Category: FINANCE

This is the most number of bank branches ever closed in Hong Kong, except when the city faces severe typhoons and all branches are shut 16 major banks are closing a total of 276 branches because of ... ( read original story ...)

SHANGHAI, Feb 14 (Reuters) - Standard Chartered Bank (Hong Kong) Ltd said on Monday that it has become the first foreign bank qualified as a direct participant in China's Cross-border Interbank ... ( read original story ...)

“A total lockdown of the entire Hong Kong territory would not be feasible and would do great harm to our status as an international financial center,” Tong said. “But would there be a district ... ( read original story ...)

This suggests that Asian countries could make the most progress by strengthening their banking and investment institutions, perhaps by enhancing transparency and corporate governance. Hong Kong is ... ( read original story ...)

Hozon New Energy Automobile Co., a startup that makes affordable electric vehicles, has picked banks including China International Capital Corp. and Citic Securities Co. for an initial public offering ... ( read original story ...)

Retail investors in Hong Kong will soon be able to buy green bonds for as little as HK$10,000 ($1,281) as the city looks to expand its role as a sustainable finance hub. The Hong Kong government is ... ( read original story ...)

The Security Bureau froze around HK$140,000 worth of assets in connection to the case citing the Implementation Rules for Article 43 of the Beijing-imposed security legislation. The amount frozed ... ( read original story ...)

The bonds, which will have a tenor of three years, guarantee a minimum payment of 2 per cent Hong Kong identity card holders will be able to subscribe in HK$10,000 increments starting March 1 Hong ... ( read original story ...)

With the banking industry legally requiring customers to prove their ... A recent study—conducted by Denise Tse-Shang Tang, an assistant professor at Hong Kong’s Lingnan University, and Celine Tan, ... ( read original story ...)

is planning to file a listing application to the Stock Exchange of Hong Kong as early as the end of February for an around US$2bn IPO, said people with knowledge of the matter. The listing is expected ... ( read original story ...)

Blank cheque firm Ace Eight Acquisition Corp filed a Hong Kong listing application on Monday, the latest to join a fast-growing pipeline of IPOs in the city by special purpose acquisition companies ... ( read original story ...)

Hong Kong stocks weakened amid concerns a wider city lockdown to stem the fifth wave of Covid-19 outbreak will hurt the economy, while geopolitical risks over Russia and Ukraine fanned a flight to ... ( read original story ...)

Hong Kong’s hospitals are struggling to cope with the surge in coronavirus cases and are short of beds, as per a report by the South China Morning Post. Meanwhile, the People’s Bank of China (PBOC) ... ( read original story ...)

A veteran of HSBC’s business in Asia has been picked to lead the bank’s operations in its single biggest market of Hong Kong. The FTSE 100 lender said that Luanne Lim, who has been running the Hong ... ( read original story ...)