KB, Shinhan, Hana, Woori and NongHhyup -- have set aside a total of nearly 1.7 trillion won ($1.2 billion) in reserve for the compensation of losses related to the misselling of equity-linked ...
HSBC’s Private Bank Shuts IAM Business in HK, Singapore
HSBC Holdings Plc’s private bank has discontinued its independent asset management business in Hong Kong and Singapore following a strategic business review, a bank spokesperson said.
Chinese Financial Services Shares Gain on Consolidation Hopes
Shares of several Chinese financial services companies traded higher Friday on expectations that the sector may see consolidation after state-run Guolian Securities announced its intention to buy ...
Hong Kong Approves First Crypto Spot ETFs, Enhancing Its Role as a Digital Asset Hub
Hong Kong's financial market is stepping onto a new stage with the recent approval of its first crypto-related spot exchange-traded funds (ETFs) ...
What’s next in the fee fight for Hong Kong ETFs?
Hong Kong’s financial market will experience competition for the fees among the newly approved Bitcoin and Ethereum exchange-traded products (ETFs). These funds, are licensed by SFC and scheduled to ...
Hong Kong stocks hit 5-month highs as fund positioning shows investors returning to China
HSBC said global funds raised their allocation to China, while cutting the underweight position on the market and reduced exposures to Taiwan and India Mainland investors are also returning to Hong ...
Hong Kong treasury chief tells UK minister BN(O) passports invalid as proof of identity, in bid to sort pensions confusion
Treasury chief Christopher Hui seeks to clear up confusion over whether residents on UK citizenship pathway can withdraw pensions at meeting with visiting British minister Hui and Anne-Marie Trevelyan ...
Hong Kong’s Mox Bank one of fastest growing digital banks worldwide
Mox has the 7th largest credit card book in the city and has 550,000 customers. Hong Kong virtual lender Mox Bank has been named as one of the fastest growing digital banks in the world by management ...
Buy Rating Affirmed for BOC Hong Kong (Holdings) Amid Positive Financial Outlook and Strategic Growth Initiatives
In a report released yesterday, Sam Wong from Jefferies upgraded BOC Hong Kong (Holdings) (BNKHF – Research Report) to a Buy, with a ...
China Market Update: Internet Stocks Lead Hong Kong Higher
Hong Kong had a strong night led higher by internet stocks on ... Southbound Stock Connect volumes were high as mainland investors bought $254mm of HK stocks and ETFs with Bank of China, Kuaishou, and ...
HSBC says growing Chinese wealth fuels client investments in US
"For most Asian investors, the first port of call is the U.S." The bank's focus on wealth comes at a time of simmering U.S.-China tensions. Dealmaking in Asia remains subdued, prompting some American ...
Hong Kong spot crypto ETFs to start trading next week
Hong Kong-listed spot bitcoin and ether exchange traded funds aim to start trading by the end of April, three companies that provide the products said in separate statements on Wednesday. The products ...
Google-Backed AI Firm Is Hong Kong’s Latest Stock Debut Flop
Mobvoi Inc., a Chinese artificial intelligence developer backed by Alphabet Inc.’s Google, dropped as much as 22% in its first day of trading in Hong Kong, marking the third stock debut to flop in the city this week.
Google-backed Chinese AI company Mobvoi sees stock tumble in Hong Kong IPO – report
Chinese AI company Mobvoi fell up to 22% on its IPO in Hong Kong on Wednesday, marking the third stock to tumble on debut in the city this week, Bloomberg News reported. Beijing-based Mobvoi, which is ...