It's a pleasure to be here today. My thanks to the Hong Kong Association of Banks for giving me this welcome opportunity to speak to the institutions and the professionals who have made banking and finance one of Hong Kong's great assets. Our ticket to the ... ( read original story ...)
China’s Central Bank Could Adjust Policy Again, Goldman Sachs Says
senior China economist at Goldman in Hong Kong, wrote in a note. Unlike global peers, the People’s Bank of China doesn’t make scheduled policy rate announcements, and speeches are relatively rare. The reaction function, or how PBOC officials led by ... ( read original story ...)
Bank encourages staff to vote ‘regardless’ of position on same-sex marriage
It has nothing to do with banking,” the source alleged. Unity is CBA’s internal LGBTI community and allies network and has groups established in every Australian state, along with New York, London, Hong Kong and Auckland. The CBA website states that ... ( read original story ...)
HSBC chief ‘used codeword to tip off forex traders’
Patricia Hurtado With just four words, Mark Johnson allegedly passed a secretive signal to fellow HSBC currency traders to launch a ... in which Johnson allegedly tipped off a trader in Hong Kong. That signal eventually reached others on both sides of ... ( read original story ...)
Witnesses to horror: the Allied civilians in wartime Hong Kong who watched, helpless, as Chinese starved at hands of Japanese
Their leader was Vandeleur Grayburn, chief manager of the Hongkong and Shanghai Banking Corporation, the man regarded by some as the real ruler of pre-war Hong Kong: “the Governor’s governor”. All in all, about 100 adult enemy civilians were allowed ... ( read original story ...)
“My Watch Is Off”: HSBC Traders Used Code Words To Trigger Front-Running Trades
According to prosecutor Carol Sipperly, former HSBC currency trader Mark Johnson used just four ... in which Johnson allegedly tipped off a trader in Hong Kong. That signal eventually reached others on both sides of the Atlantic, she said. ( read original story ...)
Hong Kong legislature’s finance chief to issue ‘chairman directives’ to curb filibustering
The pro-establishment lawmaker who heads the Finance Committee of Hong Kong’s legislature plans to introduce a set of “chairman directives” in an effort to curb filibustering over government funding applications. Committee chairman Chan Kin-por ... ( read original story ...)
Sichuan Energy, China Boqi seek HK IPO approvals
Sichuan Energy Investment Development Co is looking to list on the Hong Kong Stock Exchange ... the sole sponsor of the IPO. Sichuan Energy operates in Yibin city, in China’s Sichuan province. It has a vertically integrated model, with a full power ... ( read original story ...)
Haitong UniTrust, Bestway eye October end for IPOs
Haitong UniTrust is preparing for a late October or early November launch of its potential $500m Hong Kong listing, according to a banker ... the China Securities Regulatory Commission for the IPO. It expects to get the go-ahead from the regulator in ... ( read original story ...)
Hong Kong Bourse Due For Profit Taking
BOC Hong Kong shed 0.78 percent, Hong Kong and China Gas added 0.54 percent, CNOOC gained 0.40 percent, New World Development was up 0.35 percent, Industrial and Commercial Bank of China added 0.16 percent and China Petroleum and Chemical (Sinopec ... ( read original story ...)
Hong Kong’s Jacobson Pharma Raises $64 Million For M&A
Currently, Jacobson's business involves traditional Chinese medicines for the Hong Kong market. One year ago, Jacobson completed an $85 million IPO on the Hong Kong exchange, 45% of which was earmarked for strategic acquisitions. ( read original story ...)
HSBC Traders Used Code Word to Trigger Front-Running, U.S. Says
With just four words, Mark Johnson allegedly passed a secretive signal to fellow HSBC Holdings Plc currency traders to launch ... in which Johnson allegedly tipped off a trader in Hong Kong. That signal eventually reached others on both sides of the ... ( read original story ...)
US Alleges HSBC Currency Unit Used Code to Trigger Front-Running Trades
A group of HSBC Holdings Plc currency traders in London and New York ... in which Johnson can be heard tipping off a trader in Hong Kong, a signal that she said eventually reached others on both sides of the Atlantic. Prosecutors say Johnson and Stuart ... ( read original story ...)
HSBC, Hang Seng back down on cash deposit machine disputes
Two customers who suffered a combined loss of HK$20,000 from malfunctioning cash deposit machines (CDMs) operated by HSBC and Hang Seng Bank got their money back. The two said the banks at first refused to make compensation or allow them to review CCTV ... ( read original story ...)