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Tag: banking

Posted on 27/11/2023

BOC Hong Kong(Hldgs) – ADR (BHKLY) Price Target Increased by 7.06% to 58.29

The average one-year price target for BOC Hong Kong (Hldgs) - ADR ( OTC:BHKLY) has been revised to 58.29 / share. This is an increase of 7.06% from the prior estimate of 54.44 dated October 31, 2023.

Posted on 27/11/2023

Hong Kong stocks approach 2-week low as banks, BYD tumble before China data underlining weak recovery, stimulus impact

Stocks approach a two-week low before government reports this week that may underline China’s struggle to revive its faltering economy. BYD tumbles on concerns about price war.

Posted on 27/11/2023

Stressed HK Developers Lure Private Credit as Funding Gap Looms

Private credit lenders are circling distressed property developers in Hong Kong, with a record $23.4 billion of bank loans coming due next year for the downtrodden sector.

Posted on 27/11/2023

Hong Kong, Chinese buyers shrug off high prices and interest rates to pile into prime Australian property

Prices in major Australian cities like Perth, Brisbane and Adelaide are at a record-high, up by as much as 11 per cent over the past 12 months, Juwai IQI's Daniel Ho says Foreign buying is surging ...

Posted on 27/11/2023

Hongkongers scammed out of HK$705 million in 9 months by phone cheats, with telecoms companies sending out 117,000 alerts daily

City’s telecoms firms have sent 117,647 alerts daily since May to warn about possible scams from ‘+852’ numbers pretending to be locally based.

Posted on 26/11/2023

Hongkongers scammed out of HK$705 million in 9 months by phone tricks, with telecoms companies sending thousands of alerts daily

Guess who I am' trick still fools people into believing family members in distress need money fast, with 1,822 cases reported in first nine months City's telecoms firms have sent 117,647 alerts daily ...

Posted on 26/11/2023

Hong Kong travel agents seek police help after surge in scammers using bogus social media accounts to cheat customers seeking cheap deals

Victims pay for tickets or travel packages by transferring money to personal bank account but do not receive booking confirmation and cannot contact seller again.

Posted on 26/11/2023

HSBC to Launch Credit Card Anti-fraud Measures in Phases from Dec

Luanne Lim, Chief Executive Officer, HSBC Hong Kong, remarked that online fraud is becoming increasingly serious, and it is necessary to gain customer trust and address criminal activities through ...

Posted on 25/11/2023

Financial contagion warning as HSBC is told to brace for ‘catastrophic’ £6.3billion hit

HSBC earlier this month confirmed it was setting aside £910million to cover expected loan losses, including £412million related to the commercial real estate sector in China - b ...

Posted on 25/11/2023

HSB’s Head of Private Banking Alison Law Reported to Return to HSBC at End-yr

Hong Kong media quoted sources as saying that Alison Law, who previously took charge of HANG SENG BANK (00011.HK)'s Head of Private Banking and Trust Services, will leave the C... Hong Kong media ...

Posted on 25/11/2023

Hong Kong Introduces ADA to Combat Financial Scams and Fraud

The Hong Kong Monetary Authority (HKMA), together with the Hong Kong Association of Banks (HKAB) and the banking sector, support the launch of the ...

Posted on 25/11/2023

Hong Kong to launch China treasury bond futures, cementing its role as ‘world’s leading offshore renminbi hub’

The futures are expected to support greater international participation in China’s equities and fixed-income markets, and further broaden investment and risk-management opportunities in Hong Kong, ...

Posted on 25/11/2023

Hong Kong expects reforms to revive IPO market

Initial public offerings have seen a decline globally in 2023, with fundraising amounting to US$119.2 billion, down by 12% in volume and 35% in proceeds compared to the previous year.

Posted on 25/11/2023

Hong Kong’s Victory Securities to Offer Digital Asset Services in Retail Markets

Hong Kong’s investment management firm, Victory Securities has obtained approval to offer digital asset services to retail clients expanding the country’s number of cryptocurrency licences.

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