The use of technology, such as big data and mobile gaming, has enabled Livi Bank to tap business opportunities from borrowers whose needs have been overlooked by the city's 160 licensed banks, ... ( read original story ...)
Australia Beats Hong Kong in IPOs for First Time Since 2019
The market for initial public offerings in Sydney has been on a tear, with the amount of deals priced last month surpassing that in Hong Kong for the first time in over two years. ( read original story ...)
HSBC reports 76% jump in third-quarter profit, plans $2 billion share buyback
The bank's reported pre-tax profit came in at $5.4 billion in the third quarter of 2021 — beating expectations. ( read original story ...)
Hong Kong insurers bank on technology to detect fraudulent claims in one corner of US$75 billion industry
Hong Kong insurers are strengthening their efforts to stamp out fraudulent claims involving critical illness policies following a rise in such cases in one small corner of the city’s US$74.7 billion ... ( read original story ...)
HSBC Asset Management selects head of stewardship and engagement
Before joining HSBC AM, Ms. Chow was a member of the London School of Economics' investment committee. She also is on the board of the International Corporate Governance Network and is an honorary ... ( read original story ...)
Evergrande technically defaulted, forcing HSBC and other international banks to write off 197 billi
This could have serious implications for major international banks such as HSBC. According to their figures for the third quarter of 2021, Hong Kong's largest bank alone has extended loans totaling 19 ... ( read original story ...)
Hong Kong bank deposits grew 3.4 per cent in first nine months of 2021 as record fundraising from popular IPOs brought in capital
The amount of money deposited in Hong Kong’s banks jumped in the first nine months of this year as investors targeted a series of hotly-anticipated initial public offerings (IPOs) in the city, a trend ... ( read original story ...)
Alibaba-Backed Huitongda May Delay $1 Billion Hong Kong IPO
Huitongda Network Co., an e-commerce platform that serves rural China, is considering delaying its planned Hong Kong initial public offering to next year, according to people familiar with the matter. ( read original story ...)
Hong Kong police arrest 32 for selling their bank accounts to scammers who used them to launder US$1.2 million
Twelve domestic helpers were among the five men and 27 women arrested when police mounted an operation against cyber deception in Western district. ( read original story ...)
Is Hong Kong’s status as Asia’s financial capital at risk?
With the 2019 protests and imposition of the National Security Law, plus Covid-19 border closures, is Hong Kong's label as Asia's financial capital at risk? Katie Silver reports ... ( read original story ...)
Exclusive: Hong Kong’s PAG seeking to raise $9 billion with new buyout fund -sources
HONG KONG (Reuters) - Asia-focused investment firm ... when levels ranged between $150 million to $230 million. Yahoo Finance Video ... ( read original story ...)
Hong Kong Stock Market Expected To Snap Losing Streak
The Hang Seng Index now rests just ... Hang Lung Properties spiked 1.86 percent, Hong Kong & China Gas sank 0.51 percent, Industrial and Commercial Bank of China and Xiaomi Corporation both ... ( read original story ...)
Police find body of solo hiker on Hong Kong hillside days after he set off alone
He was found dead in the area four days later. Last month, the body of Shou Fugang, 59, former chairman of Bank of Communications (Hong Kong), was found at Tam Chai Shan, also known as Mount Hallowes, ... ( read original story ...)
AM Best Affirms Credit Ratings of Bank of China Group Insurance Company Limited
HONG KONG, October 28, 2021--(BUSINESS WIRE)--AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of "a-" (Excellent) of Bank of China Group ... ( read original story ...)