Tag: finance

LONDON (Reuters) - HSBC will invest $15-17 billion in the next three years in areas including technology and its core Asian markets of Hong Kong and China as it swings from a strategy of cost-cutting to growth, new Chief Executive John Flint said on Monday. ( read original story ...)

Flint also said Monday that HSBC wants to be a top-tier wealth manager in Asia, driven by China’s relaxation of local ownership rules. The Pearl River Delta, the manufacturing hub located just north of Hong Kong, is a key priority area for growth ... ( read original story ...)

HONG KONG (Reuters) - Standard Chartered plans to apply for “virtual banking” license in Hong Kong, the emerging market-focussed lender said on Monday, amid a rush by global banks to boost their digital presence to attract more young customers. ( read original story ...)

Hong Kong Monetary Authority executives and banking officials said during a media briefing on Monday. Hong Kong is Asia’s fourth largest bond issuance centre after Japan, mainland China and South Korea. Helen Wong Pik-kuen, chief executive for Greater ... ( read original story ...)

Standard Chartered plans to apply for a virtual banking licence in Hong Kong, the first global bank to announce its intention to do so and a sign the London-based emerging markets lender aims to launch a new banking business in the city. The introduction ... ( read original story ...)

HONG KONG (Reuters) - Chinese smartphone maker Xiaomi booked a first-quarter net loss of 7 billion yuan ($1.09 billion) ahead of its blockbuster initial public offering. That compares with a net loss of 43.89 billion yuan for the whole of 2017, according ... ( read original story ...)

LONDON (Reuters) - HSBC will invest $15-17 billion in areas including technology and its core Asian markets of Hong Kong and China as it swings from a strategy of cost-cutting to growth, new Chief Executive John Flint said on Monday. The announcement is ... ( read original story ...)

Hong Kong and London-listed Standard Chartered Bank plans to apply for a virtual bank licence, making it the first traditional bank seeking a licence locally to operate purely online without physical branches. The Hong Kong Monetary Authority last month ... ( read original story ...)

penetration rate of Asia’s IAMs exceeds 65% — well above private banks’ average of approximately 8% HONG KONG, June 8, 2018 /PRNewswire/ — Asian Private Banker, in collaboration with leading Swiss private bank Julius Baer, has released its report ... ( read original story ...)

Owners and directors of at least five Hong Kong firms that allegedly received about Rs 8,270 crore from Letters of Undertaking (LoUs) issued by Punjab National Bank, on behalf of jeweller Nirav Modi, used to earn only between Rs 8,000 and Rs 30,000 every ... ( read original story ...)

In the not-so-distant future, Hongkongers will be able to live out their golden years in Zhuhai, Shenzhen – or any of the nine mainland cities within the “Greater Bay Area” in southern China, all within a short drive from Hong Kong. They could drive ... ( read original story ...)

Offering could become world's largest first-time share sale since Alibaba's listing BEIJING • Xiaomi has won Hong Kong stock exchange approval for its planned initial public offering (IPO), which would be the first listing in the city with weighted ... ( read original story ...)

Deutsche Bank, Citigroup, China International Capital Corp, CITIC Securities, JPMorgan and Morgan Stanley acted as financial advisors to Ant. Reporting by Adam Jourdan in SHANGHAI, Cate Cadell in BEIJNG, and Julie Zhu and Kane Wu in HONG KONG; Editing by ... ( read original story ...)

The China Banking and Insurance Regulatory Commission and the Securities and Futures Commission of Hong Kong have entered into a memorandum of understanding regarding the cooperation and exchange of information in connection with the supervision and ... ( read original story ...)