Tag: finance

New Delhi, Feb 17 (IANS) The only foreign bank affected in Nirav Modi/Mehul Choksi fraud case turns out to be Intesa Sanpaolo SPA whose Hong Kong branch was called upon to provide money to Gitanjali Gems against a foreign letter of credi (FLC) issued by ... ( read original story ...)

New Delhi, Feb 17 (IANS) The only foreign bank affected in Nirav Modi/Mehul Choksi fraud case turns out to be Intesa Sanpaolo SPA whose Hong Kong branch was called upon to provide money to Gitanjali Gems against a foreign letter of credi (FLC) issued by ... ( read original story ...)

according to the Hong Kong Monetary Authority. What is changing is that some bank customers are willing to accept notes that are not newly printed, with about half ready to accept used banknotes in good condition for their lai see packets. “Since 2006 ... ( read original story ...)

HONG KONG, CHINA -- February 15, 2018 -Citi Hong Kong was named "Digital Bank of the Year" and swept top awards across every banking category at The Asset Triple A Digital Awards 2017 in Hong Kong. The Citi Mobile App has earned Citi numerous accolades ... ( read original story ...)

NEW DELHI: The Reserve Bank and the Sebi are likely to approach their counterparts in Hong Kong for cooperation in the matter relating to the whopping over Rs 11,000 crore fraud at public sector lender PNB where several entities have come under the scanner ... ( read original story ...)

In order to keep up with fintech development, Hong Kong’s de facto central bank last week issued a draft of the updated version of the guideline for public consultation. Some of the rules remain unchanged. For example, virtual banks looking to set up ... ( read original story ...)

counting the cash and banking it. “It’s also less troublesome and safer as you don’t need to bring that much money around in your purse.” She admitted that it would be hard to set the trend in conservative Hong Kong. “It’s a bit difficult to ... ( read original story ...)

We’re gearing up for another CFO Rising summit, this time in Hong Kong on April 18 and 19. The roster of speakers will cover topics such as the changing finance function, governance frameworks, talent development, and cross-regional finance functionality. ( read original story ...)

Hong Kong’s anti-graft body and market regulator have searched the offices of medical clinic operator Town Health International Medical Group in the latest move in their joint investigation into a web of wrongdoing surrounding financial advisory firm ... ( read original story ...)

Demand for insurance covering any possible legal fallout from initial public share offerings in Hong Kong is expected to rise in coming years as a result of listing reform that is expected to attract more companies to the city, according to a leading ... ( read original story ...)

HSBC’s interest rate change follows similar moves by rivals. On January 31, Bank of China (Hong Kong) raised its rate up to 4 per cent for normal savers. “Banks are offering savers higher rates because offshore yuan liquidity in Hong Kong, and also ... ( read original story ...)

From giant cats to tumbling skyscrapers, the commercials are slick and surreal, but the gloss masks the fact that the offerings are closer to payday loans than structured finance, which remains largely the preserve of Hong Kong’s many banks. Over the ... ( read original story ...)

Technology and financial shares powered a rebound in Hong Kong stocks on Tuesday, spurred on by a recovery in US markets despite thin trading volume ahead of the upcoming Lunar New Year holiday. The benchmark Hang Seng Index climbed 379.9 points, or 1.29 ... ( read original story ...)

HONG KONG (Reuters) - A unit of China’s HNA Group [HNAIR.UL], the cash-starved aviation-to-financial services conglomerate, said on Tuesday it was selling two Hong Kong sites to Henderson Land Development Co Ltd (0012.HK) for HK$16 billion ($2 billion). ( read original story ...)