Tag: banking

HONG KONG: Hong Kong stocks jumped on Tuesday, led by mainland banks after China's central bank cut reserve ratios and as materials shares found support from economic data out of Beijing that showed stronger-than-expected factory activity. The blue chip ... ( read original story ...)

TOKYO (AP) -- Shares in Japan and Hong Kong gained Tuesday, tracking an overnight rally on Wall Street, where indexes set fresh record highs. Australia's S&P/ASX 200 fell, and the South Korean and Shanghai markets were closed for national holidays. ( read original story ...)

Casino stocks up on strong growth in Macau’s gaming revenue * Chinese banks up as central bank cut cash reserve rate Oct 3 (Reuters) - Hong Kong stocks rose on Tuesday, led by Chinese banks and insurers after China’s central bank cut reserve ratios and ... ( read original story ...)

Run by Prof. Ronald Li, director of the Ming-Wai Lau Centre for Reparative Medicine at the Karolinska Institute's Hong Kong campus, the company grows human heart tissue from stem cells that can be used instead of lab animals for drug development. ( read original story ...)

The head of JP Morgan’s global investment banking division in China said more Chinese financial technology firms may follow Zhong An Online Property and Casualty Insurance’s lead in launching initial public offering (IPO) in Hong Kong. Houston Huang ... ( read original story ...)

Hong Kong’s Securities and Futures Commission (SFC) has launched its SFC Regulatory Sandbox to provide a place for firms to test out their ideas. Like other regulators, the SFC says: “For the sake of market integrity and better investor protection ... ( read original story ...)

Trump’s Treasury Secretary Steven Mnuchin has recommended delaying new global bank trading book rules, a step Australia, Hong Kong and Singapore are also taking - and the European Union is resisting, potentially fragmenting standards for a period. ( read original story ...)

BEA Union Investment Management has become the first Hong Kong-based fund house to gain approval to sell its products in Switzerland under a new cross-border trading scheme. “Switzerland is well known for its wealth management and private banking services. ( read original story ...)

“Retail banking is good when it’s deep like in Hong Kong or the UK, but not when you are spread too thinly. He is likely to look at this with a slightly sharper pencil.” HSBC has done more than 80 disposals in seven years, exiting consumer banking ... ( read original story ...)

He’s betting it will benefit from increasing demand for credit just as European bank stocks begin to shed the gloom that depressed valuations in the aftermath of the financial crisis. A U.K. legal dispute hanging over Deutsche Pfandbriefbank’s stock ... ( read original story ...)

... Authority Hong Kong needs to raise HK$69 billion (US$8.8 billion) to fund the runway, and should consider selling bonds and tapping the loan market, according to a report by its financial consultant HSBC Holdings Plc. Asia's busiest international ... ( read original story ...)

The governor of Hong Kong's central bank has spelled out a series of up-and-coming reforms - from the introduction of faster payments to open API standards - intended to prepare the territory for a revolution in retail banking services. In a speech to a ... ( read original story ...)

Global IPO proceeds totaled $33.4 billion in the 3Q17 ... dollar deals like NetLink Trust in Singapore ($1.7 billion), ZhongAn Online Insurance in Hong Kong ($1.5 billion) and SBI Life in India ($1.3 billion). Europe took second place with 31% of proceeds ... ( read original story ...)

Both companies are likely to continue growing much faster than the sector. The Hong Kong IPO of ZhongAn Insurance (HK:6060) (see China's ZhongAn Online jumps 15pc in trading debut) has drawn attention to Fanhua (FANH) which has been listed in New York ... ( read original story ...)