Tag: banking

Bank of China (Hong Kong) Limited (BOCHK) is a leading listed commercial banking group in Hong Kong with strong market positions in all major businesses. It has the most extensive local branch network and diverse service platforms, including about 220 ... ( read original story ...)

HONG KONG Dec 15 The Hong Kong Monetary Authority on Thursday raised the base rate charged through its overnight discount window by 25 basis points to 1 percentage point. The move from Hong Kong's de facto central bank followed the U.S. Federal Reserve's ... ( read original story ...)

Hong Kong stocks slumped to a four-month low, tracking Asian markets, after the US Federal Reserve raised interest rates and rate-path projections. The benchmark Hang Seng index extended early losses to end down 1.8 per cent, at 22,059.40 points. ( read original story ...)

Jetco, the largest ATM network in Hong Kong, expects to see local lenders including BOC Hong Kong (2388) and Standard Chartered Bank joining its P2P platform next year.Hang Seng Bank (0011) and Hongkong Shanghai Banking Corporation, which are not part of ... ( read original story ...)

The projected lower bound is: 21,841.36. The projected closing price is: 22,434.06. HANG SENG INDEX closed up 9.920 at 22,456.619. Volume was 8% above average (neutral) and Bollinger Bands were 40% narrower than normal. HANG SENG INDEX is currently 3.2% ... ( read original story ...)

which would tend to have an important negative impact on the Hong Kong economy. There were further underlying concerns surrounding pressure on the currency peg and important damage to competitiveness. The Hang Seng index opened higher, but again hit ... ( read original story ...)

Benjamin Quinlan decided to take a break from his Hong Kong-based banking and consulting career. But this isn’t another story of a banker shifting to tech or the buy-side. Quinlan instead took a seven-month sabbatical to travel…and become a stand-up ... ( read original story ...)

HSBC will continue to celebrate Hong Kong's gay community with its display of two rainbow-colored lion statues, despite ferocious opposition from local anti-LGBT groups. The statues were unveiled at the end of last month at the HSBC Main Building Plaza in ... ( read original story ...)

Hong Kong's finance chief resigned Monday ahead of what is widely expected to be a tilt at the city leadership. John Tsang -- nicknamed "Mr Pringles" by local media for his resemblance to the crisp brand's mascot -- is seen as a more moderate alternative ... ( read original story ...)

Hong Kong’s jewelry retailers have done very well this year. Market leader Chow Tai Fook (1929.Hong Kong) has soared 37%, Chow Sang Sang (116.Hong Kong) gained 21.6%, and Luk Fook (590.Hong Kong) advanced 33%, even though for the first ten months of the ... ( read original story ...)

"Enquiries revealed that the bank managers might have accepted bribes from other arrestees as rewards for divulging confidential customer information to the latter in Hong Kong for touting personal loan business," the ICAC said. The ICAC was set up in 1974 ... ( read original story ...)

HONG KONG Hong Kong's Financial Secretary John Tsang resigned on Monday, the city's government said, and is widely expected to announce his intention to run for the city's top job in March. There has been months of speculation that 65-year-old Tsang, who ... ( read original story ...)

HONG KONG – Hong Kong's financial chief has resigned amid mounting speculation that he will make a bid for the southern Chinese city's top job. The government said Monday that Financial Secretary John Tsang tendered his resignation. The news comes after ... ( read original story ...)

HONG KONG, December 12 (Reuters) - Hong Kong's Financial Secretary John Tsang has resigned his post pending an announcement he will run for the city's top job next March, Cable TV news reported on Monday. The resignation ends months of speculation on ... ( read original story ...)