Bank of East Asia sells consumer finance assets to Chinese lender QL Finance for HK$1 billion

Bank of East Asia, Hong Kong’s largest independent bank, has sold a package of consumer finance assets to Chinese money lender QL Finance for HK$1.08 billion (US$139 million), as part of an ongoing drive to cut costs and streamline operations.
( read original story …)


Related Post

Phillip Zhong: Hong Kong’s property prices a...
views 39
It is always difficult to predict when a bubble ma...
RICS announces award finalists for Hong Kong prope...
views 31
HONG KONG, CHINA - Media OutReach - 17 January 201...
Hong Kong’s Richest 2018: How A Dying Busine...
views 37
This story is part of Forbes’ coverage of Hong Kon...
HSBC loses a senior Asia head to a Chinese financi...
views 52
A regional department head at HSBC in Hong Kong ha...
Hong Kong a ‘super connector’ between mainland and...
views 43
Hong Kong has been coined a “super connector” betw...
The speed of change in the retailing business is a...
views 39
A transaction at the beginning of this year provid...
Hong Kong actor Eric Tsang denies sexual misconduc...
views 41
HONG KONG (AP) — Well-known Hong Kong actor Eric T...
Joshua Wong, Hong Kong activist in Umbrella Moveme...
views 47
A Hong Kong court on Wednesday sentenced democracy...
Hong Kong activists jailed for role in 2014 protes...
views 46
Hong Kong pro-democracy activists jailed for conte...
Young Hong Kong democracy activist sentenced to 3 ...
views 50
HONG KONG -- A Hong Kong court has sentenced democ...