The top gainers among H-shares were CSPC Pharmaceutical Group Ltd, up 6.81 percent, followed by ZhongAn Online P & C Insurance Co Ltd gaining 1.78 percent and China Citic Bank ... Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng ... ( read original story ...)
What Next for BOC HONG KONG HOLDINGS LTD. ORDINARY SHA (OTCMKTS:BNKHF) Stock After Decrease in Shorted Shares?
The stock of BOC HONG KONG HOLDINGS LTD. ORDINARY SHA (OTCMKTS:BNKHF) registered a decrease of 47.72% in short interest. BNKHF’s total short interest was 2.40M shares in May as published by FINRA. Its down 47.72% from 4.58 million shares, reported ... ( read original story ...)
UBS combines China, Hong Kong banks as it fights to keep licence in world’s biggest IPO destination
UBS, which is appealing against a decision barring it from sponsoring stock market listings in Hong Kong, is restructuring its investment banking department by combining its China and Hong Kong arms, according to an internal memo seen by the South China ... ( read original story ...)
Hong Kong’s MPF pension holders ‘could save HK$200 million’ under new charter
Launched in 2000, the MPF covers 2.8 million workers and self-employed people in Hong Kong, but has come under regular criticism for charging high fees on top of poor investment returns. Struggling financial markets have not helped recently, with investors ... ( read original story ...)
Hong Kong’s $9bn currency defense adds to property market risks
HONG KONG -- Financial authorities here have intervened to buy 70.4 billion Hong Kong dollars ($8.96 billion) since April to prop up the currency, in effect tightening monetary policy in an economy particularly sensitive to U.S. interest rate moves. ( read original story ...)
Now Hong Kong banking recruiters want to hire you if you’re NOT a perfect match to the job
In a bid to boost their technology ranks, recruiters at banks in Hong Kong now want to hire more tech professionals whose skills aren’t yet a complete match to the job desciption. Technology is now at the forefront of banks’ local headcount plans, but ... ( read original story ...)
China, Hong Kong stocks fall as coal miners slump
In Hong Kong, the Hang Seng index dropped 1.0 percent to 30,909.01, while the Hong Kong China Enterprises Index lost 1.3 percent to 12,194.86 points. ** Investors were also cautious after U.S. President Donald Trump tempered optimism over progress made so ... ( read original story ...)
Manager at Hong Kong finance firm loses HK$14 million to man she never met in eight-year online love scam
A financial professional has become Hong Kong’s biggest victim of internet romance scams, losing HK$14 million (US$1.8 million) to a con artist she had an online relationship with for eight years, police sources revealed, amid a surge in such cases this ... ( read original story ...)
Hong Kong finance manager lost £1.3m to ‘British film director’ she never met in eight year romance con
A con artist who pretended to be a British film director has reportedly duped a Hong Kong woman out of HK$14 million (£1.3 million) in the city's biggest ever online romance scam. The victim of the eight year-long fraud was a manager at a Hong Kong ... ( read original story ...)
Hong Kong banks trying (but often failing) to hire from Google and Alibaba
Finance-sector experience is no longer a must-have for getting a technology job at a large bank in Hong Kong. This year, banks are increasingly trying to poach tech professionals from outside the finance sector, according to 13 senior in-house recruiters ... ( read original story ...)
Is banks’ deposits race the first sign of Hong Kong’s property bubble bursting?
HSBC, Bank of China Hong Kong (BOC HK), Citi and many others have started offering rates as high as 2.7 per cent to lure deposits. Some analysts now believe zero rates for smaller depositors could soon become a thing of the past, at least for the ... ( read original story ...)
As bitcoin world wobbles, mining rig company plans $2 billion IPO
But the effects of bitcoin’s volatility and rising mining costs can be seen in the shops of Sham Shui Po, just a few kilometres from Hong Kong’s central business district, where the IPO has been filed. Businesses selling mining rigs there said demand ... ( read original story ...)
Case Study: PRADA’s Hong Kong IPO
Having already seen four previous attempts at an IPO thwarted by the post 9/11 market gloom and the 2008 global financial crisis, PRADA, the Italian family-owned luxury goods and fashion powerhouse and its leaders were acutely aware that floating company ... ( read original story ...)
Sichuan spicy hotpot chain Haidilao prepares for Hong Kong IPO
Haidilao International Holding, considered China’s most popular Sichuan-style hotpot restaurant chain, has filed to launch an initial public offering (IPO) in Hong Kong. Founded in 1994 by its current chairman Zhang Yong – a former welder and tractor ... ( read original story ...)