Tag: banking

BOC Hong Kong (Holdings) Ltd. (>> BOC Hong Kong (Holdings) Ltd) has agreed to sell its stake in a small lender in Hong Kong for 7.69 billion Hong Kong dollars ($991.2 million), as it seeks to focus on its core businesses. The Hong Kong-listed unit of state ... ( read original story ...)

How did Singaporean Jasmine Chua get her first job in Hong Kong financial services? It was all about doing the right MBA. In 2015 Jasmine Chua faced a career-defining decision: would she carry on rising up the ranks in Singapore’s public sector, or leave ... ( read original story ...)

HONG KONG Hong Kong leader Leung Chun-ying said on Friday he will not stand for re-election in a 2017 vote for chief executive for family reasons, in a surprise announcement that throws open the race to run the financial hub. Leung has been backed by the ... ( read original story ...)

Tracing its roots back to 1865, Sun Life Financial and its partners today have operations in key markets worldwide, including Canada, the United States, the United Kingdom, Hong Kong, the Philippines, Japan, Indonesia, India, China and Bermuda.” ( read original story ...)

and the institution that provides the most liquidity to Hong Kong’s talent pool, it is HSBC that leads the way. Not only do they employ over 30,000 people themselves, but they are the most active contributor in terms of talent movement amongst some of ... ( read original story ...)

Chinese insurance giant Ping An Insurance dropped 1.17 per cent to HK$38.15. Hong Kong-based Hang Seng Bank declined 1.17 per cent to HK$143.70. Li & Fung, the world’s top supplier of clothes and toys to retailers, declined 3 per cent to HK$3.52. ( read original story ...)

became chief executive of HSBC UK. Why has the Hong Kong branch of the bank entered, so late, the controversial area of trumpeting gay rights? Could it be to distract us from its recent role as one of the biggest sinners in the banking business? ( read original story ...)

Financial stocks led Hong Kong’s main share index to a lower ... dropped 1.53 per cent to HK$38.60 while China Construction Bank finished down 1.27 per cent at HK$5.45. “We expect the Hang Seng index to remain weak before the holiday season. ( read original story ...)

China stocks also fell, with strength in utility stocks offset by weak bank and property shares. The Hang Seng index dropped 0.9 per cent, to 21,625.25 points, while the Hong Kong China Enterprises Index lost 1.3 per cent, to 9,208.96 points. The CSI300 ... ( read original story ...)

Although US bond yields edged slightly lower on the day, there were still important concerns surrounding the impact of higher yields on the Hong Kong economy with further vulnerability in the property sector. The Hang Seng index opened slightly higher ... ( read original story ...)

SINGAPORE Dec 22 BOC Hong Kong Holdings Ltd , a unit of Bank of China Ltd, has agreed to sell a majority stake in Chiyu Bank for HK$7.7 billion ($992 million), as part of its plan to invest in new markets mainly in Southeast Asia. BOC Hong Kong plans to ... ( read original story ...

HSBC was born from one simple idea – a local bank serving international needs. In March 1865, HSBC opened its doors for business in Hong Kong, and today we serve around 46 million customers in 71 countries and territories. The experiences of the past 150 ... ( read original story ...)

Hong Kong’s retail banks saw a modest rise in profits in the first three quarters of the year thanks to improved income from foreign exchange activities. According to figures from the Hong Kong Monetary Authority, retail banks in the city saw their pre ... ( read original story ...)