For the Hong Kong-Shanghai and the Hong Kong-Shenzhen stock links ... China wants to embrace the world, not take it over, Xi says at Boao Forum for Asia I would say with financial and service industries opening up, the US in the future would have more ... ( read original story ...)
Beijing unveils financial opening moves, boosts Hong Kong stock link, plays down yuan talks
China’s central bank has unveiled a slew of market opening measures in the financial sector on Wednesday, including the removal of foreign ownership caps of banks, as Beijing tries to paint itself as an open economy and a key backer of free trade and ... ( read original story ...)
CORRECTED-China, HK stocks climb as Beijing pledges to further open financial sector
SHANGHAI, April 11 (Reuters) - China and Hong Kong stocks rose on Wednesday, led by financial firms, as the market welcomed Beijing’s pledge to further open the country’s financial sector to foreign investors. On the mainland, the CSI300 index advanced ... ( read original story ...)
China vows wider access to financial markets amid trade row
Foreign ownership restrictions in Chinese banks and financial asset management firms also will be ... Commission said the allowable daily two-way trading volume between Hong Kong and mainland China's two exchanges would each be increased fourfold to ... ( read original story ...)
Hong Kong’s currency to remain pegged to the US dollar in the near future, IMF’s Lagarde says
so there were no Hong Kong dollars left to finance short sellers. Read: Lessons from 1997 show how it’s scary being a bear on the Hong Kong dollar The currency peg exposes Hong Kong’s economy to the ups and downs of the US economic cycle as the US Fed ... ( read original story ...)
China boosts mainland-Hong Kong stock connect quotas
Paul Chan, Hong Kong’s financial secretary, said: “This will facilitate the healthy development of stock connect, and facilitate international investors’ access to the mainland’s stock markets and mainland investors’ access to Hong Kong’s stock ... ( read original story ...)
Hong Kong stocks rise as President Xi commits to more ‘open’ China in speech at Boao
Hong Kong’s stock market climbed on Tuesday morning, as President Xi Jinping committed to further opening China’s economy in a keynote speech in Boao. Mainland markets were mixed. The benchmark Hang Seng Index and the Hang Seng China Enterprises Index ... ( read original story ...)
HK dollar eases to new 33-year low, nears weaker end of band
The gap between the two has widened since the 2008 financial crisis, as the U.S. central bank has started raising interest rates. However, the Hong Kong money market remains awash with liquidity thanks to equity market inflows and remnants of money ... ( read original story ...)
“I’m starting my banking career in Hong Kong. Bankers drink too much in London”
But alcohol played a part. https://news.efinancialcareers.com/hk-en/311815/asia-technology-internships/ I interned at a top US bank in Hong Kong last summer and I was lucky enough to secure a return job offer. The bank asked me whether I wanted to start ... ( read original story ...)
Bitcoin Mining Manufacturer Canaan May Seek an IPO in Hong Kong or the US
Canaan Rules out IPO on Chinese Stock Exchanges? Canaan Creative Co. Ltd, the Chinese company behind the Avalon lineup of hardware equipment which produces ASIC mining chips and rigs, is reportedly considering launching an initial public offering (IPO) in ... ( read original story ...)
Watch the World Rugby Sevens Series in Hong Kong
Watch live coverage of the HSBC World Rugby Sevens Series men's tournament from Hong Kong in the video player above. Action resumes at 9:30 p.m. ET. Canada fell short of the quarter-finals after losing 17-12 to Spain in their final game of pool play. ( read original story ...)
Haidilao to tap demand for Chinese hotpot with up to $700 million IPO – sources
HONG KONG (Reuters) - Sichuan Haidilao Catering ... as joint sponsors for the proposed IPO, two of the people said. The IPO could come in the second half of the year, they said. The planned listing comes as the Beijing-based restaurant operator looks ... ( read original story ...)
“I’m starting my banking career in Hong Kong. I found London far too boozy”
But alcohol played a part. https://news.efinancialcareers.com/hk-en/311815/asia-technology-internships/ I interned at a top US bank in Hong Kong last summer and I was lucky enough to secure a return job offer. The bank asked me whether I wanted to start ... ( read original story ...)
HSBC to expand further in China, cut red tape under new management team
LONDON (Reuters) - HSBC (HSBA.L) will seek to cut internal bureaucracy and ... Mark Tucker, the bank’s first externally appointed chairman, told analysts and investors at a meeting in Hong Kong that trimming the bank’s bloated governance structure ... ( read original story ...)