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Cheung Kong, Hutchison shares jump in Hong Kong on business revamp
2015-01-12 08:08:10| Real Estate - Topix.net
Shares of Cheung Kong Holdings Ltd and Hutchison Whampoa surged on Monday after Asia's richest man Li Ka-shing announced a restructuring of his business empire, a move he said was aimed at creating better value for shareholders. The group said on Friday that the Hong Kong conglomerate will split into two listed companies, one focusing on property and the other on telecoms, retail and energy, in a bid to boost their value and attract more investors.
Asia Markets: Hong Kong market bounces back as Tencent, China Mobile rise
2015-01-07 11:27:49| Wireless - Topix.net
Hong Kong stocks closed higher on Wednesday, recovering from recent losses, with index heavyweights Tencent Holdings and China Mobile among the top performers. was up 3.7%, as reports said WeBank, partly funded by Tencent, is on track for a trial opening later this month as the first Internet-based private bank.
Tags: back
china
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Asia Markets: Hong Kong market bounces back as Tencent, China Mobile rise
2015-01-07 10:37:34| Telecom - Topix.net
Hong Kong stocks closed higher on Wednesday, recovering from recent losses, with index heavyweights Tencent Holdings and China Mobile among the top performers. was up 3.7%, as reports said WeBank, partly funded by Tencent, is on track for a trial opening later this month as the first Internet-based private bank.
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china
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mobile
Companies tap Hong Kong share market for US$66b in best year since 2010
2014-12-31 00:41:48| IT Services - Topix.net
Companies sell US$65.7 billion in shares this year, while dim sum debt issuance soars to US$53.6 billion as mainland financial firms lead way Wang Jianlin, CEO of Dalian Wanda Commercial Properties, opens trading during the company's IPO at the Hong Kong stock exchange on December 23. Photo: AFP Hong Kong's equity market notched up its biggest year for fundraising since 2010, with companies netting US$65.7 billion, an increase of 41.2 per cent on last year, according to data from Thomson Reuters. Not far behind, the market for yuan-denominated, or dim sum, bonds reached US$53.6 billion, a year-on-year growth of 76.3 per cent, driven by mainland financial institutions as they raised capital for offshore operations.
Hong Kong property tycoon jailed
2014-12-23 06:35:02| BBC News | Business | UK Edition
Hong Kong property tycoon Thomas Kwok is sentenced to five years in jail and fined $64,440 (41,327) for corruption.
Tags: property
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hong kong
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