Tag: banking

A shipowner seeking finance in Hong Kong has a plethora of choices including debt financing from the many international banks with a shipping portfolio, leasing or, in the case of a public company, it may choose to issue shares or bonds. Nigel Anton ... ( read original story ...)

HONG KONG, April 3, 2017 /PRNewswire/ -- On 31 March 2017, the inaugural ceremony of HNA Innovation Finance Group ("HNA Innovation Finance") was held in Hong Kong. Attending the ceremony were leading members of the Board of HNA Group, including WANG Jian ... ( read original story ...)

The rivalry between Hong Kong and New York for global IPO supremacy may be set to intensify. Hong Kong lost its crown as the world’s No. 1 destination for initial public offerings in the first quarter as a dearth of mega-listings saw the city drop to ... ( read original story ...)

HONG KONG: HSBC has launched its voice biometric identification service in Hong Kong, following the successful launch of the functionality in the UK last year. Voice biometrics will be used as a form of verification while using phone banking services ... ( read original story ...)

After HSBC slashed 120 IT jobs last Monday, its subsidiary Hang Seng Bank is now rumoured to have cut experienced back end employees, sources report. The Hong Kong Banking Employees Association told the Oriental Daily that seven to eight back end staff ... ( read original story ...)

You’re a young Hongkonger and you want to earn big bucks in banking. These are the jobs enjoying the largest salary rises right now. http://news.efinancialcareers.com/hk-en/278403/hong-kong-bank-jobs-surge/ Are you about to graduate in Hong Kong and are ... ( read original story ...)

Hong Kong’s Mandatory Provident Fund market may see more consolidation as reforms taking effect on April 1 slash income from fees by up to 40 per cent, forcing smaller providers out of the market. From Saturday onwards, all 18 MPF providers are required ... ( read original story ...)

If you’ve just been laid off from HSBC’s Hong Kong tech team, you should try to stay in banking – even if that means retraining. http://news.efinancialcareers.com/sg-en/278578/banking-tech-cvs-stand-out/ The 120 technology staff recently laid off by ... ( read original story ...)

BOC’s Hong Kong subsidiary, Bank of China Hong Kong, more than doubled its profits in 2016 to HK$55.5 billion thanks to the HK$30 billion gain from the sale of its interest in Nanyang Commercial Bank last year. Once this and other one off elements were ... ( read original story ...)

and trade finance banks in Hong Kong have developed a distributed ledger technology (DLT) proof of concept (PoC) for trade finance. Industry participants include Bank of China (Hong Kong), the Bank of East Asia, Hang Seng Bank, HSBC and Standard Chartered ... ( read original story ...)

Guotai Junan Securities has received a relatively cautious response from retail bidders for its HK$16.47 billion initial public offering, the biggest one in Hong Kong this year. Analysts said investors are wary of Chinese brokerages as the industry is ... ( read original story ...)

This version of the 2016 Annual Report will be replaced by the printed version available around mid April 2017. BOC Hong Kong (Holdings) Limited ("the Company") was incorporated in Hong Kong on 12 September 2001 to hold the entire equity interest of Bank ... ( read original story ...)

China Petroleum & Chemical Corp. is considering a dual listing for its retail business, which could take place next year, according to people with knowledge of the matter. The world’s biggest oil refiner, known as Sinopec, is mulling a plan to sell ... ( read original story ...)

The Hong Kong Monetary Authority (HKMA), consulting firm Deloitte, and leading trade finance banks in Hong Kong have developed a distributed ledger technology (DLT) proof of concept for Trade Finance. Industry participants include Bank of China (Hong Kong ... ( read original story ...)