Food giant COFCO is planning a Hong Kong initial public offering (IPO) for its money-losing e-commerce unit as part of a broader move to separately list its many different businesses to better differentiate them for investors. The listing would see state ... ( read original story ...)
These six senior bankers left global firms to join BOCI in Hong Kong
Would you leave the likes of UBS and Citi to join Bank of China? These people would. http://news.efinancialcareers.com/hk-en/292436/corporate-bankers-hong-kong/ Large Chinese banks have traditionally grown their own talent and found it difficult to lure ... ( read original story ...)
Hong Kong finance chief Paul Chan faces yet another court case over defaming children
Hong Kong’s finance chief and his wife found themselves back in a legal battle on Monday over whether they recklessly defamed two schoolchildren, after the city’s top court gave the green light to the twins and their father to pursue a last-ditch appeal. ( read original story ...)
Hong Kong banks among world’s most profitable thanks to low costs, better asset quality
The large banks in Hong Kong are some of the most profitable in the world, partly due to their low costs, according to industry experts. Banking analysts say this is partly a result of market fundamentals, but also comes down to cost control decisions ... ( read original story ...)
Hang Seng Bank Ltd.
The company was founded by Sin Hang Ho in 1933 and is headquartered in Hong Kong. Hang Seng Bank is a major local bank in Hong Kong and a member of the U.K.'s HSBC group. Hang Seng has a strong presence in Hong Kong's retail banking sector, with more than ... ( read original story ...
Hong Kong’s China stock benchmark to include private companies
HONG KONG -- Hang Seng Bank's benchmark compiling unit said on Thursday that it is going to revamp the existing Hang Seng China Enterprises Index in order to make it more representative of mainland China's economy, which is increasingly led by consumption ... ( read original story ...)
Hang Seng adds private firms to raise H-share index’s appeal as benchmark for China investors
the wholly owned Hang Seng Bank unit that compiles and maintains the index. The makeover is a measure of how much Hong Kong’s role as a financial centre, and the composition of the city’s capital market, have changed over the past two decades since ... ( read original story ...)
Hang Seng Bank expands leave to increase competitiveness
Over half of Hang Seng Bank’s Hong Kong employees will see their annual leave allowance increase starting from January next year. The bank is granting around 4,500 of its 8,000 staff members more annual leave, with 60% of them gaining an extra four days. ( read original story ...)
Hong Kong stocks close up Wednesday led by Tencent and Chinese banks
Hong Kong stocks inched higher on Wednesday as shares in the tech and banking sectors advanced, led by Chinese online giant Tencent Holdings. The Hang Seng Index gained 0.86 ... Shares of China Construction Bank went up 2.15 per cent to HK$6.60, while ... ( read original story ...)
Hong Kong shares join global retreat, but end week up on solid earnings
Hong Kong shares finished down on Friday ... amid growing doubts over the Trump administration's ability to implement its economic agenda. The Hang Seng index fell 1.1 percent, to 27,047.57 points, while the China Enterprises Index lost 1.0 percent ... ( read original story ...)
Hong Kong shares fall on late profit taking
Hong Kong shares finished down on Tuesday, falling late in the session after profit-taking pressures overcame support from a strong performance in banking shares. The Hang Seng index fell ... for most of the trading day, bank stocks strengthened after ... ( read original story ...)
Hong Kong shares lower on profit taking; Tencent rises 1.9 pct
SHANGHAI, Aug 17 (Reuters) - Hong Kong shares closed slightly down on Thursday as profit-taking outweighed solid gains by gaming and social media firm Tencent after the company posted better-than-expected quarterly earnings. The Hang Seng index fell 0.2 ... ( read original story ...)
Hong Kong’s role in the yuan’s ongoing journey to achieve global prominence
As a finance professional working in Hong Kong for the past two decades, John Tan Ming-kiu never dreamed he would end up dealing with Beijing regulators, nurture a Taiwanese banking franchise, or see the dim sum bond market kick off. But the changes ... ( read original story ...)
BOC Hong Kong to launch mixed-asset fund amid bullish outlook on Chinese stocks and bonds
The asset management unit of Bank of China Hong Kong (BOCHK) said it will launch a China-themed mixed asset fund next week amid the bullish outlook for Chinese stocks and bonds. The BOCHK All Weather China Income Fund will invest 70 per cent in Chinese ... ( read original story ...)