50 firms eye virtual bank licenses

The Hong Kong Monetary Authority (HKMA) has received more than 50 expressions of interest for virtual banking licenses, which require a minimum capital of HK$300 million. However, the central bank has rejected a recommendation from a public consultation ... ( read original story ...)

Residential Mortgage Survey Results for April 2018

The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) announced the results of the residential mortgage survey for April 2018. The number of mortgage applications in April increased month-on-month by ... ( read original story ...)

Hong Kong Airlines seeks to raise US$350m ahead of IPO

Chinese conglomerate HNA Group's Hong Kong Airlines is considering an initial public offering in the "short to medium term" and tapping investors to raise funds through the issue of new shares and convertible bonds, a document reviewed by Reuters shows. ( read original story ...)