South Korea was a standout though foreign investors sold today as the nearly $8 billion Stock Market Stabilization Fund is expected to launch this week as part of South Korea’s ongoing stimulus ... ( read original story ...)
Hong Kong Dividend Traders Had Already Priced In HSBC’s Big Cut
Payments to shareholders by Hong Kong companies will be better than elsewhere, dividend futures show, even if one of the city’s biggest stocks won’t be handing out cash this year. ( read original story ...)
HSBC dividend cut stirs outrage among HK shareholders
The HSBC Holdings headquarters building in the central district of Hong Kong. HSBC’s decision to scrap dividends has created an uproar among retail investors in Hong Kong who have banded together to ... ( read original story ...)
Hong Kong will welcome HSBC, Standard Chartered if they moved headquarters to city, minister says
Regulations and business opportunities in Hong Kong are very good, Secretary for Financial Services and the Treasury James Lau says No plans to change 2016 decision on domicile: HSBC HSBC and Standard ... ( read original story ...)
Rebel HSBC shareholders win support from Hong Kong’s largest labour union in fight to reinstate dividends
Rebel HSBC shareholders in Hong Kong won reinforcements on Wednesday from Hong Kong’s largest labour union who called on the government to safeguard the interests of local investors. The ranks of ... ( read original story ...)
HSBC announces COVID-19 charity projects in Middle East
This regional news follows HSBC Group’s recent announcement of a $25m COVID-19 charitable fund to support the international medical response, protect vulnerable people and ensure food security. At ... ( read original story ...)
Coronavirus: Hong Kong’s deficit could balloon beyond HK$276.6 billion, with economy shrinking more than expected, finance chief warns
Paul Chan says authorities are working to help employers and prevent as many SMEs as possible from folding He doubles down on decision to tap into reserves, while urging banks to be considerate on ... ( read original story ...)
Hong Kong’s First Virtual Bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting
ZA Bank, the first virtual bank in Hong Kong, has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting as its regulatory reporting software. OneSumX for Regulatory Reporting combines bank data ... ( read original story ...)
HK$310 million Japanese bank swindle biggest of year so far for Hong Kong police’s online crime specialists
The US branch of a Japanese bank has been tricked into transferring HK$310 million (US$40 million) into five Hong Kong bank accounts – one of the city’s biggest email scams of the year. A force ... ( read original story ...)
Hong Kong is ‘highly resilient’ as it fights to save the economy in the pandemic, commerce secretary says
Hong Kong is fighting a "twin battle" of the coronavirus pandemic as well as saving its battered economy, but its recovery will be determined by when the world gets back on its feet, says the city's ... ( read original story ...)
China bank balance sheets put to test by coronavirus impact
The current sharp economic downturn triggered by the coronavirus pandemic is the worst since China's largest banks adopted new accounting standards in 2018 -- in the case of banks listed in Hong Kong ... ( read original story ...)
Hong Kong democrats reject Beijing’s warning over legislative stalling tactics as ‘interference’
Beijing has warned that Hong Kong’s pro-democracy lawmakers who use “malicious filibustering” to paralyse the legislature could be in violation of their oaths and guilty of misconduct in public office ... ( read original story ...)
Start-up Express 2020: A Journey To Success For HK Start-ups
Building connections, markets, partnerships and brand awarenessHONG KONG, Apr 6, 2020 - () - Start-up Express, a development programme launched by the Hong Kong ... ( read original story ...)
Hong Kong residents to get cash handouts around July, says commerce secretary
Hong Kong residents can expect to get their cash handouts around July this year as part of the government's "largest, unprecedented, single injection" into the economy amid the coronavirus pandemic, ... ( read original story ...)