While Goldman Sachs and Bank of America have cut jobs in Hong Kong only recently, layoffs have been taking place throughout the year at other firms. Barclays, for example, culled equities roles back in January. Some foreign banking professionals have ... ( read original story ...)
Hong Kong homes becoming more affordable than China, BofA says
[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: An Emerging FinTech Destination
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 ...)
Barclays private bankers moving to StanChart in Hong Kong
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 rebound, helped by China gains
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 ...)
Moody’s Says Hong Kong Property Rebound Adds to Banking Risks
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 ...)
Hong Kong: Why is there chaos in parliament?
Unprecedented scenes have been playing out recently in Hong Kong's Legislative Council, the territory's main lawmaking body. On Wednesday, dozens of lawmakers staged a walk-out ahead of a second attempt to swear in newly elected pro-independence lawmakers. ( read original story ...)
Hong Kong: Tensions flare over pro-freedom politicians
Activists Baggio Leung, right, and Yau Wai-ching after pro-Beijing MPs tried to stall their swearing-in [Bobby Yip/Reuters] Dozens of pro-Beijing politicians have staged a walk-out from the Hong Kong legislature to stall the swearing in of two pro ... ( read original story ...)
Pro-Beijing side thwarts new Hong Kong lawmakers' oath ceremony
HONG KONG -- Tensions flared at Hong Kong's legislature Wednesday as pro-Beijing lawmakers prevented a pair of newly elected representatives advocating independence for the Chinese region from getting a second chance at taking their oaths. Sixtus Leung and ... ( read original story ...)
HANG SENG BANK : ex-dividend day for interim dividend
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 ...)
Hong Kong court allows lawmakers to take office
Hong Kong's government has failed to block two pro-independence lawmakers from taking their oaths in a last-ditch legal challenge. Judge Thomas Au of the High Court rejected a request for their swearing-in to be delayed for a judicial review. Yau Wai-ching ... ( read original story ...)
Hong Kong boat passenger missing after falling with 12 others into stormy waters
A Hong Kong boat passenger was missing on Tuesday afternoon after being tossed along with 12 others into choppy seas off Sai Kung in the midst of heavy rain. A rescue operation was under way for the missing passenger after the other 12 were recovered from ... ( read original story ...)
Hong Kong fails to delay pro-independence lawmakers from taking office
HONG KONG: The Hong Kong government failed in an unprecedented legal attempt on Tuesday to halt the swearing-in of two newly elected lawmakers seeking to push for independence for the autonomous region. High Court Judge Thomas Au rejected its last-ditch ... ( read original story ...)
Hong Kong Bunkering Halted Due to Strong Winds
Market sources said Hong Kong bunker operations remained halted Tuesday due to strong winds from Typhoon Sarika, Platts reports. It is reported to be unclear when bunkering operations could resume at Hong Kong, with wind levels Tuesday afternoon said to be ... ( read original story ...)