Tag: finance

The Hong Kong Monetary Authority (“HKMA”) has recently released two fintech-related consultation papers. Consultation Paper on Open API Framework for the Hong Kong Banking Sector – released on 11 January 2018 (the “Open API Paper”). Public ... ( read original story ...)

China Mobile dipped 0.28 percent and BOC Hong Kong was unchanged. The lead from Wall Street is murky as stocks opened lower Wednesday before climbing off their worst levels of the day, although only the NASDAQ managed to close in positive territory. ( read original story ...)

Howard Lee, deputy chief executive at the HKMA, Hong Kong’s de facto central bank, was speaking at a press conference called to provide updates about the city’s progress in its attempts to move into what it has called a “new era of smart banking”. ( read original story ...)

Standard Chartered Bank, which invested US$400 million in its digital banking operations globally in 2017, will pour more money into developing fintech services in the coming year, according to its boss in Hong Kong. Mary Huen Wai-yi, the lender’s chief ... ( read original story ...)

HONG KONG, March 5, 2018 /PRNewswire/ -- The leading cross-border investment platform with integration of industry and finance -- OP Financial Investments Limited ("OP Financial" or "the Company", stock code: 01140.HK) is pleased to announce that the ... ( read original story ...)

Hong Kong has announced plans for a green bond programme with a borrowing ceiling of HKD100bn (US$12.8bn) as part of its budget for 2018/19, in a bid "to demonstrate the government's commitment to promoting green finance". The scale of issuances surpasses ... ( read original story ...)

“People are selling Hong Kong dollars to position for an interest-rate increase by the US Federal Reserve in March,” said Jasper Lo Cho-yan, senior vice-president at iBest Finance in Hong Kong. “As Hong Kong’s banking system is flooded with ample ... ( read original story ...)

“Although Hong Kong has a very robust regulatory system, and there have only been a handful of insolvencies involving small non-life insurers in the past two decades, the 2008 international financial crisis highlighted the need for a more comprehensive ... ( read original story ...)

CENTRAL: Finance chief Paul Chan has maintained that the government will give about 40 percent of the surplus back to the public through various means. The plan included a number of tax rebates, with salaries tax, tax under personal assessment ... ( read original story ...)

HSI financial sector sub-index is 2.3 percent lower; property sector down 2.1 percent March 5 (Reuters) - Hong Kong stocks fell the most in three weeks on Monday as the prospects of a global trade war continued to haunt investors. ** US President Donald ... ( read original story ...)

HONG KONG (Reuters) - China’s Tasly Pharmaceutical Group is planning to list its biopharma unit in Hong Kong to raise about $1 billion, in what is likely to be the largest biotech float in the city this year, people with knowledge of the matter said. ( read original story ...)

Ireland will return to the Cathay Pacific / HSBC Hong Kong Sevens in April, appearing for the first time since 2000, when they won the Bowl. The Irish are among the 12 teams contesting the international qualifier tournament for the World Rugby HSBC Sevens ... ( read original story ...)

Hong Kong's currency regime is coming under serious strain as the US Federal Reserve steps up the pace of monetary tightening, threatening to set off an unpredictable chain of events in the world's most over-stretched -financial system. The enclave's US ... ( read original story ...)

Grail, a US spinout from Illumina (NSDQ: ILMN) that is developing blood-based cancer detection tests, is considering a $500 million Hong Kong IPO (see story). Last year, Grail completed a $900 million Series B fundraising, the largest ever. In June, Grail ... ( read original story ...)