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Tag: banking

Posted on 03/02/2022

Year of the Tiger bites into lai see as Hong Kong people give out smaller, fewer red packets during coronavirus pandemic

Restrictions on social gatherings and work from home arrangements could see Hongkongers give out 30 per cent less money, according to Chinese University professor. ( read original story ...)

Posted on 02/02/2022

New Hong Kong finance sector lawmaker Robert Lee says tech and diversification, as well as government support can help small brokers grow

"Hong Kong brokers can help wealthy families in the Greater Bay Area set up family offices here. Since Hong Kong is an international financial centre, they can use Hong Kong as a base to invest in ... ( read original story ...)

Posted on 02/02/2022

HSBC’s desertion of charities piles up the hypocrisy

HSBC is also accused of hypocrisy because in its latest report ... And this is the bank that has tolerated China’s human rights abuses in Hong Kong. Banks are not charities — we should not, for ... ( read original story ...)

Posted on 01/02/2022

Hong Kong lenders big and small ratchet up competition in city’s electronic lai see market with lucky draws, catchy stickers, other new features

Bank of China (Hong Kong), Citibank, Hang Seng Bank and Bank of East Asia started to roll out new features - including lucky draws and catchy stickers - ahead of the Lunar New Year holiday this week. ( read original story ...)

Posted on 01/02/2022

Wall Street’s frustrations in China and Hong Kong rise

The big banks of Wall Street rarely like to rock the boat in dealings with the China and Hong Kong governments. Too much is at stake to risk the ire of Beijing. So the recent actions on two sensitive ... ( read original story ...)

Posted on 31/01/2022

Airport Authority Hong Kong extends financial relief for concessionaires

The relief has been extended until the end of March Airport Authority Hong Kong (AAHK) has extended rental relief for retail and catering tenants. The authority has been extending its relief programme ... ( read original story ...)

Posted on 31/01/2022

Genting Hong Kong’s demise leaves Malaysian banks – and its government – facing US$600 million question

Finger pointing in parliament as opposition leader Anwar Ibrahim raises spectre of the Bumiputra Malaysia Finance scandal of the 1980s With Najib Razak and finance minister Tengku Zafrul Abdul Aziz ... ( read original story ...)

Posted on 31/01/2022

Credit Suisse Onboards Robery Huray as SE Asia Investment Banking Vice-Chairman

Credit Suisse announced that it has onboarded Robery Huray as its SE Asia Investment Banking Vice-Chairman, effective January 2022. ( read original story ...)

Posted on 31/01/2022

BofA Adds to Hong Kong Hires Amid Questions On City’s Appeal

Bank of America Corp. named Robert Chiu as Asia vice chairman of its investment banking business, adding to a string of recent hires in the city amid questions over its appeal as financial hub. ( read original story ...)

Posted on 31/01/2022

Financial Technology Company Rapyd Completes Neat’s Acquisition

One of the fastest-growing fintech companies, Rapyd announced today that it has completed the acquisition of Neat. ( read original story ...)

Posted on 31/01/2022

Carbon neutrality: HSBC invests US$100 million in Bill Gates-led green tech programme to support decarbonisation of heavy polluting sectors

HSBC, which has set itself the goal of net-zero carbon emissions in its loans portfolio by 2050, has joined a global programme to accelerate the development of green technologies with a US$100 million ... ( read original story ...)

Posted on 31/01/2022

HSBC Buys back over 3.75M Shrs in London Last Fri for over GBP19.86M

HSBC HOLDINGS (00005.HK) announced that it had repurchased 3.7578 million shares of the company in the London market last Friday (28th), at a price ranging between GBP5.258 and GBP5.339 each, with a ... ( read original story ...)

Posted on 31/01/2022

IPOs run out of steam as selloff rattles global equity markets

Globally, $26.7 billion worth of IPOs have priced, marking a 60% drop from the same period a year earlier. Now, pulled deals are piling up under pressure from roiling markets ... ( read original story ...)

Posted on 30/01/2022

Hong Kong’s next budget will balance support for everyday residents against city’s long-term needs, finance chief says

Pointing to volatility in the global economy, Financial Secretary Paul Chan says he has been ‘carefully judging these uncertain factors … while preparing the next year’s budget’. ( read original story ...)

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