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  • Fraser Howie: Don't expect much from China's bond market opening

    China's central bank has surprised market watchers with a rapid-fire series of moves to liberalize the country's domestic bond market.A market link to allow trading by Hong Kong retail and institutional investors opened on July 1, just three and a h

    August 10, 2017 10:00 am JST
  • Uber stuck in neutral under Hong Kong taxi regime

    HONG KONG -- Uber Technologies' ride-hailing service is stalling in Hong Kong, cut off by taxi interests that wield heavy influence in local politics.Law enforcement authorities in May arrested 22 Uber drivers on suspicion of operating without a tax

    August 10, 2017 01:48 am JST
  • Decline in trades forces London Metal Exchange to rethink fees

    HONG KONG -- Hong Kong Exchanges & Clearing said Wednesday it will adjust the fee structure of the London Metal Exchange, which it purchased in 2012, in a bid to stem its trading decline.Still relying on an old-fashioned open outcry system to set pr

    August 10, 2017 01:07 am JST
  • Hong Kong's HKT hit with 7% fall in mobile subscribers

    HONG KONG -- Major Hong Kong telecommunications player HKT had a lackluster first half, with the company announcing on Wednesday that net profit rose 3% on the year to 2.4 billion Hong Kong dollars ($307 million) despite a 5% decline in revenue to H

    August 9, 2017 11:35 pm JST
  • Shares in Hong Kong's Wharf hit high on $29 billion spinoff

    HONG KONG -- Hong Kong commercial landlord Wharf Holdings has announced plans to spin off landmark assets worth $29 billion for separate listings, sending its shares up 14% to a record high on Wednesday.Wharf, a 58%-subsidiary of property developer

    August 9, 2017 11:31 pm JST
  • Hong Kong shares dragged by U.S. warning on North Korea while Wharf surges

    HONG KONG (Nikkei Markets) -- Hong Kong shares snapped a three-day rising streak Wednesday as U.S. President Donald Trump's warning to North Korea weighed on investor sentiment. The losses were tempered by Wharf Holdings, which surged to an all-time

    August 9, 2017 08:25 pm JST
  • Uni-President China shares spike 14% despite dip in revenue, profit

    HONG KONG -- Uni-President China Holdings, the mainland Chinese unit of Taiwanese food and beverage conglomerate Uni-President Enterprises, saw its share price spike up over 14% to reach a new year high during the morning trading session in Hong Kon

    August 9, 2017 02:45 pm JST
  • Hong Kong shares slide off 26-month peak as geopolitical woes surface

    HONG KONG (Nikkei Markets) -- Hong Kong shares retreated from 26-month highs as rising geopolitical tensions between the U.S. and North Korea sparked a flight to safety among investors.The Hang Seng Index shed 0.8% to 27,629.68 by midday. Mainland f

    August 9, 2017 02:44 pm JST
  • Hong Kong dollar hits 10-year low against greenback

    HONG KONG -- The Hong Kong dollar hit its weakest level against the greenback in a decade on Tuesday, as flush liquidity continued to curb Hong Kong money market rates and spurred carry-trades for the higher-yielding dollar and yuan.The local curren

    August 8, 2017 11:19 pm JST
  • China Jinmao expects 20% sales growth this year

    HONG KONG -- Chinese state-owned real estate developer China Jinmao Holdings Group expects to increase its contracted sales by 20% this year to 58 billion yuan ($8.66 billion), despite government measures to cool the red-hot property market.The comp

    August 8, 2017 10:32 pm JST
  • Asian global property investment hits record

    HONG KONG -- Asian investors are increasingly buying into bricks and mortar abroad, with real estate capital flows from the region hitting record highs in the first half of this year.Five of the 10 largest cross-border spenders globally are now from

    August 8, 2017 08:20 pm JST
  • Autos rev up alongside Tencent as Hong Kong shares hit fresh 26-month high

    HONG KONG (Nikkei Markets) -- Hong Kong shares rose for a third day as earnings optimism continued to spur blue-chip companies, with heavyweight Tencent Holdings and Chinese automakers pacing gains.The Hang Seng Index rose 0.6% to 27,854.91, its hig

    August 8, 2017 07:30 pm JST
  • McDonald's to open 2,000 more China stores by end-2022

    SHANGHAI (Reuters) -- McDonald's Corp will increase its number of stores in mainland China to 4,500 by the end of 2022, up from 2,500 currently, as part of a strategic partnership with Citic Ltd and the Carlyle Group, it said on Tuesday.The global f

    August 8, 2017 02:55 pm JST
  • Tencent, Geely climb, CLP slides as Hong Kong shares confined to range

    HONG KONG (Nikkei Markets) -- Hong Kong shares fluctuated within a narrow range Tuesday as investors appeared to pause before a slew of blue-chip companies announced their interim earnings reports.The Hang Seng Index added 0.1% to 27,722.70 by midda

    August 8, 2017 02:31 pm JST
  • Hong Kong's CLP says profits hard to find in Australia, China

    HONG KONG -- Regional electricity provider CLP Holdings said Monday trading conditions in Australia and China -- its two biggest markets outside Hong Kong -- remain tough after operations in those countries dragged down the company's bottom-line in

    August 7, 2017 10:57 pm JST
  • Sogo operator 'prudently optimistic' about Hong Kong retail

    HONG KONG -- Sogo department store operator Lifestyle International Holdings is "prudently optimistic" about the retail market outlook for the second half of the year on signs of recovery in the sector."We saw an increase of tourist arrivals in July

    August 7, 2017 09:54 pm JST
  • Trade, not politics: Orient Overseas defends Cosco takeover

    HONG KONG -- Hong Kong-based Orient Overseas Container Line blamed industry competition rather than political pressure on its decision to sell the half-century-old family business to a state-owned Chinese peer.The $6.3 billion takeover by Cosco Ship

    August 7, 2017 07:53 pm JST
  • Hong Kong shares revisit 26-month high on Tencent rally, China flows

    HONG KONG (Nikkei Markets) -- Hong Kong shares revisited a 26-month peak as heavyweight Tencent Holdings hit an all-time high and local equities continued to lure inflows from China.The Hang Seng Index rose 0.5% to 27,690.36, its highest close since

    August 7, 2017 07:32 pm JST
  • Hong Kong shares track U.S. equities higher as Tencent, China banks climb

    HONG KONG (Nikkei Markets) -- Hong Kong shares advanced Monday, poised to extend a four-week rising streak, after upbeat U.S. employment numbers helped spur Wall Street stocks on Friday.The Hang Seng Index added 0.4% to 27,666.15 by midday, adding t

    August 7, 2017 02:22 pm JST
  • Alibaba is finding new challenges in entering the Hong Kong market

    HONG KONG -- Having established a dominant position in its home market, Chinese e-commerce giant Alibaba Group Holding is now looking to boost its presence in Hong Kong, rolling out its Tmall retail website for local consumers and releasing a versio

    August 7, 2017 09:43 am JST