Tag: banking

Lawyers for a division of Hong Kong’s largest bank hit back on Wednesday at accusations ... Barrister Paul Girolami QC, for HSBC International Trustee, made his rebuttal a day after lawyers for the widow of late tycoon Lo Ying-shek, a co-founder of ... ( read original story ...)

More than 50 companies from across the world have expressed interest in applying for virtual bank licences, with Hong Kong Monetary Authority setting August 31 as the deadline for receiving applications for the first batch of purely online banks. ( read original story ...)

In June 2017 Hong Kong's central bank and banking regulator, the Hong Kong Monetary Authority, and the Office of Financial Development Service of the Shenzhen Government agreed to strengthen co-operation in fintech between Hong Kong and Shenzhen. ( read original story ...)

Hong Kong's rising affluent have a strong distrust of financial advisors compared to their counterparts in the United States when making investment decisions, a survey by brokerage Charles Schwab has found.The survey polled Hong Kong investors who had an ... ( read original story ...)

Flowering Tree Investment Management’s Rajesh Sachdeva, SC Lowy Financial (HK)’s Michel Lowy and Oasis ... Carson Block and hedge fund manager Dan David backfired as the Hong Kong stocks they targeted rallied. As some of the region’s top managers ... ( read original story ...)

BOC Credit Card and Sa Sa International Holdings (0178 ... Meanwhile, Sa Sa plans to open another five to seven stores in Hong Kong, but is not looking at buying any premises at the moment, according to chief executive Simon Kwok Siu-ming. ( read original story ...)

The Financial Reporting Council (Amendment) Bill of 2018 is working its way through the legislative process in Hong Kong. Unfortunately, the proposal falls far short of what is needed. I fear that the legislators have fallen into the trap of finding ... ( read original story ...)

"We’ve had a good beginning to a long journey," said Larry Hu, a Hong Kong-based economist at Macquarie Securities Ltd. "Some components of shadow banking are shrinking and interbank leverage has started to drop. But we are far from the stage where we ... ( read original story ...)

Senior representatives from the HKMA, Bank of China (Hong Kong) and Deloitte introduced Hong Kong’s CTC tax regime, the “Pilot Bond Grant Scheme” and the “Green Bond Grant Scheme”, as well as shared insights on various areas including market ... ( read original story ...)

HONG KONG, May 29, 2018 - (Media OutReach) - Bank of Montreal (BMO), a Canadian financial services leader for more than 200 years, hosted Artificial Intelligence (AI) and tech professionals from Canada and Hong Kong to unveil innovative AI technology and ... ( read original story ...)

are pitched as alternatives to established global institutions such as the World Bank. Bond Connect, a mutual market-access scheme launched in July last year, allows investors in Hong Kong to put money into the mainland’s interbank bond market. ( read original story ...)

Royal Bank of Canada has become the latest Canadian business to ... Maps of China must also include Taiwan, Macau, and Hong Kong, and all regions must be depicted in the same colour, according to the letter obtained by The Washington Post. ( read original story ...)

The bank’s designation is coming to light after a similar move ... on April 25 to 36 air carriers that “demanded” they change the reference of Taiwan, Hong Kong and Macao to “fall in line with the Communist Party’s standards,” according to ... ( read original story ...)

A feud that split one of Hong Kong’s richest real estate clans unfolded in the High Court on Tuesday, with a unit of the city’s largest bank embroiled in accusations that it had favoured one side of the family. The battle stems from a lawsuit filed two ... ( read original story ...)