Company Overview and News


Add 0011
to your dashboard

Headline News

Key rates are poised to rise in the first quarter, but what does this mean for Hong Kong borrowers?

2017-12-02 scmp
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)

Hong Kong Property Doom Doesn't Begin at 1% - Bloomberg Gadfly

2017-11-30 bloomberg
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)

Hong Kong money market rate hits nine-year high, pushing up mortgage lending rates

2017-11-28 scmp
A period of elevated Hibor rates will likely trigger a rise in prime lending rates, analysts say (12-0)

Mandatory Provident Fund fee cuts at HSBC to spark reductions in city and increase customers’ savings

2017-11-16 scmp
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.

Huishan Dairy, $5.8 billion in debt, wrangles creditor support

2017-11-02 in.reuters
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)

Hong Kong's Property Market Gets a 'Reality Check' - Bloomberg

2017-10-05 bloomberg
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 upgrades HSBC’s China unit on asset quality and strong capitalisation, revises outlook to stable from negative

2017-10-03 scmp
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)

S&P Cuts Credit Rating on China and Several of Country’s Top Banks

2017-09-21 247wallst
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)

YOUR MONEY-Three tips for smart dividend ETF plays

2017-09-21 reuters
NEW YORK(Reuters) - Pop quiz: What percentage of long-term stock market returns are thanks to the humble dividend? Five? 10? 20? (43-0)

Liar Loans Betray Lost Virtue of Commonwealth Bank of Australia - Bloomberg

2017-09-12 bloomberg
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.

Hang Seng adds private firms to raise H-share index’s appeal as benchmark for China investors

2017-08-17 scmp
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.

China’s margin trading rises to record as punters trade commodities on borrowed dime

2017-08-10 scmp
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.

Poorly performing Hong Kong dollar may trigger HKMA guidance

2017-08-07 scmp
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’s first half profit up 23pc on lower bad debt, improved market sentiment

2017-07-31 scmp
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 stocks set to rise as investors expect strong HSBC, Hang Seng Bank results

2017-07-31 scmp
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.