Category: FINANCE

Snap Inc., the hot then very cold IPO, could only dream of performing as well as Meitu, the maker of popular selfie apps in China. At least on the good days. Meitu, like its U.S. counterpart, is newly listed and unprofitable. The difference is Snap’s ... ( read original story ...)

You want to make big money in Hong Kong banking. Here’s where to work. http://news.efinancialcareers.com/hk-en/276659/compliance-private-banker-asia/ In which jobs will you earn the highest base salaries in Hong Kong banking? And how much will you ... ( read original story ...)

US$51 million was processed by Hang Seng Bank in Hong Kong and mainland China, the OCCRP said. The money processed by HSBC was largely routed via Hong Kong, the UK’s Guardian newspaper reported. “HSBC is strongly committed to fighting financial crime ... ( read original story ...)

Hong Kong, according to the latest analysis from the Economist Intelligence Unit, is the second most expensive city in the world to live in, beaten only by Singapore, which is in a league of its own. London, on the other hand, has dropped from sixth place ... ( read original story ...)

A Hong Kong activist who was attacked by seven police officers during mass pro-democracy rallies in 2014 was jailed Tuesday after he dropped an appeal bid. Ken Tsang was found guilty last year of assaulting and resisting officers during the "Umbrella ... ( read original story ...)

SHANGHAI, March 20 Hong Kong stocks powered to 19-month closing highs on Monday ... and vowed to restrict lending to the sector. The Hang Seng index rose 0.8 percent, to 24,501.99, while the China Enterprises Index gained 0.7 percent, to 10,583.98 points. ( read original story ...)

We believe the Hang Seng Index Inverse ETF product（7302.HK ... In addition, no more than 90% of the product's net asset value will be invested in bank deposits and Hong Kong dollar denominated cash management instruments such as Exchange Fund Bills ... ( read original story ...)

An increase in southbound traffic from mainland investors taking advantage of Stock Connect trading schemes, which link Hong Kong with bourses in Shanghai and Shenzhen, is helping to drive the current rally. The Hang Seng China Enterprises Index ... ( read original story ...)

Chinese shares .SSEC added 0.2 percent, while Hong Kong's Hang Seng .HSI advanced 0.6 percent ... On Friday, Wall Street was flat to negative, dragged lower by bank shares that fell along with Treasury yields. Financial leaders from the world's biggest ... ( read original story ...)

Hong Kong will allow retail investors to buy and sell its home Hang Seng indices via sophisticated exchange traded products as the city seeks to develop a market to rival those of Seoul and Toyko. The use of leveraged and inverse exchange traded funds has ... ( read original story ...)

HONG KONG (NewsRise) -- Hong Kong shares headed for a third straight day of gains as expectations of earnings growth from Tencent Holdings and a special dividend from China Shenhua Energy helped fuel strong inflows from mainland investors. The Hang Seng ... ( read original story ...)

Artist Siu Wai ... with Hong Kong's gargantuan skyscrapers themselves. A dystopic, Eschersque aluminum sculpture by Vaan Ip evoking Hong Kong's dizzying verticality becomes far more effective when viewed with architect I.M. Pei's Bank of China Building ... ( read original story ...)

KEEPING SCORE: The Shanghai Composite Index shed 0.1 per cent to 3,232.84 while Hong Kong's Hang Seng rose 0.6 per cent to 24,452.51 ... fell on the New York Stock Exchange. The U.S. central bank said that it still plans a total of three increases this ... ( read original story ...)

Financial Secretary Paul Chan Mo-po on Sunday urged homebuyers to be cautious, warning that the impact of further US interest rate rises could curb Hong Kong’s soaring property prices. The warning, in Chan’s weekly blog, came a day after it emerged ... ( read original story ...)