TRUMP ON CHINA: In a surprise overture to Beijing, Trump tweeted that he wanted to help Chinese smartphone and telecom gear maker ZTE "get back into business, fast." The company's Hong Kong-traded shares have been suspended since U.S. authorities banned it ... ( read original story ...)
Crypto Investment Bank Debuts in Hong Kong
Those looking for the crypto sector’s equivalent of Goldman Sachs and Morgan Stanley might soon find it in the newly-launched Clipper Coin Capital. Crypto investment bank and asset management firm, Clipper Coin Capital, is expected to debut on May 14 ... ( read original story ...)
Deutsche Bank CEO Vows to Stay Strong in Asia Amid Overhaul
Amy Chang, a Hong Kong-based spokeswoman for Deutsche Bank, confirmed the contents of the speech. Still, the CEO’s remarks may do little to assuage employees in Asia who are concerned about the impact of the global overhaul on their careers. Anxiety is ... ( read original story ...)
China central bank says to maintain neutral policy, stable yuan
HONG KONG/BEIJING (Reuters) - China’s central bank will maintain its neutral monetary policy and keep liquidity and credit growth largely steady while keeping the yuan currency basically stable, it said on Friday. The central bank’s surprising cut in ... ( read original story ...)
Fraudulent website and phishing e-mail 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 fraudulent website and phishing e-mail, which ... ( read original story ...)
HSBC says performs first trade finance transaction using blockchain
HONG KONG (Reuters) - HSBC Holdings Plc (HSBA.L) said on Monday it had performed the world’s first trade finance transaction using blockchain technology, a major step in boosting efficiency and reducing errors in the multi-trillion-dollar funding of ... ( read original story ...)
3 HK to Start In-and-Outdoor 5G Trials in the 26GHz and 28GHz Bands in 2H 2018
3 Hong Kong, the mobile arm of Hutchison Telecommunications Hong Kong announced that it has received a temporary permit from the Communications Authority (CA) on to conduct 5G network trials in the 26GHz and 28GHz bands millimetre wave spectrum. ( read original story ...)
5 top space-saving ideas found in Hong Kong – for the living and the dead
The idea is to save money and space by running your start-up or doing freelance work from an office space shared with others. Across Hong Kong, people are turning from private offices with high rental costs to more financially manageable “co-use ... ( read original story ...)
Startups Rival Former Discount Giant Groupon To Feed Asia
The startup aims to help restaurants increase their profitability ... Last year it expanded into four more markets–Malaysia, Hong Kong, India and the Philippines–and Hong Kong already is its best market in terms of revenue. It boasts 160 employees ... ( read original story ...)
Hong Kong billionaire Robert Kuok to advise Mahathir during his transition
Hong Kong-based billionaire Robert Kuok is to sit on a special ... of elders” – are the country’s former central bank governor Zeti Akhtar Aziz, former finance minister Daim Zainuddin, former head of the state oil firm Petronas, Hassan Marican ... ( read original story ...)
China collects trove of 3 trillion financial records in bid for tighter control of country’s banks
The data trove was revealed on Wednesday in a speech delivered on behalf of Guo Shuqing, chairman of the country’s powerful new China Banking and Insurance Regulatory Commission (CBIRC), at a forum on financial stability in Hong Kong. Veteran technocrat ... ( read original story ...)
My HKU MBA Got Me A Top Finance Internship In Hong Kong—Now I’m Using It To Switch Careers
Internships are often a key part of any MBA student’s career journey—a chance to try out new industries, build new business networks, and land new jobs. Pranavi Kapur knows that better than most. A current MBA student at the University of Hong Kong ... ( read original story ...)
Hong Kong’s Most Popular ETF Is Shorting the Whole Equity Market
A fund that makes money when Hong Kong stocks tumble has suddenly garnered a whole lot of interest. The CSOP Hang Seng Index Daily Inverse Product has attracted some $136 million worth of cash in 2018, the biggest inflows for any fund trading on the city ... ( read original story ...)
Hong Kong: Upgrading GDP Growth For 2018
Hong Kong GDP grew 4.7% year-on-year in 1Q18 ... The producing legal entity ING Bank N.V. is authorised by the Dutch Central Bank and supervised by the European Central Bank (ECB), the Dutch Central Bank (DNB) and the Dutch Authority for the Financial ... ( read original story ...)