SafeCharge (LON:SCH) a payment technologies provider for the financial services industry, has greatly expanded its focus in Asia, opening offices in both Singapore and Hong Kong, two of the biggest hubs in the region, according to a regulatory filing. ( read original story ...)
Financial Sec. says he will spend HK$830k in gov’t funds to renovate official residence, not HK$2m
Chan replaced John Tsang Chun-wah as financial secretary in January, when the latter started his campaign to become Hong Kong’s chief executive. Chan only has four months remaining in his current term, but will move into the Deep Water Bay mansion ... ( read original story ...)
FSDC holds forum to explore career opportunities in financial compliance
Hong Kong (HKSAR) - The following is issued on behalf of the Financial Services Development Council: The Financial Services Development Council (FSDC), in collaboration with the School of Professional and Continuing Education of the University of Hong Kong ... ( read original story ...)
Bank of China HK unit buys Indonesia, Cambodia businesses from parent
HONG KONG BOC Hong Kong Holdings Ltd (2388.HK), a unit of Bank of China Ltd (3988.HK) (601988.SS), said on Tuesday it had agreed to acquire Indonesia and Cambodia businesses from its parent for about $377 million, as parts of its push into Southeast Asia. ( read original story ...)
BOC Hong Kong : Connected Transactions
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for ... ( read original story ...)
BOC Hong Kong : BOCHK has entered into Acquisition Agreements with BOC in relation to acquisitions of Indonesia Business and Cambodia Business
BOC Hong Kong (Holdings) Limited ("BOC Hong Kong (Holdings)") today announces that Bank of China (Hong Kong) ("BOCHK") has entered into the Acquisition Agreements with Bank of China ("BOC") in relation to the acquisition of the Indonesia Business and the ... ( read original story ...)
BRIEF-BOC Hong Kong (Holdings) updates on acquisition of Indonesia and Cambodia businesses
Feb 28 BOC Hong Kong (Holdings) Ltd: * BOCHK has entered into acquisition agreements with Bank Of China * Agreement in relation to acquisition of Indonesia business and Cambodia business respectively, as part of restructuring exercise of group * Deal for ... ( read original story ...)
Hong Kong’s main stock index hits 18 month-high after Wall Street rally
A new report from Morgan Stanley forecasted more rises for CCB, BOC, Agricultural Bank of China, China Merchants Bank, and Chongqing Rural Commercial Bank in the next two months. Hong Kong shares are rising together with their mainland and US peers. ( read original story ...)
Hong Kong Rugby Union chairman Pieter Schats predicts seismic shift as HSBC Try Rugby programme launches
The HSBC Try Rugby programme represents a seismic shift not only for rugby sevens in Hong Kong but also for children here in general, says Hong Kong Rugby Union chairman Pieter Schats. HSBC, the HKRU and the Education University of Hong Kong are teaming up ... ( read original story ...)
Hong Kong finance chief Paul Chan says official residence needed a makeover, but he ‘will not splash out’
Finance chief Paul Chan Mo-po has insisted his official residence in Shouson Hill was in need of renovations following reports he spent millions of taxpayer-funded dollars on revamping the property. Reports emerged on Friday that Chan, who took over the ... ( read original story ...)
China's unicorn shortcut sidelines IPO reform
HONG KONG (Reuters Breakingviews) - China may have another way to get around IPO reform: luring tech unicorns with easier listings. The securities watchdog is mulling faster IPO approvals for big tech names. Letting Jack Ma's Ant Financial, last valued at ... ( read original story ...)
RBC reviews Asia wealth business for possible sale: sources
Last year, Barclays agreed to sell its wealth and investment management business in Hong Kong and Singapore to a unit of Singapore’s Oversea-Chinese Banking Corp (OCBC). A crackdown on money laundering by Asia’s main private banking centres is forcing ... ( read original story ...)
Exclusive: China considers faster IPO approval to lure large tech deals – sources
The $25 billion record IPO of e-commerce giant Alibaba in New York in 2014 was a high-profile loss for mainland China and Hong Kong, where the company initially intended to list. More recently, however, some Chinese companies have opted to quit New York ... ( read original story ...)
HSBC warns of risks to world economic growth as profit dives
HONG KONG - London-based bank HSBC reported Tuesday that its annual profit slumped following a year it said would be remembered for "unexpected economic and political events" and warned of risks in 2017 to the global economy's continuing recovery. ( read original story ...)