ACRO Biomedical, a Taiwan-based developer of skin, bone and cornea graft materials, plans to restructure via a reverse takeover and seek an initial public share offer in Hong Kong so that it can tap into the mainland China market. The company, based in ... ( read original story ...)
Hong Kong Bank Customers Ready to Embrace Artificial Intelligence and Automation in Digital Banking – Unisys Banking Insights Survey
Hong Kong consumers willing to allow banks to share data for Open Banking-based services - but privacy objections must be overcome for wide adoption HONG KONG and BLUE BELL, Pa., April 25, 2018 /PRNewswire/ -- New research from Unisys Corporation (UIS ... ( read original story ...)
Plan for new ‘Hong Kong Town’ in mainland China sparks backlash
Hong Kong's housing prices are among the world's most expensive, with many residents living in increasingly cramped conditions at spiralling costs and small businesses struggling to survive sky-high rents. A proposal to build a commuter town for ... ( read original story ...)
Hong Kong conglomerate Goldin Financial’s stock soars on plan to sell property worth US$1.6 billion to chairman
Hong Kong conglomerate Goldin Financial Holdings plans to sell two pieces of land in the city’s Ho Man Tin area worth HK$12.4 billion (US$1.6 billion) to mainland billionaire Pan Sutong, who is also the company’s chairman. The company’s shares jumped ... ( read original story ...)
Big Bang Means Buyer Beware in Hong Kong IPOs
Other likely candidates include smartphone maker Xiaomi Corp., Alibaba affiliate Ant Financial Services Group and Lufax, the peer-to-peer lending unit of Ping An Insurance (Group) Co. Those three between them could add $300 billion to Hong Kong’s market ... ( read original story ...)
Bank of China HK uses blockchain in almost all real estate appraisals
Blockchain is at the core of the Bank of China Hong Kong (BOCHK) operation, with almost all of its real estate appraisals now done via this technology. Company officials say this is part of a concerted foray into financial technology (fintech) and smart ... ( read original story ...)
Linklaters signs up Goldman Sachs Asia disputes specialist in rare Hong Kong partner hire
The hire marks a relatively rare lateral addition for the magic circle firm in Hong Kong, where it has around 25 partners working across a range of practices including corporate, banking, capital markets and disputes. The last local partner hire for the ... ( read original story ...)
Punjab National Bank moves Hong Kong High Court against Nirav Modi
The Punjab National Bank on Saturday moved the Hong Kong High Court against fugitive diamond jeweller Nirav Modi, who is accused in a scam worth over Rs 13,000 crores, ANI reported. The bank will also approach the courts of other countries where Nirav Modi ... ( read original story ...)
German mobile bank N26 to launch in Britain, U.S. in 2018, CEO says
BERLIN (Reuters) - Berlin-based digital bank N26 expects to offer its services in Britain and the United States by the end of the year, its founder and chief executive told Reuters. N26, which counts Hong Kong billionaire Li Ka-shing and Silicon Valley ... ( read original story ...)
Trump’s financial watchdog fines bank $1B
which fined The Hongkong and Shanghai Banking Corporation (HSBC) $500 million in 2012. In a statement, the OCC said it imposed such a large fine against Wells "given the severity of the deficiencies and violations of law, the financial harm to consumers ... ( read original story ...)
Everett Harris & Company Decreased China Mobile Hk. LTD Adr F (CHL) Stake; Barclays Plc Boosted Union Pac (UNP) Position
China Mobile Hk. Ltd. Adr F now has $190.33B valuation ... On Wednesday, August 30 the stock rating was initiated by Bank of America with “Buy”. HSBC downgraded the shares of CHL in report on Friday, March 24 to “Hold” rating. ( read original story ...)
Hong Kong Again Most Expensive for Business Trips – South Korea Scores Two in Top Five
Hong Kong regained the top spot from Tokyo in the regional rankings for Asia’s most expensive city for business travelers with the daily cost of accommodation, transport, meals, and incidentals averaging US$506. Singapore and Seoul cost an average of US$ ... ( read original story ...)
Breakingviews – Hong Kong opens doors to far-from-super governance
That gives Hong Kong an uncomfortable edge in its race to the bottom. Reuters Breakingviews is the world's leading source of agenda-setting financial insight. As the Reuters brand for financial commentary, we dissect the big business and economic stories ... ( read original story ...)
Hainan, China’s Hawaii, to use Hong Kong as gateway for fundraising, IPOs
Hainan, the southernmost Chinese island that Beijing plans to transform into a hub for gambling and foreign investments, aims to strengthen ties with Hong Kong in 10 areas such as setting up a pilot district to boost trade services and help companies with ... ( read original story ...)