Confidence in growth among small businesses in Hong Kong for 2019 is at a five-year low ... with 52 per cent of respondents saying the conflict will have a negative impact on their business this year. ... ( read original story ...)
Hong Kong’s Ripe for the Virtual Banking Wave
On that score, the initial news isn’t good for the BOC Hong Kong and StanChart ventures. The virtual operators won’t be able to access the banks’ customer bases without prior consent from clients, ... ( read original story ...)
Hongkong Land : Hoa Lam Proudly Announce the Marq-Vietnam’s Ultimate Luxury Residential Destination, Located in the Heart of Bustling District 1
"With The Marq, we aim to continue redefining the real estate market in Vietnam", said Mr. Robert Wong, Chief Executive of Hongkong Land. "This project represents a 'mark of excellence', a property ... ( read original story ...)
Property giant China Vanke aims to raise US$1 billion in new shares sale as it prepares ‘to survive’ housing market slump
said it will place 263 million new shares on the Hong Kong stock exchange at a price of HK$29.68 apiece to raise HK$7.8 billion in capital. The announcement on Thursday came as the mainland’s ... ( read original story ...)
Hong Kong defends dollar peg again in $500m intervention
The Hong Kong dollar is managed in a narrow band of HK$7.75 to HK$7.85 to the US dollar. Its peg to the greenback, established in 1983, is considered the bedrock of the territory’s financial stability ... ( read original story ...)
Week In Review: Tianjin CanSino Staging $160.5 Million Hong Kong IPO
CanSino is the seventh China biopharma, and the first vaccine company, to IPO in Hong Kong under its pre-revenue ... Greater China Healthcare practice at McKinsey & Company. The Cambrian Explosion ... ( read original story ...)
5 Key Elements of Chinese Biopharma’s ‘Cambrian Explosion’
I’m a Senior Partner with McKinsey & Company, based in China, Shanghai and now Hong Kong, since 2005. I lead our Healthcare Practice in Greater China and serve clients across Asia. Please reach out to ... ( read original story ...)
Race is on for Southeast Asia ‘super app’ amid internet economy growth expectations
"It's a race to be a super app in ASEAN," Varun Mittal, global emerging markets Fintech leader at consultancy EY, said during a panel discussion at the Credit Suisse Asian Investment Conference in ... ( read original story ...)
This Hong Kong Startup Uses Technology To Change Everyday Grocery Shopping
Despite being one of the financial capitals of the world, Hong Kong has traditionally lagged when it comes to cultivating game-changing startups. Among the list of reasons for this includes the high ... ( read original story ...)
HSBC downgrades stocks in Singapore and Hong Kong
HSBC said it lowered its stance on Singapore stocks to "neutral" from "overweight," and downgraded Hong Kong equities from "neutral" to "underweight." The bank kept its "overweight" stance on China, ... ( read original story ...)
Standard Chartered, PCCW, HKT, Ctrip Finance join forces to build HK virtual bank
Standard Chartered Bank, PCCW, HKT, and Ctrip Finance have established a strategic joint venture to deliver a new standalone digital retail bank in Hong Kong. The joint venture will be conducted under ... ( read original story ...)
HK heralds online banking era with StanChart JV, two others as new entrants
* BOC Hong Kong and ZhongAn-led JVs also win licences * HKMA says virtual banks will promote financial inclusion * Five more licences will be issued soon, says HKMA (Adds interview with ZhongAn ... ( read original story ...)
StanChart JV, two others win Hong Kong online banking licence
HONG KONG (Reuters) - Hong Kong has issued online-only banking licences to three groups, including joint ventures (JVs) of Standard Chartered and BOC Hong Kong, in what could be the biggest shake ... ( read original story ...)
Will Traditional Banks Survive Hong Kong’s Digital Banking Move?
Fintech companies have won the battle of attaining license as the Hong Kong Monetary Authority has granted license to three virtual banks in the country. The move aims to disrupt the traditional ... ( read original story ...)