Company Overview and News
Interest rates in Hong Kong are rising for the first time since they were slashed following the global financial crisis. The benchmark Hong Kong interbank offered rate (Hibor) hit nine-year highs last week, and analysts expect commercial banks will change their prime rates for the first time since 2008 in the first quarter next year. (35-0)
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (7-0)
A period of elevated Hibor rates will likely trigger a rise in prime lending rates, analysts say (12-0)
HSBC, the largest bank in Hong Kong, will cut the management fees charged for its Mandatory Provident Fund schemes from December 1, with the fees for some constituent funds set to fall by 27 per cent.
BEIJING/HONG KONG (Reuters) - Embattled China Huishan Dairy Holdings has come to an agreement with most of its Chinese creditors to restructure its crippling debt, which has reached at least $5.76 billion according to an unreported restructuring plan seen by Reuters. (2-0)
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (2-0)
Moody’s Investors Service on Tuesday upgraded HSBC China’s baseline credit assessment (BCA) to baa2 by one notch, citing its lower-than-average bad loan ratio and strong capitalisation, while also (6-0)
Standard & Poor’s Global ratings announced Thursday morning that it has lowered its long-term rating on China’s sovereign debt from AA− to A+ with a stable long-term rating. The ratings agency also lowered its transfer and convertibility risk assessment from AA− to A+. (6-0)
NEW YORK(Reuters) - Pop quiz: What percentage of long-term stock market returns are thanks to the humble dividend? Five? 10? 20? (43-0)
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.
The Hang Seng China Enterprises Index, the benchmark that’s been tracking the performance of Chinese companies on the Hong Kong bourse since 1994, will get a major makeover, adding 10 additional private enterprises to double its coverage to half of the capitalisation of all Chinese companies traded in the city.
Margin trading has risen to a three-month record in mainland China, as traders borrowed more funds from brokerages to finance their transactions and ride a rally in raw material stocks, such as aluminium producers and steelmakers.
The Hong Kong dollar fell to an 18-month low on Monday, approaching last year’s level which forced the city’s de facto central bank to defend the currency peg with the US dollar.
Hang Seng Bank on Monday reported its first half net profit rose 23 per cent to HK$9.84 billion (US$1.26 billion) after lower bad debts and improved market sentiment boosted fee income on stockbroking and fund sales.
Hong Kong’s stock market is likely to open higher on Monday as investors await what they expect to be solid results from the city’s marquee banks.
2017-12-11 - Wilton
2017-12-11 - Wilton
2017-12-03 - Wilton
2017-11-27 - Wilton