HONG KONG--BOC Hong Kong (Holdings) Ltd. (>> BOC Hong Kong (Holdings) Ltd) Wednesday reported its first-half net profit fell to 17.22 billion Hong Kong dollars (US$2.2 billion) from HK$42.84 billion a year earlier, as earnings in the previous year were ... ( read original story ...)
Hong Kong Market May Find Renewed Support
BOC Hong Kong dipped 0.25 percent, Lenovo Group was down 0.23 percent, Industrial and Commercial Bank of China collected 0.17 percent and Ping An Insurance added 0.16 percent. The lead from Wall Street is cautiously optimistic as stocks saw some early ... ( read original story ...)
Hong Kong stock gauge loses struggle above 28,000 as Tencent drags
At one point, it had climbed as much as 0.8%. Bank of Communications, whose half-yearly results beat market expectations last week, added 1.3% while larger rival Bank of China (BOC) increased 0.7%. Hong Kong lender Bank of East Asia added 1.9% following a ... ( read original story ...)
Hong Kong Market Overdue For Profit Taking
Among the actives, China Life surged 4.17 percent, while Industrial and Commercial Bank of China soared 3.47 percent, BOC Hong Kong spiked 3.25 percent, CNOOC advanced 2.74 percent, China Petroleum and Chemical (Sinopec) perked 2.45 percent, China ... ( read original story ...)
Aircraft lessor BOC Aviation’s CEO sees oversupply risks to industry
BOC Aviation listed in Hong Kong last year when it raised $1.1 billion in the biggest IPO by an aircraft lessor globally. The company said on Tuesday it would change its dividend policy to increase the payout to as much as 35 percent of net profit from 30 ... ( read original story ...)
Exclusive: China’s ‘big four’ banks raise billions for Belt and Road deals – sources
HONG KONG (Reuters) - China's largest state-owned commercial banks ... and has already been running roadshows with investors. Bank of China (BOC) (601988.SS) (3988.HK), another major state bank, aims to raise around 20 billion yuan for a similar fund ... ( read original story ...)
ASIA MARKETS: Hong Kong Stock Gauge Takes Shot At 28,000 On Fed Relief, AAC Rally
HONG KONG (Aug 28) -- Hong Kong's benchmark stock gauge climbed ... (ICBC), China Construction Bank (CCB), Agricultural Bank of China (ABC) and Bank of China (BOC) are all scheduled to report interim results on Wednesday. U.S. stocks mostly rose and ... ( read original story ...)
HSBC Holdings plc (Hong Kong) (0005) Moves Up 0.67% on Aug 28
HONG KONG: Shares of HSBC Holdings plc (Hong Kong) (HKG:0005) last traded at 75.5, representing a move of 0.67%, or 0.5 per share, on volume of 11.28 million shares. After opening the trading day at 74.8, shares of HSBC Holdings plc (Hong Kong) traded in a ... ( read original story ...)
Chengdu Seeks Hong Kong Cooperation in Finance and Culture
CHENGDU, China, Aug. 29, 2017 /PRNewswire/ The city of Chengdu plans to draw on a thousand years of financial acumen to boost economic cooperation with Hong Kong, according to municipal officials visiting the Special Administrative Region for a weeklong ... ( read original story ...)
Is Hong Kong’s Reputation for Financial Secrecy About to Change?
Hong Kong is currently one of the fastest growing international financial centers in the world. Between 2008 and 2013, Hong Kong’s wealth management industry witnessed a growth rate of 146 per cent. There has also been estimation about Hong Kong’s ... ( read original story ...)
Why start-ups like to set up in Singapore but list in Hong Kong
Still, the overall Hong Kong IPO market is more robust. It has raised four times more funds than Singapore so far this year, totalling US$8 billion in 92 IPOs. The island republic has raised only US$2 billion from 13 IPOs, according to Thomson Reuters data. ( read original story ...)
BOC Hong Kong (Holdings) Ltd : half-yearly earnings release
The company will report its earnings for S1 2017 on 08/30/2017. Generally, the company reports earnings better than estimates. In recent months, the 14 analysts from Thomson Reuters consensus have revised their EPS estimates upward. ( read original story ...)
HK’s Bank of East Asia H1 profit more than trebles as costs drop
HONG KONG, Aug 25 (Reuters) - Hong Kong-based Bank of East Asia Ltd (BEA) posted first-half net profit that more than trebled on Friday, due to a drop in loan impairment losses and operational expenses, as well as a surge in interest income. Net profit was ... ( read original story ...)
Hong Kong’s financial bosses want staff to adapt to automation at work and upgrade their skill sets, survey finds
Hong Kong’s top financial executives are embracing automation in the workplace and urging employees to enhance their problem-solving skills and adapt as machines replace manual duties, a survey has found. Recruitment consultancy Robert Half polled 100 ... ( read original story ...)