HSBC will seek the input of Hong Kong’s two utility firms to find “creative” ways to meet its ambitious target of sourcing 90 per cent of its energy needs from renewable sources by 2025 and 100 per cent in 2030, according to its head of sustainable ... ( read original story ...)
Ping An Becomes Second-Largest Shareholder in HSBC
China’s Ping An Insurance has acquired a 5% stake in HSBC Holdings, becoming the second-biggest shareholder of Europe’s largest bank, according to the insurer’s regulatory filing on Wednesday. Ping An’s filing to the Hong Kong Stock Exchange ... ( read original story ...)
Hong Kong set to lose global IPO crown to New York and Shanghai as fundraising halves
Hong Kong is on track to lose its much-coveted crown as the world’s top initial public offering (IPO) market as the year draws to a close, with latest figures showing total funds raised here have dropped 48 per cent compared with 12 months ago, leaving ... ( read original story ...)
Hong Kong financial boss Ivan Chan receives life sentence at retrial for murdering his mistress
A finance company director who took six years to admit that he killed his mistress and dumped her body in a rubbish trolley parked outside a Hong Kong village was sentenced to life in prison on Tuesday after he was found guilty of murder for the second time. ( read original story ...)
Hong Kong financial boss Ivan Chan guilty of murder in the death of his mistress
A finance company director who took six years to admit that he killed his mistress and dumped her body in a rubbish trolley parked outside a Hong Kong village was found guilty of murder on Tuesday. A High Court jury of six men and one woman returned a 6-1 ... ( read original story ...)
Hebei Construction US$297m IPO is first in Hong Kong to target China’s massive Xiongan project
A share offering this week of up to HK$2.32 billion (US$297 million) by China’s Hebei Construction will be the first listing in Hong Kong of a company linked to Beijing’s ambitious Xiongan special economic zone project. Xiongan New Area, established in ... ( read original story ...)
Is Hong Kong’s IPO fever over after Nissin and Shandong Int’l fail to excite?
The Hong Kong initial public offerings of Nissin Foods and Shandong International Trust (SIT) this week have received less investor enthusiasm than previous tech and internet share offerings, raising fears that the recent IPO fever has peaked. Nissin Foods ... ( read original story ...)
Hong Kong finance boss was ‘smiling’ after alleged murder of his mistress, court told
A Hong Kong finance company director on trial for killing his mistress was seen smiling on security footage as he made arrangements to clear out her flat, according to prosecutors who argued on Friday there was overwhelming evidence pointing to murder. ( read original story ...)
Hong Kong’s Hang Seng index posts biggest weekly loss of the year
Dec 1 (Reuters) - Hong Kong stocks fell on Friday, with the benchmark Hang Seng Index posting its biggest weekly loss ... Co of China Ltd which was down 1.75 percent, China Merchants Bank Co Ltd which fell 1.5 percent and Anhui Conch Cement Co Ltd down ... ( read original story ...)
Tearful finance boss tells Hong Kong murder trial he did not intend to harm or kill mistress
A Hong Kong finance company director who admitted killing his mistress six years ago tearfully told a court on Thursday he never meant to harm or kill anyone. But Ivan Chan Man-sum, who is on trial for murder, admitted to telling a number of lies when he ... ( read original story ...)
Bank of China HK rallies, Hang Seng drops at close
Stocks in Hong Kong closed lower today. The Hang Seng index dropped by 57.02 points or 0.19 percent at 29,623.83. Shares in op BOC Hong Kong Holdings (2388) rallied by 4.44 percent to HK$38.90. In China, the Shanghai Composite index edged up by 0.13 ... ( read original story ...)
Hong Kong shares fall sharply as tech shares plunge
Nov 30 (Reuters) - Hong Kong shares ended Thursday lower ... was 1.49 percent lower and property sector dipped 0.12 percent. ** The top gainer on Hang Seng was Bank of East Asia Ltd , up 1.79 percent, while the biggest loser was AAC Technologies Holdings ... ( read original story ...)
Hong Kong stocks close below 30,000 as Shanghai shares fall most in a year
The Hang Seng Index ended down 1 per cent ... China Construction Bank down 1.6 per cent to HK$6.9, and China Merchants Bank off 4.1 per cent to HK$31.95. Still, some Hong Kong property developers gained. Sun Hung Kai Properties added 1.3 per cent to ... ( read original story ...)
China’s new-economy sector to push Hang Seng Index to 32,000 next year, says Goldman
The rise of China’s “new-economy” stocks will help push Hong Kong’s benchmark Hang Seng Index to a historic high of 32,000 ... said Kinger Lau, the investment bank’s chief China strategist, who sees the MSCI China index climbing to 100 in the ... ( read original story ...)