Hong Kong Chief Executive Leung Chun-ying is taking additional steps to cool the world’s costliest property market, where prices have rebounded after a short-lived dip. The government raised the stamp duty to 15 percent for all residential purchases ... ( read original story ...)
China to weigh up Hong Kong allegiance rules amid independence row
Chief Executive Leung Chun-ying said the government was paying close attention to the issue, but refused to elaborate when queried repeatedly at a news conference. "After the interpretation happens, we will comment for sure," he said. Hong Kong's Chief ... ( read original story ...)
Hong Kong government has not been told if Beijing will intervene to ban pro-independence lawmakers
The Hong Kong government has not received word from Beijing that it is intervening in the oath-taking row to disqualify two pro-independence lawmakers despite such a move being widely reported in the media, the chief executive’s lawyers told the High ... ( read original story ...)
Hong Kong unveils fresh property curbs as Chinese buyers rush in
HONG KONG Hong Kong will raise stamp duties on property transactions ... "We expect the measure to have an immediate and effective cooling impact," Financial Secretary John Tsang told a news conference. First time local home buyers will be exempt from ... ( read original story ...)
Beijing to Intervene in Hong Kong Lawmaker Oath Dispute
Beijing plans to intervene in a Hong Kong political standoff over two young, newly elected separatist lawmakers, in a rare move that is stoking fears the Chinese-ruled city's considerable autonomy and independent judiciary will be undermined. Hong Kong's ... ( read original story ...)
China could ban lawmakers from Hong Kong parliament as crisis escalates
China’s National People’s Congress will interpret city’s ‘Basic Law’ to decide if two young pro-democracy lawmakers can be sworn into legislature China could ban two young pro-democracy lawmakers from taking up their places in Hong Kong’s ... ( read original story ...)
Hong Kong shares touch 2-1/2-month low on US election jitters
SHANGHAI: Hong Kong stocks closed at a 2-1/2-month low on Friday, as worries over the upcoming US presidential election continued to keep investors on edge. The Hang Seng index fell 0.2 per cent, to 22,642.62, while the China Enterprises Index gained 0.1 ... ( read original story ...)
Hong Kong's new insurance regulator plays down China purchase curbs
but most important of all don't break any rule here or outside Hong Kong." China's biggest bank card provider UnionPay last week tightened rules on how customers can use its debit and credit cards to purchase Hong Kong insurance products, raising concerns ... ( read original story ...)
Deutsche Bank gets watchdog's nod for sale of stake in China's Hua Xia
FRANKFURT Deutsche Bank (DBKGn.DE) has received regulatory approval for the sale of its 20 percent stake in Chinese peer Hua Xia (600015.SS) to PICC Property and Casualty (2328.HK), it said on Thursday. Deutsche Bank had said in the past that it was ... ( read original story ...)
Retail Banking Country Snapshot: Hong Kong
Publisher's "Retail Banking Country Snapshot: Hong Kong 2016" reviews the retail banking sector in Hong Kong, with a particular focus on the current account, savings, mortgage, and personal loans markets. It includes both market-level data and insight from ... ( read original story ...)
Shares of Standard Chartered in Hong Kong drop to two-week low
The bank no longer has an IPO sponsorship license in Hong Kong. Standard Chartered said it has spent $2.1 billion on restructuring since last November. Standard Chartered is getting rid of loans that were made in the past but are now outside a new risk ... ( read original story ...)
Grim Psychological Portrait of British Banker Presented in Hong Kong Murder Trial
The court heard that Jutting was moved by Bank of America Merrill Lynch from London to Hong Kong in September 2013, allegedly because of a dubious tax project he undertook in London that brought the bank under scrutiny. It was during his year working in ... ( read original story ...)
The British banker that killed 2 people in Hong Kong ordered them food first
Bank of America, Hong Kong, where Jutting worked. Wikimedia Commons The defense has also argued that Jutting, a 31-year-old Cambridge university graduate, felt huge stress during his banking career. Reading said Jutting only worked for 10-15 days in the ... ( read original story ...)
SFC turns up heat on HK IPOs with bank probes
The Hong Kong Securities and Futures Commission has fired a warning shot at banks, with both Standard Chartered and UBS being investigated for their roles as IPO sponsors. The move has left other banks wondering which one will be next and comes at a time ... ( read original story ...)