Category: FINANCE

HK$22,336 million, an increase of 2% over the same period last year. For the third quarter of 2016, the operating profit before impairment allowances dropped 10.5% quarter-on-quarter to HK$7,411 million. Net operating income before impairment allowances ... ( read original story ...)

Bank of China (3988) said net profit rose 2.48 percent year-on-year to 134.81 billion yuan (HK$154.35 billion) in the first nine months of this year, despite weaker profitability and rising bad loans. The net interest margin, a measure of banks ... ( read original story ...)

HONG KONG--BOC Hong Kong (Holdings) Ltd. (>> BOC Hong Kong (Holdings) Ltd) said late Wednesday its operating profit before impairment allowances for the January-September period rose 2% from a year earlier to 22.34 billion Hong Kong dollars (US$2.88 ... ( read original story ...)

HONG KONG Swiss bank UBS (UBSG.S) said Hong Kong's securities regulator is investigating its role as sponsor of certain unnamed stock market listings in the city, with the intention to start unspecified action against the bank and some of its employees. ( read original story ...)

HONG KONG - Swiss bank UBS said Friday that Hong Kong regulators are investigating its work on some initial public offerings on the southern Chinese financial centre's stock market. UBS also said that the city's Securities and Futures Commission notified ... ( read original story ...)

HONG KONG - Swiss bank UBS says it's being investigated by Hong Kong regulators over its work on some initial public offerings on the southern Chinese financial centre's stock market. UBS also said Friday that the city's Securities and Futures Commission ... ( read original story ...)

Hong Kong and China have improved their standing when it comes to ease of doing business but the best performer was the tiny island nation New Zealand, according to World Bank research. Hong Kong was ranked fourth in the annual “Doing Business” report ... ( read original story ...)

A British banker accused of the grisly 2014 killings of two Indonesian women pleaded not guilty when he went on trial Monday in Hong Kong, in a case expected to highlight the Asian financial hub’s inequality and privileged lifestyle of its wealthy expat ... ( read original story ...)

HONG KONG Oct 21 Hong Kong was bracing on Friday for Typhoon Haima with destructive 145 kmh (86 mph) winds at its centre, forcing authorities to shut all but essential services in the global financial hub. The Hong Kong Observatory raised its typhoon 8 ... ( read original story ...)

Hong Kong was picking up fallen trees and fixing disrupted flight schedules Friday after Typhoon Haima shut financial markets, schools and shops across the city. The storm weakened and veered east of Hong Kong, sparing the Asian financial center damage on ... ( read original story ...)

Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), has issued an update to its Alert List which includes the names of businesses that are unlicensed in Hong Kong and which have been caught targeting Hong Kong investors. ( read original story ...)

Visa Inc. V recently announced that consumers in Hong Kong would now be able to complete online transactions with their Visa cards on Android Pay. Customers using Android devices with the version KitKat 4.4 or higher and having NFC connectivity can easily ... ( read original story ...)

This past week, in a speech delivered in New York City, Hong Kong Financial Secretary, John C Tsang provided an update on how Hong Kong expects to become a leader in disruptive finance. Tsang started by pointing out that Hong Kong has consistently been ... ( read original story ...)

BOC Hong Kong’s funding costs “are relatively low” because it has a large pool of deposits in its current and savings accounts, Yip said. “Our margins aren’t bad compared to” segments like syndicated loans and large corporate lending ... ( read original story ...)