|Bid||17.780 x 0|
|Ask||17.800 x 0|
|Day's Range||17.500 - 17.820|
|52 Week Range||17.180 - 30.800|
|Beta (3Y Monthly)||0.96|
|PE Ratio (TTM)||8.60|
|Earnings Date||Feb 25, 2020 - Mar 2, 2020|
|Forward Dividend & Yield||0.22 (1.25%)|
|1y Target Est||27.50|
China will remove business restrictions on foreign banks, brokerages and fund management firms, a cabinet meeting chaired by Premier Li Keqiang said on Wednesday, state television reported. China has stepped up efforts to open its financial sector amid a festering trade war with the United States, with increased access to its financial sector among a host of demands from Washington.
Tens of thousands of demonstrators in Hong Kong surrounded the city's legislature on Wednesday, forcing it to postpone a second round of debate on an extradition bill that would allow people to be sent to mainland China for trial. The protesters, most of them young people dressed in black, erected barricades as they prepared to hunker down for an extended occupation of the area, in scenes reminiscent of pro-democracy "Occupy" protests that rocked the city in 2014.
Hong Kong-based Bank of East Asia Ltd (BEA) reported on Wednesday a 30 percent drop in its 2018 profit with the previous year's earnings inflated by divestment of some non-core assets, and as operating costs rose. BEA, which counts Hong Kong and China as its main markets, posted a profit of HK$6.5 billion ($828.12 million) last year, compared with HK$9.3 billion in the previous year, it said in a statement to the Hong Kong stock exchange. BEA had recorded a gain of HK$3 billion from sale of some assets in 2017.
A Hong Kong insurance provider is to stop offering cover against the possibility of HNA-controlled Hong Kong Airlines folding, according to a notice issued by the insurer to its agents and seen by Reuters. Blue Cross Asia-Pacific Insurance Ltd, owned by Bank of East Asia , said in the notice that it would stop the provision for customers as of Monday. The note, first reported by the South China Morning Post, said the benefit item of "Special Allowance - Winding-up of Airline" would not apply to single-trip travel insurance plans issued on or after Jan. 7 for travellers on Hong Kong Airlines.