The expected improvement "is not reflecting better economic activity but resulting from a strong comparison base in Q1 in 2018 when the economy was strong," said Paul Tang, chief economist from Bank ... ( read original story ...)
Why China is looking to Shenzhen – and not Hong Kong – to reinvent its economic future
Shenzhen takes economic top spot – again – but Hong Kong is more liveable, study finds With China now locked in a trade war with the US, Beijing is banking on the hi-tech sector to spur development ... ( read original story ...)
Taiwan joins Asia digital banking push with three new online licenses
The FSC has no plan to issue more virtual bank licenses at the moment, it added. Across the strait in Hong Kong, the financial hub gave out eight new online-only banking licenses earlier this year to ... ( read original story ...)
Hong Kong stocks end higher ahead of Fed meet
SHANGHAI — Hong Kong shares closed higher on Tuesday as investors ... If implemented, it would be the central bank’s first rate cut in a decade. ** Also in focus were U.S.-China trade talks ... ( read original story ...)
Why China Has Chickened Out of Another Bank Seizure
On Sunday, Bank of Jinzhou Co., a small regional lender in the rust ... At this price, ICBC and Cinda could easily buy better assets: Hong Kong banks, for instance, are valued in the same neighborhood ... ( read original story ...)
Hong Kong-Based Financial Services Firm AMTD Sets Terms For $172M New York IPO
Hong Kong-based financial services firm and boutique investment bank AMTD International has set the terms for an initial public offering (IPO) on the New York stock exchange to raise US$172 million at ... ( read original story ...)
Hong Kong-Based Financial Services Frim AMTD Sets Terms For $172M New York IPO
Hong Kong-based financial services firm and boutique investment bank AMTD International has set the terms for an initial public offering (IPO) on the New York stock exchange to raise US$172 million at ... ( read original story ...)
Four associates of bookmaking ex-sergeant in Hong Kong police found guilty of laundering more than US$12.8m from illegal horse and football betting
The court heard the youngest So, being a taxi driver, had more than HK$11.4 million in his HSBC account while Lo, a sales manager, had HK$35 million in Bank of China. Retired detective Tsang kept HK$6 ... ( read original story ...)
BOC Aviation: 18 Aircraft Scheduled for Delivery in 1st Half Have Been Delayed
BOC Aviation said Tuesday that it received fewer than half of its planned new jets in the first half of the year, citing production problems at Airbus SE (EADSY) and the grounding of the Boeing 737 ... ( read original story ...)
Hong Kong Stock Market May Halt Its Slide On Tuesday
BOC Hong Kong declined 1.61 percent, Sands China sank 1.27 percent, CPC Pharmaceutical dropped 1.01 percent, China Petroleum and Chemical (Sinopec) shed 0.97 percent, CNOOC lost 0.91 percent ... ( read original story ...)
Hong Kong Stocks Succumb to Protests With Local Economy at Risk
The MSCI Hong Kong Index was little changed Tuesday even as stocks rallied across Asia. While Hong Kong’s financial markets had been surprisingly resilient, traders are losing faith as the violence ... ( read original story ...)
China’s Beijing Kunlun to revisit Grindr IPO
HONG KONG/NEW YORK — Chinese gaming company Beijing Kunlun Tech Co Ltd said on Monday it would revive plans for an initial public offering (IPO) of popular gay dating app Grindr Inc, after a U.S ... ( read original story ...)
IPO Update: AMTD International Proposes U.S. IPO Terms
Given AMTD’s volatile track record, an uncertain trading environment in Hong Kong, an intensifying competitive landscape, and pricey IPO valuation expectations, I'll be avoiding this IPO. ... ( read original story ...)
Hong Kong’s protests hurt business
CNN) - Hong Kong's most serious political crisis in more than 20 years is taking its toll on the economy and beginning to shake the confidence of international investors. Paul Chan, the top finance ... ( read original story ...)