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22.08.25 - 09:48
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Hang Seng Bank′s CEO buys Tai Hang flat as city′s home prices rise (SCMP)
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The executive director and CEO of Hang Seng Bank has bought a home in Hong Kong's Tai Hang district, joining a growing coterie of financiers on the hunt for high-value residential property that has helped to drive the city's lived-in home prices to a five-month high.
A lived-in flat measuring 1,193 sq ft (110.8 square metres) at Flora Garden was handed over on Wednesday to Diana Ferreira Cesar, according to the Land Registry.
The unit was transacted for HK$26.6 million (US$3.4 million), or......
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22.08.25 - 05:30
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Research: M Stanley Lists Latest HK Focus List (Table) (AAStocks)
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StockAlibaba Group Holding (BABA.US)CHINA RES POWER (00836.HK)YANGTZE POWER (600900.SH)CATL (300750.SZ)* DUALITYBIO-B (09606.HK)ESPRESSIF (688018.SH)HKT-SS (06823.HK)HKEX (00388.HK)NARI (600406.SH)PETROCHINA (00857.HK)PICC P&C (02328.HK)SPRING AIRLINES (601021.SH)SUNNY OPTICAL (02382.HK)TENCENT (00700.HK)ZIJIN MINING (02899.......
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22.08.25 - 04:48
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Hong Kong stocks set for third weekly gain as all eyes on Fed meeting (SCMP)
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Hong Kong stocks rose on Friday as investors awaited the outcome of the US Federal Reserve's annual Jackson Hole meeting, while a JPMorgan report suggesting a rally in onshore Chinese stocks will continue acted as a catalyst.
The Hang Seng Index added 0.7 per cent to 25,275.02 at 9.50am local time, on track for its third consecutive weekly gain. The Hang Seng Tech Index rose 1.2 per cent. On the mainland, the CSI 300 Index added 0.5 per cent and the Shanghai Composite Index advanced 0.2 per......
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22.08.25 - 03:48
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Junior bankers get up to 30% pay rises in Hong Kong deals boom (SCMP)
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Citic Securities and other Chinese brokers are raising pay levels again for junior bankers in Hong Kong to boost retention and handle a jump in deal-making, according to people familiar with the moves.
China's biggest broker was raising pay at its Hong Kong CLSA unit, giving 15 per cent to 30 per cent bumps to about HK$75,000 (US$9,600) to HK$80,000 a month to select junior associates, the people said, asking not to be identified because they are not authorised to discuss compensation. The......
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21.08.25 - 12:06
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Bank of East Asia profits rise on robust wealth-management business (SCMP)
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Bank of East Asia (BEA), Hong Kong's largest family-owned lender, beat expectations with 14 per cent growth in its first-half net profit, as a robust wealth-management business offset an increase in bad debt from commercial real estate.
The bank recorded HK$2.41 billion (US$309 million) in net profit for the six months to June, or 86 HK cents per share, compared with HK$2.11 billion a year earlier, according to a stock exchange filing on Thursday. Analysts had expected 11 per cent profit......
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21.08.25 - 09:00
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K. WAH INT'L Slumps 6%+ as 1H NP Falls 25.9%, Interim Div. Halved (AAStocks)
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K. WAH INT'L (00173.HK) ended the midday (21st) up 0.83% at HKD2.43, but it turned south after its results were released. It last traded at HKD2.25, down 6.64%, with a volume of 2.681 million shares and a turnover of HKD6.2331 million.According to K. WAH INT'L's interim results, its turnover dropped by 13.3% YoY to H......
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