Search Results for 'Hong Kong'

China Banking Shares Rise on Reserve Ratio Cut: Hong Kong Mo...

Feb. 20 (Bloomberg) -- Chinese banking shares climbed after the central bank reduced the proportion of deposits they must set aside, cutting the ratio for the second time in three months to fuel lending and sustain economic growth. Ind [...]

Posted On : Feb, 20 2012 | Comments : 0

Hong Kong Banks Face Higher Credit Risks in Midterm, KPMG Sa...

Hong Kong banks’ credit quality may be at risk over the medium term because of short supply of the local currency caused by strong loan growth last year and rising yuan demand, KPMG LLP said. The city’s banks expanded their [...]

Posted On : Oct, 03 2011 | Comments : 0

Hong Kong banks slapped with credit warning

The Hong Kong Monetary Authority (HKMA) — the city’s de facto central bank — on Monday issued a circular to banks, saying it was “necessary” for the regulator to step up monitoring of the lenders’ busi [...]

Posted On : Apr, 12 2011 | Comments : 0

Banks’ Yuan Debt Costs 30% Cheaper in Hong Kong: China Credi...

Banks are paying about 30 percent less interest on yuan-denominated debt sold in Hong Kong than they pay in Shanghai as faster currency appreciation fuels overseas demand for the securities. The average yield in the city is 1.77 per [...]

Posted On : Oct, 20 2010 | Comments : 0

BOC Hong Kong Profit Warning May Signal Worsening Bank Outlo...

BOC Hong Kong (Holdings) Ltd.'s first warning of an earnings drop since its 2002 initial share sale may foreshadow more profit declines by the city's banks. BOC Hong Kong, the biggest bank by assets in the city, said yesterday parent Bank [...]

Posted On : Dec, 13 2008 | Comments : 0

Slowing U.S. Growth and Rising Oil Prices Cause Slump in Hon...

A downward revision of the 2008 U.S. economic forecast by the U.S. Federal Reserve, coupled with an upsurge in crude oil prices, has resulted in a slump in Hong Kong’s stocks. The current slump could see the key index going through it [...]

Posted On : Nov, 22 2007 | Comments : 0

Japan, Hong Kong advance after Wall Street boost

HONG KONG (MarketWatch) -- Asian markets surged Wednesday, boosted by a strong rebound on Wall Street overnight, with gains in Tokyo led by financials such as Mizuho Financial Group as well as exporters such as Nintendo Co. while Hong [...]

Posted On : Nov, 14 2007 | Comments : 0

Hong Kong shares rise 2.9 percent to record close

Hong Kong shares surged 2.9 percent Monday to set a fresh record close on expectations they will benefit from a new scheme to allow individual mainland Chinese investors to buy the city's shares. The blue chip Hang Seng Index rose 655.84 po [...]