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Hong Kong Regulator Says Former Deutsche Bank Trader Violated Code of Conduct
The Securities and Futures Commission said late Tuesday a former trader at Deutsche Bank AG violated the regulator's code of conduct, which resulted in a sudden fall in the price of HSBC Holdings PLC's (0005.HK) Hong Kong-listed shares four years ago.The regulator's statement follows a multi-year investigation that aimed to uncover whether there was any market manipulation ...
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Hong Kong shares slide in storm-shortened trade China tepid
Wed May 22, 2013 5:16am EDT * HSI -0.5 pct, H-shares -0.3 pct, CSI300 +0.1 pct * Rainstorm forces cancellation of morning HK trade * China power producers slump again, hit by Citi downgrade * China autos lifted by reported strong May sales, subsidies extension By Clement Tan HONG KONG, May 22 (Reuters) - Hong Kong shares fell further from 3-1/2-month highs on Wednesday and mainland China markets ...
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Sinopec Engineering shares jump ahead of Hong Kong debut
HONG KONG | Wed May 22, 2013 4:40am EDT HONG KONG May 22 (Reuters) - Sinopec Engineering (Group) Co Ltd gained as much as 8.6 percent in gray market trading on Wednesday, underscoring expectations the stock will climb in its official debut on the Hong Kong stock exchange on Thursday. Shares of Sinopec Engineering traded as high as HK$11.40, up from the IPO price of HK$10.50, according ...
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Central Oasis ready in 2020
The first phase of the proposed Central Oasis project to revitalise the former Central Market is expected to be completed by 2017-18, while the whole project will be completed by 2019-20.Secretary for Development Paul Chan made the statement to lawmakers today, saying the project is two years behind the original plan. The new dates are subject to Town Planning Board approval."Apart from ...
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Hang Seng Shanghai close lower
(1 min ago) Stocks in Hong Kong closed down 0.45 percent despite a strong lead from Wall Street, as dealers awaited testimony by US Federal Reserve chairman Ben Bernanke on the economic outlook. The benchmark Hang Seng Index lost 105.29 points to 23,261 on turnover of HK$52.41 billion. Trading began in the city todat at 1pm after a delay over a severe rainstorm warning. Stocks in Shanghai ...
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Hong Kong shares close down 0.5 pct Chinese power producers weak again
HONG KONG | Wed May 22, 2013 4:08am EDT HONG KONG May 22 (Reuters) - Hong Kong shares fell further from a 3-1/2-month high on Wednesday, with Chinese power producers extending losses, hit by a Citi downgrade on fears that a possible tariff cut could hurt profit margins. The Hang Seng Index closed down 0.5 percent at 23,261.08 points, its second loss after ending Monday at its highest ...
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ExCo suspension justified CE
Chief Executive CY Leung has reiterated that the suspension of the Executive Council's weekly meeting yesterday was due to no items being on the agenda, and the decision was made a week ago. It had nothing to do with the matter relating to Barry Cheung.Mr Leung made the statement to the media today before attending a ceremony.He said the Executive Council has met often, and its meetings ...
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Heavy rain puts Hong Kong on hold
/enpproperty--> HONG KONG - Hong Kong had been affected by heavy rain on Wednesday morning, with more than 20 cases of flooding reported, and schools and public services on halt. The city's observatory issued black rainstorm warning at around 4 am local time which had been in force for over five hours. More than 150 mm of rainfall were recorded over many parts of the territory. A total ...
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Hong Kong Disneyland unveils new attraction
Mystic Manor, the final chapter of Hong Kong Disneyland's current expansion project officially opened on May 17, 2013 to attract large numbers of tourists. [Photo: Xinhua] Mystic Manor, the final chapter of Hong Kong Disneyland's current expansion project officially opened recently, attracting large numbers of tourists. Featuring one of the most sophisticated systems ever built by ...
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Hang Seng positive after delayed start
(29 mins ago) Stocks in Hong Kong opened up 0.18 percent after the start of trading was delayed by a severe rainstorm warning, and following a strong lead from the US and Europe. The benchmark Hang Seng Index rose 41.03 points to 23,407.4 in the first minutes of trade, with the market awaiting testimony to Congress from US Federal Reserve chief Ben Bernanke later in the ...
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Hong Kong opens up 0.18 after rains
HONG Kong stocks have opened up 0.18 per cent after the start of trading was delayed by a severe rainstorm warning, and following a strong lead from the US and ...
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Hong Kong stocks rise after storm-delayed start
HONG KONG (MarketWatch) -- Hong Kong stocks overcame tentative early trade to edge higher Wednesday, with property developers and Chinese banks rising in the wake of strong global and regional cues to offset losses for heavyweight HSBC Holdings PLC. The Hang Seng ...
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Road cave-in kills five people in China
A road in south China's Guangdong province caved in, killing at least five people, authorities said. The incident Tuesday occurred at the Huamao industrial park in Shenzen, a major city in the province in the southern tip of mainland China. Guangdong, adjacent to Hong Kong and Macau, has been hit by major flooding caused by heavy rainstorms that have claimed at least 33 lives. At the road ...
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Study says India Jordan Bangladesh Hong Kong worlds most racially intolerant
INDIA, Jordan, Bangladesh and Hong Kong are among the the most racist countries in the world - but Britain is among the most accepting of different races, a survey has found. The World Values Survey asked people in more than 80 countries what type of people they did NOT want as neighbours. More than 40 per cent of those quizzed in India, Jordan, Bangladesh and Hong Kong said they didn't ...
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Hospital apologises for transplant mismatch
Queen Mary Hospital has apologised for an incident in which a blood type mismatch was made, the Hospital Authority reported today.The incident involves a 58-year-old female patient with critical end-stage heart failure who received a heart transplant at the hospital yesterday.After the operation, it was found that the blood type of the patient (A) did not match that of the donor (AB).The patient ...
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China Galaxy soars 11 pct in debut after $1.1 bln Hong Kong IPO
HONG KONG | Wed May 22, 2013 1:12am EDT HONG KONG May 22 (Reuters) - China Galaxy Securities Co Ltd rose as much as 11.3 percent in its trading debut on Wednesday after raising $1.1 billion in a Hong Kong IPO, underscoring a surge in retail investors' demand for new listings in the city. The debut of China's seventh-biggest brokerage, and that of Sinopec Engineering (Group) Co ...
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Hong Kong probes commodities market
Hong Kong Mercantile Exchange, which trades commodities, is being probed by the police and market regulators over alleged financial irregularities. The Securities and Futures Commission initiated an investigation of the two-year old market on 15 May, before referring the case to the police. On Monday, the bourse shut down because it lacked sufficient trading revenues and returned its operating ...
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Press Digest - Hong Kong - May 22
HONG KONG | Tue May 21, 2013 11:53pm EDT HONG KONG May 22 (Reuters) - These are some of the leading stories in Hong Kong newspapers on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. SOUTH CHINA MORNING POST -- Hong Kong's commercial crime bureau arrested three men on Tuesday after it was asked by the Securities and Futures Commission to take ...
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Bonhams Hong Kong shines the spotlight on exquisite Chinese literati objects at its 2013 spring auctions
Bonhams Hong Kong will be offering Objects of Refined Virtue: A Private Collection of Scholars Objects, a single-owner collection of 45 fine and rare Chinese works of arts originally commissioned for the Imperial court and literati elite. The collection maintains a high level of craftsmanship, including a diverse range of materials and subject matter, including fans painted by famous modern ...
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NZHong Kong Feature Film Eternity at Shanghai Film Fest
Wednesday, 22 May 2013, 2:12 pm Press Release: Joint Press Release 22 May 2013New Zealand/Hong Kong Feature Film Eternity Wins Official Selection to the 16th Shanghai International Film FestivalEternity, the feature film by New Zealand director Alex Galvin, has been officially selected into the 16th Shanghai International Film Festival (SIFF) which this year runs from 15-23 June ...
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Hong Kong to open for afternoon as rains ease
LOS ANGELES (MarketWatch) -- Hong Kong's stock market was due to open at 1 p.m. local time for the afternoon session after the Hong Kong Observatory dowgraded its rain warning to "amber" from "black," indicating easing rains. The morning session was cancelled due to the ...
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My Hong Kong with Johnson Chang and Yana Peel
1. My favourite place to relax in Hong Kong is...There is no worse enemy for relaxing than a hot and hip joint. I go to my two favourite restaurants, which have been around for ever (in life-span terms): the China Club (Old Bank of China Building, Central) and the Luk Yu tea house (Stanley Street, ...
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Heavy Rain in Hong Kong Delays Opening of Markets Offices
Hong Kong issued a "black" rainstorm warning, the highest level, because of rainfall expected to exceed 70 millimeters an hour, delaying the opening of the city's markets, offices and schools. ...
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Dow Jones industrial average posts 22nd high of the year
Federal Reserve presidents and sent the Dow Jones industrial average to its 22nd high of the year Tuesday. Regional Fed Presidents James Bullard ...
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Kerry Logistics Deploys Hybrids in Hong Kong
The vehicles operating in Hong Kong are using a combination of fuel and battery-powered electricity. For two years, the logistics service provider will operate three conventional trucks in parallel to the new hybrid trucks, and a research team from Hong Kong Polytechnic University will compare performance, diesel consumption, and maintenance cost of the two ...
Hong Kong Feature
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Electoral reform hot topic for Hong Kong
Hong Kong is going through more growing pains, perhaps even the most uncomfortable since the city was handed back to Beijing by Britain. Pro-democracy advocates want to be able to vote for the entire legislative council, a direct challenge to Beijing.
Hong Kong was handed back to China in 1997. At that time, Beijing made an agreement with Britain that under a law called the Basic Law, all the civil liberties which were existent in Hong Kong at the time of the hand over would remain in place for at least 50 years, by which time it is envisioned, by the pro-democracy camp at any rate, that the Special Administrative Region will be fully democratic at any rate. Read more
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