Tag: banking

The Hang Seng Index fell ... the US dollar after the People’s Bank of China dropped a key input used to set the currency’s daily reference rate. Ping An Insurance fell by at least 2 per cent in both ... ( read original story ...)

Hong Kong, as the gateway to China and a rising regional fintech power, has much to offer and is poised to reap the rewards, says Paul Chan. ( read original story ...)

The Hong Kong Monetary Authority sold HK$6.378 billion ($822.97 million) into the market in New York trading hours after the local currency hit the strong end of its trading band, according to data ... ( read original story ...)

It’s the world’s biggest initial public offering (IPO), and retail investors are itching to get a slice of the action. But what is the best way to win a share of the Hong Kong-leg of are divided: ... ( read original story ...)

Stella Su, who lives and works in Shanghai, has used an ATM only once in the past year. Instead of cash, in recent years she has done almost all her business using the digital wallet Alipay –- ... ( read original story ...)

Jack Ma’s Ant Group Co. is planning to stop taking investor orders for the Hong Kong leg of its initial public offering a day earlier than scheduled as the record stock sale has already been heavily ... ( read original story ...)

Boc Hong Kong (OTCMKTS: BHKLY) is one of 74 publicly-traded companies in the “Commercial banks, not elsewhere classified” industry, but how does it contrast to its rivals? We will compare Boc Hong ... ( read original story ...)

HSBC's Chief Financial Officer Ewen Stevenson told CNBC the latest set of result suggests a bottoming of the credit cycle and the bank is "putting in place all of the building blocks we need to resume ... ( read original story ...)

Hong Kong (CNN Business)HSBC is speeding up its mammoth restructuring plan as the bank continues to grapple with ongoing headaches, from ultra-low interest rates and geopolitical tensions to the ... ( read original story ...)

Boc Hong Kong (OTCMKTS: BHKLY) is one of 74 publicly-traded companies in the “Commercial banks, not elsewhere classified” industry, but how does it weigh in compared to its peers? We will compare Boc ... ( read original story ...)

HSBC Holdings PLC on Tuesday signalled it would embark on a pandemic-induced overhaul of its business model, seeking to flip its main source of income from interest rate to fee-based ... ( read original story ...)

Japan should consider setting up a special economic zone for global banking businesses now that Hong Kong is losing its appeal as a financial hub amid China’s crackdown, Japanese finance minister Taro ... ( read original story ...)

Jack Ma’s Ant Group Co. is set to raise about $34.5 billion through initial public offerings in Shanghai and Hong Kong, a blockbuster listing that will rank as the biggest IPO ever and make it one of ... ( read original story ...)

It’s unfortunate that only amid the Covid-19 pandemic has the whole process of adapting to online teaching and the use of technology in education been sped up John Tsang, former Hong Kong financial ... ( read original story ...)