HONG KONG — More than 100 people blocked a Hong ... at the skyscraper inland revenue building near the heart of the financial center. The former British colony of Hong Kong returned to Chinese ... ( read original story ...)
StanChart scraps banking fees
Standard Chartered Bank Hong Kong announced it ill scrap its premium banking and easy banking's below amount fees from August 1.Earlier, The Hongkong and Shanghai Banking Corporation and Bank of China ... ( read original story ...)
Standard Chartered becomes third big lender in Hong Kong to scrap minimum-balance fee as virtual banks get ready to challenge their dominance
the third major bank in a week to scrap the charge imposed on small depositors as Hong Kong’s traditional lenders prepare to fight off competition from virtual banks. HSBC and Bank of China Hong Kong ... ( read original story ...)
Hang Seng sinks, China Merchants Bank drops by 8.99pc
The Shenzhen Stock Exchange Composite Index sank by 2.12 percent to end at 9,016.91 points at mid day.Shares in China Merchants Bank (3968) plunged by 8.99 pe... Stocks in Hong Kong stocks lost 372.52 ... ( read original story ...)
Hong Kong shares end lower on trade war blues; banks drag
Hang Seng down 1.2%, H-shares fall 1.9% * Trump "comfortable with any outcome" at G20 - U.S. official * Banks pressured; media report- SPDB may face U.S. punishment HONG KONG, June 25 (Reuters ... ... ( read original story ...)
Richard Li’s FWD is in talks to buy MetLife’s Hong Kong insurance unit to expand through acquisition
In 2017, Hong Kong-based investment fund Jeneration Holdings agreed to ... FWD has been buying insurance assets across Asia, agreeing in October to acquire control of Commonwealth Bank of Australia’s ... ( read original story ...)
Hong Kong activists crowdfund for anti-extradition bill voice at G20
HONG KONG (Reuters) - Hong Kong activists have raised more than HK$5 million ($640,500) in a crowdfunding campaign to take out newspaper ads in a bid to get a controversial extradition bill on the ... ( read original story ...)
Insurance companies need collaboration to thrive says McKinsey
“As such, partnerships increase globally and specifically in Asia,” McKinsey & Company Hong Kong Senior Partner Bernhard Kotanko told Tech Wire Asia. Allianz Malaysia, for example, recently partnered ... ( read original story ...)
Yam calls for solidarity in financial sector
issued a rare press release to call for the Hong Kong financial community to stick together, continue the commitment to work, be vigilant and prudent to face the complex financial situation. Yam said ... ( read original story ...)
Hong Kong Police, Once Called ‘Asia’s Finest,’ Are Now a Focus of Anger
In interviews, police officers and their supporters expressed frustration that Hong Kong officials and the local news media, as they see it, underplayed the violence on the part of the protesters. ... ( read original story ...)
New digital banks challenge HSBC’s Hong Kong dominance
If a banker were to describe their dream consumer market, it would look a lot like Hong Kong. Lenders in the autonomous Chinese territory are exceptionally profitable, thanks to a wealthy customer ... ( read original story ...)
China says it ‘won’t allow’ G20 discussion on Hong Kong
G-20 is a platform to discuss global economy issues. It focuses on the global trade finance and economic issues, he said. “One thing I can tell you, Hong Kong will not be discussed as an issue at the ... ( read original story ...)
Political unrest in Hong Kong is bad news for Vancouver millennials
Mike Michelin, a mobile mortgage advisor with CIBC who’s based in Vancouver, says the industry has been abuzz with speculation this week that Hong Kong residents, fearful of relentless encroachment ... ( read original story ...)
HSBC cashes in on growing anti-BoC sentiment
(MENAFN - Asia Times) HSBC announced on Wednesday that it will eliminate minimum balance requirements and fees for personal accounts in Hong Kong from August 1, which will benefit about three ... ( read original story ...)