Among the actives, Tencent Holdings surge d 2.95 percent, while China Mobile picked up 0.30 percent, CITIC spiked 2.51 percent, BOC Hong Kong climbed 1.15 percent, New World Development dropped 1.12 percent, China Resources Land gained 0.62 percent ... ( read original story ...)
UnionPay ATM withdrawals to come under closer scrutiny in Hong Kong, as they are in Macau
said ING Bank NV’s economist Iris Pang. “This is obviously to deter capital outflow from individuals using ATMs,” Pang said in Hong Kong. “This signals that the State Administration of Foreign Exchanges (SAFE) is still wary of capital outflow ... ( read original story ...)
Hong Kong shares boosted by techs, China financials and resource plays
SHANGHAI, Aug 7 (Reuters) - Hong Kong stocks posted modest gains on Monday, buoyed by strength in technology firms as well as Chinese resource and financial shares. The Hang Seng index ended up 0.5 percent at 27,690.36 points, while the China Enterprises ... ( read original story ...)
Signals are good for China Tower IPO
China Tower, which owns and manages the towers used by the country’s big three telecoms operators, is preparing for an initial public offering in Hong Kong. The company has hired China International Capital and Goldman Sachs to lead the IPO, which could ... ( read original story ...)
Chinese bank IPOs in Hong Kong underperform broad index
Of the six banks that have listed in Hong Kong in the past 16 months, all are underperforming the benchmark Hang Seng index. From their IPO prices, their shares have moved between a gain of 7.5 percent, in the case of Jilin Jiutai Rural Commercial Bank ... ( read original story ...)
China bank IPOs lose allure
Of the six banks that have listed in Hong Kong in the past 16 months, all are underperforming the benchmark Hang Seng Index. From their IPO prices, their shares have moved between a gain of 7.5 percent, in the case of Jilin Jiutai Rural Commercial Bank ... ( read original story ...)
HSBC repurchases boost buyback value on Hong Kong exchange
The insider activity fell for the second straight week based on filings on the Hong Kong stock exchange from July 31 to August 4, with 15 companies that recorded 75 purchases worth HK$74 million versus three firms with 19 disposals worth HK$6 million. ( read original story ...)
Good news in jobs market sends Wall Street stocks higher
The Hang Seng in Hong Kong edged up 0.1%. The UK needs to be better prepared for a "no deal" Brexit to show Brussels there is a "credible" alternative should the negotiations fail, a former Bank of England governor has said. Blue-chip stocks pushed the ... ( read original story ...)
Hong Kong exchange operator HKEX expects 11pc rise in interim profit on higher market turnover
Hong Kong Exchanges and Clearing ... a wealth management strategist at Sun Hung Kai Financial. “The volume of derivative products trading also reach a record high level in the first half of this year which also brought in higher fee income,” Wen ... ( read original story ...)
Profit from these five investment trends over the next decade
What is it – Premium China Fund invests mostly in companies listed in Hong Kong, mainland China and Taiwan ... water rights, agribusiness finance and real property. Returns – From inception in June 2014 to June 30, 2017, 9.33 per cent. ( read original story ...)
Duterte’s ‘Build, Build, Build’ plans hit Philippine peso
Policymakers are often reminded of the Asian financial crisis 20 years ago whenever external ... Nichola Saminather and Vidya Ranganathan in SINGAPORE and Marius Zaharia in HONG KONG; Editing by Marius Zaharia and Raju Gopalakrishnan) ( read original story ...)
China Yuchai International Limi (NYSE:CYD) Trading Volume Significantly Higher
which include property-backed financial instruments and in direct property. TCL is involved in the distribution of lifestyle products, including beauty and health, and enviro-care products in China (including Hong Kong), Southeast Asia and India.. ( read original story ...)
Almost 10 Years And Still Nits To Pick
As Izabella concluded, "To us that suggests the financial plumbing of the system will become a ... timed to whatever seasonal factor (such as CNH in offshore China, meaning Hong Kong, that only for each of the past two years ahead of both semi-annual ... ( read original story ...)
Where Power Players Escape From It All
For finance titans in London in search of the perfect second ... “By July and August, people are pretty much gone.” While some of Hong Kong’s wealthiest financiers are buying second homes across the border in mainland China, many of them are staying ... ( read original story ...)