Sunday, November 29, 2015   

HSBC updates report on HK outlook
(07-08 16:15)

Banking giant HSBC on Monday cut its investment outlook for Hong Kong, saying the planned Occupy Central civil disobedience campaign in the territory could sour relations with the mainland and hurt the city's economy.
In an updated version of the report published today, the lender said
residential market was instead the major concern.
HSBC was criticized by the online community.
In the original report, HSBC said: "We reduce Hong Kong to 'underweight' on concerns about negative news flow.'' The lender added that Occupy Central "could sour relations with China and may hurt the economy.''
The Occupy Central civil disobedience movement has said it will use peaceful protests to shut down the business district in Central if the government's plans for political reform do not meet international democratic standards.
Hong Kong police arrested over 500 democracy activists who took part in an overnight sit-in on Chater Road in Central following the annual pro-democracy march on July 1. The organizers had said it was a test for the real Occupy Central campaign. --RTHK/The Standard   
Other Business breaking news:
Greek pensioners vow to defy proposed cuts (11-27 16:52)
Skin care drug prices rocketed by 401pc since 2009, US study finds (11-27 16:48)
High flying Brazil banker held in Petrobras graft scandal (11-27 16:38)
Hang Seng tumbles at close (11-27 16:33)
Nikkei closes lower (11-27 16:31)
China stocks dive over broker investigations (11-27 15:06)
Japan's jobless rate at 20-year low, consumer spending drops (11-27 12:49)
HK, China stocks drop at mid day (11-27 12:25)
Global airlines industry predicts China’s emergence as largest travel market (11-27 12:22)
CITIC Securities confirms China regulator’s investigation (11-26 20:04)

More breaking news >>

© 2015 The Standard, The Standard Newspapers Publishing Ltd.
Contact Us | About Us | Newsfeeds | Subscriptions | Print Ad. | Online Ad. | Street Pts


Home | Top News | Local | Business | China | ViewPoint | CityTalk | World | Sports | People | Central Station | Spree | Features

The Standard

Trademark and Copyright Notice: Copyright 2015, The Standard Newspaper Publishing Ltd., and its related entities. All rights reserved.  Use in whole or part of this site's content is prohibited.   Use of this Web site assumes acceptance of the
Terms of Use, Privacy Policy Statement and Copyright Policy.  Please also read our Ethics Statement.