The Hongkong and Shanghai Banking Corporation (HSBC) has appointed Jayant Rikhye as the new Chief Executive Officer for India operations, replacing Stuart Milne. Rikhye, who joined the HSBC in 1989, will begin his tenure on December 1. He is currently the ... ( read original story ...)
Hong Kong must do more to shed ‘laissez-faire’ business attitude, says Canadian Chamber president
The government’s new tax initiatives were a good start towards fostering small and medium companies but more must be done to overcome Hong Kong’s overly “laissez-faire” attitude towards business, the Canadian Chamber of Commerce in Hong Kong ... ( read original story ...)
Bid to break chains of Hong Kong housing market as way to boost ownership
Owners of subsidised flats may not have to pay a high price to fully privatise their properties under a pilot scheme proposed on Monday that echoes the vision of Hong Kong’s leader to boost home ownership. Our Hong Kong Foundation, a think tank founded ... ( read original story ...)
Hong Kong’s miserly approach to elderly care is nothing to be proud of
Reverse mortgages and other financial instruments ... As is so often the case, the easy path is taken: simply employ more migrants. But how Hong Kong will compete for such migrant carers in an ever-ageing region and world is, however, not clear. ( read original story ...)
Tencent’s China Literature, mainland’s biggest online publisher, launches IPO worth up to US$1.1 billion
More Chinese fintech firms to eye Hong Kong IPOs, says JP Morgan ZhongAn Online Property and Casualty Insurance, China’s first online-only insurer, debuted last month and has surged 37 per cent from its IPO price. The company raised US$1.5 billion in ... ( read original story ...)
Hong Kong to drop new board plan, amend rules to let start-ups, dual-class companies raise funds
Hong Kong’s government has signalled that it intends to drop a plan to establish a new board on the city’s stock exchange for start-ups and companies with multiple-class shareholding structures to raise capital, choosing instead to amend existing rules ... ( read original story ...)
HSBC appoints Jayant Rikhye as CEO for India operations
The Hongkong and Shanghai Banking Corporation (HSBC) has appointed Jayant Rikhye as the new Chief Executive Officer for India operations, replacing Stuart Milne. Rikhye, who joined the HSBC in 1989, will begin his tenure on December 1. He is currently the ... ( read original story ...)
Jayant Rikhye to take over as HSBC India CEO
London based Hongkong and Shanghai Banking Corp (HSBC) has appointed Jayant Rikhye as India CEO effective from December 1, subject to regulatory approvals. Indian born Rikhye has spent his entire career at HSBC since starting at the bank in 1989. ( read original story ...)
Eight Hong Kong bankers who quit finance for Alibaba
Alibaba, China’s e-commerce behemoth, has a thing for hiring bankers into senior leadership roles. It appointed 20-year Goldman veteran Michael Evans as its president in 2015, and a year later named another ex-Goldmanite, Douglas Feagin, as head of ... ( read original story ...)
AIA Group’s new business climbs 20% helped by China, Hong Kong
REUTERS: AIA Group Ltd, the world’s third-largest life insurer by market value, clocked a 20 percent increase in new business in the third quarter aided by strong sales in its main markets of China and Hong Kong. China and Hong Kong together account for ... ( read original story ...)
Why mainlanders have lost their appetite for Hong Kong’s fast food
Now a frequent visitor to Hong Kong on business trips and holidays, Li said that while Cantonese food still appeals to her, Hong Kong fast food chains are no longer among her dining options. “I would still go to Cantonese restaurants such as Tao Heung ... ( read original story ...)
Hopes and fears in Hong Kong, Taiwan amid China’s congress
HONG KONG – It wasn't just the dark-suited delegates in Beijing who were listening intently last week as Chinese President Xi Jinping outlined his grand ambitions to launch a twice-a-decade Communist Party congress. On China's peripheries there was ... ( read original story ...)
Hong Kong’s stocks fall first time in three days on concern gains were overdone
Hong Kong’s stocks fell for the first time in three days on concern that the gain on the benchmark gauge was excessive this year. The Hang Seng Index dropped 0.5 per cent, or 152.03 points, to 28,335.21 in morning trading. The Hang Seng China Enterprises ... ( read original story ...)
Tencent unit China Literature launches up to $1.1 billion Hong Kong IPO: IFR
HONG KONG (Reuters) - China Literature Ltd launched on Monday an IPO in Hong Kong worth as much as $1.1 billion, seeking funds for acquisitions and to expand its digital publishing business, IFR reported citing a term sheet of the transaction. The Tencent ... ( read original story ...)