Year of the Dragon Tag

14 Feb Year of the Dragon bodes well for Hong Kong’s ailing stock market as rate cuts, improving Chinese economy bring hope, finance officials say

Posted at 06:12h in Asia

“In addition, the mainland [Chinese] economy is stable and improving. These factors will bring a positive atmosphere to investment sentiment and the asset market,” he said. 05:39Hong Kong stock market falls below 15,000 level, its lowest in 15 monthsHong Kong stock market falls below 15,000 level,...

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14 Feb Hong Kong shares extend slump into Year of Dragon after MSCI removes dozens of Chinese stocks from benchmark indices

Posted at 02:38h in Asia

Hong Kong stocks tumbled as trading resumed after the Lunar New Year holiday, along with weaker regional equity markets. Index provider MSCI removed dozens of Chinese stocks from its global benchmark indices in a review, after more than a trillion-dollar rout in the market...

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13 Feb Year of the Dragon: MPF members advised to diversify their investments as markets remain volatile, analysts say

Posted at 01:30h in Asia

“We are positive towards US equities as a core holding in the MPF portfolio,” said Ada Kung, chief investment strategist at Sun Life Asset Management (HK). “The end of the US rate-hike cycle will benefit growth stocks.”Hongkongers wait for an MTR train in North Point...

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12 Feb Year of the Dragon: ‘dragon baby’ frenzy to drive up gold jewellery sales by 30%, gold prices to hit record highs, industry players say

Posted at 04:30h in Asia

“The dragon is the superstar among the 12-animal Chinese zodiac, representing power and strength.”The dragon is the only mythical creature in the Chinese zodiac, and having a child in the Year of the Dragon is considered a blessing. Dragon babies tend to be associated with...

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11 Feb Year of the Dragon: most popular of the Chinese zodiac signs dominates corporate lai see packets again

Posted at 06:30h in Asia

“This is because the dragon is the most popular zodiac animal of them all. Everybody likes dragons, so the companies want to deliver dragon-designed lai see packets to their customers.”It is Chinese tradition for married couples to hand out lai see, or blessing money,...

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11 Feb Year of the Dragon: China’s commemorative coins, notes are multiplying in value on Taobao, JD.com auction platforms

Posted at 02:00h in Asia

As China ushers in the Year of the Dragon, some of the US$450 million of commemorative coins and banknotes issued by the nation’s central bank have found their way into the popular local e-commerce platforms at more than three times their face value.On Alibaba...

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10 Feb Year of the Dragon: luxury brands embrace the auspicious, mythical creature ahead of the Lunar New Year

Posted at 03:30h in Asia

“The dragon is definitely the superstar and is the most popular of the 12 zodiac animals,” said Guy Riddell, managing director of Peninsula Merchandising, in an interview at the hotel’s shop. “Everybody loves the dragon as it represents power, prosperity and strength.”The dragon is the...

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04 Feb Year of the Dragon: Hong Kong banks line up fireworks dinners, lucky draws and boost deposit rates to entice new clients

Posted at 02:00h in Asia

Fireworks dinners, lucky draws, high deposit rates, air tickets and donations to charities are among the major incentives Hong Kong banks are dangling to attract wealthy customers and depositors ahead of the Lunar New Year.HSBC, Bank of China (Hong Kong) (BOCHK), Standard Chartered, Bank of...

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