But the biggest loser was Pollyanna Chu, who saw 73 per cent of her fortune wiped out following warning from Hong Kong’s Securities and Futures Commission that her company, Kingston Financial’s shares ... ( read original story ...)
Financial Review: MMA Capital (MMAC) versus HONGKONG LD HOL/ADR (HNGKY)
MMA Capital (NASDAQ:MMAC) and HONGKONG LD HOL/ADR (OTCMKTS:HNGKY) are both finance companies, but which is the better stock? We will contrast the two companies based on the strength of their instituti... ( read original story ...)
Sun Life Financial Reports Fourth Quarter and Full Year 2018 Results
Adjusted premiums and deposits is a non-IFRS financial measure that excludes from premiums ... In both cases, the decrease was attributable to Hong Kong in SLF Asia, partially offset by increases in G... ( read original story ...)
Hong Kong to allow extradition of criminals to China for first time
He added that anyone who transferred through Hong Kong airport, a major international hub, would be at risk of extradition to China under the amendment. He said the case of Meng Wanzhou, the chief fin... ( read original story ...)
Hong Kong and Ireland Look to Forge Closer Financial Co-Operation Including Fintech
The Hong Kong Secretary for Financial Services and the Treasury, James Lau, is visiting Ireland to foster closer financial co-operation between the two countries. According to a release, Lau met with ... ( read original story ...)
Hong Kong banks must step up cybersecurity, protect customers’ data as online scams multiply, warns industry leader
Hong Kong’s banks must step up their efforts to combat cybercrime and protect customers’ data amid a dramatic rise in online attacks, one of the city’s most senior banking executives has warned. Mary ... ( read original story ...)
Hong Kong capital finds way to Vietnam amid trade war
The Vietnamese Ministry of Planning and Investment recorded $19 billion of foreign direct investment from Hong Kong in the first half of 2018. Terence Chiu, head of Commercial Banking at HSBC Bank (Ho... ( read original story ...)
Allahabad Bank dials RBI for transfer of bad loan from Hong Kong
The bank is, by all probability, set to miss the March deadline set by the government for winding up the branch. KOLKATA: State-run Allahabad Bank has sought Reserve Bank of India’s permission to tran... ( read original story ...)
Belt and Road needs an image makeover
Meanwhile, a range of regional currencies can be tapped for Belt and Road projects – something Bank of China (BoC) recently discovered when it ... construction in the Greater Bay Area around Hong Kong ... ( read original story ...)
Hong Kong Shares May Inch Higher On Monday
Hong Kong & China Gas added 0.47 percent, Sands China lost 0.40 percent and BOC Hong Kong gained 0.33 percent. The lead from Wall Street is cautiously optimistic as stock fluctuated Friday before fini... ( read original story ...)
Hong Kong Bourse Tipped To Remain Rangebound
Hong Kong & China Gas climbed 1.52 percent, China Mobile dropped 1.26 percent, BOC Hong Kong retreated 1.16 percent, CITIC declined 1.03 percent, Galaxy Entertainment contracted 1.01 percent, New Worl... ( read original story ...)
BOC loses debt syndicate head in Hong Kong
Ha’s departure will bring to an end his six-year stint at the big four Chinese bank, which is yet to name a replacement for him, according to a source with knowledge of the situation. February 1 will ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Index ETF (2833.HK) 8.60% Higher Over past 13 Weeks
Shares of Hang Seng Index ETF (2833.HK) have been trending up over the past quarter, revealing solid bullish momentum for the equity, as they ran 8.60 over the past 13 weeks. Looking more nearterm, th... ( read original story ...)
Spirits industry calls on Hong Kong finance chief Paul Chan to slash taxes on strong alcohol – but medical professionals slam ‘backwards’ step
Hong Kong should ditch its outdated, high taxation system for strong alcohol, a regional trade body told the finance chief, claiming its proposals on tax reform could bring in more than HK$1 billion i... ( read original story ...)