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Tag: banking

Posted on 18/10/2021

HSBC, Standard Chartered, Bank of China (HK) among 19 lenders approved to sell Wealth Management Connect products

HKMA allows 16 banks to sell products in Hong Kong and the mainland, while three can only sell to Greater Bay Area residents via the southbound route. ( read original story ...)

Posted on 18/10/2021

HK youth should better grasp opportunities in mainland: finance chief HK youth should better grasp opportunities in mainland: finance chief

Paul Chan, financial secretary of the Hong Kong Special Administrative Region government, said on Sunday that young people in Hong Kong should better grasp the development opportunities in the ... ( read original story ...)

Posted on 18/10/2021

Young people in Hong Kong should better grasp development opportunities in mainland: finance chief

HONG KONG - Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said Hong Kong's economic development is inseparable from the country, and young people in ... ( read original story ...)

Posted on 18/10/2021

Hong Kong-listed ETFs expected to benefit from Greater Bay Area growth, upcoming connect scheme

Investors can use ETFs to invest in mainland China with Hong Kong serving as the ideal location to develop these products, Mirae’s Hong Kong CEO says. ( read original story ...)

Posted on 18/10/2021

Hong Kong Exchange Fund posts Q3 investment loss of $1.70 billion -HKMA

Hong Kong's Exchange Fund, which is used to back the Hong Kong dollar, posted an investment loss of HK$13.2 billion ($1.70 billion) in the third quarter, the first loss after five consecutive quarters ... ( read original story ...)

Posted on 18/10/2021

Fitch Assigns CNCB (Hong Kong) Investment First-Time ‘BBB’ Rating; Outlook Stable

Fitch Ratings has assigned CNCB (Hong Kong) Investment Limited (CNCB Investment) a Long-Term Issuer Default Rating (IDR) of 'BBB'. The Outlook is Stable. CNCB Investment, domiciled in Hong Kong, is ... ( read original story ...)

Posted on 18/10/2021

Article: David Thomas of HSBC on ‘agile workforces’ and the future of learning

Flexible working has long been part of the culture at HSBC but the pandemic accelerated and normalised it How did the firm turn flexible working into an opportunity for agile learning In this exclusiv ... ( read original story ...)

Posted on 18/10/2021

Hong Kong needs poverty chief to help solve problems faced by city’s poor, major trade unions group says

Federation of Trade Unions calls for creation of commissioner for poverty to help low-income families and deal with policies it says are being ignored by existing system. ( read original story ...)

Posted on 17/10/2021

Hong Kong Monetary Authority apologises after electronic payment system crashes on Sunday morning during system maintenance

The Hong Kong Monetary Authority, the city's de facto central bank, apologised on Sunday after its electronic payment platform crashed for about five hours because of "unforeseen circumstances" during ... ( read original story ...)

Posted on 17/10/2021

HSBC Bangladesh celebrates international customer service week

Also encourages it customers to provide their valuable feedbacks constantly through HSBC Bangladesh’s feedback logging channels ... ( read original story ...)

Posted on 17/10/2021

Effects of China’s regulatory onslaught felt in Hong Kong as large IPOs fall by the wayside

Health care start-up We Doctor and supermarket operator WM Tech among those that have let their IPO applications lapse due to regulatory scrutiny, market weakness. ( read original story ...)

Posted on 17/10/2021

Hong Kong audit watchdog investigating Evergrande and PwC

Hong Kong's audit regulator said on Friday it was investigating China Evergrande Group's 2020 accounts and their audit by PwC because it had concerns about the adequacy of reporting on whether it ... ( read original story ...)

Posted on 16/10/2021

EXCLUSIVE Evergrande’s $1.7 bln Hong Kong headquarters sale flops as buyer withdraws -sources

Chinese state-owned Yuexiu Property has pulled out of a proposed $1.7 billion deal to buy China Evergrande Group's Hong Kong headquarters building over worries about the developer's dire financial ... ( read original story ...)

Posted on 16/10/2021

Hong Kong court slaps jail time on four people over plot to defraud Convoy, in a win for city’s anti-corruption investigator

Three former executives of Convoy Financial Service Holdings and a local broker were sentenced to up to seven months in prison, as Hong Kong wrapped up its four-year investigation into the city's ... ( read original story ...)

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