* Hang Seng index rises 1.10% to highest close since June 2018 * China Enterprises index HSCE rises 1.60% Feb 17 (Reuters) – Hong Kong stocks ended higher on Wednesday, marking the seventh straight session of gains and extending a bull run ahead of the reopening of mainland markets after the Lunar New Year break, with sentiment lifted by optimism …
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Chinese Gold Rush In Hong Kong – After Prices Slump China’s Consumption of Gold and Acquisition of Gold Mining Stocks Continues GoldandSilverNow
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Investors in the West might be losing interest in gold as a safe haven for their money, but physical demand for gold remains strong in Asia, where consumers with money to spend have seen recent price drops as a buying opportunity FT photo credit: MIKE CLARKE/AFP/Getty Images
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THE use of the yuan worldwide surged to a record high in December partly due to increased yuan deposits in Hong Kong, a report showed yesterday. The monthly indicator that tracks the globalization of the yuan, compiled by the Standard Chartered Bank, jumped 2.8 percent, the largest since August 2012, to 748 in December from November’s 728 partly due to …
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Hong Kong is an economically sustainable model for Asia, with “one of the best liveable environments in the world”, says Dr Kenneth DeWoskin, Director of Deloitte China Research and Insight Centre. Ahead of the Asian Financial Forum 2012, Dr DeWoskin believes the Rmb gives Hong Kong a competitive advantage and its marketisation “has reached an equilibrium”. Speaker: Dr Kenneth DeWoskin, …
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Singapore is poised to become the Asian centre for synthetic exchange-traded funds, stealing the spotlight from Hong Kong as regulators there become increasingly stringent, according to a report by advisory firm Celent. The report, published Thursday, highlighted the changing regulatory landscape in Hong Kong and said tougher rules governing synthetic funds in Asia could stunt continued ETF growth in the …
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The specialist steelmaker will become the first company of size to list in Hong Kong this year. Chinese steelmaker Xiwang Special Steel has raised HK$1.33 billion ($171 million) from the first initial public offering of size in Hong Kong this year. Investors weren’t exactly rushing into the deal, though, and according to sources the stock was mainly bought by a …
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Retailers from Forever 21 Inc. to Gap Inc. (GPS) have rushed to Hong Kong to reach the 28 million Chinese tourists passing through last year. To do so, they are paying some of the world’s highest rents. Hong Kong retail rents, which rose 32 percent in prime locations last year according to Savills Plc estimates, may climb more even as global economies …
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