But Hong Kong’s Hand Seng fell 0.7 per cent as financials dropped 0.3 per cent and technology stocks shed 2.5 per cent, while the CSI 300 index of major Shanghai and Shenzhen-listed stocks fell 0.5 pe... ( read original story ...)
Hong Kong banks prepare to release new note series
All three of Hong Kong’s banks will be issuing new $500 and $1,000 notes this year. The Standard Chartered Bank’s $500 note is shown here. Original images courtesy of Hong Kong Monetary Authority. The ... ( read original story ...)
Hong Kong helps banks develop innovative and convenient services
Open APIs, in this context, refer to APIs that allow third-party access to systems belonging to a bank, while ensuring adequate security and consumer protection measures. Hong Kong, however, seemed to ... ( read original story ...)
HKMA guidelines on smart banking to help Hong Kong bridge the gap on innovative services with other markets
Hong Kong lags behind other developed markets in allowing banks to work with third party service providers to deliver a “smart banking experience” but the Hong Kong Monetary Authority’s latest guideli... ( read original story ...)
The new hot jobs at HSBC in Asia as region’s profit share reaches 87%
HSBC’s results for the first half of 2018 lay bare the extent of the bank’s reliance on Asia. Led by Hong Kong, the region generated 87.6% of its pre-tax profits. Europe, by contrast, contributed 1%. ... ( read original story ...)
China Tower in muted Hong Kong debut for world’s largest IPO in two years
HONG KONG (Reuters) - China Tower Corp Ltd's shares were little changed on their debut in Hong Kong on Wednesday, with escalating Sino-U.S. trade tensions weighing on investor sentiment towards the wo... ( read original story ...)
Hong Kong banks hike mortgage rate, end cheap money era
Home prices in Hong Kong have surged nearly three-fold since 2008, propelled by a supply shortage, cheap financing and big flows of money from Chinese investors. HSBC Holdings, Bank of China (Hong Kon... ( read original story ...)
Hong Kong’s IPO Takeoff Is Running Out of Runway
Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter. ( read original story ...)
HSBC to pay $765m US fine over crisis-era conduct
Britain's Asia-focused bank HSBC on Monday revealed a $765-million US fine over the lender's actions in the run-up to the subprime crisis, as it also logged rising first-half profits. HSBC said it has ... ( read original story ...)
Banking on Central value
meaning the future property will worth HK$50 billion. Prices of Central offices have been soaring since the auction of the Murray Road car park opposite Hutchison House. I was earlier at the Bank of C... ( read original story ...)
China Tower joins growing list of subdued Hong Kong IPO debuts
HONG KONG (Reuters) - China Tower Corp Ltd’s (0788.HK) shares closed flat on their debut in Hong Kong on Wednesday, with escalating Sino-U.S. trade tensions dragging on investor sentiment toward the w... ( read original story ...)
China Tower ends flat in HK debut morning as weak mood weighs on biggest IPO in two years
shares were little changed on their debut in Hong Kong on Wednesday, with escalating Sino-U.S. trade tensions weighing on investor sentiment toward the world’s biggest initial public offering (IPO) in ... ( read original story ...)
China Tower barely changed in HK debut after world’s largest IPO in two years
shares opened virtually flat on their debut in Hong Kong on Wednesday, with escalating Sino-U.S. trade tensions weighing on investor sentiment towards the world's biggest initial public offering (IPO) ... ( read original story ...)
Homeowners beware: Citibank first to raise mortgage rate in Hong Kong
Citibank will raise its mortgage rate for new borrowers in Hong Kong, making it the first major bank to bring the curtain down on more than a decade of cheap funding to buy property. The American lend... ( read original story ...)