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Category: FINANCE

Posted on 30/08/2018

Hong Kong’s Important Role In Blockchain And Cryptocurrencies

But what we are looking at building here in Hong Kong is an infrastructure for new businesses and existing businesses, to make sure the technology and innovations remain a key enabler for financial se... ( read original story ...)

Posted on 30/08/2018

“Singapore just doesn’t have decent banking jobs. So I’m applying to Hong Kong instead”

I recently finished an internship at a leading European bank in Singapore and I also received a ‘return offer’ for a full-time risk-management role starting in 2019. That’s the stuff of ... ( read original story ...)

Posted on 30/08/2018

Bank of East Asia’s first-half profits jump 26 per cent as cost-cutting efforts pay off

Bank of East Asia said on Wednesday that earnings from ongoing operations rose 26 per cent as the family-run lender continues to reduce costs and streamline operations, particularly in mainland China. ... ( read original story ...)

Posted on 29/08/2018

Tax incentives on the way to help promote insurance sector, Financial Secretary says

The Hong Kong government will introduce a number of tax incentives to promote marine insurance, reinsurance and specialty insurance as the city battles to become a regional risk management centre, acc... ( read original story ...)

Posted on 29/08/2018

Chinese biotech valuations likely hit as trailblazer’s Hong Kong shares sink

HONG KONG/SAN FRANCISCO (Reuters ... was valued at $2 billion after its initial public offering (IPO) priced at the middle of an indicative range. Its stock debuted on Aug. 1 at HK$14, but by the end ... ( read original story ...)

Posted on 29/08/2018

Hong Kong’s hot property sector show signs of cooling

Rising interest rates, a slowing economy and a depreciating renminbi is starting to cool Hong Kong’s residential property market, the world’s least affordable housing sector. Property developers have ... ( read original story ...)

Posted on 29/08/2018

Terrible tech talent shortages grip Hong Kong banking sector

Talent shortages in Hong Kong banking technology have reached extreme levels across many job functions, new figures reveal. To find out, we analysed our database across 17 key banking-tech sectors ... ( read original story ...)

Posted on 28/08/2018

BOC Hong Kong 1st Half Net Profit From Continuing Operations Up 17.7%

HONG KONG--BOC Hong Kong (Holdings) Ltd. (2388.HK) Tuesday reported a 17.7% increase in first-half net profit from continuing operations, driven by higher interest rates in the city. The Hong Kong-lis... ( read original story ...)

Posted on 28/08/2018

Citi Hong Kong announces senior appointments in consumer banking

Citi announced two senior appointments to its consumer banking team in Hong Kong, effective immediately. Alson Ho has been appointed head of insurance with overall responsibility for the growth and ma... ( read original story ...)

Posted on 28/08/2018

STX’s Bummer Summer: Weak Box Office and Hong Kong Market Woes Fuel IPO Questions

STX Entertainment’s plans for an IPO on the Hong Kong Stock Exchange are facing new questions given a volatile Hong Kong market and a recent string of box office misfires. Melissa McCarthy’s “Happytim... ( read original story ...)

Posted on 28/08/2018

For STX, Box Office Dip And China-U.S. Trade War Cloud Hong Kong IPO Picture

EXCLUSIVE: Ever since it planted a flag in the shifting ground of the movie business, STX Entertainment has fashioned itself a different kind of studio, an operation bent on proving Hollywood’s long-h... ( read original story ...)

Posted on 28/08/2018

Convoy protagonists gather in Hong Kong High Court for day one of hotly anticipated financial battle royal

The first salvoes in a corporate legal battle royal between the two largest shareholders of Hong Kong’s biggest independent financial advisory firm were fired on Monday, as the second largest sharehol... ( read original story ...)

Posted on 28/08/2018

Hong Kong Intervenes to Defend Peg for Fourth Day This Month

adding to an earlier purchase of HK$3.93 billion, according to the de facto central bank’s page on Bloomberg. That took its purchases to HK$25.3 billion in August, the first month it has intervened si... ( read original story ...)

Posted on 28/08/2018

Hong Kong: HANG SENG INDEX (.HSI) stocks rally after Chinese central bank moves to stabilise the yuan

The Hong Kong and mainland China stock markets rallied on Monday, after the Chinese central bank signalled it would guide the market more proactively in the face of a stronger US dollar and the ongoin... ( read original story ...)

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