technology companies and industry partners in Hong Kong and the region, to come together and explore new ways to solve business problems and create new value propositions. The Bank also launched SC Ventures this year. This is a new business unit set up ... ( read original story ...)
China policy bank reports over $100b loans to SCO countries
An employee counts Chinese one-hundred yuan banknotes at the Bank of China Hong Kong Ltd headquarters in Hong Kong, Nov 12, 2016. [Photo/VCG] BEIJING - China Development Bank (CDB), a major policy bank, has so far loaned more than $100 billion to members ... ( read original story ...)
Hong Kong regulator fines HSIM for breach of fund rules
Hong Kong’s Securities and Futures Commission (SFC ... HSIM is the asset management arm of local lender Hang Seng Bank. The disciplinary action followed an independent review jointly agreed by the SFC and HSIM, according to a May 31 statement from ... ( read original story ...)
Hong Kong stocks rise to three-week high as risk appetite improves and trade war concerns fade
Hong Kong stocks rose for a sixth day, sending the benchmark gauge to its highest level in three weeks, as fears of a global trade war eased and investors’ risk appetite returned with US technology stocks rising to records. The Hang Seng Index added 0.8 ... ( read original story ...)
Global shares fall ahead of G7 summit, central bank meetings
Hong Kong's Hang Seng slipped 1.9 per cent at 30,910.89 ... "Then there's that small matter of the European Central Bank and Federal Reserve Board meetings, which could be very crucial for the markets next tack." ENERGY: Benchmark U.S. crude dipped ... ( read original story ...)
Hong Kong market rises on gains of property and tech shares
head of investment strategy for Hong Kong and greater China wealth management at Standard Chartered Bank. “Every time the Hang Seng Index approaches 30,000 points, there is a technical rebound.” In mainland trading on Monday, the Shanghai Composite ... ( read original story ...)
Hong Kong stocks jump most in a month on techs, developers
head of investment strategy for Hong Kong and greater China wealth management at Standard Chartered Bank. "Every time the Hang Seng Index approaches 30,000 points, there is a technical rebound." In mainland trading on Monday, the Shanghai Composite rose 0 ... ( read original story ...)
Hong Kong Market: Time To Lock In Gains
The win streak has reached six sessions for the Hong Kong Stock Market, which has soared more than ... were mixed - and the Asian shares figure to split the difference. The Hang Seng finished modestly higher on Thursday following gains from the financials ... ( read original story ...)
Hong Kong Bourse Draws Firm Lead For Thursday
The Hong Kong stock market has climbed higher in five straight sessions ... The European and U.S. markets were up and the Asian markets are expected to follow suit. The Hang Seng finished modestly higher on Wednesday following gains from the utilities ... ( read original story ...)
Sensex, Nifty trade lower, bank stocks fall
Major losers were power grid, ICICI Bank, IndusInd Bank, Yes Bank ... In the Asian region, Japan’s Nikkei fell 0.20% and Hong Kong’s Hang Seng shed 1.30% in early trade. China’s Shanghai Composite index too was down 1.29%. ( read original story ...)
Xiaomi Wins Hong Kong Stock Exchange Approval for IPO
Xiaomi Corp. has won Hong Kong stock exchange approval for its planned initial public offering, which would be the first listing in the city with weighted voting rights, people with knowledge of the matter said. The smartphone maker passed its so-called ... ( read original story ...)
Game live streaming platform Douyu rumored to plan IPO in Hong Kong
Tencent-backed game live-streaming platform Douyu(斗鱼) is reported to plan an initial public offering in Hong Kong. The company is said to plan to raise more than $ 700 million. However, the company declined to comment on the information. Douyu was ... ( read original story ...)
Former financial secretary John Tsang joins fintech-focused merchant bank Ion Pacific
John Tsang Chun-wah, Hong Kong’s former financial secretary who was defeated last year in his bid to become the city’s chief executive, has joined fintech-focused merchant bank Ion Pacific as its vice-chairman. Set up in 2015 in Hong Kong, Ion Pacific ... ( read original story ...)
Mining Giant Bitmain’s CEO Wu ‘Open’ to Hong Kong IPO, Report Says
The CEO of Bitcoin mining tech giant Bitmain has appeared to confirm he would be interested in conducting an IPO for the company in future. The potential move would mimic Canaan, one of the company’s main competitors, which announced its intention to ... ( read original story ...)