Hong Kong must trumpet what makes it unique, and find new ways of luring in mainland tourists, the boss of China’s largest travel booking website said, warning that they are increasingly choosing overseas countries instead. As the mainland’s eight-day ... ( read original story ...)
HSBC takes tech route to end trade paper trail
Come 10.30am workers at HSBC’s suburban Hong Kong offices are to be found processing a freshly-delivered document deluge: prying out staples, tallying copies and endlessly slotting them into files. Forget fintech — this corner of banking in one of the ... ( read original story ...)
Hong Kong Apartment Sets Asia Price Record Amid Government Curbs
Hong Kong home prices hit all-time highs this year ... The local monetary authority in the same month introduced fresh curbs on second-home mortgages as well as borrowers whose income is derived mainly from overseas sources. The recently sold home was ... ( read original story ...)
13,000 buyers swamp Tseung Kwan O property project for just 400 flats, despite Hong Kong official warning about market
“Judging from Hong Kong’s history and property markets around the world ... He would not rule out another round of tightening measures on property mortgage loans, as he said there were no signs of a downward cycle in the market at the moment. ( read original story ...)
Hang Seng slips 1.3pc
to HK$341.60 and China Construction Bank (0939) was down 1.66 percent to HK$6.51. Insurer AIA (1299) lost 1.17 percent to HK$59.20. China Resources Land (... Stocks in Hong Kong and China tumbled today. The benchmark Hang Seng Index shed 380.19 points ... ( read original story ...)
Hong Kong initial coin offering case studies: 330 Cubits and Gatcoin
“The challenge we have is a chicken and egg one,” said Johnson Leung, co-founder of 300 Cubits, a company in the midst of launching an ICO in Hong Kong, and hoping to revolutionise ... further development of the business. As well as raising capital ... ( read original story ...)
Hong Kong fast developing as a cryptocurrency centre
“The co-founders all have experience doing business in Asia, and we felt Hong Kong was the right place for us. The market is fast developing and we wanted to get in early and try to shape it.” An ICO is a means by which companies developing projects ... ( read original story ...)
ZhongAn jumps in Hong Kong debut after $1.5bn IPO
HONG KONG (Nikkei Markets) -- ZhongAn Online P&C Insurance jumped as much as 18% on its stock exchange debut on Thursday, as investors bet on the prospects of China's largest online insurer backed by marquee investors including billionaire Jack Ma. ( read original story ...)
HSBC : Fed says fined HSBC $175 million for ‘unsafe’ forex trades
02:36p HSBC: Publication of base prospectus supplement - Announcement made to the HK s.. 02:26p HSBC: Publication of base prospectus supplement (1-page PDF 65KB) 01:31p HSBC: Retirement of Chairman – overseas regulatory announcement (1-page P.. ( read original story ...)
HSBC : Publication of base prospectus supplement – Announcement made to the HK stock exchange (2-page PDF 152KB)
The following base prospectus supplement has been approved by the UK Listing Authority and is available for viewing: Base Prospectus Supplement dated 28 September 2017 to the Base Prospectus dated 14 March 2017 for the Debt Issuance Programme of HSBC ... ( read original story ...)
LIVE BLOG: Fed Fines HSBC $175 Million in Forex Fallout
Hong Kong's Hang Seng and the Shanghai Composite both closed trading ... The Federal Reserve handed down a $175 million fine to HSBC Holdings PLC (HSBC) for "unsafe and unsound practices" in its foreign exchange trading business. HSBC was fined for failing ... ( read original story ...)
In Hong Kong, political banners reveal gulf with mainland
HONG KONG – The banners and posters were quietly hung in universities across Hong Kong, often appearing overnight, with bold white lettering calling out for change and testing the limits of the freedoms that Beijing will allow this freewheeling city. ( read original story ...)
Ardmore’s downtown disrupter: PucciManuli’s owner has a vision
Her career highlight was spending nearly a month in Asia covering the booming gaming industry there in 2009, where she crossed the South China Sea from Hong Kong to Macau on a ferry ... a partner at McKinsey & Co. and a former Wharton professor, was ... ( read original story ...)
Is an analyst worth US$75,000 or US$1m? How China decides
That compares with a 12 per cent drop in research jobs at global investment banks tracked by McKinsey & Co from 2011 through June ... change in careers and compensation,” said May Zhao, a Hong Kong-based analyst at Zhongtai Financial International ... ( read original story ...)