Tag: banking

Citi embraces the seven initiatives announced by the Hong Kong Monetary Authority last year to accelerate the development of smart banking in Hong Kong, which will ultimately lead to faster, more diverse and more convenient banking and mobile payment ... ( read original story ...)

Hong Kong’s new listing reforms, due to kick-start later this month, are likely to attract more technology firms to list on its stock exchange – but only as long as the authorities can provide appropriate investor protection measures, the head of ... ( read original story ...)

Competitors have been quick to delight in the travails of UBS’s Asian investment bank, notably its decline in the league tables and a revolving door at senior management level. A ban imposed by Hong Kong’s regulator is the latest stick with which to ... ( read original story ...)

A trade war between the US and China would affect one in five Hong Kong jobs, the city’s financial secretary warned on Sunday. Paul Chan Mo-po said the world’s two biggest economies were major economic partners of the city and that a dispute between ... ( read original story ...)

They’ve been slated by all and sundry for putting their HSBC World Sevens Series hopes in jeopardy but for South Africa the positives of exposing their young players in the Hong Kong cauldron far outweigh the negatives. Academy coach Marius Schoeman ... ( read original story ...)

The stock of BOC HONG KONG HOLDINGS LTD. ORDINARY SHA (OTCMKTS:BNKHF) registered a decrease of 21.31% in short interest. BNKHF’s total short interest was 1.65 million shares in March as published by FINRA. Its down 21.31% from 2.09 million shares ... ( read original story ...)

You don’t have to be a genius of late to make a killing in newly minted Hong Kong stocks. Just close your eyes and buy. "I don’t care about fundamentals,” said Hei Chiu, a 34-year-old merchandiser and individual investor who says he only purchases ... ( read original story ...)

Fiji have announced they are coming for the Cathay Pacific/HSBC Hong Kong Sevens with one mission in mind – capturing a record fourth straight title at the showcase event of the HSBC World Rugby Sevens Series. With other teams keeping a watching eye on ... ( read original story ...)

Bank of China (Hong Kong), the lender’s local arm, reported a worse than expected result of HK$28.48 billion (US$3.62 billion) for 2017, up 16 per cent from HK$24.57 billion a year earlier. This is below the estimate of a 27 per cent increase forecast by ... ( read original story ...)

Hong Kong’s private home prices rose to a new all-time high in February, extending their record-breaking run to 16 straight months, the latest government data showed. The Asian financial hub, which has one of the least affordable property markets in the ... ( read original story ...)

Anti-tumour drug researcher Ascentage Pharma has become the latest Chinese biotechnology company to choose Hong Kong for going public, in further evidence that an impending listing rules revamp will help the city take market share from New York, the ... ( read original story ...)

HONG KONG — BOC Aviation Ltd said on Thursday it would buy six new Boeing 787-9 aircraft from Boeing worth a combined $1.7 billion (£1.2 billion) at list prices. Asia's second-biggest aircraft lessor, which had 491 aircraft as of the end of last year ... ( read original story ...)

Online share trading platforms and financial firms using so-called “robo advisers” instead of human beings are facing more curbs from Hong Kong’s Securities and Futures Commission (SFC), according to a revamped guideline document issued on Wednesday ... ( read original story ...)

Most Kwai Chung, which runs popular satirical magazine 100Most and a digital media site tapping into Hong Kong’s youth culture, saw its stock soar tenfold at the start of its trading debut on Wednesday. The firm’s initial public offering had attracted ... ( read original story ...)