the third major bank in a week to scrap the charge imposed on small depositors as Hong Kong’s traditional lenders prepare to fight off competition from virtual banks. HSBC and Bank of China Hong Kong ... ( read original story ...)
Hang Seng sinks, China Merchants Bank drops by 8.99pc
The Shenzhen Stock Exchange Composite Index sank by 2.12 percent to end at 9,016.91 points at mid day.Shares in China Merchants Bank (3968) plunged by 8.99 pe... Stocks in Hong Kong stocks lost 372.52 ... ( read original story ...)
Hong Kong shares end lower on trade war blues; banks drag
Hang Seng down 1.2%, H-shares fall 1.9% * Trump "comfortable with any outcome" at G20 - U.S. official * Banks pressured; media report- SPDB may face U.S. punishment HONG KONG, June 25 (Reuters ... ... ( read original story ...)
Richard Li’s FWD is in talks to buy MetLife’s Hong Kong insurance unit to expand through acquisition
In 2017, Hong Kong-based investment fund Jeneration Holdings agreed to ... FWD has been buying insurance assets across Asia, agreeing in October to acquire control of Commonwealth Bank of Australia’s ... ( read original story ...)
Yam calls for solidarity in financial sector
issued a rare press release to call for the Hong Kong financial community to stick together, continue the commitment to work, be vigilant and prudent to face the complex financial situation. Yam said ... ( read original story ...)
New digital banks challenge HSBC’s Hong Kong dominance
If a banker were to describe their dream consumer market, it would look a lot like Hong Kong. Lenders in the autonomous Chinese territory are exceptionally profitable, thanks to a wealthy customer ... ( read original story ...)
China says it ‘won’t allow’ G20 discussion on Hong Kong
G-20 is a platform to discuss global economy issues. It focuses on the global trade finance and economic issues, he said. “One thing I can tell you, Hong Kong will not be discussed as an issue at the ... ( read original story ...)
HSBC cashes in on growing anti-BoC sentiment
(MENAFN - Asia Times) HSBC announced on Wednesday that it will eliminate minimum balance requirements and fees for personal accounts in Hong Kong from August 1, which will benefit about three ... ( read original story ...)
BOCHK United Centre Branch resumes services
The security settings of your browser are blocking the execution of scripts. To use noodls, javascript support must be enabled. Please change your browser's security settings to enable javascript. ... ( read original story ...)
Business opens for BOC fintech arm
It launched BOC Bill, the first comprehensive collection platform in Hong Kong, to support UnionPay QR code payment. ... ( read original story ...)
Customs ships back e-wastes to Hong Kong
On March 5, the BOC-10 issued a warrant of seizure and detention for violation ... The re-exportation of the waste from Hong Kong came on the heels of the long overdue departure of the 69 container ... ( read original story ...)
Continued Selling Pressure Expected For Hong Kong Shares
Among the actives, CLP Holdings plummeted 4.27 percent, while CNOOC surged 2.59 percent, BOC Hong Kong and Galaxy Entertainment both plunged 1.92 percent, Sands China tumbled 1.71 percent ... ( read original story ...)
Bank raises HK dollar time deposit rates
The Hongkong and Shanghai Banking Corporation announced it will raise the Hong Kong dollar time deposit interest rates and lower the long-term US dollar time deposit interest rates in light of changes ... ( read original story ...)
HSBC-backed startup aims to become LinkedIn of global trade
HONG KONG (Reuters) - In a first of its kind initiative, HSBC Holdings Plc is backing the launch of a technology startup that aims to connect small-and-medium-sized manufacturers with component ... ( read original story ...)