Home prices in Hong Kong are climbing much faster than household incomes, forcing young home buyers to turn to mom and dad for financial help. The median family’s annual household income of 319,000 Hong Kong dollars (US$40,666) represented just 5% of the ... ( read original story ...)
SG and HK recruiters warn bankers against these 13 terrible CV cliches
Recruiters in Singapore and Hong Kong are now overwhelmed with CVs – so don’t annoy them by putting these cliches on your CV. https://news.efinancialcareers.com/sg-en/193407/career-change-asian-banking/ As banking professionals in Hong Kong and ... ( read original story ...)
“Most Hong Kong grads think Chinese banks are strictly second tier. So do I”
I should know, I’ve worked for one of each. https://news.efinancialcareers.com/hk-en/305691/chinese-vs-western-banks/ Later this year I’m starting out as an M&A analyst at a major US bank in Hong Kong. Like most of my cohort, I got the role by acing my ... ( read original story ...)
HK regulator imposes fine on UBS for trading control failure
The latest SFC action comes nearly two weeks after UBS said the Hong Kong regulator had blocked it from sponsoring IPOs for 18 months. The suspension, which the Swiss bank is appealing, is not effective until its appeal has been ruled upon. The Swiss bank ... ( read original story ...)
Hong Kong property firm New World Development joins green financing trend with US$459 million loan
Hong Kong property firm New World Development said it had taken out city’s first green loan, borrowing HK$3.6 billion (US$458.8 million) from a group of local and international banks and joining the growing pack of companies to tap capital through green ... ( read original story ...)
Hong Kong launches action plan on human trafficking but critics say more must be done
Hong Kong has launched an action plan to step up the fight against human trafficking and protection for 370,000 foreign domestic helpers in the city, the No 2 official announced on Wednesday, amid repeated criticism by the United States and human rights ... ( read original story ...)
Unmarried or living in a micro flat: Hong Kong’s high property prices driving rise of tiny homes and delayed marriages – survey
Property is a hot topic in Hong Kong. But high prices mean that the dream of owning real estate in the city remains just that for many. That is one of the findings of a recent survey by property specialists REA Group, which found many people in Hong Kong ... ( read original story ...)
Hong Kong brokers bypass AI chatbots in favour of social media apps
according to a survey by the Hong Kong Securities Association. Banks such as HSBC and Standard Chartered Bank are leveraging AI-powered chatbot platforms to answer enquiries by customers, trhjoining a growing global trend which is seen as offering improved ... ( read original story ...)
Hong Kong regulator imposes fine on UBS for trading control failure
The latest SFC action comes nearly two weeks after UBS said the Hong Kong regulator had blocked it from sponsoring IPOs for 18 months. The suspension, which the Swiss bank is appealing, is not effective until its appeal has been ruled upon. The Swiss bank ... ( read original story ...)
Hong Kong Stock Exchange Looks to ASX for Blockchain Equity Settlement
The Hong Kong Stock Exchange (HKEX ... As reported by CoinDesk, the ASX announced last December that, using technology developed by blockchain startup Digital Asset, it has become the first stock exchange to have shifted one of its main services to ... ( read original story ...)
Hong Kong school bands nurture future leaders with life lessons onstage
As pop superstars Bruno Mars and Katy Perry will no doubt show during their springtime concerts in Hong Kong, one thing counts above all others when you’re up on stage. That’s to have a great time and make sure the audience does too. Achieving that ... ( read original story ...)
Hong Kong equities higher despite caution ahead of Fed meeting
Stocks in Hong Kong rose on Wednesday with investors shrugging off cautious sentiment ahead of a highly anticipating meeting of the US central bank. The Hang Seng index rose 1.1 per cent at the open in Hong Kong with China-linked stocks the among the ... ( read original story ...)
Hong Kong Exchange’s Big Bet on China Is Suddenly Under Threat
In an interview with Bloomberg News in June, the HKEX chief said additional trading links, including those for ETFs, derivatives and commodities, would see Hong Kong become a “global deployment center’’ for Chinese wealth. He added that the IPO link ... ( read original story ...)
Mainland official agrees with Hong Kong poll ban for anyone decrying ‘one-party dictatorship’
Concerns over further political vetting in Hong Kong elections mounted on Tuesday as a mainland official said city residents who call for an end to “one-party dictatorship” in China might be disqualified from running for local office. Chen Sixi ... ( read original story ...)