Financial Secretary Paul Chan on Sunday said China’s move to allow mainland investors to trade in shares of more overseas companies listed in Hong ... ( read original story ...)
Hong Kong banks’ ambitious bet on the mainland unravels
Half-year results published by mainland banks last week show the strains of the local property market crisis, which is getting progressively worse. Hong Kong peers, despite reassurances, have not ... ( read original story ...)
China banking crisis: savers at risk as small lenders face ‘perfect storm’ of soured property loans, slowing economy
A debt crisis in the property sector and an economy hobbled by a zero-Covid policy have left small lenders struggling. This could spell trouble for millions of individual savers. ( read original story ...)
Research Analysts Offer Predictions for BOC Hong Kong (Holdings) Limited’s FY2023 Earnings (OTCMKTS:BHKLY)
Equities research analysts at Jefferies Financial Group upped their FY2023 earnings per share estimates for BOC Hong Kong in a research note issued on Thursday, September 1st. Jefferies Financial ... ( read original story ...)
HKFP Lens: Unkindest cut as Hong Kong’s last sawmill set to close after 75 years to make way for new Northern Metropolis
The owner of Chi Kee Sawmill & Timber, Wong Hung-kuen, describes the 75-year-old business as a “temple of carpentry” in Hong Kong. But the city is about to lose its last such temple. The 72 year-old ... ( read original story ...)
Tencent Denies Financial Times Divestment Article, Week In Review
Asian equity markets were mixed on light volumes except for China and South Asian equity markets in advance of today’s US jobless number, which came in stronger than anticipated. ( read original story ...)
Fed ends decade-long enforcement action against HSBC
The U.S. Federal Reserve has terminated a decade-long enforcement action against HSBC Holdings PLC under which Europe's biggest bank by assets was ordered to improve practices after violating money ... ( read original story ...)
China to enhance Hong Kong’s status as a global financial hub, adding overseas stocks to cross-border trading scheme
An expansion of the eight-year-old Stock Connect scheme will for the first time give mainland traders access to overseas companies listed in Hong Kong, an official said on Friday. ( read original story ...)
Credit Suisse Hit by Key Private Bank Resignations in Hong Kong
Credit Suisse Group AG has been hit by two senior private banker resignations in Hong Kong as the Swiss lender targets a global overhaul following a wave of scandals that triggered billions of dollars ... ( read original story ...)
Chinese bank exposure to developers’ bad loans piles up
Non-performing loans to the real estate sector are piling up at China's major listed banks even as they seek to reassure investors that any impact from deteriorating asset quality will be manageable. ( read original story ...)
Silver Bonds: Hong Kong gets HK$62.6 billion of bids from record number of subscribers seeking inflation-beating returns
The HK$45 billion inflation-protected bonds come with a guarantee at least a 4 per cent annual coupon, a variable target pegged to the city's inflation rate Consumer prices rose 1.9 per cent in July, ... ( read original story ...)
Talent Agency’s Pulled IPO Adds to Hong Kong’s Deal Troubles
A management firm that represents Chinese celebrities is the first this year to suspend an initial public offering in Hong Kong after having started to take orders for its shares, evidencing a ... ( read original story ...)
China Vanke’s Property-Management Arm Onewo Readies Hong Kong IPO
By Clarence Leong Chinese property manager Onewo Inc., which is majority-owned by China Vanke Co., is preparing to launch an initial public offering in ... ( read original story ...)
Talent Agency’s Shelved IPO Adds to Hong Kong’s Deal Trouble
A management firm that represents Chinese celebrities is the first to suspend an initial public offering in Hong Kong after having started to take orders for its shares, evidencing a valuation ... ( read original story ...)