Its impact on financial markets would very limited," said Ken Cheung, senior Asian FX strategist at Mizuho Bank in Hong Kong. "For those invested in yuan-denominated bonds, they care more about yuan expectations. The downgrade decision is likely to have ... ( read original story ...)
S&P lowers Hong Kong credit rating following China cut
Standard & Poor's on Friday slashed Hong Kong's top-notch credit rating ... said a "prolonged period of strong credit growth has increased China's economic financial risks", and downgraded the world's number-two economy from AA-minus to A-plus -- its ... ( read original story ...)
Using HSBC HK overseas
All set with your Hong Kong company and HSBC bank account? Congratulations! It can be quite a feat, especially in today’s rather strict KYC – “Know your Customer” world. So, after you have the bank account, you may want to make some changes. ( read original story ...)
Hong Kong stocks drop after S&P cuts China, Hong Kong’s credit ratings
HSBC dragged the most on the Hang Seng Index, down 0.7 per cent to HK$76.15. Chinese financial shares staged a broad retreat. China Construction Bank lost 0.6 per cent to HK$6.63, Ping An Insurance dropped 0.8 per cent to HK$62.1 and China Life Insurance ... ( read original story ...)
How the Hong Kong IPO market is performing in 2017
Hong Kong is expected to complete new listings for 106 companies raising about HK$85 billion (US$10.90 billion) by September 30 2017, compared with 71 initial public offerings (IPOs) raising HK$134.3 billion in the same period last year, according to the ... ( read original story ...)
China, Hong Kong shares advance as Fed rate rise bets boost financials
SHANGHAI, Sept 21 (Reuters) - China and Hong Kong shares rose on Thursday, bucking regional weakness, as revived expectations of another U.S. rate increase later this year boosted financial stocks, offseting profit takig in high-flying commodity plays. ( read original story ...)
BRIEF-Hong Kong Monetary Authority launches financial dialogue with Swiss authorities
* Says launched in Bern a financial dialogue with State Secretariat for international financial matters under the Swiss Federal Department of Finance to promote cooperation on financial market issues of common interest * Says dialogue aims to enhance ... ( read original story ...)
BOC seized P2M worth of smuggled glutinous rice
MANILA: The Bureau of Customs (BOC) has discovered misdeclared goods inside a container van from Hong Kong. Its accompanying documents states it contains apparels such as undergarments. But following X-ray inspection, the Customs personnel discovered sacks ... ( read original story ...)
BOC HONG KONG (HOLDINGS) LTD : ex-dividend day for interim dividend
08/18 BANK OF CHINA: Tian Guoli resigns as Chairman of Bank of China, BOCHK 08/17 BANK OF CHINA: BOCHK wins three transaction banking awards from The Asian Banke.. 08/17 BOC HONG KONG: List of Directors and their Roles and Functions 08/17 BOC HONG KONG ... ( read original story ...)
BOC HONG KONG (HOLDINGS) LTD : ex-dividend day for special dividend
08/18 BANK OF CHINA: Tian Guoli resigns as Chairman of Bank of China, BOCHK 08/17 BANK OF CHINA: BOCHK wins three transaction banking awards from The Asian Banke.. 08/17 BOC HONG KONG: List of Directors and their Roles and Functions 08/17 BOC HONG KONG ... ( read original story ...)
Chinese insurer’s US$1.5 billion Hong Kong IPO could put city back on map for tech share offers
A planned US$1.5 billion share offer in Hong Kong by Chinese online insurance broker ZhongAn Online P&C Insurance, the largest ever by a fintech company in the city, could help Hong Kong improve its attractiveness as a destination for technology initial ... ( read original story ...)
Shares in Hong Kong and Singapore banks draw investor interest as prospects improve
Investor interest in Hong Kong and Singapore bank shares has revived thanks to better fundamentals for the sector as well as improving fortunes at a number of individual banks, but analysts said caution was necessary as there may be limited room for ... ( read original story ...)
Hong Kong launches HK$2 billion fund to support tech start-ups
Hong Kong has launched a HK$2 billion (US$256 million) fund to encourage investment in local innovation and technology start-ups, in an effort to boost new economic activity. The government said on Friday it is inviting venture capital funds to apply to ... ( read original story ...)
Hong Kong’s cross-border connection paves way for major IPOs
“Hong Kong had a pipeline of more than 170 IPO applications by the end of August,” Au says. “In addition, plans for about two to three large to mega IPOs mainly by technology-related businesses are likely to be completed before the end of 201 ( read original story ...)