President Xi Jinping on Wednesday set the course for Hong Kong and Macau’s governance, calling for the melding of Beijing’s authority, or “comprehensive jurisdiction”, over the two cities with their “high degree of autonomy” in a natural or ... ( read original story ...)
UK politician urges Hong Kong authorities to probe HSBC, StanChart over ‘illicit funds’ linked to South Africa corruption scandal
A British parliamentarian has urged Hong Kong’s financial authorities to investigate his claims that banks in the city were used to process allegedly illicit funds linked to South Africa’s President, Jacob Zuma and the powerful Gupta family of businessmen. ( read original story ...)
Why rich Asian clans are pouring money into tech startups
In Hong Kong, 35-year-old Matthew Tai has been shifting part of his family's fortune, built by his father and uncles in real estate, into a string of digital startups. Tai says he's invested in crowd-funding platform FundHive, a producer of ultra-thin LCD ... ( read original story ...)
Review: Hong Kong Airlines’ Airbus A350 business class seat
Receive 75,000 bonus Qantas Points when you spend $2,500 on eligible purchases In the first 3 months. Plus, earn 75 Qantas Status Credits if you buy a new return flight & travel before February 28, 2018. Save $425 with no annual fee for the first year. ( read original story ...)
Hong Kong-listed company director, bank manager latest victims of separate phone scams
The director of a Hong Kong-listed company and a bank manager from mainland China became the latest victims of phone scams in two separate cases earlier this week after losing more than HK$2.5 million to con artists posing as officers. At about 4pm on ... ( read original story ...)
Seven hiring horror stories from Hong Kong, Singapore and Sydney
What’s going wrong in banking recruitment right now? We spoke to recruiters in Singapore, Hong Kong and Australia to find out. There’s currently a surplus of senior investment bankers in Asia after several global banks have shed front-office staff over ... ( read original story ...)
HK’s Mason Group to buy European private banking firm for $60 mln
HONG KONG, Oct 19 (Reuters) - Financial services group Mason Group Holdings Ltd said on Thursday it would buy a Liechtenstein-incorporated private banking services provider for 58.6 million Swiss Franc ($59.73 million), as it expands into the European ... ( read original story ...)
Regulator to set benchmark for companies to issue green bonds in Hong Kong
Hong Kong’s monetary authority is working with the government to issue green bonds in the city in the next financial year, setting a benchmark for companies to issue debt to fund environment-related projects. The move is part of the plan outlined last ... ( read original story ...)
BOC Hong Kong : Bank of China (Hong Kong) launches Centenary Commemorative Banknote Charity Sets
Bank of China (Hong Kong) Limited ("BOCHK") today announces that the Bank of China (Hong Kong) Centenary Commemorative Banknote Charity Sets (the "Commemorative Banknote Charity Sets") will be open for public bidding from 20 October to 8 November 2017. ( read original story ...)
Bank of East Asia : Fraudulent Website Notification
Fraudulent Website Notification Hong Kong, 19th October, 2017 - The Bank of East Asia, Limited ("BEA" or the "Bank") would like to alert all customers and the general public that the Bank has no affiliation whatsoever with the website https://eastasia-bank ... ( read original story ...)
HK plunge a Black Monday reminder
Geely Automobile Holdings (0175), which has more than tripled this year, plunged 7.5 percent, while Hong Kong developers declined after three-month bank borrowing costs climbed the most this year. Telecoms equipment maker ZTE Corporation (0763) sank 11 ... ( read original story ...)
Fintech bank to domicile in SAR
Fintech bank ITF Corporation is to set up its headquarters in Hong Kong and expects to start operations next year. US veteran investor Jim Rogers is among the investors in the world's first Fintech bank. Rogers said at the launch event that he invested in ... ( read original story ...)
Hong Kong businesses and students struggling to access mainland market, poll finds
More than half of Hongkongers working in major mainland cities are frustrated with insufficient support from Hong Kong government offices stationed there, a cross-border survey has found. The report, claimed by pollsters to be the biggest of its kind ... ( read original story ...)
Hong Kong enforces new rules to better manage city’s funds, stockbrokers and financial firms
A new rule aimed at ensuring brokers, fund houses and financial advisers in Hong Kong are being run by qualified, experienced managers came into force on Tuesday. The “manager in charge” regulation requires such companies to hire staff approved and ... ( read original story ...)