Tag: finance

Hong Kong’s main Hang Seng index rose to a more than one-week high by lunch ... followed by China Merchants Bank Co Ltd, gaining 5.5 per cent, and Anhui Conch Cement Co Ltd up 4.6 per cent. The three biggest H-shares percentage decliners were BYD Co ... ( read original story ...)

“This trend will continue as rates are only going up,” Lawrence Kung, head of the deposits department at Wing Lung Bank Ltd. in Hong Kong, said in a phone interview. “Banks are preparing themselves in terms of funding before the rate-hike cycle. ( read original story ...)

Tech stocks’ global struggles and U.S.-China trade tensions may have cooled enthusiasm for what some said could have been one of Hong Kong’s hottest-ever initial public offerings: Ping An Insurance Co. 601318 -3.56% of China Ltd.’s sale of a piece of ... ( read original story ...)

The 15 international financial institutions are: ABN AMRO Bank; AIG Insurance Hong Kong; Australia and New Zealand Banking Group; The Bank of New York Mellon; BlackRock Asset Management North Asia; Credit Suisse; Goldman Sachs; Morgan Stanley; Nomura ... ( read original story ...)

The Hong Kong Financial Services and Treasury (FSTB) released a report yesterday, April 30, on the status of money laundering (ML) and terrorism financing (TF). The report concluded that virtual currencies (VC), like Bitcoin (BTC), are not particularly ... ( read original story ...)

They lost in the gold medal match of the Commonwealth Games but a tournament that Ben Ryan says is decreasing in relevance may just have won Fiji the HSBC Sevens World Series ... including a dominant victory in Hong Kong – and have all the momentum ... ( read original story ...)

HONG KONG (Reuters) - Biotechs without revenue can apply to list in Hong Kong from Monday under new rules aimed at attracting listings, mostly from China’s fast-developing market. The move is part of a bold effort to rival New York’s Nasdaq, the ... ( read original story ...)

... mainland Chinese lenders Industrial and Commercial Bank of China and Bank of China Hong Kong jumped 2.8 per cent to HK$6.97 and 4.7 per cent to HK$40.90 respectively. Hang Seng Bank also hit a three-year high of HK$200.40, gaining 2.45 per cent by noon. ( read original story ...)

You’re an intern or analyst in Hong Kong. You’re wondering which banking roles will land you a salary large enough to finally move out of your parents’ place by the https://news.efinancialcareers.com/sg-en/314051/sought-after-asian-banking-jobs/ You ... ( read original story ...)

Snaring what is shaping up to be the world’s biggest initial public offering of 2018 could be a double-edged sword for Hong Kong. Chinese smartphone maker Xiaomi Corp., which has ambitions to take on Apple Inc. and Samsung Electronics Co., is said to be ... ( read original story ...)

It will become the first U.S. entertainment company to be listed in Hong Kong. Burbank-headquartered STX Entertainment has submitted preliminary paperwork for its planned initial public offering on the Hong Kong Stock Exchange in the form of a draft ... ( read original story ...)

Hong Kong’s financial system is groaning under a deluge of tens of thousands of suspicious financial transaction reports, the number of which has more than quadrupled over the past six years. In 2017 the Joint Financial Intelligence Unit – which acts ... ( read original story ...)

Spending a weekend at last year’s Singapore Sevens just days after feeling the full force of the Cathay Pacific/HSBC Hong Kong Sevens was like the night I had to work behind the bar during my mate’s buck’s party. I was present, it wasn’t ... ( read original story ...)

Everett Harris & Company decreased its stake in China Mobile Hk. Ltd. Adr F (CHL) by 9.42% based on its latest ... The firm has “Hold” rating by HSBC given on Friday, March 24. Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from ... ( read original story ...)