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Tag: banking

Posted on 05/08/2021

Hong Kong based Virtual Banking Platform WeLab Bank Reports Solid Growth and Adoption of Digital Financial Services

Hong Kong based virtual banking platform WeLab Bank reports solid growth and adoption of digital financial services. ( read original story ...)

Posted on 05/08/2021

Hong Kong’s financial system has proven its resilience: Carrie Lam

Hong Kong's financial system has proven its resilience during the social unrest and the pandemic, Carrie Lam, chief executive of the Hong Kong Special Administrative Region (HKSAR), said Wednesday at ... ( read original story ...)

Posted on 05/08/2021

Financial chief praises unbiased media as key for Hong Kong’s success at news awards where Post takes home 12 prizes

Hong Kong's financial secretary has called "professional, fair, objective and unbiased" media the best safeguard of the "free flow of information", which is a foundation that helps the city develop as ... ( read original story ...)

Posted on 04/08/2021

Billionaire Lo’s Shui On Land Picks Banks for Xintiandi IPO

Shui On Land Ltd. has picked Morgan Stanley and UBS Group AG to lead a proposed initial public offering of its unit China Xintiandi Holding Co., people with knowledge of the matter said.The property ... ( read original story ...)

Posted on 04/08/2021

India Mints New Billionaire Woman As Nykaa Founder Grooms Her Beauty Retailer For An IPO

Veteran investment banker-turned-entrepreneur Falguni Nayar, whose beauty retailer Nykaa is poised to launch its IPO, is India’s newest billionaire. ( read original story ...)

Posted on 04/08/2021

China’s finance ministry appoints 40 Hong Kong accountants as advisers to serve as bridge between city, rest of country

Liaison office picks members of the big four accounting firms and different sectors to build solidarity and push economic integration. ( read original story ...)

Posted on 04/08/2021

Hong Kong Market rebounds on bargain hunting

At closing bell, the benchmark Hang Seng Index added 0.88%, or 231.73 points, to 26,426.55. The Hang Seng China Enterprises Index rose 1.06%, or 98.87 points, to 9,419.25. ( read original story ...)

Posted on 04/08/2021

Hong Kong Justice Secretary Cheung seeks to ease firms’ worries on anti-sanctions law

The law is a measure devised by Beijing to hit back at the US and other critics. Read more at straitstimes.com. ( read original story ...)

Posted on 04/08/2021

Hong Kong Minister Seeks to Ease Firms’ Worries on Sanctions Law

Hong Kong’s top legal official said businesses shouldn’t be “too worried” about China’s imposition of an anti-sanctions law on the financial hub, as the government tries to ease worries Beijing’s ... ( read original story ...)

Posted on 04/08/2021

Hong Kong Bourse Tipped To Bounce Higher On Wednesday

The Hong Kong stock market has moved lower in two of three trading days since the end of the two-day winning streak in which it had spiked more than 1,220 points or 4 percent. The Hang Seng Index now ... ( read original story ...)

Posted on 04/08/2021

Banks From HSBC to Citi Shrug Off China Risks, Embrace H.K.

Growing geopolitical tensions and pulled initial public offerings have done little to damp the appetite of Western banks for Hong Kong and China.Standard Chartered Plc Chief Executive Officer Bill ... ( read original story ...)

Posted on 04/08/2021

Hong Kong regulator fines UBS US$1.5 million for compliance breaches

Swiss bank UBS was fined HKUS$11.55 million (US$1.5 million) by Hong Kong's securities regulator for failing to disclose its holdings in some ... ( read original story ...)

Posted on 04/08/2021

Anti-sanctions law will be wielded with care, Hong Kong justice minister vows

Fresh off her four-day visit to Beijing, Teresa Cheng offers assurances the law will only be used to counter unreasonable sanctions on the city and country. ( read original story ...)

Posted on 03/08/2021

Nation’s Ministry of Finance appoints 40 Hong Kong accounting professionals as consulting experts

Forty Hong Kong accounting professionals were appointed on Tuesday as consulting experts of the nation's Ministry of Finance for a term of five years. The appointment aims to leverage the role of Hong ... ( read original story ...)

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