Investing at the Shanghai or Hong Kong stock exchanges proved profitable for a long ... Rex Takasugi – TD Profile HANG SENG INDEX closed up 55.721 at 26,506.750. Volume was 15% above average (neutral) ... ( read original story ...)
Hang Seng Bank inks cooperation deal with Tencent
The local bank is happy to collaborate with the Chinese tech giant to develop innovation and FinTech service and provide simple and faster service to Hong Kong and mainland customers, a Hang Seng s... ... ( read original story ...)
Hong Kong Hang Seng tumbles as trade and growth worries clobber investors
Headline shares of the Hong Kong market were lower on Monday ... financial officer and weak data on China's slowing economy. In afternoon trades, the Hang Seng Index fell 360.38 points or 1.4% to 25,7... ( read original story ...)
Hong Kong Hang Seng recoups ground
Headline shares of the Hong Kong market were on a firmer footing on Friday ... as well as the tentative trade stalemate between the country and China. In afternoon trades, the Hang Seng Index added 70 ... ( read original story ...)
How cheap is the Hong Kong market? [Hang Seng Index 7 Year Valuations]
Based on the P/B chart, the Hang Seng Index is trading at the cheaper end of its range but not yet at levels seen in 2016. People are far more bearish than just 6 months ago – with highflying companie... ( read original story ...)
Lukewarm response as Hong Kong releases new HK$1,000 banknotes
The city’s new HK$1,000 banknotes appeared to receive a lukewarm response from the public on the day of their release, failing to draw crowds with their improved security features. Outside the HSBC br... ( read original story ...)
HANG SENG Bk Lt/S (HSNGY) vs. Societe Generale (SCGLY) Financial Survey
Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprise, and institution... ( read original story ...)
Technology push could open Hong Kong banks to more cyberattacks in 2019, KPMG says
The advent of virtual banking and the increased use of emerging technology could open Hong Kong’s banks to more risks of cyberattacks in the coming year, according to KPMG. In a new report, the accoun... ( read original story ...)
Eight leading corporate bankers you need to know in Hong Kong
Here’s a selection of some of the leading corporate bankers in Hong Kong. Tony Lee, head of corporate, commercial banking, HSBC Lee is the very definition of a loyal company man: he joined HSBC ... ( read original story ...)
Accenture: Open banking gaining traction in Hong Kong
Half of commercial bank customers in Hong Kong already participate in open banking platforms, with 27% also planning to do so in 2019, according Accenture. The study issued by Accenture found that mos... ( read original story ...)
These senior bankers left global firms to join Bank of China in Hong Kong
Large Chinese banks have traditionally grown their own talent and found it difficult to lure senior bankers away from US and European institutions. But this is now changing, at least in Hong Kong ... ( read original story ...)
Hong Kong Should Use Its Financial Might to Fight Human Trafficking
Hong Kong is witnessing a growth in responsible investing that takes into consideration environmental, social and governance (ESG) factors. Can it leverage its financial hub status to become a regiona... ( read original story ...)
Club Med’s owner Fosun Tourism prices Hong Kong IPO at bottom of price range amid market rout
China’s Fosun Tourism Group, operator of the Club Med holiday business, on Friday said it has raised US$428 million in its initial public offering (IPO), pricing shares at the bottom of a marketed ran... ( read original story ...)
With financial losses of HK$2.2 billion and more than 9,000 cyberattacks so far this year, Hong Kong finds itself a top target of hackers
In one such case, a Wan Chai woman was fleeced out of HK$180 million over four years. E-banking fraud is another common tech crime affecting residents. The Hong Kong Monetary Authority issued warnings ... ( read original story ...)