The Securities and Futures Commission (SFC), an independent regulatory body in Hong Kong, has issued a warning against suspicious activities of several unregistered entities, advising investors to abstain from doing business with these firms. The two ... ( read original story ...)
Hong Kong targets ILS as important driver of reinsurance growth
The Hong Kong government’s Financial Services Development Council (FSDC) has said in a report that it sees insurance-linked securities (ILS) as an important driver of future growth for the Hing Kong reinsurance market. The FSDC notes that the Hong Kong ... ( read original story ...)
China has the right to 'step in' to Hong Kong election, top official says
"EXTRAORDINARY AND OUTSTANDING" Beijing's support means former Hong Kong civil service head Carrie Lam is tipped as the favorite in the contest despite losing popularity polls to an ex-colleague, former Financial Secretary John Tsang. Tsang had previously ... ( read original story ...)
Hong Kong Based Cryptocurrencies Exchange Bitfinex Adds Dash
Hong Kong based cryptocurrencies exchange Bitfinex has added support for trading on the privacy-focused cryptocurrency Dash. The venue now enables traders to buy and sell Dash for USD and bitcoin (DASH/BTC and DASH/USD). Dash VP of Business Development ... ( read original story ...)
China stocks rise as Premier Li lights up tech shares; Hong Kong gains
China stocks rose on Monday morning as investors piled into technology shares after Premier Li Keqiang identified innovation as a key part of the economy's restructuring at the annual opening of the country's parliament. ( read original story ...)
Hong Kong, mainland stocks close higher as Beijing economic plan boosts sentiment
Hong Kong closed marginally higher with the almost-certain prospect ... must remain alert to bad loans and shadow banking and erect a “firewall” against financial risks. “But overall there was little surprise,” analyst Hannah Li said. ( read original story ...)
No Relief for Hong Kong Tycoons Riled by High Chinese Land Bids
(Bloomberg) -- Shum Chiu Hung, chairman of Chinese developer Times Property Holdings Ltd., has advice for those dismayed at record land bids in Hong Kong by mainland firms: “Get used to it.” Chinese developers have dominated Hong Kong’s land sales ... ( read original story ...)
Exhaustive Research Report- Hong Kong's Retail Banking Market Competitive Dynamics: Radiant Insights
Hong Kong's Retail Banking - Competitive Dynamics; is an exhaustive research report outlaying Retail Banking Scenario in Hong Kong. The report provides year on year statistics on Retail Deposits, Mortgage and Loan Outstanding balances, and Credit Card ... ( read original story ...)
Hong Kong is the costliest Asian city to build anything, survey says
Hong Kong, already the world’s least affordable urban centre ... America and western Europe combined in the two decades between 1992 and 2013, according to McKinsey Global Institute’s 2016 survey. The Chinese government will pump 1.8 trillion yuan ... ( read original story ...)
China has the right to ‘step in’ to Hong Kong election: official
China’s third most powerful leader said on Monday that Beijing had the right to “step in” to Hong Kong’s leadership contest, according to local politicians who met him, in remarks fueling fears of meddling from Communist Party leaders. The comments ... ( read original story ...)
Empowering HK women
The Hong Kong SAR Government attaches great importance to enhancing the well-being of women in Hong Kong. A few figures are worth remembering: Of the Hong Kong’s current population of 7.3 million, if you take away 350,000 foreign domestic helpers ... ( read original story ...)
Hong Kong lawmaker urges government to come clean on joint immigration arrangements at rail terminus
Pressure is mounting on the Hong Kong government to reveal its planned arrangement for setting up a joint immigration facility at the West Kowloon terminus of the HK$84.4 billion express rail link to Guangzhou. The issue is controversial as mainland ... ( read original story ...)
Sympathy for the Hong Kong Property Devil
Nisha Gopalan is a Bloomberg Gadfly columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter. Chinese companies have been gorging themselves on land in Hong Kong, outbidding the local ... ( read original story ...)
Hong Kong business conditions deteriorate slightly in February
Moreover there was a slower accumulation in pre-production stocks. Meanwhile, inflationary pressures receded for a third straight month, which led to lower prices charged by businesses. The seasonally adjusted headline Nikkei Hong Kong Purchasing Manager ... ( read original story ...)