Tag: banking

Hong Kong stocks swung from gains to losses in early trading on Tuesday, as investors returned from the Easter holiday break. The Hang Seng Index opened slightly higher but soon reversed direction, tumbling 0.5 per cent or 111.81 points to 24,149.85 ... ( read original story ...)

Financial services firms comprise of the weakest performers, with Fukuoka Financial Group (-1.68%), Chiba Bank Ltd (-1.56%), and Concordia Financial Group (-1.52%) registering sharp declines. Hong Kong: Hang Seng-Down by 0.21% to 24,261.66 Computer ... ( read original story ...)

Fiji beat South Africa 22-0 at the Cathay Pacific / HSBC Hong Kong Sevens and claimed their first tournament victory of the season. The Olympic Champions, unbeaten all weekend, scored four tries in the final as a weekend of pulsating rugby came to a ... ( read original story ...)

With Deloitte as one of the Big Four auditors, the Hong Kong Monetary Authority (HKMA) and the region’s top five banks have officially launched a Blockchain platform for trade finance. Earlier this month, HSBC, Bank of China, Bank of East Asia, Hang Seng ... ( read original story ...)

Shares in Hong Kong banks sagged in Wednesday trading after the city’s government brought in new measures to try and rein in runaway house prices. On Tuesday the financial hub’s leader Leung Chun-ying announced that local first-time buyers would be ... ( read original story ...)

Hong Kong — The Hong Kong Monetary Authority said on Tuesday it had ordered the local branch of private bank Coutts to pay a fine of HK$7m ($900,800) for breaching anti-money-laundering and counterterrorism rules. The authority said the move followed an ... ( read original story ...)

April 13 Hong Kong Finance Group Ltd : * Loan agreement was entered into between hk finance as lender and customer d as borrower * HK finance granted a secured loan in principal amount of hk$20.0 million to borrower for a term of twelve months Source text ... ( read original story ...)