Tag: banking

In early 2016, the abduction of five Hong Kong booksellers by mainland Chinese security agents raised questions about the former British colony's future as a bastion of free speech. Now, the latest apparent snatching of a Chinese billionaire, Xiao Jianhua ... ( read original story ...)

Hsbc Holdings PLC increased its stake in China Unicom (Hong Kong) Ltd (NYSE:CHU) by 590.8% during the third quarter, Holdings Channel reports. The fund owned 76,359 shares of the company’s stock after buying an additional 65,306 shares during the period. ( read original story ...)

The new financial secretary was urged to make long-term investments and provide one-off relief measures for the city’s needy in his budget as the fiscal surplus looks set to exceed HK$75 billion. Paul Chan Mo-po – who took up the post last month after ... ( read original story ...)

Hang Seng Bank Limited is a Hong Kong-based investment holding company principally engaged in the provision of banking and financial services. The Company operates through four segments. Retail Banking and Wealth Management segment is engaged in the ... ( read original story ...)

The financial technology company would join other technology startups planning Hong Kong listings this year, including Lufax, China's biggest peer-to-peer lending and wealth management platform, which plans a $5 billion IPO. (Reporting by Fiona Lau of IFR ... ( read original story ...)

HONG KONG Amid fierce competition to lure tech company listings, Hong Kong's sole stock exchange is considering launching a new board for issues with weighted voting rights, a controversial stock model that regulators shot down in 2015. Hong Kong Exchanges ... ( read original story ...)

The Hang Seng China Enterprises Index, or the H-share index, dropped 0.48 per cent or 47.44 points to 9,756.61. Chan Ka-keung, Hong Kong’s Secretary for Financial ... a foreign exchange strategist for Mizuho Bank. “The US dollar’s path this year ... ( read original story ...)

In this Dec. 2013 file photo, Xiao Jianhua, a Chinese-born Canadian billionaire reads a book outside International Finance Centre in Hong Kong. HONG KONG-- Mystery surrounds the whereabouts of a Chinese-born Canadian billionaire reportedly taken away from ... ( read original story ...)

BOC Hong Kong (2388) will waive charges for electronic fund transfers to other local banks starting from February 20.Personal customers are to be exempted from the HK$30 per transaction fee, joining customers at other leading lenders like HSBC, Standard ... ( read original story ...)

Since Election Day, Bank of America shares (ticker: BAC) have jumped 33%. Those of BOC Hong Kong (2388.HK), which is majority-owned by Bank of China (3988.HK), are up 13% since then. That could be a buying opportunity. ( read original story ...)

Hongkong and Shanghai Banking Corporation is expected to launch a mobile wallet next week to take part in the emerging P2P payment market, local media reports.PayMe from HSBC, the P2P mobile app that could bundle a Visa or MasterCard credit card ... ( read original story ...)

Wong said this year would be good for the financial sector, including gold, forex trading and stocks, with the Hang Seng Index expected to trade between the 20,000 to 25,000 level. The Year of the Monkey was a good year for the Hong Kong stock market ... ( read original story ...)

Foreign investment banks are facing more difficulties in winning initial public offering deals in Hong Kong amid the rise of smaller mainland Chinese and local rivals as well as the scarcity of big IPOs in the city. In 2016, Morgan Stanley saw its number ... ( read original story ...)

What should Hong Kong be? The question of the city’s strategy was underlying discussions on fintech, smart cities and the future of health during its week-long StartMeUp Innovation Festival. Competition from Shenzhen Hong Kong is generally seen as a ... ( read original story ...)