Want an easy ride into your next banking job in Hong Kong? This is where you should be working. https://news.efinancialcareers.com/hk-en/250285/vp-job-asia/ If you’re thinking of starting a search for a new banking job in Hong Kong, it’s first worth ... ( read original story ...)
Japanese creator of the instant ramen launches Hong Kong IPO, and promises hefty investment to spice up its products
Japanese instant-noodle legend Nissin Foods Holdings – the maker of Cup Noodles and owner of big selling and well-known brands such as Demae Itcho – plans to spin off its China and Hong Kong business in an initial public offering (IPO) next month ... ( read original story ...)
Millions in laundered cash from email scams filtered through Hong Kong, police say
The new tactics came to light after officers investigating nearly 500 reports of commercial email fraud with losses of about HK$650 million this year discovered many bank accounts used to collect the swindled money in the city were opened by mainland visitors. ( read original story ...)
Hong Kong tribunal fines HSBC private bank $51 mln for Lehman-linked products
* Penalty highest ever imposed on a financial firm in Hong Kong * HSBC says suspension of licenses will not impact operations (Adds additional comment from the securities regulator) By Sumeet Chatterjee HONG KONG, Nov 21 (Reuters) - A Hong Kong tribunal on ... ( read original story ...)
Hong Kong’s China-Fueled Equity Rally Is Now at Beijing’s Mercy
But there are now early signs Asia ex-Japan funds are raising their allocations in Hong Kong and China, the U.S. bank said. “Given the relatively healthy fundamental backdrop that we’re expecting for China in 2018 and still reasonable valuations in ... ( read original story ...)
Premarket: Europe cheers Brexit bank verdict, on tenterhooks over Ireland
Later, the U.S. Senate Banking Committee will hold a hearing to confirm ... mainland equities continues in the session ahead and will there be a spillover into Hong Kong and potentially even Japan, Korea and Australia?" asked Chris Weston, Melbourne ... ( read original story ...)
Hong Kong markets fall amid fears of stricter regulation on mainland
Ping An fell 2.21 per cent to HK$79.70, Bank of China fell 0.78 per cent to HK$3.81 and China Construction Bank lost 1.15 per cent to HK$6.87. China Gas Holdings slid 3.04 per cent to HK$22.35 as Bank of America Merril Lynch raised its target to HK$14.89 ... ( read original story ...)
Hong Kong’s CK Asset steers clear of Belt and Road
HONG KONG, Nov 28 (Reuters) - CK Asset Holdings is avoiding investment in countries included in China's Belt and Road initiative at this stage because it focuses only on developed economies with mature legal and banking systems, a company executive said on ... ( read original story ...)
‘Pink Promise’ diamond sells for more than US$32M in Hong Kong
An enormous oval diamond named the "Pink Promise" was sold Tuesday for an eye-watering US$32.16 million at auction in Hong Kong. The 14.93-carat pink gemstone went to an unidentified phone bidder as applause filled the room. Auctioneers Christie's said it ... ( read original story ...)
Japanese creator of the instant ramen eyes Hong Kong IPO, and promises hefty investment to spice up its products
Japanese instant-noodle legend Nissin Foods Holdings – the maker of Cup Noodles and owner of big selling and well-known brands such as Demae Itcho – plans to spin off its China and Hong Kong business in an initial public offering (IPO) next month ... ( read original story ...)
Hong Kong money market rate hits nine-year high, pushing up mortgage lending rates
Mortgage lending rates rose in Hong Kong on Tuesday, as the city’s main benchmark lending rate hit a nine-year high amid strong demand for Hong Kong dollars. One-month interbank rates in Hong Kong rose to 0.9611 per cent, up from roughly 0.367 per cent ... ( read original story ...)
Hong Kong has overtaken London as the world’s most expensive place to rent an office
London offices have been knocked off the top spot. Unsplash/Aron van de Pol Mainland Chinese companies have been occupying more prime real estate in Hong Kong’s Central business district, inclusive of Sheung Wan, Central and Admiralty. They have expanded ... ( read original story ...)
UK’s duty to Hong Kong ‘non-negotiable’ in post-Brexit trade talks with China, Paddy Ashdown says
The UK government was called upon to fulfil its “very special duty” to Hong Kong, as a British political grandee said on Tuesday that the city’s interests are “non-negotiable” when London speaks to Beijing about post-Brexit trade deals. ( read original story ...)
Hong Kong Finalizes FTA with ASEAN, DTAA with India
Hong Kong recently finalized a series of agreements that, taken together, shift Asia’s trade and investment landscape. The agreements come amid distress in Hong Kong that the city is losing its traditional advantage as the premier location in Asia for ... ( read original story ...)