Tag: banking

HONG KONG Oct 21 Hong Kong was bracing on Friday for Typhoon Haima with destructive 145 kmh (86 mph) winds at its centre, forcing authorities to shut all but essential services in the global financial hub. The Hong Kong Observatory raised its typhoon 8 ... ( read original story ...)

Hong Kong was picking up fallen trees and fixing disrupted flight schedules Friday after Typhoon Haima shut financial markets, schools and shops across the city. The storm weakened and veered east of Hong Kong, sparing the Asian financial center damage on ... ( read original story ...)

Hong Kong’s financial regulator, the Securities and Futures Commission (SFC), has issued an update to its Alert List which includes the names of businesses that are unlicensed in Hong Kong and which have been caught targeting Hong Kong investors. ( read original story ...)

Visa Inc. V recently announced that consumers in Hong Kong would now be able to complete online transactions with their Visa cards on Android Pay. Customers using Android devices with the version KitKat 4.4 or higher and having NFC connectivity can easily ... ( read original story ...)

This past week, in a speech delivered in New York City, Hong Kong Financial Secretary, John C Tsang provided an update on how Hong Kong expects to become a leader in disruptive finance. Tsang started by pointing out that Hong Kong has consistently been ... ( read original story ...)

BOC Hong Kong’s funding costs “are relatively low” because it has a large pool of deposits in its current and savings accounts, Yip said. “Our margins aren’t bad compared to” segments like syndicated loans and large corporate lending ... ( read original story ...)

The Bank of China and HSBC and other banks are seeking to launch the introduction of the use of the Blockchain for mortgage services in Hong Kong, according to reports in the Financial Times. So far, Bank of China (Hong Kong) has led tests on a ... ( read original story ...)

Bank of East Asia is at the centre of a proxy fight between unlikely partners: Elliott Associates, the Hong Kong based Li family, Sumitomo and Caixabank from Barcelona. Even if BEA falls on the midterm dragged by the Chinese situation, mild economic data ... ( read original story ...)

This cult of amateurism cost Hong Kong’s economy grievously. Cowperthwaite knew nothing about banking – he could not read a bank’s balance sheet – and he wasn’t prepared to learn. He allowed the city’s proliferation of locally-owned banks to ... ( read original story ...)

According to the recently-concluded ‘Digital for Business Market Study’,74 percent of businesses in Hong Kong have “no framework in place to invest in a sound digital strategy.” HSBC Commercial Banking aims to connect businesses with insights ... ( read original story ...)

Is joining Citic the career panacea it appears to be if you’ve just lost your investment banking job in Hong Kong? It would appear to be fortuitous timing for investment bankers in Hong Kong who’ve just been axed by Goldman Sachs or Bank of America ... ( read original story ...)

In our July article (view here), we noted that six months after the coming into force of the Hong Kong Competition Ordinance (“HKCO”), the Hong Kong Competition Commission (“HKCC”) is still in close dialogue with many Hong Kong trade associations. ( read original story ...)

While Goldman Sachs and Bank of America have cut jobs in Hong Kong only recently, layoffs have been taking place throughout the year at other firms. Barclays, for example, culled equities roles back in January. Some foreign banking professionals have ... ( read original story ...)

[HONG KONG] Chinese buyers are stepping up home purchases in Hong Kong, where prices are becoming "relatively more affordable" compared with some major mainland cities, according to Bank of America Merrill Lynch. Interest from mainland buyers, amid a surge ... ( read original story ...)