Tag: banking

Visa Inc. V recently announced that consumers in Hong Kong would now be able to complete online transactions with their Visa cards on Android Pay. Customers using Android devices with the version KitKat 4.4 or higher and having NFC connectivity can easily ... ( read original story ...)

This past week, in a speech delivered in New York City, Hong Kong Financial Secretary, John C Tsang provided an update on how Hong Kong expects to become a leader in disruptive finance. Tsang started by pointing out that Hong Kong has consistently been ... ( read original story ...)

BOC Hong Kong’s funding costs “are relatively low” because it has a large pool of deposits in its current and savings accounts, Yip said. “Our margins aren’t bad compared to” segments like syndicated loans and large corporate lending ... ( read original story ...)

The Bank of China and HSBC and other banks are seeking to launch the introduction of the use of the Blockchain for mortgage services in Hong Kong, according to reports in the Financial Times. So far, Bank of China (Hong Kong) has led tests on a ... ( read original story ...)

Bank of East Asia is at the centre of a proxy fight between unlikely partners: Elliott Associates, the Hong Kong based Li family, Sumitomo and Caixabank from Barcelona. Even if BEA falls on the midterm dragged by the Chinese situation, mild economic data ... ( read original story ...)

This cult of amateurism cost Hong Kong’s economy grievously. Cowperthwaite knew nothing about banking – he could not read a bank’s balance sheet – and he wasn’t prepared to learn. He allowed the city’s proliferation of locally-owned banks to ... ( read original story ...)

According to the recently-concluded ‘Digital for Business Market Study’,74 percent of businesses in Hong Kong have “no framework in place to invest in a sound digital strategy.” HSBC Commercial Banking aims to connect businesses with insights ... ( read original story ...)

Is joining Citic the career panacea it appears to be if you’ve just lost your investment banking job in Hong Kong? It would appear to be fortuitous timing for investment bankers in Hong Kong who’ve just been axed by Goldman Sachs or Bank of America ... ( read original story ...)

In our July article (view here), we noted that six months after the coming into force of the Hong Kong Competition Ordinance (“HKCO”), the Hong Kong Competition Commission (“HKCC”) is still in close dialogue with many Hong Kong trade associations. ( read original story ...)

While Goldman Sachs and Bank of America have cut jobs in Hong Kong only recently, layoffs have been taking place throughout the year at other firms. Barclays, for example, culled equities roles back in January. Some foreign banking professionals have ... ( read original story ...)

[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 ...)