Tag: finance

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 ...)

Hong Kong’s biggest banks are increasingly locking mortgage rates to lure customers from upstart rivals in the world’s least affordable housing market, where borrowing costs are soon expected to rise. HSBC Holdings Plc and BOC Hong Kong (Holdings ... ( read original story ...)

Two years later, Lei and his team concluded 2017 with a surprising comeback. Underlining its global ambitions, Xiaomi is seeking to list in Hong Kong in 2018. The IPO is valued at US$100 billion – around a price to earnings ratio of 60. Its sister ... ( read original story ...)

The banking industry has undergone rapid change in recent years with the rise of virtual currency, fintech and digital innovation challenging the status quo. One of the key developments emerging in the last couple of years is the concept of Open ... ( read original story ...)

Some updates include: Banks, financial institutions and technology companies may apply to own and operate a virtual bank in Hong Kong. Virtual banks should play an active role in promoting financial inclusion in delivering their banking services. ( read original story ...)