Hong Kong Hang Seng gains 0.07%

The Hang Seng finished slightly higher on Wednesday as gains from the oil companies and properties were offset by weakness from the insurance companies and casinos. In Hong Kong, the sub-index of the Hang Seng index tracking energy shares dipped 0.3 ... ( read original story ...)

Debts lurking in China’s shadow banking system

SHANGHAI/BEIJING/HONG KONG: In March 2013, retired chemical company employee Anne Xing, her older sister and their husbands visited a China Everbright Bank branch on the outskirts of Shanghai. A private wealth manager at the bank had a special deal to ... ( read original story ...)

New reign set at BOC unit

But the Chinese-language Apple Daily reported that Gao would become the new head of BOC Hong Kong.... BOC Hong Kong's (2388) 60-year-old chief executive Yue Yi will soon retire, and Bank of China's (3988) executive vice president Gao Yingxin is reportedly ... ( read original story ...)