Category: FINANCE

IS Prime is expanding into Hong Kong through the opening of an IS Prime Hong Kong Ltd office, Finance Magnates confirmed with a company spokesperson. The new office, based in the Sheung Wan commercial district, will be fully operational by the end of February. ( read original story ...)

Hong Kong and Shanghai stocks scored their highest finishes in months on Monday after the three major US indices marched further into record territory last week on US President Donald Trump’s promise of a “phenomenal” tax plan. Hong Kong’s Hang ... ( read original story ...)

The rally in Hong Kong’s stock market and the increase in turnover for the week ending February 10 are likely to continue until the end of the first quarter due to an expected increase in international fund flows after a thawing of the relationship ... ( read original story ...)

So, whoever is the financial secretary, we can’t expect a drastic departure from the long-standing practice,” Chong said, referring to comments that Tsang’s fiscal philosophy was too conservative. Hong Kong’s public coffers offer a golden ... ( read original story ...)

Cornerstone investors taking up huge chunks of Hong Kong IPOs have caused much controversy in recent years, but that looks set to change. China’s foreign exchange regulator has provided a new route for investing in the city’s listings, which is ... ( read original story ...)

While Asia's equity capital markets start the year slowly, envious eyes are being cast across the globe, as New York prepares for a multibillion-dollar IPO from Snap. Based on its initial fundraising target of $3 billion, Snap promises to be the biggest US ... ( read original story ...)

PH specialises in Hong Kong listing work, including Hong Kong IPOs, secondary offerings and post-listing compliance, with a particular focus on Chinese state-owned enterprises. PH has over 20 years of experience, a market-leading reputation, and is ranked ... ( read original story ...)

My first taste of Hong Kong fintech ended in failure and forced me back to a big bank. But now I’m spending all my spare time trying to return to fintech. http://news.efinancialcareers.com/hk-en/270238/tech-trends-asian-finance-2017/ Medhy Souidi had ... ( read original story ...)

That was 1996 and to hear Hung recount the tale in the same office on the 32nd floor of the bank’s HQ in Central, sport was something of a mystery to the people of Hong Kong “with the exception of horse racing and mahjong”. A lot has changed since ... ( read original story ...)

A report on China's private wealth market, conducted jointly by China Merchants Bank and Bain & Company in mid 2015, found 71 percent of about 2,800 Chinese high-net-worth individuals chose Hong Kong as their favourite offshore investment destination. ( read original story ...)

A gauge of Hong Kong developers’ stocks has risen 12.3 per cent this ... said Raymond Yeung, Australia & New Zealand Banking Group Ltd.’s chief economist for greater China. Transactions have fallen by more than half since the new tax, from 6,739 ... ( read original story ...)

When I was leaving Kenya he said, “Jason, one day I will save enough money to come to Hong Kong to visit you.” I knew it was a mission impossible for him. It had me thinking, “How can the world be like this?” Working in an investment bank can make ... ( read original story ...

The People’s Bank of China launched checks into the three exchanges ... in China would likely normalize to around those seen on exchanges elsewhere, like the Hong Kong-based Bitifinex and U.S.-based Coinbase. ( read original story ...)

Compared to 15 years ago, there are more jurisdictions that have a lower tax rate than Hong Kong while Singapore’s effective tax rate is at a similar level with the SAR,” said HSBC Asia Pacific adviser George Leung Siu-kay. He said he expected the ... ( read original story ...)