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Tag: banking

Posted on 07/12/2020

HSBC Sees More Hong Kong Problems as Politician Accounts Frozen

HSBC Holdings Plc has once again found itself in the middle of the debate over Hong Kong’s political future after a former pro-democracy lawmaker, who has fled into self-imposed exile, accused the ... ( read original story ...)

Posted on 07/12/2020

Hong Kong stocks fall on losses in China Construction Bank, ICBC, as rising Covid-19 infections weigh on sentiment

On the Hang Seng Index, China Construction Bank led the losses with a 2.7 per cent decline. ICBC dropped 2.4 per cent, while BOC Hong Kong retreated 2 per cent. Hong Kong bourse operator HKEX declined ... ( read original story ...)

Posted on 07/12/2020

Exiled Hong Kong legislator calls for inquiry after HSBC freezes bank account

A Hong Kong legislator who fled to Europe has called on regulators to investigate the actions of major banks including HSBC, after his accounts and those of his wife and parents were allegedly frozen. ( read original story ...)

Posted on 07/12/2020

Ex-Hong Kong lawmaker ‘no longer trusts HSBC’ after accounts were frozen

Ted Hui, one of several opposition lawmakers who quit the Legislative Council last month in protest at the dismissal of four colleagues, fled to Britain after facing criminal charges. ( read original story ...)

Posted on 07/12/2020

Ex-Hong Kong lawmaker says some bank accounts unfrozen, no longer trusts HSBC

Former Hong Kong democracy lawmaker and activist Ted Hui, who fled to Britain after facing criminal charges, said some of his bank accounts had been unfrozen and he had moved funds swiftly from HSBC, ... ( read original story ...)

Posted on 06/12/2020

Former Hong Kong lawmaker Ted Hui says his bank accounts frozen

Former Hong Kong lawmaker Ted Hui said on Sunday his local bank accounts appeared to have been frozen after fled to Britain with his family to continue his pro-democracy activities. Hui told Reuters ... ( read original story ...)

Posted on 06/12/2020

Hong Kong finance minister sounds alarm over city’s financial stability as recurrent spending nears half a trillion dollars a year

Financial Secretary Paul Chan points to rapid growth in government spending which has ballooned 25 per cent in past three years. ( read original story ...)

Posted on 06/12/2020

Hong Kong Ex-Lawmaker Says Bank Accounts Frozen, SCMP Reports

Former Hong Kong pro-democracy lawmaker Ted Hui said he and his family no longer have access to their bank accounts in the city after he fled to self-imposed exile in the U.K., the South China Morning ... ( read original story ...)

Posted on 06/12/2020

Hong Kong police chief says Ted Hui should be ashamed for jumping bail, as force freezes his bank accounts and looks into HK$3.5 million crowdfunding campaign

Hong Kong police are looking into whether fugitive Ted Hui Chi-fung broke any laws in a multimillion-dollar crowdfunding campaign, the city's police chief said on Sunday, as sources revealed three ... ( read original story ...)

Posted on 06/12/2020

BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) Short Interest Update

BOC Hong Kong (Holdings) Limited (OTCMKTS:BHKLY) was the recipient of a significant increase in short interest in the month of November. As of November 15th, there was short interest totalling 9,500 ... ( read original story ...)

Posted on 05/12/2020

Former opposition lawmaker Ted Hui lands in London to begin self-exile, only to find Hong Kong bank accounts frozen

Former opposition lawmaker Ted Hui Chi-fung arrived in Britain at the start of the weekend to start his self-imposed exile, only to find that his Hong Kong bank accounts appeared to have been frozen. ( read original story ...)

Posted on 05/12/2020

Hong Kong stocks end week lower after SMIC and CNOOC decline following US blacklisting

Hong Kong stocks ended the week lower after the Trump administration added four more Chinese companies to a blacklist. China stocks, on the other hand, were in a ‘soft bull cycle’ and recorded a third ... ( read original story ...)

Posted on 04/12/2020

Hong Kong Legislature Backs Studies for Artificial Islands Despite Criticism

Hong Kong's Legislative Council approved on Friday engineering and infrastructure studies for a government plan to build vast artificial islands in an effort to solve housing problems in one of the ... ( read original story ...)

Posted on 04/12/2020

Hong Kong stocks decline after US blacklists four more Chinese firms; SMIC trading to resume

The Hang Seng Index fell 0.2 per cent to 26,686.54 in the morning session, while the Shanghai Composite Index followed two days of declines by shedding 0.4 per cent to 3,430.03. ( read original story ...)

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