The Hang Seng index climbed 79 points ... The recent rally of Hong Kong shares tracked gains on global markets including Wall Street's main indexes. Rand firms slightly ahead of Reserve Bank announcement The rand was marginally stronger against major ... ( read original story ...)
From mortgages to NAFTA, the Bank of Canada shows it has real political clout: Don Pittis
he was principal business reporter for Radio Television Hong Kong before the handover to China. He has produced and reported for the CBC in Saskatchewan and Toronto and the BBC in London. He is currently senior producer at CBC's business unit. Bank of ... ( read original story ...)
With an eye on global technology IPOs, Hong Kong kicks off its biggest auditor reform in decade
with the aim of positioning Hong Kong as a hub for technology initial public offerings. Under the Financial Reporting Council (Amendment) Bill 2018, which the government gazetted on Friday and is to be presented before lawmakers on Wednesday, the Financial ... ( read original story ...)
Web of lawsuits involving Hong Kong finance firm Convoy to be heard in court together in March
Three separate legal cases involving troubled financial firm Convoy Global Holdings will be heard together on March 6, a Hong Kong High Court judge ruled on Friday. Mr Justice Jonathan Harris ruled that a case brought by a small shareholder, Zhu Xiaoyan ... ( read original story ...)
Hong Kong plans independent oversight of listed company auditors
Hong Kong’s government has announced a bill to boost oversight of auditors of listed companies after a string of incidents last year in which some saw their share prices fall as much as 94 per cent in a single day. Secretary for financial services James ... ( read original story ...)
HR job moves from LinkedIn, Swire Beverages, China CITIC Bank International and more
China CITIC Bank International strengthens HR team Vinci Yau was appointed ... She started her career in human resources in 2009 with Hay Group in India. Promotion at The Hongkong and Shanghai Hotels Celia Cheung was promoted from manager, HRIS to ... ( read original story ...)
Hong Kong’s Red-Hot Home Market Set to Defy Rate Hikes
Financial Secretary Paul Chan warned last year of a “dangerous situation” in property. Yet, many factors suggest that, despite Hong Kong’s link to U.S. monetary policy via a pegged exchange rate, rising rates alone won’t kill off the property boom ... ( read original story ...)
Hong Kong stocks reach new peak, China index aided by Q4 growth
The top gainer on Hang Seng was Industrial and Commercial Bank of China Ltd up 3.6 per cent. Hong Kong stocks rose to a fresh peak on Thursday, led by telecommunications and financial firms. The China Enterprises index HSCE, which tracks major Chinese firm ... ( read original story ...)
Discover Increases Acceptance in Hong Kong
Discover Global Network, the payments brand of Discover Financial Services, will expand card acceptance at key merchants in Hong Kong by working with First Data and JCB International, the international operations subsidiary of JCB Co., Ltd. (referred to ... ( read original story ...)
HSBC loses a senior Asia head to a Chinese financial giant in Hong Kong
A regional department head at HSBC in Hong Kong has just joined a Chinese financial giant in an even more senior role. https://news.efinancialcareers.com/sg-en/305691/chinese-vs-western-banks/ One of the most senior risk managers in Hong Kong financial ... ( read original story ...)
Hong Kong a ‘super connector’ between mainland and world: financial experts
Hong Kong has been coined a “super connector” between the mainland and the world owing to its geological advantages and significant strategic positioning, Chinanews.com reported Tuesday at the 2018 Asian Financial Forum (AFF) in Hong Kong. Hong Kong ... ( read original story ...)
Hong Kong needs more financial innovation to effectively tap Greater Bay Area opportunities
Doing so would help the sector maintain its competitive edge in the area that covers Hong Kong, Macau and nine Guangdong cities in the Pearl River Delta, Ginger Cheng, the China head of large and mid-cap corporates at Singapore’s DBS Bank told the Asian ... ( read original story ...)
Fintech giant Finastra launches centre of excellence with focus on banking at Hong Kong’s Cyberport
Financial technology giant Finastra launched a “centre of excellence” focusing on the future of banking in Hong Kong’s Cyberport on Tuesday. Robert Smith, the chief executive of Finastra’s parent, private equity fund Vista, said the new centre ... ( read original story ...)
Hong Kong stocks advance to record close on optimism city will return to IPO glory in 2018
Hong Kong’s benchmark stock index rose 1.8 per cent to close at a historical high, on optimism the city’s stock exchange will see a flurry of initial public offerings from June that will help it regain its crown as the world’s favourite destination ... ( read original story ...)