Ashurst has boosted two banking and finance partners in Hong Kong: Eric Tan, who joins from Chinese firm Fangda Partners, and Daniel Lau, hired from Allen & Overy's Beijing office. Tan specialises in acquisition finance, cross-border lending, structured ... ( read original story ...)
Hong Kong, China stocks succumb to global market rout
SHANGHAI/HONG KONG (Reuters) - Hong Kong and China stocks tumbled on Tuesday as a global market rout intensified, fueled by worries that a build in inflationary pressures will prompt major central banks to raise interest rates faster than expected. ( read original story ...)
Hong Kong market slammed for 1,000-plus point loss at the open, after US meltdown
Hong Kong stocks plunged by ... to 31,184.52 and the Hang Seng China Enterprises Index lost 3.64 per cent, or 490.53 points, to 12,989.30. All industries were down. In financials, China Construction Bank lost 4.44 per cent to HK$8.61, ICBC fell 4.03 ... ( read original story ...)
China and Hong Kong shares slide in global sell-off
Hong Kong's Hang Seng Index was down 4.94 percent at 30,651.31 at its midday ... chief strategist at China's Bank of Communications. Hong recommended watching for dangers rather than potential gains in the near-term, although bonds — particularly ... ( read original story ...)
New financing platform energizes Hong Kong startup scene
Can you imagine what Hong Kong will look like 10 or 20 years from now? By that time, can we still rely on the four major industries currently accounting for nearly 60 percent of GDP – trading and logistics, tourism, financial services, and professional ... ( read original story ...)
Telco regulator confirms Hong Kong mobile numbers will soon start with ‘unlucky’ digit 4
Hong Kong’s mobile phone operators will soon begin issuing numbers starting with the “unlucky” digit 4 and the “lucky” digit 8, although they are so far keeping mum about how they will market these numbers to consumers who are both superstitious ... ( read original story ...)
Shops at new Hong Kong border mall will have rent waived after ‘unsatisfactory’ opening weekend
On the need for the rent waiver, Wong said: “If we can attract more tenants, it is good for the retailers there and also good for Hong Kong.” The original rents were about HK$67 a square foot to HK$107 a square foot. Preferential rents had already been ... ( read original story ...)
Hong Kong’s Nobel nominees should aim for the bigger prize: democracy, not ‘self-determination’ from China
The nomination of three Hong Kong activists for the Nobel Peace Prize by a group of US congressmen has put the cat among the pigeons. The trio – Joshua Wong Chi-fung, Nathan Law and Alex Chow – in the news for having served time in jail for the ... ( read original story ...)
Morgan Stanley highlights the new hot area in Hong Kong banking
Do you work for a global bank in Hong Kong? The future of your job is increasingly being decided not by your firm’s head office in the US or Europe…but by the Chinese government. And as a result, the future is not necessarily that bright if you want to ... ( read original story ...)
Millennial leaving ‘boring’ banking world for crypto industry
But he longed to go back, so the following year he applied to 12 banks in Hong Kong for a summer internship, landing one at Deutsche Bank. He was thrown into the fray as the global bull market crested in the summer of 2007. “It was a blast,” Hayes says. ( read original story ...)
Hong Kong banks nearly double profits growth in 2017
Overall, the HKMA said Hong Kong's banking sector had performed well, with their net interest margin, an important indicator in a bank's profitability, reaching 1.45% last year. Hong Kong banks will report their individual 2017 results in late February and ... ( read original story ...)
US prosecutors demand ex-Hong Kong minister Patrick Ho be denied bail
While claims of Ho’s case being of a political character would be “frivolous”, the prosecutors cited a few columns and news reports in Hong Kong and mainland media that speculated about the motive behind the prosecution. They said the US government ... ( read original story ...)
Tesla Threatens To Pull Out Of Hong Kong Over EV Incentives
Tesla is considering curbing its presence in Hong Kong if the city’s authorities don’t start offering EV buyers more incentives, a source close to the company told South China Morning Post. Last year, the daily notes, Hong Kong’s chief executive ... ( read original story ...)
Former Hong Kong home secretary Patrick Ho denied bail in US bribery case, labelled flight risk
Former Hong Kong senior official Patrick Ho Chi-ping, detained in the US on bribery charges, was denied bail after a New York judge ruled that he presented a flight risk. The decision by US federal district judge Katherine Forrest followed an objection by ... ( read original story ...)