Tag: banking

[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 ...)

Hong Kong has evolved into a global finance hub with the presence of 70 banking conglomerates. As one of the traditional big financial capitals in the world, Hong Kong provides an opportunity for financial technology to gain traction in the local market. ( read original story ...)

More than 10 Barclays relationship managers in Hong Kong are joining Standard Chartered ahead of the transfer of the business to Oversea-Chinese Banking Corp. Barclays agreed in April to sell its private-banking operations in Hong Kong and Singapore to ... ( read original story ...)

Hong Kong’s property market rebound creates potential risks for the mortgage books of the city’s banks, according to Moody’s Investors Service. “Banks will face even higher latent risks in future mortgage underwriting, as their valuations catch up ... ( read original story ...)

Hong Kong shares were also boosted by data showing Chinese banks ... while money supply growth edged up, indicating the central bank is keeping policy accommodative to support economic growth. Most sectors rose, with properties and construction and ... ( read original story ...)

08:10p DJ MARKET SNAPSHOT: Stocks Slump As Investors Shrug At Solid Earnings To Focus On .. 08:03p ROYAL BANK OF SCOTLAND: RBS says RT's bank accounts in Britain are still operat.. 07:43p DJ MARKET SNAPSHOT: Stocks Dip As Investors Shrug At Better-than ... ( read original story ...)

Located deep in the wetlands region of Hong Kong is a mill that stopped operating nearly a decade ago. Once a part of the city's thriving textile industry, which has since migrated to mainland China, the 55-year-old building has been spared demolition. ( read original story ...)

BOC Hong Kong (Holdings) Limited ("BOCHK (Holdings)") today announced that with respect to the asset restructuring of the Bank of China Group ("BOC Group") in the ASEAN region, all of the conditions precedent set out in the BOC Malaysia Share Purchase ... ( read original story ...)

HONG KONG, CHINA--(Marketwired - Oct 17, 2016) - CSG Research participated in a worldwide poll on the forthcoming US Elections in collaboration with WIN/Gallup International, the largest network of the world's top independent pollsters. This survey was ... ( read original story ...)

Caution over a slew of Chinese economic data due out this week saw Hong Kong markets slip in early Monday morning trade, but property stocks gained thanks to a strong weekend of sales. The Hang Seng Index opened down 0.70 per cent or 163.17 points to ... ( read original story ...)

By the midday break, Hong Kong's Hang Seng index had lost 0.4 percent to 23,134.75 ... on a debt-to-equity swap deal struck between its parent and China Construction Bank. ( read original story ...)

Hong Kong stocks extended last week’s slump as casino operators tumbled after Chinese authorities detained employees from billionaire James Packer’s Crown Resorts Ltd., while property developers led losses by financial shares. The Hang Seng Index fell ... ( read original story ...)

The Hong Kong stock market on Friday halted the four-day losing streak in which it had fallen more than 925 points or 4 percent. The Hang Seng Index settled just above ... who said the central bank should consider running a "high-pressure economy" to ... ( read original story ...)

The Hang Seng Index fell 0.4 percent ... signaled Friday that the central bank will remain deliberate in raising interest rates as the odds for monetary tightening in December hovered above 60 percent. With Hong Kong’s currency pegged to the dollar ... ( read original story ...)