Hang Seng Bank, the 85-year-old Hong Kong lender owned by HSBC, said it will allow existing customers with good credit histories to apply for personal loans, as it uses big data analysis and financial technology to replace old-fashioned banking practises. ( read original story ...)
Hong Kong, Macau pivotal players in massive criminal racket using Canadian casinos, ‘dirty money’ report claims
Hong Kong and Macau have been identified as “pivotal” players in an international criminal racket which has seen massive amounts of drug money and other illicit funds laundered through casinos in Canada, exacerbating the country’s opioid overdose ... ( read original story ...)
BOC Hong Kong : Statement on Fraudulent Websites
BOC Hong Kong (Holdings) Limited, BOCHK's holding company, is one of the largest listed companies on the main board of the Stock Exchange of Hong Kong, with stock code "2388" and ADR OTC Symbol "BHKLY". ( read original story ...)
Singapore and Hong Kong startups to be linked through fintech deal
They will be engaged in a shared network and mentorship programmes. Startups in Singapore and Hong Kong will be connected through the partnership of Lattice80 and SuperCharger. The deal will let fintech startups to engage in a shared network for expansion ... ( read original story ...)
A Hong Kong soccer star’s indiscretions and a World Cup widow’s rage: headlines from four decades ago
Hong Kong soccer star Eddie Loyden had his contract terminated after he was accused of having too many “late-night love activities”. The Caroline Hill striker fell foul of team boss Veronica Chiu when she made a late-night visit to his flat and found ... ( read original story ...)
Andreessen Horowitz is in talks to invest in virtual reality startup Sandbox VR
Andreessen Horowitz is in talks to invest in the startup, according to multiple sources familiar with the matter. The firm's general partner Andrew Chen may be spearheading the round. Sandbox VR, a Hong Kong-based virtual reality startup that licenses its ... ( read original story ...)
Hong Kong Billionaire Richard Li Weighs Insurance IPO
Hong Kong billionaire Richard Li is laying the groundwork for a potential initial public offering of his insurance company FWD Group after five years of building the business through acquisitions, people familiar with the matter said. FWD, which is backed ... ( read original story ...)
With unicorns in the pipeline, Hong Kong IPO markets will be ‘different’ in second half of 2018: EY
Hong Kong topped global rankings in terms of initial public offering volumes in the first half of 2018 and highly anticipated technology listings that are in the works in the six months ahead are expected to give markets an additional boost. The Chinese ... ( read original story ...)
Hong Kong shooting: suspect asked bodyguard association where she could buy bulletproof vest for use in mainland China
The woman suspected of gunning down four relatives in a Hong Kong park on Tuesday made an “unusual request” about buying a bulletproof vest, the head of the International Bodyguard Association revealed on Thursday, while also refuting claims she had ... ( read original story ...)
Spooked no more? Hong Kong’s ‘haunted apartment’ prices levitate with white-hot market
HONG KONG (Reuters) - Ng Goon-lau pointed at a window inside a dark, tiny bedroom. The window was small and easily sealed, Ng explained, a perfect place for carbon monoxide poisoning. A man once burned charcoal to kill himself there. Another tenant ... ( read original story ...)
Nirav Modi firms availed loans from PNB’s Hong Kong, Dubai branches too: Report
NEW DELHI: Nirav Modi group's exposure was not limited to only Punjab National Bank's (PNB) Brady House branch in Mumbai, as the firms had availed loan facility from its Hong Kong and Dubai branches too, according to an internal report of the bank ... ( read original story ...)
Hong Kong Securities Regulator Promises to Keep ‘Close Watch’ on Crypto Sector
Hong Kong securities regulator says they will be “keeping a close watch” on the crypto sector in their annual report released today. The SFC notes that since new technologies “come with risks,” they will be looking closely at crypto and ICOs and ... ( read original story ...)
Hong Kong buyers’ interest in Japanese property hit as Japan tightens home-share rules
Japan’s stiffer home-sharing controls have dampened Japanese home sales among Hong Kong buyers who are increasingly investing in the country’s properties to operate shared lodging services. The new rules have also forced the world’s largest home ... ( read original story ...)
Hong Kong shooting: one killed, three wounded as female bodyguard allegedly guns down relatives in inheritance feud
A row over inheritance turned deadly on Tuesday afternoon when a 44-year-old female bodyguard allegedly shot dead an elderly aunt and wounded three other relatives during a family meeting in a Hong Kong park. Two of those injured were in critical condition ... ( read original story ...)