Tag: hong
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Dollar-yuan becomes Hong Kong’s most-traded currency pair for first time
SHANGHAI, Aug 13 : The U.S. dollar-Chinese yuan has become the most-traded currency pair in Hong Kong, surpassing the Hong Kong dollar-U.S. dollar for the first time in April, the financial hub’s Treasury Markets Association said.• Average daily foreign exchange turnover in Hong Kong rose to $908.2 billion
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David Crowley defeats Francesca Hong in Wisconsin governor primary
Centrist David Crowley is projected to have beaten democratic socialist Francesca Hong, breaking a recent nationwide trend.
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Hong Kong June retail sales rise 4.6%, seem support from visitors growth
HONG KONG, Aug 4 : Hong Kong’s retail sales jumped 4.6 per cent in value in June from a year earlier to HK$31.5 billion ($4.02 billion), marking the 14th month of gains, government data showed on Tuesday.• In May, retail sales jumped 7.9 per cent on the year. • In volume terms, June retail sale
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HSBC restarts buybacks after rates and wealth boost H1 profit
HONG KONG/LONDON, Aug 4 : HSBC Holdings reported a better-than-expected first-half profit and raised its net interest income target, driven by revenue growth in lending and wealth management fee earnings on robust money flows.Europe’s largest bank posted a pretax profit of $19.5 billion for the first six mont
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CSOP adopts flexible leverage for Samsung, SK Hynix ETFs amid volatility
HONG KONG, July 28 : Hong Kong’s CSOP Asset Management announced it will adopt a flexible leverage framework for 12 exchange-traded funds (ETFs), including those tracking Samsung Electronics and SK Hynix, after the city’s securities regulator adjusted rules in an effort to smooth market volatility.** Effectiv
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Wu Chi-wai: Hong Kong activist allowed to stay in UK after deportation threat
Wu was detained for hours at London’s Heathrow Airport last week and refused entry, he told the BBC.
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Southern China drenched as Typhoon Noul makes landfall
Typhoon Noul brought heavy rain and gale-force winds across Guangdong province and neighbouring Hong Kong.
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Hong Kong eases listing thresholds to draw more IPOs
July 24 : Hong Kong’s stock exchange on Friday made it easier for companies to go public in the Asian financial hub, lowering thresholds for firms with dual-class share structures and broadening access to confidential IPO filings.The reforms, which take effect immediately, follow a market consultation that re
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Hong Kong adjusts rules for leveraged and inverse ETFs as trading boom fuels volatility
HONG KONG, July 24 : Hong Kong’s securities regulator moved on Friday to smooth volatility in the booming market for leveraged and inverse exchange-traded products by giving issuers more flexibility to adjust the leverage factor during turbulent trading while requiring clearer daily disclosure for investors.
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Malaysia, Hong Kong securities regulators agree to ease dual IPO listings, strengthen collaboration
KUALA LUMPUR, July 23 : Malaysian and Hong Kong securities regulators signed a memorandum of understanding on Thursday aimed at facilitating dual initial public offering (IPO) listings in both countries, as well as collaborating on the mutual recognition and cross listing of covered funds. The deal, which wo
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