Hang Seng Bank: A Resilient Play In Hong Kong, For Now

Hang Seng Bank is the third largest and one of the best managed in Hong Kong, but its financial position slowly deteriorates due to the slowdown in China. In terms of Price/Earnings and Price/Book Value, Hang Seng's stock is very expensive, particularly ... ( read original story ...)

HSBC launches new R&D lab for fintech in Hong Kong

HSBC and the Hong Kong Applied Science and Technology Research Institute (ASTRI) launched a research and development innovation laboratory on Monday, the latest in a series of initiatives to boost the development of financial technology (fintech) in the city. ( read original story ...)

Hong Kong stocks end morning lower before slew of bank earnings

Hong Kong stocks finished lower on Friday morning, as investors cautiously awaited a slew of earnings results from Chinese banks. The Hang Seng Index dropped 0.43 per ... with ICBC slipping 0.42 per cent, Bank of Communications down 0.3 per cent, and ... ( read original story ...)

BOC Hong Kong : BOCHK 9-month opg profit before impairment up 2%

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 ...)

BOC Hong Kong : net up 2.48pc but bad loans soar

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 regulators probe UBS on initial public offerings

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 ...)

Swiss bank UBS in Hong Kong investigation for IPO work

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 ...)

British banker pleads not guilty to murder in Hong Kong trial

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 braces for severe Typhoon Haima

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 ...)