Tag: banking

OCBC Bank said the latest proposals send a clear message that fundamentals and transparency will be the course for China’s commercial banks to contain financial risks. The sector’s stocks rose strongly in both China SHCOMP, +0.32% and Hong Kong HSI ... ( read original story ...)

Shanghai: LeEco has repaid HK$807 million ($103.20 million) of a debt owed to China Merchants Bank and will seek to negotiate with the creditor to secure the release of some of its frozen assets, the wife of the embattled conglomerate’s founder said. ( read original story ...)

Just five years ago, if someone said Shanghai would overtake Hong Kong as a market for initial public offerings, most people would have laughed. But last year, it beat us for the first time, while New York took the top spot as the world’s premier IPO market. ( read original story ...)

Melvin Wong left HSBC in Hong Kong as a corporate banker, now he’s back just 12 month later…as a private banker. https://news.efinancialcareers.com/hk-en/301674/bankers-asia-regret-salary-rises/ HSBC has rehired one of its former corporate bankers ... ( read original story ...)

Hong Kong’s finance chief has hinted he would keep splashing money in his upcoming budget in light of a “considerably high” surplus despite the provision in the Basic Law requiring the city to keep the budget commensurate with its GDP growth rate. ( read original story ...)

Hong Kong stocks finished higher on Friday for a ninth straight session, capping the first week of 2018 with a 3 per cent advance, the best performance since the week that ended October 6 and moving closer to its all-time high in 2007. The Hang Seng Index ... ( read original story ...)

Tencent-affiliated new listings were highly sought-after in Hong Kong last year. Now, there is one more firm that looks set to join the list: C-Mer Eye Care Holdings (03309.HK). The Hong Kong-based ophthalmic services provider, which is seeking up to US$73 ... ( read original story ...)

Chongqing Rural Commercial Bank, one of China’s largest lenders to farmers and small businesses, said its A-share IPO application has been accepted by China Securities Regulatory Commission, marking a major step for the first Hong Kong-listed lender to ... ( read original story ...)

The boss of a Hong Kong film prop company could face jail time over allegedly possessing some 200,000 “counterfeit” bank notes labelled “props”. According to testimony heard at the Eastern Magistrates Court on Thursday, the bank notes were used in ... ( read original story ...)

A visitor from mainland China suspected to have been recruited by underground banks to cross the border and withdraw cash from ATMs was robbed of more than HK$350,000 (US$44,770) in a hold-up in Hong Kong before dawn on Thursday. The 28-year-old man from ... ( read original story ...)

A mainland man was robbed of HK$360,000 in cash by six knife-wielding thieves on Thursday after he withdrew the money from an ATM. Last month, Ming Pao reported that the police had observed a phenomenon of mainland people using multiple bank cards to ... ( read original story ...)

Hong Kong stocks edged up in Friday morning trade, as gains in property and oil-related stocks outweighed losses by carmakers, insurers and industrials. Mainland markets were soft. The Hang Seng Index rose by as much as 0.5 per cent to touch a fresh 10 ... ( read original story ...)

It has also obtained the first “green finance certification” issued by the Hong Kong Quality Assurance Agency (HKQAA). One Taikoo Place is a core component of the group’s HK$15 billion (US$1.9 billion) redevelopment project of Taikoo Place ... ( read original story ...)

The new year has arrived. What lies in store if you’re starting a search for a new banking job in Hong Kong? “Foreign banks in Hong Kong will increasingly want to hire relationship managers currently working in South China banking centres like ... ( read original story ...)