Other major banks are likely to follow suit, say analysts, as they get ready to fend off competition from eight virtual banks due to launch this year Monthly charge of HK$50 for small depositors with ... ( read original story ...)
HSBC : Hong Kong unrest bad for business
The political unrest in Hong Kong in recent days could have serious implications for the enclave’s reputation as Asia’s premier financial centre by boosting the amount of money flowing into arch rival ... ( read original story ...)
Hong Kong behind NYSE, Nasdaq in IPO rankings in first half of 2019 as extradition bill and trade war weigh on sentiment, says Deloitte
Hong Kong’s stock market is expected to rank third, and Shanghai fourth, in global IPO market rankings for the first half this year, according to latest analysis by Deloitte China's National Public ... ( read original story ...)
How Hong Kong defied Xi Jinping
“Hong Kong still serves as China’s most important international financial centre,” says Peter Cheung, professor of politics at the University of Hong Kong. “Any capital flight, [the] leaving of major ... ( read original story ...)
HSBC scraps minimum balance fee for 3 million Hong Kong customers, other lenders expected to follow suit as they brace for threat from virtual banks
... depositors with a passbook savings account and other basic accounts with a balance below HK$5,000 (US$640), has long been viewed as a penalty on some of the bank’s most loyal customers. It was ... ( read original story ...)
HSBC Marketing Chief Suresh Balaji To Chair 2019 Asia-Pacific SABRE Jury
(MENAFN - The Holmes Report) HONG KONG — HSBC's regional head of marketing will serve as the first ever jury chair for the Asia-Pacific SABRE Awards , taking place in Singapore on 12 September. ... ( read original story ...)
Alibaba proposes share split ahead of reported $20B Hong Kong IPO
Alibaba is being heavily linked with a public listing in Hong Kong, which could reportedly happen in Q3 and raise up to $20 billion. The firm is keeping quiet on those rumors, but it did let slip ... ( read original story ...)
Sweden provides a cautionary digital tale for HSBC
HONG KONG, June 18 (Reuters Breakingviews) - HSBC , should brush up on modern Swedish financial history. A batch of online banking licences in Hong Kong opens the $166 billionUK-based lender to new ... ( read original story ...)
Hong Kong opposition movement largely without leaders
HONG KONG — The largely youth-driven movement of black-clad protesters challenging Hong Kong's government over an unpopular extradition bill is a coalition operating without a clear leadership ... ( read original story ...)
Ping An’s OneConnect leaning towards New York over Hong Kong for IPO -sources
HONG KONG, June 17 (Reuters) - Ping An Insurance's OneConnect financial technology unit is leaning toward picking New York over Hong Kong for its initial public offering (IPO) in the hope of achieving ... ( read original story ...)
Alibaba-linked firms mixed after Hong Kong IPO report
Shares in firms linked to Chinese online retail titan Alibaba were mixed Friday, a day after rallying on a report it had filed for a Hong Kong listing that could be the city's biggest initial public ... ( read original story ...)
Hong Kong protests may hit luxury brands like Burberry and Hermes
“Hong Kong has been historically an important market for luxury ... Oscar Williams-Grut covers banking, fintech, and finance for Yahoo Finance UK. Follow him on Twitter at @OscarWGrut. ... ( read original story ...)
Hong Kong market soars as tech, financials rise
Hong Kong and mainland markets rallied on Tuesday, extending gains and tracking a healthy lead from Wall Street, as investors keep tabs on developments in the China-US trade standoff. The Hang ... ( read original story ...)
Heavyweight financials, exporter stocks drag FTSE 100 lower
An index of UK banks, which has been under pressure this week after protests in Hong Kong against a Chinese extradition bill, slipped for the fourth straight session. The dollar was also subdued ... ( read original story ...)