The hire marks a relatively rare lateral addition for the magic circle firm in Hong Kong, where it has around 25 partners working across a range of practices including corporate, banking, capital markets and disputes. The last local partner hire for the ... ( read original story ...)
Punjab National Bank moves Hong Kong High Court against Nirav Modi
The Punjab National Bank on Saturday moved the Hong Kong High Court against fugitive diamond jeweller Nirav Modi, who is accused in a scam worth over Rs 13,000 crores, ANI reported. The bank will also approach the courts of other countries where Nirav Modi ... ( read original story ...)
German mobile bank N26 to launch in Britain, U.S. in 2018, CEO says
BERLIN (Reuters) - Berlin-based digital bank N26 expects to offer its services in Britain and the United States by the end of the year, its founder and chief executive told Reuters. N26, which counts Hong Kong billionaire Li Ka-shing and Silicon Valley ... ( read original story ...)
Trump’s financial watchdog fines bank $1B
which fined The Hongkong and Shanghai Banking Corporation (HSBC) $500 million in 2012. In a statement, the OCC said it imposed such a large fine against Wells "given the severity of the deficiencies and violations of law, the financial harm to consumers ... ( read original story ...)
Everett Harris & Company Decreased China Mobile Hk. LTD Adr F (CHL) Stake; Barclays Plc Boosted Union Pac (UNP) Position
China Mobile Hk. Ltd. Adr F now has $190.33B valuation ... On Wednesday, August 30 the stock rating was initiated by Bank of America with “Buy”. HSBC downgraded the shares of CHL in report on Friday, March 24 to “Hold” rating. ( read original story ...)
Hong Kong Again Most Expensive for Business Trips – South Korea Scores Two in Top Five
Hong Kong regained the top spot from Tokyo in the regional rankings for Asia’s most expensive city for business travelers with the daily cost of accommodation, transport, meals, and incidentals averaging US$506. Singapore and Seoul cost an average of US$ ... ( read original story ...)
Breakingviews – Hong Kong opens doors to far-from-super governance
That gives Hong Kong an uncomfortable edge in its race to the bottom. Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories ... ( read original story ...)
Hainan, China’s Hawaii, to use Hong Kong as gateway for fundraising, IPOs
Hainan, the southernmost Chinese island that Beijing plans to transform into a hub for gambling and foreign investments, aims to strengthen ties with Hong Kong in 10 areas such as setting up a pilot district to boost trade services and help companies with ... ( read original story ...)
Goldman, BlackRock Fight for LGBT Rights in Hong Kong
Instead, Forth entered Hong Kong as a visitor and had to make cross-border trips to avoid overstaying his short-term visa. He also couldn’t get a job or join a business, according to Immigration Department rules for visitors. “There’s an emotional ... ( read original story ...)
Despite IPO surge, Hong Kong investors aren’t tech savvy, warns Razer CEO
Xiaomi and Ant Financial are two of a cluster of major tech names being linked with IPOs in Hong Kong. But, despite a burst of upcoming tech listings and new measures that are tipped to encourage more, the country still has some way to go to match the U.S ... ( read original story ...)
Hong Kong and Singapore Emerge as New Meccas for Token Sales
According to Fintech businesses, lawyers, and industry groups, the number of companies launching ICOs in Singapore and Hong Kong “has skyrocketed in recent months,” South China Morning Post reported on Monday. The news outlet then quoted Anson Zeall ... ( read original story ...)
Hong Kong will not be a ‘voiceless victim’ in US-China trade war, top US envoy to city says
Tong was posted to Hong Kong in 2016. He had served as the principal deputy assistant secretary for the Bureau of Economic and Business Affairs at the US State Department, and also the US ambassador for Asia-Pacific Economic Co-operation (Apec). ( read original story ...)
Touts snap up tickets as Hong Kong fans queue overnight for chance to see Dayo Wong
The promise by Hong Kong’s leader to clamp down on the black market for show tickets appears to have done little to deter the city’s ticket touts. As hundreds of fans formed long queues outside various ticket offices on Tuesday morning in the hope of ... ( read original story ...)
Singapore and Hong Kong Emerging as the World’s Top Crypto-Friendly Cities
After China implemented a blanket ban on cryptocurrencies in 2017, Singapore and Hong Kong have emerged as the leading business-friendly destinations for East Asian crypto companies aiming to raise funds via Initial Coin Offerings (ICOs). Anson Zeall ... ( read original story ...)