Tag Archive

BoCom Shares Fall in Hong Kong on First Quarterly Profit Drop (Bloomberg)

March 19, 2009 | BUSINESS

March 19 (Bloomberg) — Bank of Communications Ltd. , China’s fourth-largest lender by market value, dropped in Hong Kong after posting its first quarterly profit decline in almost three years as a slowing economy resulted in more provisions for bad loans. (read on…) Related items Hong Kong bankruptcy filings hit five-year high (Market Watch) Hong Kong’s Bank Stocks...
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HSBC Plunges Record 24% in Hong Kong on Late Trades (Update1) (Bloomberg)

March 10, 2009 | FINANCE

March 9 (Bloomberg) — HSBC Holdings Plc plunged the most in at least 23 years in Hong Kong, driven to a 13-year low by last-minute trades and concern about deepening loan losses at its U.S. business. (read the rest of the story…) Related items HSBC’s finance chief says bailout "unthinkable" (Channel NewsAsia) HSBC Shares Surge To Lead Hong...
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Today’s news: Threat to Global Supply, Economic Recovery?, More Loans for SMEs, Readjusted Stimulus Package, Animal … (Foreign Policy Blogs)

March 7, 2009 | NEWS

The weak link in global supply chains A report by Reuters (Hong Kong) Analyst Susan Fenton highlights the threat that bankruptcies among China’s small and medium-sized manufacturers pose to global supply chains. Chinese export manufacturers have been hit particularly hard by the global drop in demand, with a large numbers of them facing bankruptcy....
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BoJ holds rates steady and details policy initiatives (Market Watch)

February 19, 2009 | BUSINESS

The Bank of Japan kept interest rates unchanged at 0.1% Thursday and said it would expand fund-supplying operations, extend the deadline on its special loan program, and broaden other measures designed to inject money into the economy. (read on…) Related items BoCom Shares Fall in Hong Kong on First Quarterly Profit Drop (Bloomberg) UPDATE 1-China money and credit...
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(AFX UK Focus) 2009-02-13 08:24 HK shares end up 2.4 pct, buoyed by China market (Interactive Investor)

February 14, 2009 | NEWS

HONG KONG, Feb 13 (Reuters) – Hong Kong shares ended 2.4 percent higher on Friday as blue chip stocks surged after a two-day slump on talk of a U.S. subsidy for mortgage loans, while Chinese counters tracked strong gains on the Shanghai bourse. The benchmark Hang Seng Index unofficially closed 316.43 points higher at...
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HK shares end up 2.4 pct, buoyed by China market (The Forex Market)

February 14, 2009 | NEWS

HONG KONG, Feb 13 (Reuters) – Hong Kong shares ended 2.4 percent higher on Friday as blue chip stocks surged after a two-day slump on talk of a U.S. subsidy for mortgage loans, while Chinese counters tracked strong gains on the Shanghai bourse. (read the story…) Related items (AFX UK Focus) 2009-02-13 08:24 HK shares end up...
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Hong Kong Negative-equity Home Mortgage Loans Quadruple (Fox News)

February 3, 2009 | NEWS

Hong Kong Negative-equity Home Mortgage Loans Quadruple (read the story…) Related items Hong Kong Stocks Rebound; HSBC, Bank Of Communications Rise (Fox News) Hong Kong Stocks Advance, Led by HSBC as Banking Concerns Ease (Bloomberg) Hong Kong seeks more Utah products (Deseret Morning News) HSBC Plunges Record 24% in Hong Kong on Late Trades (Update1) (Bloomberg) Latest News (TVNZ)
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Hong Kong Budget May Extend Home Loan Relief, Morning Post Says (Bloomberg)

January 30, 2009 | BUSINESS

Jan. 30 (Bloomberg) — Hong Kong’s government may extend the duration of tax relief for interest paid on home loans in next month’s budget, the South China Morning Post said today, citing people close to the city’s government it didn’t identify. (read on…) Related items BoCom Shares Fall in Hong Kong on First Quarterly Profit Drop (Bloomberg) Hong...
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Hong Kong’s Bank Stocks Advance, Commodities Shares Decline (Bloomberg)

January 14, 2009 | FINANCE

Jan. 13 (Bloomberg) — Hong Kong’s bank stocks rose after China urged financial institutions to “strictly control” the balances and ratios of their non-performing loans. (read the rest of the story…) Related items Hong Kong Stocks Rise; Banks Lead Advance on Earnings Outlooks (Bloomberg) Hong Kong Stocks Rise Fifth Day, led by Banks; Jiangxi Gains (Bloomberg) Hong Kong Stocks...
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Senior official: China mulls introduction of real estate investment trusts (People’s Daily)

January 6, 2009 | REAL ESTATE

China is considering introducing real estate investment trusts (REITs) to help increase financing channels for real estate developers, Qi Ji, vice minister of the Ministry of Housing and Urban-Rural Development told a press conference Tuesday. The move would help the country’s real estate developers raise money by means other than commercial bank loans, which...
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