Chinese stocks traded in Hong Kong rose to a two-month high, riding a global rally on optimism Europe’s central bank will prolong its stimulus program. The Hang Seng China Enterprises Index climbed 0.7 percent to 9,896.82, its highest close since Oct. 7. ( read original story ...)
Hong Kong shares end down, casinos slump
HONG KONG - Hong Kong stocks ended lower on Friday after a three ... cash mainland Chinese gamblers could withdraw from ATMs in the gaming city of Macau. The Hang Seng Index fell 0.44 percent, or 100.86 points, to 22,760.98. The benchmark Shanghai ... ( read original story ...)
Eclusive: Edmond de Rothschild to close Hong Kong operations – sources
HONG KONG (Reuters) - Swiss private bank Edmond de Rothschild is ... In particular, western banks, battered after the global financial crisis, have faced growing competition from emerging Asian institutions, which have grown their balance sheets and ... ( read original story ...)
Private bank Edmond De Rothschild to close Hong Kong operations
HONG KONG (Reuters) - Swiss private bank Edmond de Rothschild (RLD.S) is closing its Hong Kong operations, the bank said in a statement on Thursday, confirming a Reuters report. The Geneva-based bank and money manager, which had assets of 167 billion Swiss ... ( read original story ...)
London ETO promotes Hong Kong financial services in London
Hong Kong (HKSAR) - The Hong Kong Economic and Trade Office, London (London ETO), promoted Hong Kong's financial services in the United Kingdom (UK) by hosting a reception for the London-Hong Kong Financial Services Forum 2016 on December 6 (London time). ( read original story ...)
With Fintech Rising, Hong Kong-Singapore Rivalry Gets New Twist
(Bloomberg) -- Tax benefits, government help and easy access to regional markets led Joe Seunghyun Cho to choose Singapore as the headquarters for his six financial technology companies, rather than base them in the rival hub of Hong Kong or his native ... ( read original story ...)
HK regulator probes brokers over breach of money-laundering controls
HONG KONG Dec 8 Hong Kong's securities regulator is investigating brokers in the Asian financial hub for suspected breaches of measures to rein in money-laundering, and may levy "tough" sanctions if any are confirmed, it said on Thursday. The Securities ... ( read original story ...)
Hong Kong leadership race unlikely to be ‘gentlemen’s fight’, Rita Fan says amid rift at top of government
The apparent dispute between Chief Executive Leung Chun-ying and finance chief John Tsang Chun-wah over how to handle lawmakers facing disqualification proceedings has affected the government’s image, a pro-establishment heavyweight said on Wednesday. ( read original story ...)
FCA and Hong Kong Monetary Authority sign cooperation agreement
The UK’s Financial Conduct Authority (FCA) and the Hong Kong Monetary Authority (HKMA) have entered into a Co-operation Agreement (Agreement) to foster collaboration between the two regulatory authorities in promoting financial innovation. According to ... ( read original story ...)
The best banking jobs for 30-somethings in Hong Kong
But in reality your scope for making a mid-career move in the current market depends a lot on which part of Hong Kong financial services you’re working in. To help you decide whether your job search will be worth the effort, we compared the amount of ... ( read original story ...)
Hong Kong financial secretary warns of economic instability and uncertainty in 2017
Financial Secretary John Tsang Chun-wah yesterday warned Hong Kong of economic instability next year, arising from financial uncertainty in the United States, China, Europe and Japan. He told the Legislative Council’s financial affairs panel that the ... ( read original story ...)
Hong Kong leader CY Leung says his finance chief was wrong to refuse lawmakers’ questions
Chief Executive Leung Chun-ying has said Hong Kong’s finance chief should not have snubbed questions from four lawmakers currently subject to disqualification proceedings, apparently widening the rift with the man vying to be his successor. Leung said on ... ( read original story ...)
BRIEF-Hong Kong Building And Loan Agency says State Energy HK acquires 454.3 million shares of co
Dec 6 Hong Kong Building And Loan Agency Ltd : * State energy hk acquired 454.3 million shares of co at market and convertible bonds in principal amount of hk$90.9 million Source text for Eikon: Further company coverage: Next In Financials ( read original story ...)
China stocks nervous as regulators bare teeth, Hong Kong rebounds
China stocks inch up - SSEC 0.1 pct, CSI300 0.1 pct * Hong Kong rebound - HSI 0.8 pct * Financials weighed as insurance regulator punishes Baoneng Group unit * Move comes after securities regulator slams "barbaric" M&A * Small-caps advance in mainland and ... ( read original story ...)