HONG KONG (AP) — The World Bank raised its growth forecast for the developing economies of East Asia and the Pacific on Wednesday but warned that risks included rising protectionism and escalating tensions over North Korea. In an update to its annual ... ( read original story ...)
Banks boost Hong Kong stocks as oil price fall dents Sydney equities
Hong Kong was the best performer among Asia Pacific bourses on Wednesday ... from a Sunday cut to their reserve requirement ratio. Industrial and Commercial Bank of China rose 1.8 per cent. Tokyo’s Topix index was flat, but Japan Display was far and ... ( read original story ...)
Fraudulent website related to Hang Seng Bank, Limited
The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Hang Seng Bank, Limited on a fraudulent website, which has been reported to the HKMA. Hyperlink to the press release is available on the HKMA website ... ( read original story ...)
Hong Kong stocks surge as banks, insurers lead
HONG KONG, Oct 4 (Reuters) - Hong Kong stocks rose on Wednesday, extending gains made in the previous trading session, with Chinese banks and insurers leading the surge after China’s central bank cut reserve ratios over the weekend. The blue chip Hang ... ( read original story ...)
Hong Kong stocks post best one-day gain since March on central bank’s scheme to spur lending
Hong Kong stocks posted their biggest one-day gain in seven months after a move by China’s central bank designed to spur lending. The city’s benchmark index surged above the key 28,000-point level on Tuesday, the first trading session of the fourth ... ( read original story ...)
HSBC declares dividend
HSBC (0005) yesterday declared a third interim dividend of US$0.10 (78 HK cents) per ordinary share. A scrip dividend will also be offered. Hang Seng Bank (0011) also declared a third interim dividend - HK$1.20 per share.According to the latest global ... ( read original story ...)
Capital Trust Group Limited and W Ventures (Hong Kong) Limited select AlphaPoint as the Blockchain Technology Provider
THAILAND – October 03, 2017 – Capital Trust Group and W Ventures (Hong Kong) have selected the AlphaPoint platform to create the blockchain financial technology infrastructure for Trust City. The AlphaPoint Distributed Ledger Platform will enable the ... ( read original story ...)
Hong Kong bank mistakenly dumps customer cheque deposit box
The Bank of East Asia has urged anyone who put cheques into a collection box at its Cheung Sha Wan branch on a day last month to contact them after it realised that the box was “accidentally” dumped by renovation workers. In an announcement on its ... ( read original story ...)
Sotheby’s Autumn 2017 Hong Kong Sales Achieve $404 Million – 42% Increase Year-Over-Year –
Hong Kong and Paris, and Sotheby's BidNow program allows visitors to view all auctions live online and place bids from anywhere in the world. Sotheby's offers collectors the resources of Sotheby's Financial Services, the world's only full-service art ... ( read original story ...)
Song dynasty bowl shatters world record for Chinese ceramics, fetches $37.7 million in Hong Kong sale
HONG KONG (Reuters) - A nearly 900-year-old porcelain Song dynasty bowl smashed the world auction record for Chinese ceramics on Tuesday, selling for HK$294.3 million (£28.38 million) at a Sotheby's sale in Hong Kong. The small, blue-green item broke the ... ( read original story ...)
Hang Seng, Nikkei lead market gains in Asia
Asian equity markets were broadly higher on Tuesday, with stocks in Hong Kong and Japan leading gains to track overnight strength on Wall Street, thanks to upbeat U.S. data. The Hang Seng Index HSI ... 0.2% and the Commonwealth Bank of Australia CBA ... ( read original story ...)
HK stocks surge as China reserve cut boosts banks; casinos up
HONG KONG: Hong Kong stocks jumped on Tuesday, led by mainland banks after China's central bank cut reserve ratios and as materials shares found support from economic data out of Beijing that showed stronger-than-expected factory activity. The blue chip ... ( read original story ...)
Japan, Hong Kong shares track Wall Street advance
TOKYO (AP) -- Shares in Japan and Hong Kong gained Tuesday, tracking an overnight rally on Wall Street, where indexes set fresh record highs. Australia's S&P/ASX 200 fell, and the South Korean and Shanghai markets were closed for national holidays. ( read original story ...)
Hong Kong stocks rise as China reserve cut boosts banks
Casino stocks up on strong growth in Macau’s gaming revenue * Chinese banks up as central bank cut cash reserve rate Oct 3 (Reuters) - Hong Kong stocks rose on Tuesday, led by Chinese banks and insurers after China’s central bank cut reserve ratios and ... ( read original story ...)