Tag: finance

HONG KONG/LONDON (Reuters) - Standard Chartered Plc is looking to drive returns by boosting lending to key industrial sectors and top clients, in a move that could cut about a dozen investment banking jobs as it dials back in areas like private ... ( read original story ...)

Ashurst has boosted two banking and finance partners in Hong Kong: Eric Tan, who joins from Chinese firm Fangda Partners, and Daniel Lau, hired from Allen & Overy's Beijing office. Tan specialises in acquisition finance, cross-border lending, structured ... ( read original story ...)

Hong Kong stocks plunged by ... to 31,184.52 and the Hang Seng China Enterprises Index lost 3.64 per cent, or 490.53 points, to 12,989.30. All industries were down. In financials, China Construction Bank lost 4.44 per cent to HK$8.61, ICBC fell 4.03 ... ( read original story ...)

Hong Kong's Hang Seng Index was down 4.94 percent at 30,651.31 at its midday ... chief strategist at China's Bank of Communications. Hong recommended watching for dangers rather than potential gains in the near-term, although bonds — particularly ... ( read original story ...)

Do you work for a global bank in Hong Kong? The future of your job is increasingly being decided not by your firm’s head office in the US or Europe…but by the Chinese government. And as a result, the future is not necessarily that bright if you want to ... ( read original story ...)

But he longed to go back, so the following year he applied to 12 banks in Hong Kong for a summer internship, landing one at Deutsche Bank. He was thrown into the fray as the global bull market crested in the summer of 2007. “It was a blast,” Hayes says. ( read original story ...)

Overall, the HKMA said Hong Kong's banking sector had performed well, with their net interest margin, an important indicator in a bank's profitability, reaching 1.45% last year. Hong Kong banks will report their individual 2017 results in late February and ... ( read original story ...)

Investors in the Hong Kong stock market will have their tails up in the Year of the Dog, with the Hang Seng Index set for solid gains and pharmaceutical and consumers stocks a good bet, according to the annual “Feng Shui Index” compiled by Hong Kong ... ( read original story ...)

I ditched my successful consulting career to become a junior analyst at an investment bank in Hong Kong. Here’s why I don’t regret it. https://news.efinancialcareers.com/hk-en/305691/chinese-vs-western-banks/ By 2016 I’d clocked up about three years ... ( read original story ...)

Hong Kong finance minister Paul Chan Mo-po has called on the public to take “a pragmatic and understanding attitude” towards reclamation and the development of new towns, which he said were key to easing the city’s land shortage. Chan voiced support ... ( read original story ...)

These are the new skill sets the accountants would need Eric Tong, HKICPA The HKICPA has been the regulator and industry body for all accountants in Hong Kong since its establishment in 1973, but it is losing power to the government-appointed Financial ... ( read original story ...)

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 ...)