Category: FINANCE

Hang Seng Bank, the 85-year-old Hong Kong lender owned by HSBC, said it will allow existing customers with good credit histories to apply for personal loans, as it uses big data analysis and financial technology to replace old-fashioned banking practises. ( read original story ...)

BOC Hong Kong (Holdings) Limited, BOCHK's holding company, is one of the largest listed companies on the main board of the Stock Exchange of Hong Kong, with stock code "2388" and ADR OTC Symbol "BHKLY". ( read original story ...)

Hong Kong billionaire Richard Li is laying the groundwork for a potential initial public offering of his insurance company FWD Group after five years of building the business through acquisitions, people familiar with the matter said. FWD, which is backed ... ( read original story ...)

Hong Kong topped global rankings in terms of initial public offering volumes in the first half of 2018 and highly anticipated technology listings that are in the works in the six months ahead are expected to give markets an additional boost. The Chinese ... ( read original story ...)

NEW DELHI: Nirav Modi group's exposure was not limited to only Punjab National Bank's (PNB) Brady House branch in Mumbai, as the firms had availed loan facility from its Hong Kong and Dubai branches too, according to an internal report of the bank ... ( read original story ...)

The Hang Seng China Enterprises Index shows how far the needle on China has moved from greed to fear. Back in January, the gauge of Hong Kong-listed Chinese stocks ... Industrial & Commercial Bank of China Ltd., one of the nation’s biggest companies ... ( read original story ...)

EY forecasts a total of HK$200 billion ($25.5 billion) in funds to be raised in IPOs in Hong Kong this year. Things are expected to heat up, with tech companies like Xiaomi and Meituan Dianping set to come to market in the months ahead. The first China ... ( read original story ...)

Bank of China (Hong Kong) Limited ("BOCHK") would like to alert its customers and the general public to a phishing email purported to be sent by BOCHK. The phishing email sent out by Bank of China Hong Kong requests customers ... ( read original story ...)

HONG KONG/SHANGHAI (Reuters) - China's Meituan Dianping, an online food delivery-to-ticketing services platform, is bringing its initial public offering (IPO) to Hong Kong, where it aims to raise over $4 billion, three people with knowledge of the deal said. ( read original story ...)

The introduction of a new licensing regime for virtual banks by the Hong Kong Monetary Authority this year, which deliver retail banking services through the internet or other electronic channels instead of physical branches, is a significant factor in ... ( read original story ...)

Xiaomi’s US$6.1 billion initial public offering was subscribed to by Li Ka-shing, Jack Ma Yun and Pony Ma Huateng, but given the cold shoulder by most of Hong Kong’s retail investors, an ominous sign for the city’s bellwether fundraising attempt of 2018. ( read original story ...)

Users of PayMe, HSBC’s mobile payments app, will be able to use it on e-commerce platform HKTVmall this week, Hong Kong’s biggest bank announced on Monday. The partnership with HKTVmall, which features more than 3,000 retailers selling everything from ... ( read original story ...)

Hoping to take advantage of the growing wealth in Asia, BOC Hong Kong (Holdings) Ltd is looking to expand its presence in the region. The bank has risen to join the top 20 biggest private lenders in Asia just four years after it entered the financial industry. ( read original story ...)

SEOUL, Korea, Republic Of — Chinese smartphone maker Xiaomi Corp. plans to raise up to $6 billion in one of the biggest global stock market debuts in recent years as it tries to become a worldwide hardware-and-services brand alongside Apple, Google and ... ( read original story ...)