Bangladesh Bank rejects City request to set up subsidiary in HK

DHAKA: Bangladesh Bank has declined to give City Bank the permission to set up a subsidiary company in Hong Kong given the declining imports from the Asian nation. The private bank in its application in October last year said it would provide trade ... ( read original story ...)

Hong Kong-listed China shares hit two-year high, led by banks

Hong Kong & China Ga (HOKCF) is on trader's radar as the shares ... indicator used to describe if a market is trending or not trending. China's central bank on Saturday cut the amount of cash that some banks must hold as reserves for the first time since ... ( read original story ...)

World Bank raises Asia growth forecast, warns of NKorea risk

HONG KONG (AP) — The World Bank raised its growth forecast for the developing economies of East Asia and the Pacific on Wednesday but warned that risks included rising protectionism and escalating tensions over North Korea. In an update to its annual ... ( read original story ...)

Fraudulent website related to Hang Seng Bank, Limited

The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Hang Seng Bank, Limited on a fraudulent website, which has been reported to the HKMA. Hyperlink to the press release is available on the HKMA website ... ( read original story ...)

Hong Kong stocks surge as banks, insurers lead

HONG KONG, Oct 4 (Reuters) - Hong Kong stocks rose on Wednesday, extending gains made in the previous trading session, with Chinese banks and insurers leading the surge after China’s central bank cut reserve ratios over the weekend. The blue chip Hang ... ( read original story ...)

HSBC declares dividend

HSBC (0005) yesterday declared a third interim dividend of US$0.10 (78 HK cents) per ordinary share. A scrip dividend will also be offered. Hang Seng Bank (0011) also declared a third interim dividend - HK$1.20 per share.According to the latest global ... ( read original story ...)

Hong Kong bank mistakenly dumps customer cheque deposit box

The Bank of East Asia has urged anyone who put cheques into a collection box at its Cheung Sha Wan branch on a day last month to contact them after it realised that the box was “accidentally” dumped by renovation workers. In an announcement on its ... ( read original story ...)

Hang Seng, Nikkei lead market gains in Asia

Asian equity markets were broadly higher on Tuesday, with stocks in Hong Kong and Japan leading gains to track overnight strength on Wall Street, thanks to upbeat U.S. data. The Hang Seng Index HSI ... 0.2% and the Commonwealth Bank of Australia CBA ... ( read original story ...)