Tag: banking

Overall, the HKMA said Hong Kong's banking sector had performed well, with their net interest margin, an important indicator in a bank's profitability, reaching 1.45% last year. Hong Kong banks will report their individual 2017 results in late February and ... ( read original story ...)

Investors in the Hong Kong stock market will have their tails up in the Year of the Dog, with the Hang Seng Index set for solid gains and pharmaceutical and consumers stocks a good bet, according to the annual “Feng Shui Index” compiled by Hong Kong ... ( read original story ...)

I ditched my successful consulting career to become a junior analyst at an investment bank in Hong Kong. Here’s why I don’t regret it. https://news.efinancialcareers.com/hk-en/305691/chinese-vs-western-banks/ By 2016 I’d clocked up about three years ... ( read original story ...)

Hong Kong finance minister Paul Chan Mo-po has called on the public to take “a pragmatic and understanding attitude” towards reclamation and the development of new towns, which he said were key to easing the city’s land shortage. Chan voiced support ... ( read original story ...)

These are the new skill sets the accountants would need Eric Tong, HKICPA The HKICPA has been the regulator and industry body for all accountants in Hong Kong since its establishment in 1973, but it is losing power to the government-appointed Financial ... ( read original story ...)

A surge estimated at HK$20 billion a month in suspicious ATM withdrawals in Hong Kong is attributed to a crackdown on money laundering in Macau. Authorities in the gambling city drove out organised ATM withdrawal gangs by upgrading security. The operations ... ( read original story ...)

according to the Hong Kong Monetary Authority, the city’s de facto central bank and banking regulator. The banks meted out more loans last year, which grew 16.1 per cent from 2016, and earned higher margins. Their net interest margin – the difference ... ( read original story ...)

Chinese banks and other big caps led the losers, with China Construction Bank declining 2.85 per cent ... The sell-off in Hong Kong stocks entered a second day after the Hang Seng Index had risen to a record close of 16 times so far this year. ( read original story ...)

Feb 2 (Reuters) - Hong Kong’s Hang Seng Index ended Friday marginally down ... Dongfeng Motor Group Co Ltd which fell 0.5 percent and Bank of China Ltd down by 0.4 percent. ** About 2.65 billion Hang Seng index shares were traded, roughly 104.6 percent ... ( read original story ...)

The top gainers among H-shares were Industrial and Commercial Bank of China Ltd up 0.27 percent ... at a premium of 30.46 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was 15 as of the last full trading ... ( read original story ...)

While other Asian markets mostly marked time Friday, Hong Kong’s Hang Seng Index rose to a record ... The Hang Seng HSI, +1.53% closed up 1.5% on strength in bank stocks, a major part of the index. organ Stanley boosted its stock target on a number ... ( read original story ...)

HONG KONG (Reuters) - Cash withdrawals at Hong Kong ATMs have surged, prompting scrutiny from monetary authorities, the banking industry and police amid media reports that mainland Chinese are withdrawing hundreds of thousands of dollars using up to 50 ... ( read original story ...)

HONG KONG - Cash withdrawals at Hong Kong ATMs have surged, prompting scrutiny from monetary authorities, the banking industry and police amid media reports that mainland Chinese are withdrawing hundreds of thousands of dollars using up to 50 cards at a time. ( read original story ...)

The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by DBS Bank (Hong Kong) Limited on phishing email, which has been reported to the ... ( read original story ...)