Hong Kong's economy shrank by 9.0% in the second quarter from a year earlier, the government said on Wednesday, as the coronavirus pandemic weighed heavily on consumer spending, trade and tourism in ... ( read original story ...)
Hong Kong Bourse Tipped To Open Under Pressure
BOC Hong Kong dropped 0.68 percent, AIA Group climbed 0.55 percent, Hong Kong &China Gas shed 0.37 percent, CSPC Pharmaceutical lost 0.26 percent, CNOOC advanced 0.23 percent, China Life Insurance ... ( read original story ...)
Hong Kong, China stocks climb; HSBC surges as investors buy shares beaten to record low as bank is dragged into Huawei fight
Wuxi Biologics, a Chinese drug maker, shot up after forecasting its net profit will jump by 58 per cent in the first half of the year from the same period last year. ( read original story ...)
Fund Scandal Was ‘Wake-Up Call’ for Noah’s Shadow-Banking Shift
Noah Holdings Ltd. was a poster child for the dangers lurking in China’s $8 trillion shadow banking system. Now it’s at the fore of a historic shift in Chinese asset management, one that policy makers ... ( read original story ...)
Hong Kong Council Adviser Says Account Closure Not Tied to Law
A top adviser to Hong Kong’s leader clarified that the closure of one of his U.S. bank accounts is unrelated to China’s new security law for the city. ( read original story ...)
Bankers Leaving Hong Kong Face Grim Job Markets, High Taxes
After several years weighing the pros and cons of leaving Hong Kong, Ms Lee is taking the plunge and moving to Canada. Though she has no job lined up, faces higher taxes and will have to endure harsh ... ( read original story ...)
Preparing for the worst, banks in Hong Kong reviewing client lists as US preps sanctions over national security law
For big banks ranging from Citigroup and Goldman Sachs to HSBC and Standard Chartered, a lot is at stake.If they are found to be doing business with blacklisted individuals, American lenders could fac ... ( read original story ...)
Squeezed by Superpowers, HSBC Eyes Next Step of Reboot
Caught in the crossfire between Washington and Beijing, HSBC Holdings Plc is fighting forces that threaten to upend a business built on connecting China to the West. ( read original story ...)
Hong Kong leader Carrie Lam’s top adviser has US bank account closed
Executive Council convenor Bernard Chan believes move was made because he is considered to be a ‘politically exposed person. ( read original story ...)
Hang Seng Index May Find Traction On Tuesday
Hang Seng Bank tumbled 1.45 percent, Power Assets Holdings spiked 1.42 percent, WH Group skidded 1.33 percent, AAC Technologies retreated 1.22 percent, Hong Kong & China Gas declined 1.09 percent, ... ( read original story ...)
Hang Seng Index, China stocks gain as Moderna launches large-scale vaccine trial in US in hunt to beat Covid-19
Hong Kong, China and elsewhere. The Hang Seng Index rose 1.1 per cent to 24,863.60 on Tuesday, following two straight sessions of losses and last week’s big reversals as US and China ratcheted up ... ( read original story ...)
Ant Group’s IPO Has Deep Implications For Alibaba
Chinese equity markets were seemingly impervious to the escalating tensions between the U.S. and China which saw the closure of a consulate in each of the two countries. ( read original story ...)
Bankers Leaving Hong Kong Face Grim Job Markets and Higher Taxes
After several years weighing the pros and cons of leaving Hong Kong, Ms Lee is taking the plunge and moving to Canada. Though she has no job lined up, faces higher taxes and will have to endure harsh ... ( read original story ...)
Hang Seng to Launch New Index of Benchmark-Beating Tech Stocks
A new index focused on China’s technology giants is set to give investors greater access to their growing dominance in Hong Kong’s market.The new index will track the 30 largest tech companies listed ... ( read original story ...)