Hong Kong regulator’s no phoney for banking plans

The Hong Kong Monetary Authority (HKMA) has unveiled a number of initiatives as it looks to improve the region’s use of payments, APIs and innovation. In a speech delivered during the Annual Banking Conference of the Hong Kong Institute of Bankers ... ( read original story ...)

Hong Kong’s Aug drawndown mortgage loans fall 13.3 pct

Sept 29 (Reuters) - New mortgage loans drawn down in Hong Kong totalled HK$28.1 billion ($3.60 billion) in August, down 13.3 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Friday. The following is the breakdown of data ... ( read original story ...)

Asia-Pacific has dominated IPOs globally this quarter

Stock exchanges in greater China saw a total of 144 companies listed in the third quarter, making up 44 percent of global IPOs, according to EY. Hong Kong saw 37 IPOs, compared with 56 on the Shanghai Stock Exchange and 51 on the Shenzhen Stock Exchange's ... ( read original story ...)

‘Smart Banking’ upgrade is a must, Norman Chan says

The upgrading of our banking system to a new and higher level of Smart Banking is not just something nice-to-have but a must, the Hong Kong Monetary Authority (HKMA) chief executive Norman Chan Tak-lam, (pictured), said, adding that banking and technology ... ( read original story ...)

Hong Kong private home prices climb to fresh highs in August

HONG KONG, Sept 29 (Reuters) - Hong Kong’s private home prices climbed to a fresh peak in August, hitting highs for the 10th month in a row and extending gains to a 17th month, government data released on Friday showed. Prices of private domestic homes ... ( read original story ...)