Martin Steinbach, EY global leader, said: "The outlook appears bright, driven by lower volatility across regions, high valuation levels and a renewed appetite for cross-border IPOs particularly in the US, Hong Kong and London. "The stronger-than-expected ... ( read original story ...)
Bank of China rolls out the red carpet to serve cross border needs of premium customers
Bank of China (Hong Kong), the city’s offshoot of Bank of China - the nation’s fourth biggest lender by assets, is tapping rising cross-border transactions and investment demand in the “area” that covers nine Guangdong cities surrounding the Pearl ... ( read original story ...)
Li Ka-shing bets on Hong Kong AI start-up that understands Chinese dialects
Billionaire Li Ka-shing is betting on a little-known Hong Kong start-up that uses artificial intelligence (AI) to sieve through tens of thousands of daily call-centre conversations conducted in China’s major dialects. Fano Labs, which is a specialist in ... ( read original story ...)
Hong Kong observation wheel to reopen before Christmas with HK$20 rides locked in for three years
The observation wheel at Hong Kong’s Central Harbourfront will start turning again just ahead of Christmas, with the new operator pledging there would be no fare hikes in the next three years after drastically reducing entrance fees. From Wednesday ... ( read original story ...)
Hong Kong dollar weakens further following monetary authority comment
Hong Kong’s dollar witnessed its biggest weekly drop in a month on Friday after HKMA’s comments that it was not aiming to curb depreciation pressure. The currency fell 0.06 per cent to HK$7.8130 against the US dollar on Friday, and has lost 0.09 per ... ( read original story ...)
Hong Kong Targets Next Alibaba in Sweeping Overhaul of IPO Rules
Hong Kong’s stock exchange proposed to let “innovative” companies list in the Chinese enclave with dual-class share structures to avoid losing out on more initial public offerings by technology giants like Alibaba Group Holding Ltd. Allowing shares ... ( read original story ...)
UBS Reshuffles in Hong Kong
The move has several effects: Adeline Chien will become a regional market manager of domestic Hong Kong, while LH Koh advances to regional market manager for domestic Hong Kong and international Japanese clients. The appointment of Humair, Chien ... ( read original story ...)
Hong Kong ‘milkshake’ murderer challenges her life sentence
HONG KONG (Reuters) - An American serving a life sentence in a Hong Kong jail for the 2003 "milkshake" murder of her Merrill Lynch banker husband made a fresh challenge against her sentence on Friday. Nancy Kissel, who is in her mid 50s, has been in jail ... ( read original story ...)
Hong Kong raises base rate fourth time in 13 months, gets a shrug from markets and borrowers
The city’s de facto central bank raised the base lending rate by 25 basis points to 1.75 per cent, following an equivalent overnight increase by the US Fed to maintain the Hong Kong dollar’s peg to the American currency. Explainer: What Hong Kong’s ... ( read original story ...)
Banking experience not needed as SocGen plans 2018 Hong Kong tech hiring
https://news.efinancialcareers.com/hk-en/282438/credit-suisse-asia-technology-jobs/ Finance sector experience is now “a nice-to-have, not a perquisite” for working in banking technology, says the man tasked with expanding Societe Generale’s tech team ... ( read original story ...)
Hong Kong dollar falls most in 22 months as HKMA says it won’t defend drop to lower end of the peg
The Hong Kong dollar plunged the most in 22 months after the city’s de facto central bank said it will not seek extra exchange fund bills and that it would let the currency fall to the weak end of the currency peg. Bloomberg reported Hong Kong Monetary ... ( read original story ...)
Hong Kong based startup Lynk enables knowledge sharing by linking enterprises with experts
With more than 80 institutional customers, Hongkong-based Lynk aims to solve an expertise problem rampant in everyday business relationships. The online service connects enterprise users to experts in a variety of fields. Peggy Choi, 35, is a finance ... ( read original story ...)
Hong Kong is right not to follow the US in cutting taxes
The closer it comes to realising this goal, the less attractive the city will be as an international business centre. Should those bent on complete integration have their way the level of taxation will become increasingly irrelevant unless Hong Kong ... ( read original story ...)
Hong Kong raises base rate by 25 basis points in lockstep with US Fed’s third increase this year
The Hong Kong Monetary Authority, the city’s de facto central bank, raised the base lending rate by 25 basis points to 1.75 per cent, as it moves in lockstep with the equivalent overnight increase by the United States Federal Reserve to maintain the Hong ... ( read original story ...)