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Latest Articles in hong kong

Hong Kong Lines Up MSCI Derivatives Launch Amid Doubts On City's Future

SGX shares, suspended in the morning session, fell 10% on resuming trading, their sharpest one-day fall since 2008 and were down 11.8% by mid-afternoon,

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Global Markets: Hong Kong Leads Asian Shares Lower As Beijing Readies New Security Law

Hong Kong's Hang Seng index fell 3.7% to a seven-week low, helping to pull down MSCI's broadest index of Asia-Pacific shares outside Japan 1.2%.

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Hong Kong To Start Relaxing Social Distancing Measures From Friday

Hong Kong residents, however, will only be allowed to gather in groups of maximum eight people starting Friday.

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Coronavirus Pushes Hong Kong Economy Into Deepest Contraction On Record In First Quarter

The economy shrank by a seasonally adjusted 5.3% in January-March from the previous quarter, versus a revised 0.5% in October-December

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India Foreign Investment Rules Aimed At China To Include Hong Kong

Indian government data showed that between April 2000 and December 2019, foreign direct investments from China stood at $2.3 billion and $4.2 billion from Hong Kong.

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Cathay Pacific To Close US Cabin Crew Bases, Laying Off 286 Staff

Cathay said it was exploring all available options to ride out the storm and doing all it could to preserve cash.

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HSBC HK Shareholders Mull Legal Action Over Dividend Suspension

HSBC and other top British banks on Wednesday announced the suspension of dividend payouts after pressure from the regulator to save their capital as a buffer against expected losses from the new coronavirus crisis.

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Coronavirus Cases Outside Of China Exceed 12,600: WHO

The WHO, in its new coronavirus disease situation report, said that the number of confirmed cases outside of China had risen by 2,103 to 12,668 in 76 countries.

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Hong Kong Banks Face Coronavirus Toll On Asset Quality, Loan Growth

Hong Kong banks have Asia's largest exposure to China, which accounted for 29.4% of banking system assets in the first half of last year, credit ratings agency Fitch says.

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Hong Kong's Nov-Jan Unemployment Rate Rises To 3.4%, Highest In Three Years

Hong Kong's economy contracted for the first time in a decade in 2019 as violent anti-government protests and the Sino-U.S. trade dispute took more steam out of the economy.

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L'Oreal Rallies As Sales Increase Offsets China Concerns

The company's shares were up around 3.4% in early trading on Friday after L'Oreal reported late on Thursday that fourth-quarter revenue had risen 11.4% to 7.9 billion euros ($8.7 billion).

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Burberry Says Coronavirus Hurting Luxury Demand

Shares in Burberry fell nearly 5% in early trading on Friday and were down 2% by 0845 GMT, leaving them 15% off their January peak.

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Hong Kong Recession Deepens As Virus Outbreak Darkens Outlook

The economy shrank by a seasonally adjusted 0.4% in October-December from the previous quarter, versus a revised 3.0% contraction in July-September.

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Travel Bans In Virus-Hit China Jeopardise Auditing Deadlines

A total of 1,241 mainland-headquartered companies were listed on the stock exchange of Hong Kong at the end of December, and many other Hong Kong-listed companies have substantial operations on the mainland.

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Hong Kong Exchange Fund's 2019 Investment Income Rises To Second-Highest On Record

The HKMA is the key manager of the Exchange Fund, which is under the control of the financial secretary and invests in equities, bonds, foreign exchange and other securities and assets.

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