In its comment at a forum on Nov. 10, 2017, Hong Kong’s Secretary for Financial Services and the Treasury, James Henry Lau, claimed that Blockchain could greatly reduce the huge input of human resources and time that trade financing generally requires. ( read original story ...)
Takung Art Reports Third Quarter 2017 Financial Results
HONG KONG, CHINA / ACCESSWIRE / November 14 ... today announced its third quarter 2017 financial results. For the three months ended September 30, 2017, Takung reported $3.4 million in total revenue and net income of $0.03 million, or $0.00 diluted ... ( read original story ...)
China Finance Online Reports Third Quarter and First Nine Months of 2017 Unaudited Financial Results
Total shareholders' equityof China Finance Online was $61.8 million as of September 30, 2017. Rifa receives licenses for asset management and investment advisory in Hong Kong (Type 4, 5, 9 licenses) The Company's wholly owned subsidiary, Rifa Asset ... ( read original story ...)
Hong Kong Open: Day Three – As it Happens
The 2017 Cathay Pacific Sun Hung Kai Financial Hong Kong Open continues today with some intriguing second round battles in store at the Hong Kong Squash Centre. 24 hours after stunning defending champion Ramy Ashour in one of the tournament's biggest ever ... ( read original story ...)
China’s Huishan Dairy tells lawyers to ready for liquidation
(Reporting by Adam Jourdan in SHANGHAI and Matthew Miller in BEIJIJNG; Additional reporting by Twinnie Siu and Umesh Desai in HONG KONG and Shu Zhang in BEIJING; editing by Jennifer Hughes and Jason Neely) 07/31 HANG SENG BANK: H1 Profit Up 23% 07/31 DJ ... ( read original story ...)
Mandatory Provident Fund fee cuts at HSBC to spark reductions in city and increase savings
HSBC, the largest bank in Hong Kong, will cut the management fees charged for its Mandatory Provident Fund schemes from December 1, with the fees for some constituent funds set to fall by 27 per cent. The reduction is the largest ever in terms of assets ... ( read original story ...)
Why colonial Hong Kong didn’t appeal to literary big hitters
chief manager of the Hongkong and Shanghai Banking Corporation for most of the period between 1876 and 1902. Nineteenth-century Far Eastern finance aside, Jackson and his ilk inadvertently played an important role in shaping 20th-century literary history ... ( read original story ...)
Meet six Hong Kong bankers shaking up Asia’s hottest sector
Jan Metzger, global co-head technology investment banking, Citi Metzger was promoted into his Hong Kong-based global role in January this year in a management shake-up of Citi’s investment bank. He joined Citi in November 2015 to run its TMT corporate ... ( read original story ...)
Who are the winners in mainland-Hong Kong stock connect trading?
According to data from Hong Kong Exchanges and Clearing (HKEX), HSBC and liquor maker Kweichow Moutai have been the most heavily traded stocks, while banking, consumer and “new economy” have been the dominant sectors. The stock connect between Shanghai ... ( read original story ...)
Hong Kong seeks mobile wallet capabilities in China
You are currently accessing Central Banking via your Enterprise account. If you already have an account please use the link below to sign in. If you have any problems with your access or would like to request an individual access account please contact our ... ( read original story ...)
Bank of China maps out plan for future in HK
Interview with Lin Jingzhen, deputy chief executive, Bank of China (Hong Kong) Q: How can Hong Kong play the role of "super-connector"? A: As an international financial, trading and shipping center, Hong Kong enjoys the unique advantages of its ... ( read original story ...)
Phishing e-mail related to The Hongkong and Shanghai Banking Corporation Limited
The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by The Hongkong and Shanghai Banking Corporation Limited on phishing e-mail ... ( read original story ...)
Another senior Asian banking professional has quit for tech
Asia’s banking brain drain continues as a tech firm poaches a leading financial professional. https://news.efinancialcareers.com/hk-en/299072/hong-kong-bankers-alibaba/ It’s happened again: another senior banking professional has quit the finance ... ( read original story ...)
Huaxia Life expands holding in China Minsheng Bank to 4.13pc
Huaxia Life Insurance, controlled by troubled mainland tycoon Xiao Jianhua, has increased its stake in China Minsheng Banking Corp, it said in a filing to the Hong Kong stock exchange. The insurer said it bought 130.8 million A shares of Minsheng Bank in ... ( read original story ...)