Some may view him as an auditing pioneer and investment banking legend. Others call him a marketer lacking substance and a fraudster. Few will describe him as plain. finews.asia takes a look at the ... ( read original story ...)
Hong Kong’s Bank of East Asia burned by China property loan losses
Bank of East Asia's bottom line plunged during the first half of the year, owing to a spike in impairment charges on loans to mainland China's struggling property sector. The major Hong Kong-based ... ( read original story ...)
China Tourism Group prices Hong Kong IPO at HK$158, raising US$2.1 billion
The world’s largest travel retailer by sales prices Hong Kong IPO at HK$158 per share, helping it raise US$2.1 billion in what amounts to the city’s top deal this year. ( read original story ...)
Trucpal Token seeks to be traded in the Hong Kong financial market in the future
(“HGC”), the issuer of Trucpal Tokens (“Trucpal”), officially announced its Global Partnership Program. Hong Kong Digital Asset Ex Limited (“HKbitEX”) became one of HGC’s first partners. Trucpal has ... ( read original story ...)
Ex-Hong Kong central banker Norman Chan says Greater Bay Area needs ‘capital connect’ to spur freer flow of funds
Newer and deeper connect schemes than Stock Connect, Bond Connect and Wealth Management Connect needed for development zone, former HKMA CEO says More needs to be done for the free movement of goods, ... ( read original story ...)
HSBC raises mortgage rate, dealing a blow to Hong Kong homeowners, with other banks set to follow suit
Someone taking on a 30-year, HK$5 million mortgage at a rate of Hibor+1.3 per cent, will pay an extra HK$1,324 per month The mortgage businesses of banks in Hong Kong are about to enter 'a cold winter ... ( read original story ...)
AMTD Digital parent behind 32,000% IPO under probe by HK regulator
Despite just US$25m full-year revenue, AMTD Digital's market capitalisation briefly surged above US$400b in early August. Read more at straitstimes.com. ( read original story ...)
HSBC, Standard Chartered raise mortgage rate cap
Two major local banks have moved to raise interest rates on new mortgages linked to the Hong Kong Interbank Offered Rate (HIBOR). Both HSBC and ... ( read original story ...)
Hong Kong regulator probes investment bank whose share price jumped 32,000% after listing
Bloomberg: The Hong Kong financial group behind an initial public offering that stunned Wall Street by soaring more than 32,000% following its debut has drawn regulatory scrutiny over deals it ... ( read original story ...)
Who is Calvin Choi? AMTD Being Probed in Hong Kong After Mysterious Share Boom Made Unknown Banker Asia’s Sixth Richest Person
At one point AMTD Digital's market capitalization went above $400 billion only to nosedive soon, wiping out billions of dollars of investor wealth. At its peak, the little-known ATMD's market ... ( read original story ...)
GREY Hong Kong spotlights the genius of critical illness fighters to power new HSBC Life campaign
HSBC Life has appointed GREY Hong Kong to launch its new “HSBC Swift Guard Critical Illness Plan”. Hesitant to create just another insurance campaign, GREY took inspiration from real life critical ... ( read original story ...)
Hong Kong Defies Doomsayers With Splash in Offshore Yuan Debt
Predictions of a decline in Hong Kong as a financial hub look premature, at least as far as offshore yuan debt deals are concerned.Most Read from BloombergApple Targets Sept. 7 for iPhone 14 Launch in ... ( read original story ...)
Investment Bank Behind 32,000% IPO Probed by Hong Kong Regulator
The Hong Kong financial group behind an initial public offering that stunned Wall Street by soaring more than 32,000% following its debut has drawn regulatory scrutiny over deals it arranged in the ... ( read original story ...)
HSBC, Citigroup and the end of global banking as they knew it
The paring back of international ambitions of both banks to core markets tracks the retreating arc of globalisation. ( read original story ...)