The Hong Kong dollar is managed in a narrow band of HK$7.75 to HK$7.85 to the US dollar. Its peg to the greenback, established in 1983, is considered the bedrock of the territory’s financial stability ... ( read original story ...)
Week In Review: Tianjin CanSino Staging $160.5 Million Hong Kong IPO
CanSino is the seventh China biopharma, and the first vaccine company, to IPO in Hong Kong under its pre-revenue ... Greater China Healthcare practice at McKinsey & Company. The Cambrian Explosion ... ( read original story ...)
5 Key Elements of Chinese Biopharma’s ‘Cambrian Explosion’
I’m a Senior Partner with McKinsey & Company, based in China, Shanghai and now Hong Kong, since 2005. I lead our Healthcare Practice in Greater China and serve clients across Asia. Please reach out to ... ( read original story ...)
Race is on for Southeast Asia ‘super app’ amid internet economy growth expectations
"It's a race to be a super app in ASEAN," Varun Mittal, global emerging markets Fintech leader at consultancy EY, said during a panel discussion at the Credit Suisse Asian Investment Conference in ... ( read original story ...)
This Hong Kong Startup Uses Technology To Change Everyday Grocery Shopping
Despite being one of the financial capitals of the world, Hong Kong has traditionally lagged when it comes to cultivating game-changing startups. Among the list of reasons for this includes the high ... ( read original story ...)
HSBC downgrades stocks in Singapore and Hong Kong
HSBC said it lowered its stance on Singapore stocks to "neutral" from "overweight," and downgraded Hong Kong equities from "neutral" to "underweight." The bank kept its "overweight" stance on China, ... ( read original story ...)
Standard Chartered, PCCW, HKT, Ctrip Finance join forces to build HK virtual bank
Standard Chartered Bank, PCCW, HKT, and Ctrip Finance have established a strategic joint venture to deliver a new standalone digital retail bank in Hong Kong. The joint venture will be conducted under ... ( read original story ...)
HK heralds online banking era with StanChart JV, two others as new entrants
* BOC Hong Kong and ZhongAn-led JVs also win licences * HKMA says virtual banks will promote financial inclusion * Five more licences will be issued soon, says HKMA (Adds interview with ZhongAn ... ( read original story ...)
StanChart JV, two others win Hong Kong online banking licence
HONG KONG (Reuters) - Hong Kong has issued online-only banking licences to three groups, including joint ventures (JVs) of Standard Chartered and BOC Hong Kong, in what could be the biggest shake ... ( read original story ...)
Will Traditional Banks Survive Hong Kong’s Digital Banking Move?
Fintech companies have won the battle of attaining license as the Hong Kong Monetary Authority has granted license to three virtual banks in the country. The move aims to disrupt the traditional ... ( read original story ...)
Hong Kong issues online banking licenses to StanChart JV, two others
HONG KONG, March 27 (Reuters) - Hong Kong's banking regulator said on Wednesday it had issued online-only banking licenses to three companies, including joint ventures of Standard Chartered and BOC ... ( read original story ...)
Hang Seng higher, China Construction Bank gains
Hong Kong blue chips were higher at the close today The Hang Seng Index added 0.56 percent, or 161.34 points at 28,728.25.China Construction Bank (0939) added 0.88 percent at HK$ 6.86.Insurer AIA ... ( read original story ...)
‘Snowden refugee’ who made it to Canada reveals family ties with applicants still in Hong Kong
With his name now in the news, Mr. Snowden left his hotel and, for two weeks, hid in the tiny apartments of other clients of Mr. Tibbo: Ms. Rodel, Mr. Kellapatha and Ms. Kuttige, and Ajith ... ( read original story ...)
Hong Kong hands out its first digital banking licences
Hong Kong has issued its first batch of digital banking licences, giving a mix of traditional financial institutions and Chinese companies a chance to compete for a $15bn pot of retail banking ... ( read original story ...)