Tag: finance

A surge estimated at HK$20 billion a month in suspicious ATM withdrawals in Hong Kong is attributed to a crackdown on money laundering in Macau. Authorities in the gambling city drove out organised ATM withdrawal gangs by upgrading security. The operations ... ( read original story ...)

according to the Hong Kong Monetary Authority, the city’s de facto central bank and banking regulator. The banks meted out more loans last year, which grew 16.1 per cent from 2016, and earned higher margins. Their net interest margin – the difference ... ( read original story ...)

Chinese banks and other big caps led the losers, with China Construction Bank declining 2.85 per cent ... The sell-off in Hong Kong stocks entered a second day after the Hang Seng Index had risen to a record close of 16 times so far this year. ( read original story ...)

Feb 2 (Reuters) - Hong Kong’s Hang Seng Index ended Friday marginally down ... Dongfeng Motor Group Co Ltd which fell 0.5 percent and Bank of China Ltd down by 0.4 percent. ** About 2.65 billion Hang Seng index shares were traded, roughly 104.6 percent ... ( read original story ...)

The top gainers among H-shares were Industrial and Commercial Bank of China Ltd up 0.27 percent ... at a premium of 30.46 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was 15 as of the last full trading ... ( read original story ...)

While other Asian markets mostly marked time Friday, Hong Kong’s Hang Seng Index rose to a record ... The Hang Seng HSI, +1.53% closed up 1.5% on strength in bank stocks, a major part of the index. organ Stanley boosted its stock target on a number ... ( read original story ...)

HONG KONG (Reuters) - Cash withdrawals at Hong Kong ATMs have surged, prompting scrutiny from monetary authorities, the banking industry and police amid media reports that mainland Chinese are withdrawing hundreds of thousands of dollars using up to 50 ... ( read original story ...)

HONG KONG - Cash withdrawals at Hong Kong ATMs have surged, prompting scrutiny from monetary authorities, the banking industry and police amid media reports that mainland Chinese are withdrawing hundreds of thousands of dollars using up to 50 cards at a time. ( read original story ...)

The following is issued on behalf of the Hong Kong Monetary Authority: The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by DBS Bank (Hong Kong) Limited on phishing email, which has been reported to the ... ( read original story ...)

chief Greater China economist for Australia & New Zealand Banking Group in Hong Kong. “He has a good relationship with other central banks. That may be able to facilitate policy communication.” Taiwan announces huge stimulus package in face of ... ( read original story ...)

HONG KONG (Nikkei Markets) -- Hong Kong shares capped their best monthly advance since April 2015 on Wednesday, with mainland Chinese banking and property companies driving broad gains amid strong fund inflows and upbeat global equity markets. In Wednesday ... ( read original story ...)

A modest recovery in Hong Kong’s dim sum bond market is likely this year as yields rise to attractive levels after the deleveraging efforts by the People’s Bank of China and rapid appreciation of the yuan in recent months, say analysts. Activity could ... ( read original story ...)

He rose to ED level there and then transferred to Hong Kong in 2007, staying until 2011 as an ED, according to his online profile. While Beatty is still an ED in 2018, this is not unusual in a Goldman context. The bank only makes promotions to MD every two ... ( read original story ...

Headquartered in Hong Kong with offices in Beijing, Shanghai, Shenzhen, London, New York and Singapore, BOCI provides clients with a full range of investment banking products and services in both mainland China and overseas capital markets, including share ... ( read original story ...)