A top-20 Asian private bank operated by BOC Hong Kong (Holdings) Ltd., the overseas subsidiary of China’s fourth-largest lender, has about 120 relationship managers and wants to boost headcount by at ... ( read original story ...)
Financial M&As slump in HK
Mergers and acquisitions targeting Hong Kong financial firms have slumped this year. Two insurance firms have called off Hong Kong deals worth a combined US$1.4 billion (HK$10.9 billion), with sources ... ( read original story ...)
Hong Kong authorities urge credit bureau TransUnion to tighten online security after local newspaper says it easily obtained data on public figures
Hong Kong’s Monetary Authority and privacy watchdog have called on major international credit bureau TransUnion to improve its online authentication procedures after a local newspaper claimed that it ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) traders bank on the chance of a US-China trade detente from the G20 meeting
The Hang Seng Index rose 1.3 per cent and the Shanghai Composite Index added 1.1 per cent for the first gain in five days. Tencent Holdings gained the most in almost two weeks in Hong Kong, while tele... ( read original story ...)
M&A deals in HK finance sector fall prey to China crackdown
HONG KONG • Mergers and acquisitions (M&A) targeting Hong Kong's financial firms have slumped this year, with insurance sector deals particularly hard hit, as China's moves to tighten capital controls ... ( read original story ...)
“You bring the donuts to work”: inside the new top tech jobs at HSBC in Hong Kong
If you needed any evidence of HSBC’s rampant technology recruitment in Hong Kong here it is: more than one in five (22%) of the firm’s local vacancies are in tech and digital banking ... ( read original story ...)
Explicitly recognise Communist Party as China’s rulers, Hong Kong legislators tell government
The Hong Kong government should openly recognise the Communist Party ... City University responded to the reports by saying it was surprised by the news, and that it had told the college not to host s... ( read original story ...)
LCQ15: Compilation of statistics on mortgage loans
The Hong Kong Monetary Authority (HKMA) indicated that the debt-servicing ratio (DSR) for the new residential mortgage loans (RMLs) approved in the second quarter of this year was 34 per cent, and tha... ( read original story ...)
Struggling to make ends meet? Switching to a new job may lead to a higher raise than staying put
“That is definitely not enough, so it’s going to be tough especially for those who need to service their mortgages,” said Kenneth Leung Kai-cheong, a local lawmaker who represents Hong Kong’s accounti... ( read original story ...)
Hong Kong reports another dismal sales weekend in Tuen Mun as home market heads for the big chill
That was also before Hong Kong’s commercial banks finally bowed to rising interest rates and raised their mortgage payments for the first time in a decade. The combination has had a chilling effect on ... ( read original story ...)
Hong Kong’s cheapest apartments since 2014 to go on sale in Yuen Long amid falling prices
It has three bedrooms. As the flats cost less than HK$4 million, first-time homebuyers can apply for mortgage insurance enabling a 90 per cent loan-to-value ratio from the Hong Kong Mortgage Corporati... ( read original story ...)
Hong Kong’s Economy Likely Slowed Last Quarter Amid Trade Gloom
"Hong Kong is a small, open economy that is heavily reliant on the ... when existing home prices started ticking down, mortgage applications plummeted, and luxury home transactions dropped to the lowe... ( read original story ...)
Hong Kong Home Sells for $23,000 Per Square Foot to Set New Asia Record
The sale by the head of the local mortgage lender surpassed an eight-month-old record to become the most expensive house ever sold in Hong Kong, and came despite a significant slowdown in Hong Kong’s ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) investors mulled the pending G-20 meeting
The Hong Kong Hang Seng Index traded evenly and fell slightly on Tuesday, shrugging off positive Wall Street cues as investors mulled the pending G-20 meeting and the prospects for higher interest rat... ( read original story ...)