Category: FINANCE

BoC Hong Kong (Holdings) Limited, the Hong Kong unit of the Bank of China Group, has announced that the completion of a proposed Thailand Share Purchase Acquisition will take place on January 9 2017. Upon completion, BoC Thailand will become an indirect ... ( read original story ...)

HSBC is working with the Hong Kong government to develop the next generation of banking technology at a new digital innovation lab. The bank and the government-funded Hong Kong Applied Science and Technology Research Institute (ASTRI) have joined together ... ( read original story ...)

Hong Kong’s Mandatory Provident Fund generated average gains of 1.26 per cent in 2016, beating the benchmark Hang Seng Index and bank deposit rates, according to data from Thomson Reuters Lipper. The return represents a turnaround from the previous year ... ( read original story ...)

For many banking professionals in both Singapore and Hong Kong – especially those looking for new jobs – 2016 was largely a year to forget. What does 2017 have in store if you’re a job seeker in Asian finance? Recruiters give us their top tips. ( read original story ...)

The government plans to beef up local consumption this year to mitigate economic risks arising from global uncertainty at a time when the city’s retail slump is worsening. Acting Financial Secretary Professor Chan Ka-keung told a Legislative Council ... ( read original story ...)

Hong Kong's former leader Donald Tsang, who ended his term in disgrace after accepting favours from tycoons, pleaded not guilty to bribery charges Tuesday at his high-profile corruption trial. Tsang, 72, held the leadership post of chief executive for ... ( read original story ...)

It’s been a tumultuous year for global equity markets. Asia’s financial center Hong Kong has been swayed by Brexit, Trump, and Fed rate decisions. The territory also faced domestic headwinds of slumping retail and an overheating property sector. ( read original story ...)

Hong Kong led the world in terms of amount of funds raised by initial public offerings (IPOs) in 2016 despite a substantial decline from 2015, leaving Shanghai and New York a distant second and third respectively, according to PwC. Total funds raised by ... ( read original story ...)

China warned Hong Kong it would not tolerate anyone using the city to damage mainland stability, Beijing's top official in the city said, as concerns rise over an emerging independence movement. Tensions have flared in the semi-autonomous territory after ... ( read original story ...)

EVEN if it doesn’t get to host the IPO of Saudi oil giant Aramco, potentially the biggest float of all time, Hong Kong should still be able to maintain its billing as the world’s No. 1 venue for share sales next year. But with limited tech deals on the ... ( read original story ...)

Anti-gay activists have described as “arrogant” and “unacceptable” HSBC’s refusal to hold a dialogue over the display of a pair of multicoloured lions symbolising LGBT rights. The Family School Sexual Orientation Discrimination Ordinance Concern ... ( read original story ...)

HONG KONG - In an environment of increasingly tight liquidity, a regional rural commercial bank in mainland China announced Friday that it planned to tap the Hong Kong market for an initial public offering. Jilin Jiutai Rural Commercial Bank, based in the ... ( read original story ...)

which provided some initial support to Hong Kong equities. US bond yields were slightly lower during Thursday’s session, which also helped underpin the Hang Seng index, although Treasury futures edged lower during the Asian session. The People’s Bank ... ( read original story ...)

The Asian financial hub is one of the least affordable cities in ... who took the helm four years ago and is set to step down after his term completes in June. Hong Kong citizens' monthly median wage stands at HK$15,500 (US$1,998), according to government ... ( read original story ...)