When I was leaving Kenya he said, “Jason, one day I will save enough money to come to Hong Kong to visit you.” I knew it was a mission impossible for him. It had me thinking, “How can the world be like this?” Working in an investment bank can make ... ( read original story ...
Bitcoin trading shrivels under Chinese government’s glare
The People’s Bank of China launched checks into the three exchanges ... in China would likely normalize to around those seen on exchanges elsewhere, like the Hong Kong-based Bitifinex and U.S.-based Coinbase. ( read original story ...)
HSBC calls for revamp of tax regime
Compared to 15 years ago, there are more jurisdictions that have a lower tax rate than Hong Kong while Singapore’s effective tax rate is at a similar level with the SAR,” said HSBC Asia Pacific adviser George Leung Siu-kay. He said he expected the ... ( read original story ...)
Li & Fung out, Geely in as HSI reshuffles Hang Seng Index
Separately, Tsingtao Brewery – the first H share listed in Hong Kong in July 1993 – will be removed from the H-share index, officially called the Hang Seng China Enterprises Index. Its constituent position will be replaced by Postal Savings Bank of ... ( read original story ...)
China H Shares Rally to 14-Month High as Autos, Financials Climb
Chinese stocks in Hong Kong climbed to a 14-month high as investors honed in on some of the world’s cheapest equities. Automakers and financial shares led gains. The Hang Seng China Enterprises Index rose 1.2 percent, breaking through the psychological ... ( read original story ...)
How to Enjoy Hong Kong in Winter
Resort destinations such as Maldives and Boracay or relatively mild winter climate countries such as Hong Kong and Macau are most favorite locations among them. Especially, Hong Kong is adored by many due to the pleasant temperatures during the winter ... ( read original story ...)
Hong Kong, mainland China stocks close higher on rallies in financial, property sectors after early losses
Hong Kong and mainland Chinese stocks closed higher on Wednesday amid strong rallies in the financial and property sectors despite news that China’s foreign exchange reserves fell to a nearly six-year low, which had hit market sentiment during morning ... ( read original story ...)
What AEOI means for banking customers in Hong Kong
With the arrival of the new year, don’t be surprised if your bank asks for information about yourself and your accounts that you didn’t have to provide before. These questions signal an important development as banks in Hong Kong and around the world ... ( read original story ...)
The Biggest IPOs To Look Out For In China, Hong Kong This Year
Investors are preparing for one of the hottest IPOs in years—Snap’s $25 billion listing in New York. They should also keep on eye on some big debuts in Hong Kong and mainland China, the world’s top two IPO markets last year. Here are the three ... ( read original story ...)
Hang Seng Index, mainland China stocks lower amid concerns over tighter liquidity
Hong Kong’s benchmark Hang Seng Index and mainland China stocks closed moderately lower on Tuesday as the Chinese central bank maintained its tighter liquidity stance and investors remained cautious amid global uncertainties. The Hang Seng Index edged ... ( read original story ...)
Hong Kong may lose IPO top spot on tech departure
Despite a 26% plunge in money raised in Hong Kong offerings, the city maintained the top spot for global IPOs in 2016. But as new economy companies look to go public, many are shying away from Hong Kong. Reuters correspondent Pamela Ambler finds out what's ... ( read original story ...)
Hong Kong’s SFC Warns of Another Clone Brokerage
However, the SFC said that the cloned firm is not located in Hong Kong although it is using the details of an authorised firm in the U.K.. A brief review of the FXjupiter’s website reveals that it offers investment services on a wide range of financial ... ( read original story ...)
Hang Seng Bank Ltd. (HSNGY) Given $20.91 Average Price Target by Analysts
Hang Seng Bank Limited is a Hong Kong-based investment holding company principally engaged in the provision of banking and financial services. The Company operates through four segments. Retail Banking and Wealth Management segment is engaged in the ... ( read original story ...)
'Abduction' threatens Hong Kong role as financial haven
In early 2016, the abduction of five Hong Kong booksellers by mainland Chinese security agents raised questions about the former British colony's future as a bastion of free speech. Now, the latest apparent snatching of a Chinese billionaire, Xiao Jianhua ... ( read original story ...)