Tag: finance

The U.S. central bank has lifted rates just four times in two years and put its $4.5 trillion balance sheet on a very gradual path of slimming down, but further tightening is expected next year. Because Hong Kong’s currency is pegged to the dollar ... ( read original story ...)

and Taipei Fubon Bank are among the first trailblazers to move into the new tower within the Victoria Dockside district. With panoramic views of Hong Kong Island and Victoria Harbour, the US $2.6 billion Victoria Dockside development is poised to become a ... ( read original story ...)

The move seeks to boost the bank's mortgage and deposit books. OCBC Wing Hang Bank Limited, a wholly-owned subsidiary of OCBC, has completed the acquisition of National Australia Bank's (NAB) Private Wealth business in Hong Kong on November 24, according ... ( read original story ...)

Want an easy ride into your next banking job in Hong Kong? This is where you should be working. https://news.efinancialcareers.com/hk-en/250285/vp-job-asia/ If you’re thinking of starting a search for a new banking job in Hong Kong, it’s first worth ... ( read original story ...)

Japanese instant-noodle legend Nissin Foods Holdings – the maker of Cup Noodles and owner of big selling and well-known brands such as Demae Itcho – plans to spin off its China and Hong Kong business in an initial public offering (IPO) next month ... ( read original story ...)

The new tactics came to light after officers investigating nearly 500 reports of commercial email fraud with losses of about HK$650 million this year discovered many bank accounts used to collect the swindled money in the city were opened by mainland visitors. ( read original story ...)

* Penalty highest ever imposed on a financial firm in Hong Kong * HSBC says suspension of licenses will not impact operations (Adds additional comment from the securities regulator) By Sumeet Chatterjee HONG KONG, Nov 21 (Reuters) - A Hong Kong tribunal on ... ( read original story ...)

But there are now early signs Asia ex-Japan funds are raising their allocations in Hong Kong and China, the U.S. bank said. “Given the relatively healthy fundamental backdrop that we’re expecting for China in 2018 and still reasonable valuations in ... ( read original story ...)

Later, the U.S. Senate Banking Committee will hold a hearing to confirm ... mainland equities continues in the session ahead and will there be a spillover into Hong Kong and potentially even Japan, Korea and Australia?" asked Chris Weston, Melbourne ... ( read original story ...)

Ping An fell 2.21 per cent to HK$79.70, Bank of China fell 0.78 per cent to HK$3.81 and China Construction Bank lost 1.15 per cent to HK$6.87. China Gas Holdings slid 3.04 per cent to HK$22.35 as Bank of America Merril Lynch raised its target to HK$14.89 ... ( read original story ...)

HONG KONG, Nov 28 (Reuters) - CK Asset Holdings is avoiding investment in countries included in China's Belt and Road initiative at this stage because it focuses only on developed economies with mature legal and banking systems, a company executive said on ... ( read original story ...)

Japanese instant-noodle legend Nissin Foods Holdings – the maker of Cup Noodles and owner of big selling and well-known brands such as Demae Itcho – plans to spin off its China and Hong Kong business in an initial public offering (IPO) next month ... ( read original story ...)

Hong Kong has been a breeding ground for hot IPOs this year but here’s one that probably won’t set the market on fire. Shandong International Trust Co. plans to raise as much as $450 million in the city, according to a term sheet seen by Bloomberg ... ( read original story ...)

A finance company director accused of murdering his mistress six years ago revealed for the first time on Tuesday that he had disposed of her body, which has never been found, in a rubbish trolley parked outside a Hong Kong village. The High Court heard ... ( read original story ...)