Hong Kong

Trust Issues - Singapore learns hard lessons about China

Trust Issues - Singapore learns hard lessons about China

Hong Kong, Nov.29 : China has been making significant diplomatic inroads into degrading American influence in the Asia-Pacific region, particularly with the Philippines and Malaysia.

However, there are reasons why countries should be cautious about spurning erstwhile supporters like the U.S.A. and moving into the "loving" embrace of China.

On 5 November, Malaysia surprised many by signing on the dotted line for four Littoral Mission Ships for the Royal Malaysian Navy. Cost was touted as a major factor in the decision to buy from China, but it also reflected geopolitical realities.

Besieged Prime Minister Najib Razak, under fire at home and abroad for implication in the 1MDB funding scandal, boasted of a "comprehensive strategic partnership" between the two countries.

PV Sindhu to take on Taiwan's Tai Tzu Ying in Hong Kong Open final

PV Sindhu to take on Taiwan's Tai Tzu Ying in Hong Kong Open final

Kowloon [Hong Kong], Nov. 27 : Ace Indian shuttler PV Sindhu will today take on Chinese Taipei's Tai Tzu Ying in the final of the women's singles event of the Hong Kong Open Super Series tournament.

The Rio Olympic silver medallist yesterday Hong Kong's girl Ngan Yi Cheung in straight sets to enter her second straight Super Series final.

The ace Indian shuttler defeated Yi Cheung, who had defeated Saina Nehwal in the quarterfinals last evening, 21-14, 21-16 in the last four-match that lasted 46 minutes.

Meanwhile, fourth seed Tai Tzu Ying would also be brimming with confidence after defeated World number one and defending Hong Kong Open champion Carolina Marin 21-17, 14-21, 21-16.

China has blocked tributary leading to Assam's Brahmaputra river: Xinhua report

Hong Kong, Oct.2 : China has reportedly taken a step aimed at cautioning India against moving too far in its tussle with Pakistan.

According to a report appearing in the state-owned Xinhua news agency, China has blocked a tributary of the Brahmaputra river as part of a major hydroelectric project, whose construction began in 2014.

The Xinhua report has reported the blockage of a tributary of the Yarlung Zangbo river.

The Brahmaputra in its upper reaches is called Yarlung Zangbo, after it originates from the Angsi glacier in western Tibet, southeast of Mount Kailash and Mansarovar Lake.

Nissan unveils taxi convenient for disabled persons

Nissan NV200Hong Kong/Tokyo, Dec 26 : Taxis are convenient daily transportation for the citizens in Hong Kong.

About 18,000 taxis operating in the city are sedan type vehicles having limited trunk space.

This makes it difficult for wheelchair users.

Nissan Motor recently unveiled a new generation taxi for Hong Kong.

It offers an innovative functional cabin that unites comfort with hospitality.

Shiro Nagai, a senior manager (Communications) with Nissan Global Co., Ltd., said, "This NV200 will make an important contribution to Hong Kong society, and providing mobility to all people in Hong Kong."

The new taxi offers barrier-free access to users realized by a universal design layout.

Alibaba's IPO biggest ever globally after additional shares sold

AlibabaHong Kong: Alibaba Group Holding Ltd and some of its shareholders have sold an additional 48 million shares, a source with direct knowledge of the deal said on Monday, making its IPO the biggest-ever globally at a value of $25.03 billion.

The move comes after the stock surged 38 percent in its debut on Friday as investors jostled for a piece of the e-commerce company.

Alibaba and several shareholders initially sold 320.1 million American Depositary Shares in its offering, which priced at $68 each last week. Underwriters had the option to sell additional shares from Alibaba, Yahoo Inc and Alibaba co-founders Jack Ma and Joe Tsai, according to the IPO prospectus.

Gold price opens lower in Hong Kong

Gold price opens lower in Hong KongHong Kong, May 29 - The gold price in Hong Kong went down 60 HK dollars to open at 11,660 HK dollars per tael Thursday, according to the Chinese Gold and Silver Exchange Society.

The price is equivalent to $1,262.92 a troy ounce, down $6.50 at the latest exchange rate of $1 against 7.75 HK dollars, reported Xinhua. (IANS)

Gold price opens higher in Hong Kong

Gold price opens higher in Hong KongHong Kong, May 23 - The gold price in Hong Kong went up 10 HK dollars to open at 12,000 HK dollars per tael Friday, according to the Chinese Gold and Silver Exchange Society.

The price is equivalent to $1,298.08 a troy ounce, up $1.08 at the latest exchange rate of $1 against 7.761 HK dollars. (IANS)

Gold price opens higher in Hong Kong

Gold price opens higher in Hong KongHong Kong, May 13 - The gold price in Hong Kong rose 80 HK dollars to open at 12,040 HK dollars per tael Tuesday, according to the Chinese Gold and Silver Exchange Society.

The price is equivalent to $1,304.08 a troy ounce, up $10.32 at the latest exchange rate of $1 against 7.75 HK dollars, reported Xinhua. (IANS)

Gold price opens lower in Hong Kong

Gold price opens lower in Hong KongHong Kong, April 29 - The gold price in Hong Kong went down 46 HK dollars to open at 12,020 HK dollars per tael Tuesday, according to the Chinese Gold and Silver Exchange Society.

The price is equivalent to $1,301.91 a troy ounce, down $4.98 at the latest exchange rate of $1 against 7.75 HK dollars. (IANS)

Gold price opens higher in Hong Kong

Gold price opens higher in Hong KongHong Kong, April 15 - The gold price in Hong Kong went up 10 HK dollars to open at 12,290 HK dollars per tael Tuesday, according to the Chinese Gold and Silver Exchange Society.

The price is equivalent to 1,331.16 US dollars a troy ounce, up 1.08 dollars at the latest exchange rate of 1 US dollar against 7.75 HK dollars, reported Xinhua. (IANS)

Alibaba chooses U.S. stock exchange over HK

AlibabaChina's leading e-commerce site, Alibaba Group has said that it is planning to launch an initial public offering (IPO) at a U. S. stock exchange instead of the Hong Kong Stock Exchange.

Alibaba Group is aiming to raise up to $15 billion in the biggest initial public offering since Facebook. The company announced its decision to get listed in the US, following uncertainty over an initial public offering in Hong Kong. Alibaba Group Holding has said that it has concluded talks with the Hong Kong stock exchange without success.

Alibaba concludes talks with HK exchange over IPO without success

Alibaba concludes talks with HK exchange over IPO without successAlibaba Group Holding has said that it has concluded tis talks with the Hong Kong stock exchange without success.

Chinese shares fall over recovery concerns

Chinese shares fall over recovery concernsShare markets in China and Hong Kong continued to fall on concerns that the world's second largest economy has only made a fragile recovery following contrasting manufacturing surveys and tightened monetary supply in the economy.

LNV Technology signs JV with Hong Kong-based Sinoma

V-C-RaoIndian cement equipment maker LNV Technology has entered into a joint venture (JV) deal with the Hong Kong's Sinoma International Engineering Co Ltd. and Thailand's LVT to increase the local manufacturing of products.

As part of the deal, Sinoma will hold 68 per cent equity in LNV Technology for Rs 130 crore, while each of LNV Technology's Managing Director V C Rao and Thailand's LVT will hold 16 per cent equity in the company.

Mr. Rao said that the deal would enable the company to expand the local manufacturing of cement equipment products at international quality standards and lower prices, which would benefit customers.

CSI300 fell 0.5 percent on Friday

CSI300 fell 0.5 percent on FridayMainland China shares have fallen from its highest point in four months following weaknesses in some sectors including the resource sector.

The CSI300 of the top Shanghai and Shenzhen have fallen 0.5 percent on Friday. However, the index has risen 0.7 percent during the week to 2,372 points. Meanwhile, the Shanghai Composite Index fell 0.7 percent on Friday while it rose 0.1 percent this week. The two indices have recorded gains in the previous three weeks as the Chinese economy recorded healthy signs of recovery.

HK regulators investigating UBS over new interest rate rigging scandal

HK regulators investigating UBS over new interest rate rigging scandalFinancial authorities in Hong Kong have said on Thursday that they are investigating Swiss bank UBS over possible wrongdoing related to the Asian financial centre's benchmark interest rate.

Hong Kong markets close higher

Hong Kong markets close higherHong Kong market closed higher today after the refiners recorded strong gains due to lower oil prices in the international markets. Hong Kong's Hang Seng Index rose 32.12 points to 21,799.97 after it touched a low of 21,687.88 in the morning.

Onshore China shares increased and led the gains in Hong Kong. The gains in the Chinese telecommunication stocks and turnover in Hong Kong helped in boosting the index. The China Enterprises Index of the top Chinese listings closed 0.6 percent higher following a rebound.

CLSA Mauritius Ltd to offloaf its entire holding in Apollo

CLSA Mauritius Ltd to offloaf its entire holding in ApolloAn arm of Hong Kong-based brokerage CLSA is reportedly going to sell its entire 6.15 per cent holding in Chennai-based Apollo Hospitals Enterprise through a block deal.

A source with direct knowledge of the developments at the brokerage revealed that CLSA Mauritius Ltd will offload its entire holding in Apollo by selling 8.55 million shares in a price range of Rs 824-876.6 per share, pocketing Rs 705 to Rs 750 crore.

Hong Kong to surpass London as a larger financial centre

Hong Kong to surpass London as a larger financial centreAccording to estimates, the number of people employed in the financial sector in Hong Kong will surpass those in the British capital, London in the next three years.

A latest round of job cuts will push London to third place in the global rankings of financial centers. Hong Kong is expected to employ 248,000 financial services workers by 2015 compared to 237,000 in London. This indicates a major shift in the global financial industry from west to the east.

Hong Kong, China shares continues to fall

Hong Kong, China shares continues to fallThe stock markets in Hong Kong and China continues to fall for the third day pulled down by the country's banking and property sector after report in state-controlled media indicated that the that bad loan ratios of China's leading banks might rise three times this year.




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