HONG KONG, Nov. 1 (Xinhua) -- The government of China's Hong Kong Special Administrative Region (HKSAR) vowed on Wednesday to further improve its business environment, after a World Bank annual report re-affirmed Hong Kong's position as one of the world's ... ( read original story ...)
HK 5th in World Bank report
Hong Kong has been ranked fifth in the world's easiest places to do business, reaffirming the Government's incessant efforts in business facilitation. The Government made the statement today after the World Bank's Doing Business 2018 report was released ... ( read original story ...)
Razer to IPO in Hong Kong on Nov 13; gaming tech firm could be valued at up to S$6.2b
SINGAPORE - Gaming tech firm Razer is seeking to raise up to US$545 million (S$743 million) through an initial public offering (IPO) in Hong Kong that could value the company at up to US$4.55 billion. Razer, which is on a roadshow until Nov 6, has ... ( read original story ...)
Games Win Puts Focus on Banks’ Push for Gay Rights in Hong Kong
Because of the lack of legal status, some employees have refused to move to Hong Kong, according to an executive at a global bank who asked not to be identified because of the political sensitivity of the issue. But instead of easing rules, the Hong Kong ... ( read original story ...)
Hong Kong stocks slide to pare monthly gain as slowing manufacturing stokes bad loan concern
Hong Kong stocks fell for a second day, trimming a monthly advance, on mounting concern that bad loans at Chinese banks will increase after Bank of China reported worse-than-expected earnings growth and official data showed China’s manufacturing ... ( read original story ...)
Bank of China Slumps as Lender Lags Peers in Taming Bad Loans
Bank of China Ltd. shares slumped the most in almost four months in Hong Kong after the lender failed to report the same improvements in asset quality as its rivals. The stock lost 3.2 percent to HK$3.90 as of 11:16 a.m. local time, paring its rally this ... ( read original story ...)
Banking on the best
The need for experts in asset management and private banking has prompted the opening of a new course at the University of Hong Kong. The bachelor of finance program is the first of its kind in Asia.Program coordinator and admissions tutor Anna Wong Wai ... ( read original story ...)
Razer seeks US$550 million in Hong Kong IPO, with an eye on the world’s largest game market
Razer, the equipment maker for computer gamers, backed by Intel and Hong Kong’s wealthiest man Li Ka-shing, has launched an initial public offering in the city, aiming to raise up to raise HK$4.3 billion (US$550 million) to fund its acquisitions and ... ( read original story ...)
Asia pivot helps HSBC post jump in profit
"Our international network continued to deliver strong growth ... and our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong," HSBC Group Chief Executive Stuart Gulliver said in the statement. HSBC saw return on equity ... ( read original story ...)
Rising costs tarnish HSBC’s Asia-driven profit growth
HONG KONG (Reuters) - HSBC reported rising costs on Monday, sending its shares one percent lower and taking the shine off a better-than-expected quarterly profit driven by the Asian business that the bank has put at the heart of its growth plans. ( read original story ...)
HSBC revenue growth beats expectations
particularly in Hong Kong”. HSBC had previously been struggling to generate revenue growth. However, analysts said the bank’s adjusted quarterly operating costs of $7.8bn for the third quarter were higher than expected, which the bank blamed on ... ( read original story ...)
HSBC just reported a 448 percent jump in pre-tax profit
"Our global network continued to deliver strong growth ... and our pivot to Asia is driving higher returns and lending growth, particularly in Hong Kong", HSBC Group Chief Executive Stuart Gulliver said in the statement. HSBC earlier this month chose ... ( read original story ...)
HSBC’s ‘pivot to Asia’ boosts profits
HSBC headquarters is seen at the financial Central district in Hong Kong, China September 6, 2017. REUTERS/Bobby Yip Third quarter pre-tax profit up over 400% to $4.6 billion. HSBC boosted by expansion in Asia. HONG KONG, Oct 30 (Reuters) - HSBC Holdings ... ( read original story ...)
UPDATE 2-Asia pivot helps HSBC post jump in Q3 pretax profit
Common equity tier 1 ratio at 14.6 pct at end-Sept * CEO says pivot to Asia driving higher returns (Adds details on Asia business, operating expenses, context, stock price) HONG KONG, Oct 30 (Reuters) - HSBC Holdings PLC on Monday signalled its pivot to ... ( read original story ...)