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  • August 30, 2014
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  1. Business - Money - MARKETS

    Hong Kong's Exchange Fund turns around from loss to HK$50.5b gain in first half

    Posted Jul 30th 2014, 01:25am by Enoch Yiu

    ... and stocks. Last year, the fund suffered losses from bonds, Hong Kong stocks and foreign exchange. HKMA chief executive Norman Chan Tak-lam said in a statement yesterday that despite good results ... be prepared to take action to safeguard the market. Democrat legislator Sin Chung-kai, whose party has always called for using part of the Exchange Fund for social welfare measures, said its high ...

  2. Business - Money - MARKETS

    China's economic growth to fuel rally in H shares

    Posted Jul 31st 2014, 01:24am by Jeanny Yu

    ... (Holdings) added 2.2 per cent to finish at HK$150.40 while Sun Hung Kai Properties rose 3.2 per cent to HK$115.90. "Market sentiment on China has improved dramatically in recent weeks after ...

  3. Business - Money - MARKETS

    MPF reports average loss as analysts forecast more of the same

    Posted Apr 04th 2014, 01:14am by Enoch Yiu

    ... property market," said Joseph Tong Tang, executive director for Sun Hung Kai Financial. He said many pension funds seldom put money into IT stocks which performed the best in the first ...

  4. Business - Money - MARKETS

    Hong Kong bourse expected to 'open red' for Year of the Horse

    Posted Feb 03rd 2014, 04:11am by Enoch Yiu

    ... Commission chairman Carlson Tong Ka-shing will attend the ceremony, which is held to bestow blessings on investors and traders during the festival. Jeffrey Chan Lap-tak, chairman of the Hong Kong ...

  5. Business - Companies - MARKETS

    Chinese developer in via the back door

    Posted Jun 19th 2013, 12:00am by Sandy Li

    ... Group would buy a nearly two-thirds stake in the firm from its chairman, Richard Wong Chung Tak, for HK$863.1 million. The stock surged to an intra-day high of HK$1.25 when it resumed trading ...

  6. Business - Money - MARKETS

    HKMEx's demise a bonus for HKEx as it seeks to make most of LME buy

    Posted May 27th 2013, 12:00am by Enoch Yiu

    ... closure of HKMEx showed the difficulty of setting up a new exchange to trade commodities," said Joseph Tong Tang, executive director of Sun Hung Kai Financial. "It also shows that HKEx ...

  7. Business - Money - MARKETS

    Night trading off to slow start

    Posted Apr 09th 2013, 12:00am by Jeanny Yu, Enoch Yiu, Ray Chan

    ... a chunk of their clients to the ones who have joined night trading," said Patrick Lam Tak-ming, chairman of the Hong Kong Securities & Futures Employees Union. "Even the firms ...

  8. Business - Money - MARKETS

    Property firms take hit from rate rise

    Posted Mar 15th 2013, 12:00am by Ray Chan, Jeanny Yu

    ... banks raised mortgage rates by 25 basis points amid mounting risk in the property market. In response to the first rate rise in 18 months, Sun Hung Kai Properties, the world's largest ... much downside room ahead," Fong said. Stephen Sheung, the head of investment strategy at SHK Private, the high-net-worth client division of Sun Hung Kai Financial, said a "sector ...

  9. Business - Banking & Finance - MARKETS

    HKEx to reduce fees for trading stock options

    Posted Mar 21st 2013, 12:00am by Enoch Yiu

    ... in turnover last year. Turnover in stock options dropped 25 per cent to 56.08 million contracts last year from 74.33 million in 2011. Joseph Tong Tang, an executive director of Sun Hung Kai Financial, ...

  10. Business - Money - MARKETS

    More share placements may put pressure on Hong Kong market

    Posted Feb 06th 2013, 12:00am by Jeanny Yu

    ... and limited home supply. The Hang Seng property sub-index dropped 2.81 per cent, with index heavyweight Sun Hung Kai Properties closing 3.2 per cent lower at HK$121.3. Some fund managers said ...




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