Category: FINANCE

[HONG KONG] Chinese buyers are stepping up home purchases in Hong Kong, where prices are becoming "relatively more affordable" compared with some major mainland cities, according to Bank of America Merrill Lynch. Interest from mainland buyers, amid a surge ... ( read original story ...)

Hong Kong has evolved into a global finance hub with the presence of 70 banking conglomerates. As one of the traditional big financial capitals in the world, Hong Kong provides an opportunity for financial technology to gain traction in the local market. ( read original story ...)

More than 10 Barclays relationship managers in Hong Kong are joining Standard Chartered ahead of the transfer of the business to Oversea-Chinese Banking Corp. Barclays agreed in April to sell its private-banking operations in Hong Kong and Singapore to ... ( read original story ...)

Hong Kong shares were also boosted by data showing Chinese banks ... while money supply growth edged up, indicating the central bank is keeping policy accommodative to support economic growth. Most sectors rose, with properties and construction and ... ( read original story ...)

Hong Kong’s property market rebound creates potential risks for the mortgage books of the city’s banks, according to Moody’s Investors Service. “Banks will face even higher latent risks in future mortgage underwriting, as their valuations catch up ... ( read original story ...)

08:10p DJ MARKET SNAPSHOT: Stocks Slump As Investors Shrug At Solid Earnings To Focus On .. 08:03p ROYAL BANK OF SCOTLAND: RBS says RT's bank accounts in Britain are still operat.. 07:43p DJ MARKET SNAPSHOT: Stocks Dip As Investors Shrug At Better-than ... ( read original story ...)

Located deep in the wetlands region of Hong Kong is a mill that stopped operating nearly a decade ago. Once a part of the city's thriving textile industry, which has since migrated to mainland China, the 55-year-old building has been spared demolition. ( read original story ...)