Bank of East Asia said on Wednesday that earnings from ongoing operations rose 26 per cent as the family-run lender continues to reduce costs and streamline operations, particularly in mainland China. ... ( read original story ...)
Tax incentives on the way to help promote insurance sector, Financial Secretary says
The Hong Kong government will introduce a number of tax incentives to promote marine insurance, reinsurance and specialty insurance as the city battles to become a regional risk management centre, acc... ( read original story ...)
Chinese biotech valuations likely hit as trailblazer’s Hong Kong shares sink
HONG KONG/SAN FRANCISCO (Reuters ... was valued at $2 billion after its initial public offering (IPO) priced at the middle of an indicative range. Its stock debuted on Aug. 1 at HK$14, but by the end ... ( read original story ...)
Hong Kong’s hot property sector show signs of cooling
Rising interest rates, a slowing economy and a depreciating renminbi is starting to cool Hong Kong’s residential property market, the world’s least affordable housing sector. Property developers have ... ( read original story ...)
Terrible tech talent shortages grip Hong Kong banking sector
Talent shortages in Hong Kong banking technology have reached extreme levels across many job functions, new figures reveal. To find out, we analysed our database across 17 key banking-tech sectors ... ( read original story ...)
BOC Hong Kong 1st Half Net Profit From Continuing Operations Up 17.7%
HONG KONG--BOC Hong Kong (Holdings) Ltd. (2388.HK) Tuesday reported a 17.7% increase in first-half net profit from continuing operations, driven by higher interest rates in the city. The Hong Kong-lis... ( read original story ...)
Citi Hong Kong announces senior appointments in consumer banking
Citi announced two senior appointments to its consumer banking team in Hong Kong, effective immediately. Alson Ho has been appointed head of insurance with overall responsibility for the growth and ma... ( read original story ...)
STX’s Bummer Summer: Weak Box Office and Hong Kong Market Woes Fuel IPO Questions
STX Entertainment’s plans for an IPO on the Hong Kong Stock Exchange are facing new questions given a volatile Hong Kong market and a recent string of box office misfires. Melissa McCarthy’s “Happytim... ( read original story ...)
For STX, Box Office Dip And China-U.S. Trade War Cloud Hong Kong IPO Picture
EXCLUSIVE: Ever since it planted a flag in the shifting ground of the movie business, STX Entertainment has fashioned itself a different kind of studio, an operation bent on proving Hollywood’s long-h... ( read original story ...)
Convoy protagonists gather in Hong Kong High Court for day one of hotly anticipated financial battle royal
The first salvoes in a corporate legal battle royal between the two largest shareholders of Hong Kong’s biggest independent financial advisory firm were fired on Monday, as the second largest sharehol... ( read original story ...)
Hong Kong Intervenes to Defend Peg for Fourth Day This Month
adding to an earlier purchase of HK$3.93 billion, according to the de facto central bank’s page on Bloomberg. That took its purchases to HK$25.3 billion in August, the first month it has intervened si... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) stocks rally after Chinese central bank moves to stabilise the yuan
The Hong Kong and mainland China stock markets rallied on Monday, after the Chinese central bank signalled it would guide the market more proactively in the face of a stronger US dollar and the ongoin... ( read original story ...)
Pricey Hong Kong homes push some beyond the law
Hong Kong’s stratospheric property prices are pushing some residents beyond the law. A small, but significant, number of younger people are living in industrial buildings, trading comfort and convenie... ( read original story ...)
Chinese bitcoin mining rig makers aim to raise billions in HK IPOs
It is not just the price of bitcoin that is causing worries. People close to the IPOs said regulatory scrutiny and a patchy performance by Hong Kong offerings this year were additional concerns. Julia... ( read original story ...)