Tag: banking

Banks were mixed. China Construction Bank edged up 0.1 per cent to HK$7.59 and HSBC Holdings rebounded 0.6 per cent to HK$80.95. Industrial & Commercial Bank of China eased 0.8 per cent to HK$6.5 and Bank of China was flat at HK$3.99. Mainland stocks rose ... ( read original story ...)

China Life dropped 1.02 per cent to HK$24.35 and New China Life Insurance fell 1.48 per cent to HK$53.30. Among banks, China Construction Bank eased 0.39 per cent to HK$7.58, HSBC dropped 0.37 per cent to HK$80.50 and Hang Seng Bank lost 0.98 per cent to ... ( read original story ...)

Industrial and Commercial Bank of China eased 0.15 percent, China Mobile dipped 0.06 percent and Ping An Insurance, Hong Kong & China Gas and China Petroleum and Chemical (Sinopec) all were unchanged. About 2.07 billion Hang Seng index shares were traded ... ( read original story ...)

Hong Kong homeowners may have a tough time keeping up with mortgage repayments this year as local banks are set to increase their prime rates to follow interest rate moves in the US, the city’s financial secretary said on Monday. Paul Chan Mo-po offered ... ( read original story ...)

OCBC Bank said the latest proposals send a clear message that fundamentals and transparency will be the course for China’s commercial banks to contain financial risks. The sector’s stocks rose strongly in both China SHCOMP, +0.32% and Hong Kong HSI ... ( read original story ...)

Shanghai: LeEco has repaid HK$807 million ($103.20 million) of a debt owed to China Merchants Bank and will seek to negotiate with the creditor to secure the release of some of its frozen assets, the wife of the embattled conglomerate’s founder said. ( read original story ...)

Just five years ago, if someone said Shanghai would overtake Hong Kong as a market for initial public offerings, most people would have laughed. But last year, it beat us for the first time, while New York took the top spot as the world’s premier IPO market. ( read original story ...)

Melvin Wong left HSBC in Hong Kong as a corporate banker, now he’s back just 12 month later…as a private banker. https://news.efinancialcareers.com/hk-en/301674/bankers-asia-regret-salary-rises/ HSBC has rehired one of its former corporate bankers ... ( read original story ...)

Hong Kong’s finance chief has hinted he would keep splashing money in his upcoming budget in light of a “considerably high” surplus despite the provision in the Basic Law requiring the city to keep the budget commensurate with its GDP growth rate. ( read original story ...)

Hong Kong stocks finished higher on Friday for a ninth straight session, capping the first week of 2018 with a 3 per cent advance, the best performance since the week that ended October 6 and moving closer to its all-time high in 2007. The Hang Seng Index ... ( read original story ...)

Tencent-affiliated new listings were highly sought-after in Hong Kong last year. Now, there is one more firm that looks set to join the list: C-Mer Eye Care Holdings (03309.HK). The Hong Kong-based ophthalmic services provider, which is seeking up to US$73 ... ( read original story ...)

Chongqing Rural Commercial Bank, one of China’s largest lenders to farmers and small businesses, said its A-share IPO application has been accepted by China Securities Regulatory Commission, marking a major step for the first Hong Kong-listed lender to ... ( read original story ...)

The boss of a Hong Kong film prop company could face jail time over allegedly possessing some 200,000 “counterfeit” bank notes labelled “props”. According to testimony heard at the Eastern Magistrates Court on Thursday, the bank notes were used in ... ( read original story ...)

A visitor from mainland China suspected to have been recruited by underground banks to cross the border and withdraw cash from ATMs was robbed of more than HK$350,000 (US$44,770) in a hold-up in Hong Kong before dawn on Thursday. The 28-year-old man from ... ( read original story ...)