Tag: banking

BOC Hong Kong’s brief third quarter update was within our expectation and we leave our full year forecasts and fair value estimate of HKD 34.40 per share unchanged. We believe the bank is ... ( read original story ...)

China's top ride-hailing firm Didi Chuxing is leaning toward picking New York over Hong Kong for its initial public offering IPO), eyeing a valuation of at least $100 billion via the float, two people ... ( read original story ...)

Hong Kong’s benchmark stock gauge extended its losses from a recent peak to 10%, set to enter a technical correction, as the city’s temporary suspension of BioNtech vaccinations fueled worries over ... ( read original story ...)

The Hang Seng Index lost as much as 2.1% amid a broad selloff in Asia on Wednesday. Stocks in the commerce and industry sector as well as financials were the biggest losers on the gauge, with AIA ... ( read original story ...)

AIA Group is nearing a deal to buy the life insurance unit of Bank of East Asia, the Hong Kong-based lender whose shareholders include Paul Singer's Elliott Management Corp, according to people ... ( read original story ...)

ZA Bank, which is one of Hong Kong’s eight digital banks, has confirmed that it has now acquired around 300,000 users. This milestone has been reached right before its first year anniversary. ZA Bank ... ( read original story ...)

As of Monday, about 5% of the financial hub’s residents had received their first vaccine shots. The government has told Hong Kong’s business and banking community that local coronavirus containment ... ( read original story ...)

(MENAFN)China's central bank aims to charge 5 billion yuan (about USD768.8 million) worth of bills in Hong Kong on Thursday, March 25. The People's Bank of China stated in an online report ... ( read original story ...)

The Hong Kong stock market has finished lower in two straight sessions, tumbling almost 500 points or 1.8 percent along the way. The Hang Seng Index now sits just shy of the 28,500-point plateau and ... ( read original story ...)

Hong Kong and Macau on Wednesday (March 24) said they are suspending the use of Pfizer-BioNTech’s coronavirus vaccine after being informed of a packaging problem with a batch of vials. “For the sake ... ( read original story ...)

UBS Group AG and other global banks giving up office space in pricey Hong Kong with so many staff still working from home. DBS is surrendering some floors in Swire Properties Ltd.’s One Island East ... ( read original story ...)

AIA Group Ltd. is nearing a deal to buy the life insurance unit of Bank of East Asia Ltd., the Hong Kong-based lender whose shareholders include Paul Singer’s Elliott Management Corp., according to ... ( read original story ...)

DBS Group Holdings is set to join UBS Group AG and other global banks giving up office space in pricey Hong Hong with so many staff still working from home.. Read more at straitstimes.com. ( read original story ...)

Norway is the world's most cashless country, but, its central bank's governor told Bloomberg it is not recommending bitcoin as an alternative to fiat currency. ( read original story ...)