Shares of Shanghai-listed Citic Securities, China’s largest brokerage firm, fell by 9.1 percent on Monday after rumors the company had suffered a large 2.9 billion yuan ($460 million) loss on overseas trading. But a spokesperson for the company denied the rumors.
Ritesh Maheshwari, MD, Financial Services Ratings for Asia-Pacific, Standard & Poor's discusses how Asia Pacific banks are expanding their presence in the region.
London Metal Exchange shareholders voted on Wednesday to accept the $2.2 billion takeover offer by Hong Kong Exchanges and Clearing (HKEx), which will give the commodities trading platform further access to China, but one analyst says the deal is “a potential disaster” for the Hong Kong Exchange.
This may not be the best time to look for a job, but in China employment prospects seem bright with multinational corporations (MNCs) looking to increase staff even as the global economic uncertainty forces firms across Asia to hold back, says a survey published Tuesday.
Last year, the Honduran Congress passed a constitutional amendment allowing for the creation of special development regions. In theory, they would function as semi-autonomous city-states with their own governing charters and a degree of foreign oversight, the global Post reports.
Hong Kong’s residential property market, which has seen dramatic price gains over the past decade because supply has not kept up with demand, is set for a slowdown as the new administration comes good on its pledge to increase land supply for housing, says an industry expert.
Dickie Wong, Executive Director, Kingston Securities thinks the money laundering case against HSBC will place short term pressure on its share price, but he says the stock has room to pull back. He sees a settlement of the case as soon as the end of this month.
News that Sun Hung Kai’s billionaire co-chairmen have been charged for bribery has cast a pall over the stock and prompted a downgrade from Barclays on Monday, as investors continue to weigh the extent of the fallout from the scandal on Asia's largest developer.
What is the secret of a cartoon character that has been around for half a century? Old Master Q turns 50 this year and continues to be a popular read among many. We meet the son of the creator and the current artist behind the famous series, Caricaturist, Joseph Wong.
Fed meeting minutes are looming and Spain has a new austerity plan — it's time for your FX Fix.
The financial centres of New York and Hong Kong as well as China's growing wealth are just some of themes covered in Hong Kong's first independant movie, Supercapitalist. Producer, Writer and lead actor Derek Ting discusses how the movie came about and the challenges he faced in putting it together.
China said Tuesday that it would prohibit official banquets from serving shark fin soup, an expensive and popular delicacy blamed for a sharp decline in global shark populations. The NYT reports.
When Hong Kong returned to Chinese rule on July 1, 1997, there was no shortage of doomsayers who forecast that the former British colony would be stifled by rule from the mainland and that it would be reduced to ‘just another Chinese city.’
Kong Wah Lau, Vice-chairman, Democratic Alliance for the Betterment and Progress of Hong Kong says that the top priority of the newly elected Chief Executive C.Y. Leung is to address the affordability of public housing.
Hong Kong prepares to celebrate the 15th anniversary of its handover to China from British rule.
The euro steadies ahead of the summit and the British go shopping - it's time for your FX Fix.
Hong Kong has unseated London as the world’s most expensive place to take up office space, highlighting the growing appetite from banks to increase their presence in Asia, the FT reports.
U.S., European and Japanese companies have been building up blue-collar and back-office operations and representative offices in places like mainland China, Hong Kong and Singapore, reports the New York Times.
The wealth gap is widening in Hong Kong, according to new data from the city's Census and Statistics Department as the population ages rapidly and industries decline.
Malaysia is set to vault ahead of Hong Kong as Asia’s largest market for international initial public offerings with the planned flotation of shares in two massive government-linked companies defying a gloomy global listings environment. The FT reports.