Hong Kong's audit watchdog Accounting and Financial Reporting Council (AFRC) said on Friday it would investigate PricewaterhouseCoopers' (PwC) management in auditing China Evergrande Group over a ...
Hang Seng Introduces the New PayDay+: Enjoy up to 6% p.a. HKD Savings Rate on Payroll Service Transfers
Hang Seng Bank ('Hang Seng') introduces the new PayDay+, offering an exceptional Hong Kong Dollar ('HKD') savings rate of up to 6% p.a. for customers who transfer their payroll accounts to the Bank.
Hong Kong student jailed for 1 year and 4 months over money laundering charge linked to 2019 protest fund
A Hong Kong man has been jailed for one year and four months over his links to a fundraising platform that supported protesters in 2019. Yu Yan-yuk, currently a student at the Chinese University of ...
Deutsche Bank Has Cut Dozens in Asia Private Banking Overhaul
Deutsche Bank AG trimmed 10 private banking roles in Asia over the past week, adding to dozens of cuts in recent quarters as it zooms in on more profitable markets and weeds out underperformers, ...
StanChart dangles 10% deposit rate in Hong Kong to draw China cash
Lenders in HK are ramping up efforts to woo deposits from mainland China and solidify the city’s status as a wealth hub. Read more at straitstimes.com.
BOC Hong Kong Holdings Ltd (BOF.DU)
Hong Kong's leading banking and finance firms are being bombarded with inquiries related to a cash-for-residency scheme since its launch on March 1. HSBC, Bank of China (Hong Kong) (BOCHK ...
Hong Kong stocks edge up, driven by gains in insurers, banks and casino operators
Fund manager Allspring Global said in a note that valuations call for a 'substantial rally in Chinese shares, but sustainability is harder to determine' Index gains were driven by insurers AIA and ...
Hong Kong customs arrests 3 over alleged HK$1.8 billion money-laundering scheme linked to cryptocurrency platform, shell companies
Woman, 42, and two men, aged 48 and 60, allegedly set up five companies and 18 local bank accounts that handled more than 1,000 suspicious transactions.
Yuan Funding Costs Climb in Hong Kong, Pressuring Bearish Bets
Signs of a cash squeeze are starting to emerge in the yuan’s largest offshore trading center, a move that dents the appeal of bearish wagers on China’s managed currency.
Morgan Stanley, HSBC cutting Asia investment banking jobs on China deals slowdown
HONG KONG (Reuters) -Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific region this week, sources said, as they ramp up cost-cutting, with weaker dealmaking and ...
HSBC to Cut Another 20 Investment Banking Jobs in Asia, Sources Say
HONG KONG (Reuters) - HSBC is expected to cut an additional 20 investment banking jobs in Asia on a deals slump, takes the total cuts to around 30 this week, three sources with knowledge of the matter ...
Hong Kong lawmakers question govt spending S$653,000 a month on 6 unused Covid-19 isolation facilities
Lawmakers in Hong Kong are criticising the government for spending HK$3.75 million (S$653,000) a month to maintain six unused Covid-19 isolation facilities. South China Morning Post reported that the ...
Morgan Stanley, HSBC cutting dozens of Asia investment banking jobs as deals slump
Morgan Stanley and HSBC are cutting dozens of investment banking jobs in the Asia Pacific this week, sources with knowledge of the matter said, as weaker deal activities and sluggish markets in China ...
Morgan Stanley cuts dozens of investment banking jobs in Asia-Pacific, sources say
Morgan Stanley is cutting at least 50 investment banking jobs in Asia Pacific, three sources said, becoming the latest among global banks to scale back operations in the region mainly due to a slump ...