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Tag: banking

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 ...)

Posted on 03/08/2021

Investment platform launched in Hong Kong to help finance mainland small firms

Former chief executive of Hong Kong Exchanges and Clearing Limited Charles Li announced Tuesday the launch of an investment platform to channel international capital to mainland small firms. Speaking ... ( read original story ...)

Posted on 03/08/2021

Hong Kong’s Securities Regulator Fines UBS HK$11.55 Mln For Regulatory Breaches

Hong Kong's securities regulator has fined UBS HK$11.55 million for regulatory breaches. The Securities and Futures Commission or SFC's investigation found that between May 2004 and May 2018, UBS ... ( read original story ...)

Posted on 03/08/2021

Veteran journalist flees ‘white terror sweeping’ Hong Kong

Veteran Hong Kong broadcaster Steve Vines has fled the Chinese territory for the UK because of a “white terror sweeping” the city that was making journalism a high-risk occupation. He announced his ... ( read original story ...)

Posted on 03/08/2021

HSBC may be the most exposed bank if China imposes anti-sanction laws on Hong Kong

Ronald Wan of Partners Financial Holdings says financial institutions in Hong Kong generally will be in a "sensitive position" if China imposes anti-foreign sanctions law on Hong Kong. But, he says ... ( read original story ...)

Posted on 03/08/2021

DAILY VOICE | Chinese companies’ IPO traffic may shift to Hong Kong from US, says Piyush Nagda of Prabhudas Lilladher

One of the direct beneficiaries of the Chinese crackdown will be the Indian startup space. Ed-tech and fintech companies that are not yet listed will gain more, says Nagda ... ( read original story ...)

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