A Hong Kong finance company director on trial for killing his mistress was seen smiling on security footage as he made arrangements to clear out her flat, according to prosecutors who argued on Friday there was overwhelming evidence pointing to murder. ( read original story ...)
Hong Kong’s Hang Seng index posts biggest weekly loss of the year
Dec 1 (Reuters) - Hong Kong stocks fell on Friday, with the benchmark Hang Seng Index posting its biggest weekly loss ... Co of China Ltd which was down 1.75 percent, China Merchants Bank Co Ltd which fell 1.5 percent and Anhui Conch Cement Co Ltd down ... ( read original story ...)
Tearful finance boss tells Hong Kong murder trial he did not intend to harm or kill mistress
A Hong Kong finance company director who admitted killing his mistress six years ago tearfully told a court on Thursday he never meant to harm or kill anyone. But Ivan Chan Man-sum, who is on trial for murder, admitted to telling a number of lies when he ... ( read original story ...)
Bank of China HK rallies, Hang Seng drops at close
Stocks in Hong Kong closed lower today. The Hang Seng index dropped by 57.02 points or 0.19 percent at 29,623.83. Shares in op BOC Hong Kong Holdings (2388) rallied by 4.44 percent to HK$38.90. In China, the Shanghai Composite index edged up by 0.13 ... ( read original story ...)
Hong Kong shares fall sharply as tech shares plunge
Nov 30 (Reuters) - Hong Kong shares ended Thursday lower ... was 1.49 percent lower and property sector dipped 0.12 percent. ** The top gainer on Hang Seng was Bank of East Asia Ltd , up 1.79 percent, while the biggest loser was AAC Technologies Holdings ... ( read original story ...)
Hong Kong stocks close below 30,000 as Shanghai shares fall most in a year
The Hang Seng Index ended down 1 per cent ... China Construction Bank down 1.6 per cent to HK$6.9, and China Merchants Bank off 4.1 per cent to HK$31.95. Still, some Hong Kong property developers gained. Sun Hung Kai Properties added 1.3 per cent to ... ( read original story ...)
China’s new-economy sector to push Hang Seng Index to 32,000 next year, says Goldman
The rise of China’s “new-economy” stocks will help push Hong Kong’s benchmark Hang Seng Index to a historic high of 32,000 ... said Kinger Lau, the investment bank’s chief China strategist, who sees the MSCI China index climbing to 100 in the ... ( read original story ...)
Hong Kong shares fall, shrug off robust China industrial profits
Nov 27 (Reuters) - Hong Kong shares closed lower on Monday ... last month despite a slight cooling from a sizzling September. ** At close of trade, the Hang Seng index was down 180.13 points or 0.6 percent at 29,686.19. The Hang Seng China Enterprises ... ( read original story ...)
Hong Kong shares fall on investor caution after N.Korea missile test
The top gainer on Hang Seng was BOC Hong Kong Holdings Ltd up 4.44 percent ... followed by China Vanke Co Ltd gaining 4.75 percent and China Merchants Bank Co Ltd up by 1.13 percent. ** The three biggest H-shares percentage decliners were BYD Co Ltd ... ( read original story ...)
Hong Kong Property Doom Doesn’t Begin at a 1% Rate: Gadfly
The prime rate stands at 5 percent at HSBC Holdings Plc, Hong Kong’s biggest bank. A typical Hong Kong home loan may be priced at Hibor plus 1.4 percent, for example, with a ceiling at prime minus 2.85 percent. Three months ago, the one-month rate stood ... ( read original story ...)
Hong Kong Property Doom Doesn’t Begin at 1%
The prime rate stands at 5 percent at HSBC Holdings Plc, Hong Kong's biggest bank. A typical Hong Kong home loan may be priced at Hibor plus 1.4 percent, for example, with a ceiling at prime minus 2.85 percent. Three months ago, the one-month rate stood ... ( read original story ...)
HSBC hosts Saudi Arabia Investment Forum in HK
HONG KONG - HSBC hosted more than 100 institutional investors from across Asia, senior officials from Saudi Arabia and executives from some of the Kingdom’s biggest companies in an invitation-only event focused on the government’s ambitious Vision 2030 ... ( read original story ...)
Bank of East Asia sells consumer finance assets to Chinese lender QL Finance for HK$1 billion
Bank of East Asia, Hong Kong’s largest independent bank, has sold a package of consumer finance assets to Chinese money lender QL Finance for HK$1.08 billion (US$139 million), as part of an ongoing drive to cut costs and streamline operations. ( read original story ...)
Hong Kong listing for Aramco could attract huge Chinese demand: HKEX CEO
“We should basically in a few weeks, hopefully be able to announce a structure where we will have a chapter inside the main board that allows companies to list in Hong Kong, with weighted voting rights structures.” The Asian financial hub’s exchange ... ( read original story ...)