His departure comes just ahead of Nicholas Kwan, formerly an associate director in HSBC's Asia Pacific leveraged finance team, joining BAML's leveraged finance unit next month. ... Please take a trial or subscribe to access this content. Contact our ... ( read original story ...)
Secret move that paid off
Moving HSBC's base from Hong Kong was a highly sensitive matter, hence it was directly handled in strict confidence by the top manager at accounting firm KPMG, assisted only by two confidantes and a secretary. Preparations were made under extreme secrecy ... ( read original story ...)
Walkie Talkie skyscraper bought by Hong Kong firm for record £1.3bn
The previous record-breaking transaction for a single piece of British commercial property was the HSBC tower in Canary Wharf which was ... including those from Hong Kong and China, who have piled in after Britain's vote to leave the European Union ... ( read original story ...)
Only One Foreign Startup Emerged As A Finalist In A Hong Kong Tech Competition—And It’s M’sian!
She Loves Tech is a global initiative that is all about showcasing the relationship between tech trends, entrepreneurship, innovation and the opportunities created for women. Running an annual global startup competition and international conference series ... ( read original story ...)
China bike-sharing firm Ofo in talks to raise $1 billion, led by SoftBank – sources
HONG KONG (Reuters) - Chinese startup Ofo is in talks to raise $1 billion in a new funding round led by Japan's SoftBank Group, people familiar with the matter said, in what would be the largest fund-raising in the nation's bike-sharing business. ( read original story ...)
Brexit & Beyond: Germany and Turkey Gird for Showdown, Libor Phase-Out, Iconic London Building Sold to Hong Kong Investor
Brexit & Beyond: Europe in Flux is The Wall Street Journal’s round-up of news and analysis of how Brexit will affect global business, economies and finance. You can sign up here. MUST READS German Chancellor Angela Merkel with the President of Turkey ... ( read original story ...)
Some of Hong Kong’s famous dried seafood vendors face uncertain future under HK$1.3 billion redevelopment plan
Located on the northwestern tip of Hong Kong Island, the 12,000 sq ft site is occupied by a group of low-rise buildings built between 1959 and 1978 near Des Voeux Road West – also known as “dried seafood street”. Adjacent to the site, a small public ... ( read original story ...)
Enthusiastic youngsters queue up for Hong Kong Ani-Com and Games fair
Dozens of young people queued up for the annual Ani-Com and Games Hong Kong show on Thursday night to gain early entry to the five-day event, which starts on Friday. Among attractions are exhibits showing Hong Kong landmarks built with Lego bricks and what ... ( read original story ...)
Indian Banking Splinters
When Moody's Investors Service polled market participants in Hong Kong recently, 70 percent picked India's banking ... selling assets below book value will need fresh capital from the government Source: McKinsey & Co. India's banking industry is splitting ... ( read original story ...)
‘Give the children a place in our hearts’
Yip joined global management consultancy McKinsey and Company in 2004 and was with the group ... prior to joining SmarTone, she was head of Hong Kong and Macao, MasterCard Asia Pacific operations. For those aspiring for the top, Yip says "climbing the ... ( read original story ...)
Hong Kong’s oyster sauce king buys London’s ‘Walkie Talkie’ tower for record £1.3 billion
Lee Kum Kee Group, the Hong Kong company best known for its oyster sauce condiment, has bought a London office tower for a record £1.3 billion (US$1.7 billion), landing the biggest commercial property deal in the United Kingdom. Lee’s property ... ( read original story ...)
Hong Kong kicks off fintech career accelerator scheme
Also in 2016, Banking Technology was invited to a tour of Hong Kong, given to the international media by the Government of the Hong Kong Special Administrative Region. That visit showed off some impressive infrastructure, talent and start-ups. ( read original story ...)
Walkie Talkie building sold to Hong Kong company in record £1.28bn deal
London’s landmark Walkie Talkie building has been sold to Hong Kong giant Lee Kum Kee in the UK’s biggest ... and in the City’s reputation as the global place to do business," he said. "Since the vote to leave the EU, capital targeting London ... ( read original story ...)
Hong Kong’s second-half growth will slow further as consumption slumps: Citibank
Consumption in Hong Kong will be sluggish in the second-half on the back of slower economic growth, compared with the first half, according to Citibank’s forecast. Even as mainland tourist arrivals increased, it would not boost tourist-related goods ... ( read original story ...)