The move came as the Hong Kong dollar fell to a fresh 33-year low, and looked set to test the low end of its trading band, which would prompt the de facto central bank to intervene. The Fed raised interest rates by a quarter of a percentage point in its ... ( read original story ...
Former Supreme Court of Canada chief justice Beverley McLachlin to be judge in Hong Kong
Hong Kong's top court has appointed former Supreme Court chief justice Beverley McLachlin to sit as a non-permanent common-law judge on the Court of Final Appeal. McLachlin, who recently retired from Canada's Supreme Court, will take up her new role once ... ( read original story ...)
Hong Kong’s new top Basic Law official: the bureaucrat involved in drafting recent amendments to China’s constitution
In what is being seen as a move to highlight the importance of the national constitution for Hong Kong and Macau, bureaucrat Shen Chunyao ... as head of both the Basic Law committees of the two cities, state news agency Xinhua reported. ( read original story ...)
Filmart: ‘Operation Red Sea’ Backer Er Dong Cultural Group Plans Hong Kong IPO
The fledgeling studio is producing the John Woo-produced Chinese-language remake of the action auteur's 1989 classic 'The Killers.' Three-year-old Beijing-headquartered Chinese studio Er Dong Cultural Group is planning an IPO on the Hong Kong Stock ... ( read original story ...)
Hong Kong’s Hottest Property Lender: The Bank of Mom and Dad
Home prices in Hong Kong are climbing much faster than household incomes, forcing young home buyers to turn to mom and dad for financial help. The median family’s annual household income of 319,000 Hong Kong dollars (US$40,666) represented just 5% of the ... ( read original story ...)
SG and HK recruiters warn bankers against these 13 terrible CV cliches
Recruiters in Singapore and Hong Kong are now overwhelmed with CVs – so don’t annoy them by putting these cliches on your CV. https://news.efinancialcareers.com/sg-en/193407/career-change-asian-banking/ As banking professionals in Hong Kong and ... ( read original story ...)
“Most Hong Kong grads think Chinese banks are strictly second tier. So do I”
I should know, I’ve worked for one of each. https://news.efinancialcareers.com/hk-en/305691/chinese-vs-western-banks/ Later this year I’m starting out as an M&A analyst at a major US bank in Hong Kong. Like most of my cohort, I got the role by acing my ... ( read original story ...)
HK regulator imposes fine on UBS for trading control failure
The latest SFC action comes nearly two weeks after UBS said the Hong Kong regulator had blocked it from sponsoring IPOs for 18 months. The suspension, which the Swiss bank is appealing, is not effective until its appeal has been ruled upon. The Swiss bank ... ( read original story ...)
Hong Kong property firm New World Development joins green financing trend with US$459 million loan
Hong Kong property firm New World Development said it had taken out city’s first green loan, borrowing HK$3.6 billion (US$458.8 million) from a group of local and international banks and joining the growing pack of companies to tap capital through green ... ( read original story ...)
Hong Kong launches action plan on human trafficking but critics say more must be done
Hong Kong has launched an action plan to step up the fight against human trafficking and protection for 370,000 foreign domestic helpers in the city, the No 2 official announced on Wednesday, amid repeated criticism by the United States and human rights ... ( read original story ...)
Unmarried or living in a micro flat: Hong Kong’s high property prices driving rise of tiny homes and delayed marriages – survey
Property is a hot topic in Hong Kong. But high prices mean that the dream of owning real estate in the city remains just that for many. That is one of the findings of a recent survey by property specialists REA Group, which found many people in Hong Kong ... ( read original story ...)
Hong Kong brokers bypass AI chatbots in favour of social media apps
according to a survey by the Hong Kong Securities Association. Banks such as HSBC and Standard Chartered Bank are leveraging AI-powered chatbot platforms to answer enquiries by customers, trhjoining a growing global trend which is seen as offering improved ... ( read original story ...)
Hong Kong regulator imposes fine on UBS for trading control failure
The latest SFC action comes nearly two weeks after UBS said the Hong Kong regulator had blocked it from sponsoring IPOs for 18 months. The suspension, which the Swiss bank is appealing, is not effective until its appeal has been ruled upon. The Swiss bank ... ( read original story ...)
Hong Kong Stock Exchange Looks to ASX for Blockchain Equity Settlement
The Hong Kong Stock Exchange (HKEX ... As reported by CoinDesk, the ASX announced last December that, using technology developed by blockchain startup Digital Asset, it has become the first stock exchange to have shifted one of its main services to ... ( read original story ...)