Hong Kong financial regulators are seeking to introduce an identification program for investors trading stocks on the mainland, the Financial Times (FT) reported, citing an HKSAR legislator. The proposed regulation will require investors to register their ... ( read original story ...)
ZhongAn’s resounding success likely to lure other mainland and regional fintechs to Hong Kong for listing
The huge success of an online insurer’s recent initial public offering (IPO) in Hong Kong is likely to lure more mainland and regional industry peers in search of funding, according to analysts. Shares in ZhongAn Online Property & Casualty Insurance ... ( read original story ...)
Hong Kong Bourse May Extend Monday’s Losses
BOC Hong Kong fell 0.39 percent, New World Development dipped 0.35 percent and Hong Kong & China Gas was unchanged. The lead from Wall Street suggests mild consolidation as stocks showed a lack of direction on Monday before ending slightly lower. ( read original story ...)
Why China’s latest bank reserve ratio cut comes with strings attached
Larry Hu, chief China economist at Macquarie Securities in Hong Kong, said the PBOC had been held hostage to the market’s view that a broad reserve ratio cut equated to loosening, making the central bank reluctant to use the tool. Hu said there were good ... ( read original story ...)
Hang Seng Bank (0011) Declines -0.99% on Oct 9
Hang Seng Bank together with other companies found their audience at this market. This is mainly the reason behind the region’s fast-paced economic growth. In terms of market capitalization, the Stock Exchange of Hong Kong (SEHK) is the third largest ... ( read original story ...)
Honda Aircraft Company Expands HondaJet Sales to China, Hong Kong and Macau
Hong Kong and Macau. "The HondaJet has been received with tremendous interest in and around China and we have appointed Honsan General Aviation HondaJet as a dealer in the region. With its strong focus on quality and customer service, Honsan General ... ( read original story ...)
Financial Services Quarterly Report – Third Quarter 2017: Hong Kong SFC Issues Clarification on Standards Expected of Asset Managers
The Hong Kong Securities and Futures Commission (SFC) recently released a circular outlining its views on how asset managers should address certain conflicts of interest between private funds and separately managed accounts and avoid practices that ... ( read original story ...)
Chinese Consumer Credit Provider Qudian Aims For $769 Million IPO
The IPO represents a BUY opportunity for investors who want to ... Mr. Yeung also currently serves as a director of Bumps to Babes Limited, a baby and maternity retail store chain in Hong Kong. Prior to joining Qudian, Mr. Yeung was a co-founder of ... ( read original story ...)
Tencent unit plans IPO
As of the end of last year, China Literature had 5.3 million writers and 8.4 million literary works. If China Literature's Hong Kong IPO plan materializes, it intends to use the IPO net proceeds to expand its online reading business, specifically its share ... ( read original story ...)
A New Skipper for HSBC’s $2.5-Trillion Ship?
Had China or Hong Kong's economy taken a downward turn, there might have been less enthusiasm for a known quantity at the tiller. Obviously, with so much expectation baked into HSBC's shares, as well as the buyback bonanza, any incoming management team ... ( read original story ...)
Hong Kong parents splurge the most on studies
Parents in hong Kong spend more on their children's education than any other country in the world, a new study by HSBC has shown (www.hsbc.com/ news-and-insight/media-resources/ media-releases/2017/the-value-of- education-higher-and-higher). Between ... ( read original story ...)
Marriott International Launches Club Marriott — The Largest Culinary Loyalty Program in Hong Kong, Bringing Benefits That Go Beyond Dining
HONG KONG, CHINA--(Marketwired - Oct 9, 2017) - Marriott International ( NASDAQ : MAR ) has launched the new Club Marriott in Hong Kong, a leading dining loyalty program that integrates three powerful dining loyalty programs -- Club Marriott, Eat Drink ... ( read original story ...)
Nurturing Hong Kong’s Next FinTech Generation
HONG KONG, CHINA--(Marketwired - Oct 9 ... start-ups that are developing solutions across Data Analytics & Machine Learning, Commerce & Payments, Financial Technology, Marketing & Customer Experience and Security & Enterprise IT. "We were pleased to ... ( read original story ...)
Bank of China (Hong Kong) Limited celebrates centennial of service
The Bank of China (Hong Kong) Limited will issue 5 million $100 commemorative bank notes to celebrate the 100th anniversary of its “service to Hong Kong,” with three options available. Images courtesy of Bank of China (Hong Kong) Limited. Among the ... ( read original story ...)