Banks have historically spent a large amount of their IT budgets on maintenance and stability rather than innovation. Viewing Fintechs as disruptors and competitors, traditional banks are closed entit... ( read original story ...)
Deutsche Bank in Hong Kong, Singapore sees exodus of almost 50 investment bankers since May
Keyvan Zolfaghari, a managing director who was head of capital markets solutions for Asia Pacific, joined Goldman Sachs Group. James Thomson, a managing director who was Asia head of transportation an... ( read original story ...)
Hong Kong Stock Exchange Calls Alleged Bitmain IPO Hesitation ‘Rumors’
Recent reports claim that the Hong Kong stock exchange is “hesitant” to consider a Bitmain IPO due to current market conditions. Recent reports allege that the Hong Kong stock exchange is ... ( read original story ...)
Bitmain IPO May Be in Trouble in Hong Kong
The Hong Kong Stock Exchange appears to be reluctant to approve crypto mining giant Bitmain’s application to go public there, possibly because the 2018 bear market is highlighting unreliability in cry... ( read original story ...)
Hong Kong stocks fall, tracking weakness in China, Asia
HONG KONG, Dec 18 (Reuters) - Hong Kong stocks slipped on Tuesday ... the IT sector lost 2.4 percent, while the more defensive financial sector edged down 0.7 percent and the property sector shed clos... ( read original story ...)
Investment Banker Exodus Hits Deutsche Bank in Hong Kong, Singapore
Deutsche Bank AG, the German lender that’s struggling to enact a turnaround, has seen a surge in turnover among investment bankers in Asia since May, as cost-cutting and sinking morale has prompted de... ( read original story ...)
Outstanding Business Leaders and Organizations were Conferred the Prestigious Asia Pacific Entrepreneurship Awards 2018 Hong Kong
HONG KONG, Dec. 19, 2018 /PRNewswire/ -- Enterprise Asia, the leading non-governmental organization for entrepreneurship in Asia, announced 8 winners of The Asia Pacific Entrepreneurship Awards ... ( read original story ...)
HK$13 billion Hong Kong Children’s Hospital starts operating limited service with inpatient wards to start opening in 2019
Hong Kong’s first children’s hospital, which will focus on rare and complex cases, opened its doors on Tuesday, but inpatient services will not commence until next year. The first patients at the HK$1... ( read original story ...)
Hong Kong-based Vistra aims to be one of the global ‘big four’ in the corporate services industry
The traditional offshore company business accounts for about 15 per cent. In addition to digitalising its processes, Vistra is considering a partnership with one of Hong Kong’s new virtual banks, with ... ( read original story ...)
HMV Digital winds up its Hong Kong retail outlets as CDs and DVDs concede to the onslaught of online streaming media
“[T]he HMV Retail business in Hong Kong experienced drastic changes during the past few months,” Shiu said. “The HMV Retail business in Canada had closed all its 102 stores last year due to the impact ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) hit by a double whammy of policy disappointment in China
Hong Kong stocks slipped on Tuesday, hit by a double whammy of policy disappointment in China and depressing share prices across the region. The Hang Seng index fell 1.1 percent to 25,814.25, while th... ( read original story ...)
Future Returns: Negotiating Hong Kong’s Mighty Real Estate Market
Ownership often symbolizes social status and privilege, and Hong Kong’s real estate values have skyrocketed over the last decade. Experts say growth will continue, given the combination of land scarci... ( read original story ...)
Hong Kong university graduates take home less pay than counterparts 30 years ago and one in six ends up in unskilled job, study finds
A degree in Hong Kong can no longer guarantee a decent income, with one in six university graduates taking on low-paid, unskilled work, a study has found. Fresh university graduates are taking home le... ( read original story ...)
Mumbai: Rs 19 crore traced to Hong Kong account
The police believe the money has been transferred from the Hong Kong bank account to several other accounts. An officer said: “In the case of Pune-based Cosmos Bank that had been hacked in a similar m... ( read original story ...)