Tag: banking

WASHINGTON/KUALA LUMPUR, June 16 The U.S. Justice Department has taken legal action to recover an additional half a billion dollars in assets stolen from an investment fund established by Malaysia's prime minister, bringing the total claims to more than $1 ... ( read original story ...)

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for ... ( read original story ...)

Sun Hung Kai Financial is also 70 per cent owned by Everbright Securities, China’s eighth-largest brokerage which paid HK$4.1 billion in 2015 to Sun Hung Kai & Co. for the stake. The Hong Kong securities business of Everbright will be merged with the ... ( read original story ...)

"Hong Kong can leverage its niches as a financing platform to attract long-term capital into those B&R infrastructure projects." Tian Guoli, chairman of Bank of China and BOC Hong Kong (Holdings), said the lender had issued B&R bonds in 2015 and 2017 ... ( read original story ...)

* HKMA expects HK dollar to weaken if rate differential widens * Expects banks to raise mortgage rate as liquidity tightens (Adds comments from HKMA chief) HONG KONG, June 15 The Hong Kong Monetary Authority (HKMA) raised the base rate charged through its ... ( read original story ...)

HSBC kept its interest rate for Hong Kong dollar savings accounts unchanged at 0.001 per cent, while the Bank of China Hong Kong and Hang Seng Bank maintained their rates at 0.01 per cent. The HKMA, Hong Kong’s de facto central bank, increased the base ... ( read original story ...)

HONG KONG, June 15 HSBC Holdings Plc will maintain its best lending rate at 5 percent in Hong Kong, the bank said on Thursday, after the territory's defacto central bank raised its discount window base rate. The Hong Kong Monetary Authority earlier raised ... ( read original story ...)

HONG KONG — As pink fins surfaced off the boat’s port side ... Some critics say that the project should not have been approved because of the potential impact on dolphins and that HSBC, the project’s financial adviser, bears some responsibility ... ( read original story ...)

Former financial secretary Antony Leung Kam-chung says that young people in Hong Kong are living lives which are “too comfortable,” and they do not care about innovation. Leung, now the group chairman and CEO of Nan Fung Group, was speaking at a youth ... ( read original story ...)

Lo To Lee-kwan, the 97-year old matriarch of Hong Kong property giant Great Eagle Holdings, has accused HSBC of “threatening” to take her to court, before she herself decided to sue the bank as a trustee of her family business, according to a statement ... ( read original story ...)

HONG KONG Guangzhou Rural Commercial Bank Co Ltd (GRCB) priced its Hong Kong IPO slightly below the middle of expectations, a source said on Wednesday, underscoring tepid demand for the $1 billion deal amid concerns over rising non-performing loans in China. ( read original story ...)

HONG KONG, June 14 Guangzhou Rural Commercial Bank Co Ltd (GRCB) priced its Hong Kong IPO slightly below the middle of its indicative range in a deal that has raised about $1 billion, a person with direct knowledge of the transaction said on Wednesday. ( read original story ...)

HONG KONG Typhoon Merbok spared Hong Kong any major damage as it pounded the financial hub with heavy rain and strong winds before moving further inland on Tuesday towards southern China. Financial markets, schools, businesses all resumed normal operations ... ( read original story ...)

Under the linked exchange rate system, the Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, is obliged to buy and sell US dollars to prevent the currency from breaching either side of a trading band between 7.75 and 7.85. ( read original story ...)