Category: FINANCE

Hong Kong's Hang Seng lost 0.8 percent to 23,740.73 while the Shanghai Composite index in mainland China climbed 0.4 percent to 3,241.73. Australia's S&P/ASX 200 shed 0.2 percent to 5,712.20. CURRENCIES: The dollar slipped to 112.31 yen from Monday's 112 ... ( read original story ...)

Bank of China (BOC), one of the five biggest state-owned commercial banks in China, announced yesterday that it will restructure its Cambodia operations away from the parent company by selling the assets to BOC Hong Kong for $171 million in two separate ... ( read original story ...)

http://news.efinancialcareers.com/hk-en/240774/banking-salaries-hong-kong-vs-singapore/ Matthew, 29, is a Hong Kong-based banker from Australia. He works in a VP role at a large investment bank and admits that Hong Kong has its hedonistic side. ( read original story ...)

The Hong Kong Hang Seng Index Thursday opened higher on overnight Wall Street cues, but traded down through morning and afternoon sessions, finishing off 0.20% as traders eyed a tighter policy outlook by the U.S. Federal Reserve and a same-day decline in ... ( read original story ...)

Hong Kong stocks erased morning gains to close lower on Thursday after a rally in early trading shifted to a cautious investment tone with the increased potential for a US interest rate increase this month. The Hang Seng Index fell 0.2 per cent or 48.4 ... ( read original story ...)

Now, the Hong Kong dollar (pegged to the U.S. dollar) has strengthened against the Chinese yuan (Exchange: CNY=), and is hurting business as well. Dickie Wong, executive director of research at Kingston Financial Group, told CNBC that mainland Chinese ... ( read original story ...)

(The following statement was released by the rating agency) HONG KONG, February 28 (Fitch) Fitch Ratings has today assigned an expected 'BBB(EXP)' rating to China Everbright Bank, Hong Kong Branch's proposed long-term senior unsecured US dollar notes to be ... ( read original story ...)

The Hong Kong property developers rated by Fitch are generally interested ... which jointly won the site in Ap Lei Chau for HKD16.9bn; a consortium led by Goldin Financial Holdings (unrated) which won the site at Ho Man Tin with a total development cost ... ( read original story ...)

* says Market Misconduct Tribunal sanctions Yorkey Optical, its CEO and financial controller for late disclosure of inside information Source text in English: bit.ly/2l7Fuky (Reporting by Hong Kong newsroom) Next In Financials ( read original story ...)

In a bid to boost growth amid sluggish retail sales, soaring property prices and the potential for further interest rate increases, Hong Kong’s Financial Secretary Paul Chan announced measures to support infrastructure, senior citizens and salaried workers. ( read original story ...)

The Americans actually take a view that financial crime is a serious issue. They are not scared to put people into jail.' - Bill Majcher, former Mountie who advises banks in Hong Kong Bill Majcher, who spent 22 years with the RCMP and now heads a Hong Kong ... ( read original story ...)

HONG KONG, CHINA--(Marketwired - Feb 28, 2017) - Meetings and Exhibitions Hong Kong (MEHK) has concluded its largest-ever Top MICE Agents Awards Ceremony and Familiarisation Trip, held from 22 to 26 February 2017, recognising over 50 top-performing agents ... ( read original story ...)

SafeCharge (LON:SCH) a payment technologies provider for the financial services industry, has greatly expanded its focus in Asia, opening offices in both Singapore and Hong Kong, two of the biggest hubs in the region, according to a regulatory filing. ( read original story ...)

Chan replaced John Tsang Chun-wah as financial secretary in January, when the latter started his campaign to become Hong Kong’s chief executive. Chan only has four months remaining in his current term, but will move into the Deep Water Bay mansion ... ( read original story ...)