Malcolm X said: “If you’re not careful, the newspapers will have you hating the people who are being oppressed, and loving the people who are doing the oppressing.” In Hong Kong’s case, different people, similar problem. Of the 70 members of Hong ... ( read original story ...)
Review: Cathay Pacific's Renovated The Pier Business Class Lounge, Hong Kong
Cathay Pacific's renovated The Pier Business Class Lounge is located in Terminal 1, by Gate 65. It's about a 15-20 minute walk from security or from The Wing Business Class Lounge. The lounge is open daily from 5:30am to 00:30, and the following passengers ... ( read original story ...)
Glavin: The fight for democracy in Hong Kong — and how Canada can help
Hong Kong’s all-powerful chief executive, meanwhile, is appointed by Beijing from candidates put forward by a 1,200-member election committee drawn mainly from big business and the Chinese government. A survey undertaken by the Chinese University of Hong ... ( read original story ...)
Hong Kong: Why there is chaos in parliament
From swearing to throwing luncheon meat, unprecedented scenes have been playing out in Hong Kong's lawmaking body - the Legislative Council. On Wednesday, dozens of lawmakers staged a walk-out ahead of a second attempt to swear in newly elected pro ... ( read original story ...)
Hong Kong Banks Looking to Launch Mortgage Products Built on the Blockchain
The Bank of China and HSBC and other banks are seeking to launch the introduction of the use of the Blockchain for mortgage services in Hong Kong, according to reports in the Financial Times. So far, Bank of China (Hong Kong) has led tests on a ... ( read original story ...)
Fight Till Last Man Standing At Bank Of East Asia
Bank of East Asia is at the centre of a proxy fight between unlikely partners: Elliott Associates, the Hong Kong based Li family, Sumitomo and Caixabank from Barcelona. Even if BEA falls on the midterm dragged by the Chinese situation, mild economic data ... ( read original story ...)
Hong Kong a free economy? Don’t make me laugh
This cult of amateurism cost Hong Kong’s economy grievously. Cowperthwaite knew nothing about banking – he could not read a bank’s balance sheet – and he wasn’t prepared to learn. He allowed the city’s proliferation of locally-owned banks to ... ( read original story ...)
HSBC, Grey Group Hong Kong partner for ‘See Beyond, Grow Beyond’ Series
According to the recently-concluded ‘Digital for Business Market Study’,74 percent of businesses in Hong Kong have “no framework in place to invest in a sound digital strategy.” HSBC Commercial Banking aims to connect businesses with insights ... ( read original story ...)
Redundant Hong Kong bankers ponder “risky move” of joining Citic
Is joining Citic the career panacea it appears to be if you’ve just lost your investment banking job in Hong Kong? It would appear to be fortuitous timing for investment bankers in Hong Kong who’ve just been axed by Goldman Sachs or Bank of America ... ( read original story ...)
The Hong Kong Code Of Banking Practice And The Competition Ordinance: An Ongoing Dilemma For Banks.
In our July article (view here), we noted that six months after the coming into force of the Hong Kong Competition Ordinance (“HKCO”), the Hong Kong Competition Commission (“HKCC”) is still in close dialogue with many Hong Kong trade associations. ( read original story ...)
Laid-off expat bankers can’t afford to stay in Hong Kong for long
While Goldman Sachs and Bank of America have cut jobs in Hong Kong only recently, layoffs have been taking place throughout the year at other firms. Barclays, for example, culled equities roles back in January. Some foreign banking professionals have ... ( read original story ...)
Hong Kong homes becoming more affordable than China, BofA says
[HONG KONG] Chinese buyers are stepping up home purchases in Hong Kong, where prices are becoming "relatively more affordable" compared with some major mainland cities, according to Bank of America Merrill Lynch. Interest from mainland buyers, amid a surge ... ( read original story ...)
Hong Kong: An Emerging FinTech Destination
Hong Kong has evolved into a global finance hub with the presence of 70 banking conglomerates. As one of the traditional big financial capitals in the world, Hong Kong provides an opportunity for financial technology to gain traction in the local market. ( read original story ...)
Barclays private bankers moving to StanChart in Hong Kong
More than 10 Barclays relationship managers in Hong Kong are joining Standard Chartered ahead of the transfer of the business to Oversea-Chinese Banking Corp. Barclays agreed in April to sell its private-banking operations in Hong Kong and Singapore to ... ( read original story ...)