Tag: banking

Internships are often a key part of any MBA student’s career journey—a chance to try out new industries, build new business networks, and land new jobs. Pranavi Kapur knows that better than most. A current MBA student at the University of Hong Kong ... ( read original story ...)

A fund that makes money when Hong Kong stocks tumble has suddenly garnered a whole lot of interest. The CSOP Hang Seng Index Daily Inverse Product has attracted some $136 million worth of cash in 2018, the biggest inflows for any fund trading on the city ... ( read original story ...)

Hong Kong GDP grew 4.7% year-on-year in 1Q18 ... The producing legal entity ING Bank N.V. is authorised by the Dutch Central Bank and supervised by the European Central Bank (ECB), the Dutch Central Bank (DNB) and the Dutch Authority for the Financial ... ( read original story ...)

as it continues its efforts to bolster its private bank. Last month, Claudia Loh joined as an executive director in Singapore and Samuel Chang came on board as a director in Hong Kong. Both now work in work in wealth transformation, according to their ... ( read original story ...)

State-owned Bank of India on Monday filed a lawsuit against fugitive fraudster Nirav Modi in a Hong Kong court for the recovery of the money he had drawn from the bank on the basis of illegally secured Letters of Undertaking. The public sector bank moved a ... ( read original story ...)

Hong Kong’s importance as a regional financial hub is increasing, creating significant career opportunities for professionals in the sector. The large international banks are expanding their private wealth arms as they look to capture the Mainland ... ( read original story ...)

HSBC is to introduce facial recognition technology for its corporate clients in 24 markets worldwide, including Hong Kong and mainland China, instead of them having to use passwords to log onto their mobile accounts. The bank said the latest move will ... ( read original story ...)

which last week filed for a Hong Kong IPO that could be worth up to $10 billion, for patent infringement. Coolpad said in a statement late on Thursday its subsidiary, Yulong Computer Telecommunication Scientific (Shenzhen) Co Ltd filed a lawsuit against ... ( read original story ...)

While Hong Kong struggles to reduce and contain money laundering activities at existing financial institutions, the role of cryptocurrencies in undermining compliance and enforcement capabilities is overlooked. Hong Kong’s financial institutions are ... ( read original story ...)

The Hong Kong Bankers Club is looking for a new home as the landlord Hongkong Land wants to lease its 7,000 square feet premises in Gloucester Tower to a restaurant operator in a bid to attract more traffic to its interconnected Landmark shopping centre ... ( read original story ...)

In 2017, Hong Kong’s total issuance of US dollar, euro, yen and local currency denominated bonds was US$467 billion, according to data from the Asian Development Bank. That was 10 per cent of Asia’s total – excluding Japan’s total bond issuance of ... ( read original story ...)

Fitch has issued a warning over the increasing integration of Hong Kong’s banking environment with China’s financial system. The ratings agency has downgraded its view on the operating environment for Hong Kong’s banks due to what it says is the ... ( read original story ...)

Canaan Creative, China’s second-largest bitcoin mining hardware maker, is planning to seek an initial public offering in Hong Kong instead of the US, which if successful would make it the first blockchain-related company to list on the city’s bourse ... ( read original story ...)

Hong Kong’s Hang Seng Index HSI, +1.36% led gains in the region ... “It is ironic that price increases—which the Bank of Japan has been working so hard to realize—are now weighing on consumption and dragging down the economy,” he added. ( read original story ...)