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 ...)

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 ...)

Hong Kong Halts Stock's 543% Debut in Volatile Equity Market

The regulator will likely speak to the IPO sponsors and interview significant buyers of GME stock and look into their background and source of funds, Neoh added. Run-ups such as GME’s highlight quirks in Hong Kong’s market for small-caps, where wild ... ( read original story ...)

Ex-Hong Kong leader jailed in fall from 'such a height'

HONG KONG Former Hong Kong leader Donald Tsang was jailed for 20 months on Wednesday for misconduct in public office, making him the most senior city official to serve time behind bars in a ruling some said reaffirmed the financial hub's vaunted rule of law. ( read original story ...)

IPO's 543% Surge Halted by Hong Kong Regulators on Its Debut

More than 20 million shares changed hands in morning session City’s second exchange under scrutiny over manipulation fears Hong Kong’s securities regulator suspended trading in a company’s stock after it rose 543 percent on its public market debut. ( read original story ...)