Overseas students or their families can use the HSBC China mobile app, or WeChat banking, to exchange the yuan into either the US dollar, the British pound, the Canadian dollar, the Australian dollar or the Hong Kong dollar, to pay their tuition fee. ( read original story ...)
Explainer: Ant Financial’s $150 billion valuation, and the big recent bump-up
HONG KONG (Reuters) - Ant Financial’s rapid climb to become the world’s biggest super unicorn valued by some investors at around $150 billion showcases investor enthusiasm for the biggest Chinese tech companies and also how quickly valuations can shift. ( read original story ...)
Hong Kong Interbank Rate Jumps as HKMA Defense Hits $4.3 Billion
The Hong Kong dollar’s interbank borrowing costs rose to their highest level this year, as the city’s de facto central bank bought more of the currency to defend its peg to the greenback. The three-month interbank rate -- known as Hibor -- climbed for ... ( read original story ...)
Senior bank regulatory official to be named China Huarong chairman: sources
BEIJING (Reuters) - China Huarong Asset Management Co Ltd (2799.HK) is set to be helmed by a senior bank regulatory official, who will replace the current chairman under investigation for alleged corruption, two people with knowledge of the matter told ... ( read original story ...)
Hong Kong is again Asia’s most expensive city for business travellers, edging out Tokyo
Hong Kong regained the top spot last year as Asia’s most expensive city for business travellers, who faced daily expenses of HK$3,971 (US$506) on accommodation, transport, meals and incidentals. The city overtook Tokyo in the regional rankings, with ... ( read original story ...)
Hong Kong replaces Tokyo as most expensive business travel location in Asia
Hong Kong is now the most expensive location in Asia for business travel. This was one of the findings of the latest Daily Rates research published by ECA International, the world's leading provider of knowledge, information and software for the management ... ( read original story ...)
Why Hong Kong-style fake news is the real deal
Love it or hate it, the expression “fake news” will probably come to define the age of unprecedented change we find ourselves slap bang in the middle of. I’ve never really understood what it means, in my book it’s either news or it’s not. ( read original story ...)
Construction of Hong Kong’s ‘shoebox’ flats soars along with prices
But Wong Leung-sing, associate director of research at the property consultancy firm Centaline, said the boom in nano flats was not an issue. “Many young people want to live independently and they prefer smaller flats,” Wong said. “Hong Kong is a ... ( read original story ...)
BOC Hong Kong : Notice of 2018 Annual General Meeting
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this notice, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any ... ( read original story ...)
BOC Hong Kong : Proxy Form for 2018 Annual General Meeting
of to act as my/our proxy to attend and vote for me/us and on my/our behalf at the annual general meeting (the ''AGM'') of the Company to be held at Grand Ballroom, The Lobby Floor, Grand Hyatt Hong Kong, 1 Harbour Road, Wan Chai, Hong Kong on Wednesday ... ( read original story ...)
Hong Kong families with rooftop solar panels or wind turbines could sell energy for up to five times the current electricity price
Hong Kong households and businesses that produce renewable energy through rooftop solar installations or wind systems could soon sell their excess supply to the city’s power grid – and charge up to five times what consumers currently pay. An ... ( read original story ...)
Online consumers in Asia buy three times more banking products than less tech-savvy peers, says McKinsey
McKinsey conducted the survey in the second half of 2017 to garner opinions from 17,000 consumers in 15 Asian markets, including Australia, mainland China, Hong Kong, India, Indonesia, Japan, South Korea and Vietnam. “The survey findings come as new ... ( read original story ...)
Hong Kong Gets Prominent Back-Seat Driver in Dollar Peg Defense
Few managers appreciate having their predecessor chime in with tips on how to do their job. In the case of the Hong Kong Monetary Authority, it’s the agency’s most famous former boss. The city’s de facto central bank said in a statement Tuesday there ... ( read original story ...)
Bank of Singapore to double wealth management staff in Hong Kong to cater to China’s rich
Bank of Singapore, the private banking arm of Singapore’s second-biggest lender OCBC, plans to double its staff in Hong Kong as it eyes wealth management business from China’s growing number of millionaires and billionaires, according to the bank’s ... ( read original story ...)