Sharing Economy International Inc. (NASDAQ: SEII) shares rose marginally after the company announced plans to establish a new film and media production business. The Hong Kong-based production company said that, in connection with this new business ... ( read original story ...)
These Hong Kong bankers have all left finance to work for Tencent
And the Shenzhen-headquartered firm doesn’t have to look far to find them. Hong Kong (where many China bankers and research analysts are based) is a prime source of its banking talent. Pony Ma’s expansionist company – which is valued at $580bn ... ( read original story ...)
Bank of America Shanghai Branch Named Market Maker for China Bond Connect
HONG KONG – Bank of America, N. A. Shanghai Branch (BANA Shanghai) announced today that it has been named a market maker for Bond Connect between mainland China and Hong Kong, and that it has completed its first client trade in China’s interbank bond ... ( read original story ...)
Investment banking: Can BOCI step up to the next level?
Bank of China is still a highly leverageable name, however.” BOCI worked on 10 IPOs last year, worth a total of $5.2 billion, data from Dealogic shows. Except for the $118 million Hong Kong listing of Wisdom Education International Holdings, for which ... ( read original story ...)
Veteran insider set to head Hong Kong’s finance industry advisory body
Li, 47 and a finance and banking specialist, had joined Cha to help establish ... he or she would need to promote fintech and innovation in Hong Kong. The FSDC would also need to propose more measures to enhance investor protection,” Li said. ( read original story ...)
How Hong Kong rose to become tallest city in the world
The first high-rise in the city was the Hongkong and Shanghai Banking Corporation’s Main Building which opened in 1935. At 70 metres, it was Hong Kong’s tallest building for years but by the 1970s it had outlived its usefulness as the bank needed more ... ( read original story ...)
Prudential joins digital bandwagon, set to offer paperless insurance claims in Hong Kong
Prudential’s Hong Kong arm will offer paperless insurance claims process for its clients in Hong Kong from Tuesday, joining a wave of insurers to go digital this year. The move to expand its digital platform forms part of the British insurer’s global ... ( read original story ...)
New Hongkong to Manila flights serve increasing traveler demand from Philippines
The new Hongkong Airlines daily flight service to Manila is addressing ... Manila is the business and commercial centre of the Philippines with key industries such as banking and finance, retail, transportation, tourism, and real estate. ( read original story ...)
Hong Kong: The Next Generation won’t wait for banks
TNG is directly licensed and regulated in five places: Hong Kong, Singapore, Malaysia, Indonesia and the UK. Kong says TNG has applied for a virtual bank licence in Hong Kong and the UK, which would allow it to extend loans. That would mean it can enter ... ( read original story ...)
7 New York City London and Hong Kong are Financial Hubs – Ryan van wagenen
The top 3 financial hubs in the world are London, New York, and Hong Kong. Here’s why. London is the number one financial hub in the world. It is home to one of the world’s oldest and most prominent central banks – the Bank of England. London has bec ... ( read original story ...)
The real reason why aspiring expats don’t land banking jobs in Asia
“Candidates often tell me they are looking to get any banking job – just to make the move to Asia ... Saying that “either Dubai or Hong Kong will do” will doom your candidacy – banks want you to show commitment to the country and to the ... ( read original story ...)
Goldman Sachs hires Cai Wei as co-head of China investment banking
HONG KONG (Reuters) - Goldman Sachs (GS.N) has hired Cai Wei as partner and co-head of its China investment banking division, it said in an internal memo, which was confirmed by a Goldman Sachs spokeswoman. This is the first time Goldman Sachs has hired a ... ( read original story ...)
China people & markets round-up: HK regulator wants Insurance Connect, RMB back to fifth place in payments race, DBS gearing up for onshore JV
Th e authority wants mainland residents who bought insurance policies in Hong Kong to be able to pay their premiums and make claims from China. Cheng said he has discussed the idea with officials at the China Banking and Insurance Regulatory Commission and ... ( read original story ...)
Biotech Startup Innovent Files for Hong Kong Debut
Innovent Biologics, a Chinese biomedical developer backed by Singapore’s Temasek Holdings, filed for an initial public offering (IPO) in Hong Kong after the bourse opened the door for pre-profit biotech startups to list. Innovent didn’t disclose the ... ( read original story ...)