While other Asian markets mostly marked time Friday, Hong Kong’s Hang Seng Index rose to a record ... The Hang Seng HSI, +1.53% closed up 1.5% on strength in bank stocks, a major part of the index. organ Stanley boosted its stock target on a number ... ( read original story ...)
Hong Kong on alert as ATM withdrawals surge
HONG KONG (Reuters) - Cash withdrawals at Hong Kong ATMs have surged, prompting scrutiny from monetary authorities, the banking industry and police amid media reports that mainland Chinese are withdrawing hundreds of thousands of dollars using up to 50 ... ( read original story ...)
Hong Kong authorities on alert as ATM withdrawals surge
HONG KONG - Cash withdrawals at Hong Kong ATMs have surged, prompting scrutiny from monetary authorities, the banking industry and police amid media reports that mainland Chinese are withdrawing hundreds of thousands of dollars using up to 50 cards at a time. ( read original story ...)
Phishing email related to DBS Bank (Hong Kong) Limited
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by DBS Bank (Hong Kong) Limited on phishing email, which has been reported to the ... ( read original story ...)
Taiwan to promote central bank deputy to governor
chief Greater China economist for Australia & New Zealand Banking Group in Hong Kong. “He has a good relationship with other central banks. That may be able to facilitate policy communication.” Taiwan announces huge stimulus package in face of ... ( read original story ...)
Hong Kong stocks post biggest monthly gain in nearly three years
HONG KONG (Nikkei Markets) -- Hong Kong shares capped their best monthly advance since April 2015 on Wednesday, with mainland Chinese banking and property companies driving broad gains amid strong fund inflows and upbeat global equity markets. In Wednesday ... ( read original story ...)
Hong Kong’s dim sum bond market seen bottoming out amid rising yields, strengthening yuan
A modest recovery in Hong Kong’s dim sum bond market is likely this year as yields rise to attractive levels after the deleveraging efforts by the People’s Bank of China and rapid appreciation of the yuan in recent months, say analysts. Activity could ... ( read original story ...)
Goldman veteran returns to bank in Asia after seven-year break
He rose to ED level there and then transferred to Hong Kong in 2007, staying until 2011 as an ED, according to his online profile. While Beatty is still an ED in 2018, this is not unusual in a Goldman context. The bank only makes promotions to MD every two ... ( read original story ...
Jefferies and Bank of China’s BOC International (“BOCI”) to Provide Joint Investment Banking and Capital Markets Services to Clients Globally
Headquartered in Hong Kong with offices in Beijing, Shanghai, Shenzhen, London, New York and Singapore, BOCI provides clients with a full range of investment banking products and services in both mainland China and overseas capital markets, including share ... ( read original story ...)
New business matching platform to unlock Hong Kong’s startup potential through financing
Hong Kong can! It just needs a little connecting power. Dr Winnie Tang looks at Hong Kong startups’ challenges and a solution from the Smart City Consortium. The Hurun Greater China Unicorn Index published last month by the Hurun Research Institute ... ( read original story ...)
Hong Kong’s buried wartime bombs – how did they get there?
Military historian Kwong Chi-man suspects the bomb was dropped 72 years ago by US Navy planes during the Japanese occupation of Hong Kong, which lasted from January 1942 to August 1945. “It was the biggest bombardment suffered by Hong Kong during the ... ( read original story ...)
Hong Kong stocks kick off February trade with a running start
Hong Kong’s main stock index rose in early trade on Thursday to extend monthly gains, as China Overseas Land & Investment and property developers perked up gain after the US Federal Reserve kept borrowing costs unchanged. The Hang Seng Index added 0.2 ... ( read original story ...)
Beijing envoy in Hong Kong urges preparedness against ‘significant political and legal incidents’ this year
A senior Beijing envoy has warned Hong Kong to be prepared against “certain significant political and legal incidents” this year, while describing the city’s top official as having got off to a good start since taking office last July. Huang Lanfa ... ( read original story ...)
Australian Startup Checkbox Dubbed Winner of the Next Money Fintech Finals 2018
The competition was part of the 2018 StartmeupHK Festival in Hong Kong. According to the competition’s organizers, a total of 22 startups from around the world had four minutes each to pitch their business in front of a live audience to a panel of ... ( read original story ...)