Tag: finance

The Hong Kong Bankers Club is looking for a new home as the landlord Hongkong Land wants to lease its 7,000 square feet premises in Gloucester Tower to a restaurant operator in a bid to attract more traffic to its interconnected Landmark shopping centre ... ( read original story ...)

In 2017, Hong Kong’s total issuance of US dollar, euro, yen and local currency denominated bonds was US$467 billion, according to data from the Asian Development Bank. That was 10 per cent of Asia’s total – excluding Japan’s total bond issuance of ... ( read original story ...)

Fitch has issued a warning over the increasing integration of Hong Kong’s banking environment with China’s financial system. The ratings agency has downgraded its view on the operating environment for Hong Kong’s banks due to what it says is the ... ( read original story ...)

Canaan Creative, China’s second-largest bitcoin mining hardware maker, is planning to seek an initial public offering in Hong Kong instead of the US, which if successful would make it the first blockchain-related company to list on the city’s bourse ... ( read original story ...)

Hong Kong’s Hang Seng Index HSI, +1.36% led gains in the region ... “It is ironic that price increases—which the Bank of Japan has been working so hard to realize—are now weighing on consumption and dragging down the economy,” he added. ( read original story ...)

Hong Kong interest rates are climbing after the intervention by the Hong Kong Monetary Authority in April to defend the local currency’s peg to the US dollar. Hang Seng Bank lost 2.1 per cent to HK$196.50 and China Construction Bank shed 1.1 per cent to ... ( read original story ...)

Galaxy Entertainment and BOC Hong Kong both added 0.37 percent and Hong Kong & China Gas was up 0.24 percent. The lead from Wall Street conveys little guidance as stocks saw a negative bias throughout much of Tuesday's trade before ending roughly flat. ( read original story ...)

HONG KONG (Reuters) - A Hong Kong based NGO backed by regulators, former central bankers and government officials on Wednesday announced an alliance to fight money laundering and regulate the fast growing financial technology space across Asia. The ... ( read original story ...)

WeLab, Hong Kong’s home-grown fintech unicorn, is poised to be among the first batch of companies to apply for a virtual banking license from the Hong Kong Monetary Authority, according to its co-founders. “We have been working closely with the HKMA ... ( read original story ...)

These measures however are porous – which is playing into the hands of Hong Kong-based Swiss banks. This could however pose risks down the line. UBS is the market leader in private banking for wealthy Asian clients, with Credit Suisse in third place and ... ( read original story ...)

in September 2017 to prepare Hong Kong to move into a New Era of Smart Banking. The formulation of a policy framework on Open API was also announced to facilitate the development and wider adoption of API by the banking sector. Mr. Howard Lee ... ( read original story ...)

The central bank has stepped in more than 10 times since April 12 as Hong Kong dollar touched the weaker end of its trading band last month. The Hong Kong dollar is allowed to trade in a range of between 7.75 to 7.85 to the US dollar. Market participants ... ( read original story ...)

WeLab, a fintech (financial technology) unicorn in Hong Kong, is set to secure regulatory approval for its plan to engage in virtual banking. According WeLab founder and chief executive Simon Loong Pui-chi, the company has been working closely with the ... ( read original story ...)

He joins Sucden Financial from LMAX Exchange in Hong Kong, where he was responsible for establishing the firm's institutional presence in the area. He previously held senior positions at FXCM and Deutsche Bank. Peter Brooks, Co-Head of eFX in London said ... ( read original story ...)