Within Hong Kong, the key benchmark index – similar to Singapore’s Straits Times Index (STI) – is the Hang Seng Index. It’s been a tough year so far, with the index currently at 16,211 as of 21 ... ( read original story ...)
Strict COVID-19 policies drive people out of Hong Kong
Large numbers of people have left Hong Kong not only due to political unrest, but also strict COVID-19 policies. Over the past year, more than 100,000 people have left — a record. The exodus includes ... ( read original story ...)
China Central Bank Head Likely to Step Down Amid Reshuffle – Sources
Yi Gang attends a news conference on China's economic development ahead of the 70th anniversary of its founding, in Beijing, China September 24, 2019. REUTERS/Florence Lo Reuters BEIJING/HONG KONG ... ( read original story ...)
Why Hong Kong’s status as the international financial centre is unshakable?
The heightened geopolitical tensions, economic recession and ongoing pandemic bring uncertainties to the global financial markets. Some observers hold a pessimistic view of the future of Hong Kong’s ... ( read original story ...)
Jefferies Financial Group Analysts Lift Earnings Estimates for BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY)
Stock analysts at Jefferies Financial Group increased their FY2022 EPS estimates for BOC Hong Kong in a research report issued to clients and investors on Wednesday, October 19th. Jefferies Financial ... ( read original story ...)
Newly profitable Kanzhun Steps Aboard Hong Kong’s Dual Listing Train
Having finally turned a profit, Kanzhun has filed for a dual primary listing on the Hong Kong Stock Exchange to insure against its shares being pulled from New York ... ( read original story ...)
Hong Kong’s Stock Market Just Hit a 13-Year Low. It Could Get Worse.
The city is reeling from global headwinds compounded by Covid restrictions and Beijing’s growing sway over every aspect of the financial hub. ( read original story ...)
HSBC, NetEase, developers fall as Hong Kong stocks extend losing streak at 13-year low on China outlook, Fed rate pressure
Hong Kong stocks are headed for a second weekly loss with the Hang Seng Index struggling at a 13-year low. Traders await economic data as the Chinese Communist Party concludes its Congress on Saturday ... ( read original story ...)
Hong Kong Sevens: food to be sold in stadium after all, but no BYO and fans must show RAT for entry
With two weeks to go, the tournament has won permission to serve food, but fans may not bring their own and must now show a negative rapid antigen test on arrival each day. ( read original story ...)
Hong Kong to let Covid-hit participants of banking summit leave on own flights: official
Foreign participants at a high-profile financial summit in Hong Kong next month would be able to skip isolation and leave via "appropriate flight arrangements" if they catch Covid, a top health ... ( read original story ...)
Not like China: Hong Kong reportedly wants to legalize crypto trading
Hong Kong is taking action to restore its status as a global cryptocurrency hub by launching several legal initiatives related to the crypto industry. ( read original story ...)
Hong Kong Stocks and Japanese Yen Hit Crisis-Era Levels
Meanwhile, a conference in Hong Kong featuring the city's leader, who is sanctioned by the U.S. but due to appear alongside U.S. investment bankers, offers a bad look. ( read original story ...)
Hunt for investment in Middle East: Hong Kong finance chief to lead delegation to Bahrain and Saudi Arabia as part of policy push
Choice of region deliberate given US-China geopolitical rivalry and sanctions on officials Paul Chan's visit sparks speculation on whether Hong Kong government will be involved in Saudi Arabia's ... ( read original story ...)
Asia Earnings Week Ahead: HSBC, Samsung, SK Hynix, Canon, BYD
Foreign exchange will be in focus across several of Asia’s key earnings reports next week, as investors look to assess the impact of a strong dollar amid increasing expectation that the Federal ... ( read original story ...)