years to second in Asia, and fourth globally in 2017. Although the city continued to see its IPO ... ( read original story ...)
‘Sleepless nights’ for Hong Kong finance chief over economic prospects for young generation
Hong Kong’s young people are unhappy despite economic growth, mainly due to sky-high property prices and rents, Financial Secretary Paul Chan Mo-po said on Sunday. In an article posted on his blog on Christmas Eve, Chan said ever-increasing rents and ... ( read original story ...)
Hong Kong stocks rev higher ahead of extended Christmas break
Hong Kong stocks rose in early trading on Friday, the last trading session before the Christmas holidays, with financials and Hong Kong real estate shares leading gains. The Hang Seng Index was ... 0.5 per cent to HK$79.95. Bank of China was also up ... ( read original story ...)
Hong Kong central bank chief eyes cooperation with mainland to support cross-border finance
Hong Kong’s de facto central bank will work with mainland regulators to implement measures to meet rising demand for cross-border financial services and stocks and bond trading, according to its chief executive. The joint effort to facilitate cross ... ( read original story ...)
Hong Kong seals first aircraft leasing deal under new tax regime
The first aircraft rental transaction to take advantage of new tax benefits designed to help Hong Kong’s aviation leasing companies compete with those in rivals leasing centres was completed this week. ICBC Financial Leasing’s decision to use Hong Kong ... ( read original story ...)