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Latest Articles in hong kong

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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Hong Kong Residents Prone To PTSD Amidst Unsettling Circumstances

32 % were registered to show symptoms of PTSD in the past few months, anxiety disorder prevails after one goes through extreme traumatic circumstances.

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Hong Kong Posts Biggest Airport Passenger Number Fall In A Decade

There were falls of more than 12% in the three previous months, the Civil Aviation Department data showed.

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Hong Kong's Role In Global Finance Intact Despite Unrest: Fitch Ratings

Fitch now expects the economy to shrink by 1.5 per cent in 2019 with tourism, retail, hotels and catering, and air transport among the sectors most severely hit.

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Alibaba To Price Shares At HK$176 In Landmark $12.9 Billion Hong Kong Listing: Sources

Alibaba is due to officially price the deal later on Wednesday but three sources said investors had been told HK$176 was likely to be the end number.

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Alibaba Poised To Launch Record-Breaking $ 13.4 Bin Hong Kong Share Sale: Sources

The deal would be the world’s biggest cross-border secondary listing - will be seen as a boost for Hong Kong.

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Gold Rises As Concerns Over Trade Deal, Economic Slowdown Linger

Spot gold was up 0.3 per cent at USD 1,462.83 per ounce at 0614 GMT, while US gold futures were flat at USD 1,462.90 per ounce.

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AB Inbev Asia Unit Raises $5 Billion In World's Second-Largest 2019 IPO

AB InBev had cancelled a plan for a bigger initial public offering (IPO) of the unit in July that could have raised as much as $9.8 billion, citing "several factors, including the prevailing market conditions".

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Xiaomi Plans $1.5 billion Buyback To Arrest Stock Tumble

Shares of Xiaomi, which listed in Hong Kong last year, have lost nearly a third of their value this year and are at half their initial public offering price, hurt by the company's sharply slowing growth and increased competition.

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