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  1. Opportunity knocks for Hongkong Post

    Posted Jun 23rd 2005, 12:00am by Louis Beckerling

    ... Louis Beckerling With a vast branch network already in place, offering full banking services should help boost revenues Hongkong Post is missing a golden opportunity to generate increased ... returns of 2.17 per cent. The infrastructure is in place for a similar move by Hongkong Post and with some 109 fixed outlets and a mobile service that takes its services to rural locations where ...

  2. Fitch takes a dimmer view of Hongkong Bank

    Posted Mar 03rd 2012, 12:00am

    ... May Chan may.chan@scmp.com Credit rating agency Fitch has revised its view of Hongkong Bank to 'negative' from 'stable' yesterday, but retained the bank's long-term default rating. This comes a day after Fitch revised its view of the bank's parent HSBC to 'negative'. Hongkong Bank's dominant market position in the city was being ...

  3. Hongkong Electric to change name

    Posted Dec 07th 2010, 12:00am by Anita Lam

    ... Anita Lam The century-old Hongkong Electric Holdings is set to change its name in a strategic move to signify the growing contribution of its overseas business. The proposed new name, Power Assets Holdings, will be put to a shareholders' vote early next year. A spokeswoman said the change only affected the holding company while Hongkong Electric, the brand in use since ...

  4. Thai bank stocks leave HK peers looking expensive

    Posted Sep 29th 2005, 12:00am by Louis Beckerling

    ... resulting in lower loan demand and earnings. Or have those concerns been overblown, as may well be the case if the oil price spike unwinds itself with increased capacity coming on stream? ...

  5. City banks find plenty of takers for yuan accounts

    Posted Aug 06th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Tourists, businessmen and overseas Chinese nationals were among the first non-residents to open yuan deposit accounts with Hong Kong banks this week. Starting from Wednesday, in the latest move to support the city's bid t ...

  6. Utilities off the hook in tariff row

    Posted Feb 09th 2012, 12:00am

    ... opposed to the move said it would hurt investor confidence and interfere with CLP Power and Hongkong Electric's business operations by pressing them to surrender sensitive information ... it reduced that to 7.4 per cent and later to 4.7 per cent. Hongkong Electric also cut its original proposed increase, from 8 to 6.3 per cent. The row was further escalated after Chief Executive ...

  7. HK Electric parent's profit up on UK assets

    Posted Jul 28th 2011, 12:00am

    ... Denise Tsang Denise.tsang@scmp.com Power Assets Holdings, formerly Hongkong Electric Holdings, is hunting for more overseas investments after recently acquired energy businesses catapulted ... by the Li Ka-shing Foundation. It was bought from Electricite de France last October for HK$70 billion. In Hong Kong, the earnings of Power Assets' electricity supply unit, Hongkong Electric, ...

  8. Hongkongers look across border to cash in on yuan

    Posted Mar 25th 2008, 12:00am by Fox Yi Hu, Martin Wong

    ... few minutes on Thursday, a day after Hong Kong lenders slashed deposit rates to as low as 0.01 per cent. Jonathon Lee, 50, was one of dozens of Hongkongers wanting to find out about yuan ... deposits in Hong Kong grew 7 billion yuan (HK$7.72 billion) in January to 40.4 billion yuan, but no statistics exist on the amount of yuan Hongkongers hold across the border. Various banks in Hong ...

  9. Hongkong Electric seeking further acquisition targets

    Posted Feb 17th 2009, 12:00am by Denise Tsang

    ... Denise Tsang Hongkong Electric Holdings will continue to hunt for acquisitions after buying stakes in three mainland power plants for HK$5.68 billion from its parent firm, managing ... was key to the future prospects of profit-challenged Hongkong Electric, Mr Tso said yesterday. However, he declined to comment on analysts' expectations that the deal would pave the way ...

  10. Increasing optimism for local, global economies sees rebound in confidence

    Posted Apr 17th 2012, 12:00am

    ... May Chan may.chan@scmp.com Investor confidence has rebounded since December, according to JP Morgan Asset Management's quarterly survey on investor sentiment. The JP Morgan Investor Confidence Index, designed to demonstrate local investor sentiment t ...




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