Hong Kong will start sharing stock investor identities under the cross-border Stock Connect share trading schemes with mainland Chinese regulators by the third quarter of 2018, the Securities and Futures Commission (SFC) said on Thursday. The SFC has ... ( read original story ...)
HSBC hosts Saudi Arabia Investment Forum in HK
HONG KONG - HSBC hosted more than 100 institutional investors from across Asia, senior officials from Saudi Arabia and executives from some of the Kingdom’s biggest companies in an invitation-only event focused on the government’s ambitious Vision 2030 ... ( read original story ...)
Hong Kong market falls sharply as tech and insurance stocks plunge
Hong Kong stocks fell sharply on Thursday, dragged down by technology firms such as Tencent, and insurers. The Hang Seng Index dropped for a fourth day, closing down 1.51 per cent, or 446.48 points, to 29,177.35, and the Hang Seng China Enterprises Index ... ( read original story ...)
Bank of East Asia sells consumer finance assets to Chinese lender QL Finance for HK$1 billion
Bank of East Asia, Hong Kong’s largest independent bank, has sold a package of consumer finance assets to Chinese money lender QL Finance for HK$1.08 billion (US$139 million), as part of an ongoing drive to cut costs and streamline operations. ( read original story ...)
Hong Kong government should take two years before starting controversial national security legislation, says former minister
The former minister in charge of mainland affairs in Hong Kong has said the city’s government should kick start the process of national security legislation by July 2019, at the earliest. Raymond Tam Chi-yuen formally joined the race for one of 36 local ... ( read original story ...)
Hong Kong Unveils Investor ID Plan for China Trading Link
The plan is good news for the market and removes uncertainty, said Neil McLean, head of execution trading for Asia ex-Japan at Nomura Holdings Inc.’s wholly owned Instinet Pacific. The Hong Kong Investment Funds Association said in an email that the new ... ( read original story ...)
Malaysian tour group arrested at Hong Kong airport with HK$4 million ketamine
Six members of a sightseeing group from Malaysia have been arrested by customs officers at Hong Kong International Airport for attempting to carry nearly HK$4 million worth of ketamine into the city – the first such arrests in a decade. The Post ... ( read original story ...)
China’s Bank of Communications partners with Hong Kong fintech start-up to use AI in finance
Bocom International, the investment banking arm of the Bank of Communications, has tied up with Hong Kong fintech firm FDT-AI to better understand investors’ behaviour and capture market opportunities based on artificial intelligence technology and big ... ( read original story ...)
Hong Kong Jockey Club helped inspire this Tesla challenger’s Beijing showroom
Inspired by the members-only business model of the Hong Kong Jockey Club, Tencent-backed start-up NIO has just opened a 3,000 square metre “clubhouse” in an upmarket Beijing shopping district as part of a strategy to burnish its own brand and challenge ... ( read original story ...)
Hong Kong listing for Aramco could attract huge Chinese demand: HKEX CEO
“We should basically in a few weeks, hopefully be able to announce a structure where we will have a chapter inside the main board that allows companies to list in Hong Kong, with weighted voting rights structures.” The Asian financial hub’s exchange ... ( read original story ...)
Banks invited to work on Great Wall’s $2bn Hong Kong float
Great Wall will be the third Chinese “bad bank” to list in Hong Kong. The company, along with three other similar groups, was created by China’s finance ministry in 1999 as a vehicle into which non-performing loans could be offloaded from China’s ... ( read original story ...)
Hong Kong listing would help Aramco with huge Chinese demand for IPO: HKEX CEO
SINGAPORE (Reuters) - Hong Kong Exchanges & Clearing (HKEX) (HKSE:0388.HK - News) Chief Executive Charles Li said a Hong Kong listing by Saudi Aramco would help the oil giant to anchor huge Chinese demand for its planned IPO. "It's going to provide ... ( read original story ...)
Teledyne e2v expands presence in Asia Pacific with new office in Hong Kong
“I'm proud that we are able to leverage Teledyne e2v's successful experience of doing business in Asia and taking this important step to ensure we provide end-to-end technical and operational support to our customers via our regional hub in Hong Kong.” ( read original story ...)
Hong Kong Interbank Rate Tops 1% for First Time Since 2008
head of the institutional banking group at DBS Bank (Hong Kong) Ltd. To read more on the threat to Hong Kong home prices, click here “The market is following the U.S. because it expects a Fed rate hike to happen, and it’s near year-end and month-end ... ( read original story ...)