to HK$341.60 and China Construction Bank (0939) was down 1.66 percent to HK$6.51. Insurer AIA (1299) lost 1.17 percent to HK$59.20. China Resources Land (... Stocks in Hong Kong and China tumbled today. The benchmark Hang Seng Index shed 380.19 points ... ( read original story ...)
Hong Kong initial coin offering case studies: 330 Cubits and Gatcoin
“The challenge we have is a chicken and egg one,” said Johnson Leung, co-founder of 300 Cubits, a company in the midst of launching an ICO in Hong Kong, and hoping to revolutionise ... further development of the business. As well as raising capital ... ( read original story ...)
Hong Kong fast developing as a cryptocurrency centre
“The co-founders all have experience doing business in Asia, and we felt Hong Kong was the right place for us. The market is fast developing and we wanted to get in early and try to shape it.” An ICO is a means by which companies developing projects ... ( read original story ...)
ZhongAn jumps in Hong Kong debut after $1.5bn IPO
HONG KONG (Nikkei Markets) -- ZhongAn Online P&C Insurance jumped as much as 18% on its stock exchange debut on Thursday, as investors bet on the prospects of China's largest online insurer backed by marquee investors including billionaire Jack Ma. ( read original story ...)
HSBC : Fed says fined HSBC $175 million for ‘unsafe’ forex trades
02:36p HSBC: Publication of base prospectus supplement - Announcement made to the HK s.. 02:26p HSBC: Publication of base prospectus supplement (1-page PDF 65KB) 01:31p HSBC: Retirement of Chairman – overseas regulatory announcement (1-page P.. ( read original story ...)
HSBC : Publication of base prospectus supplement – Announcement made to the HK stock exchange (2-page PDF 152KB)
The following base prospectus supplement has been approved by the UK Listing Authority and is available for viewing: Base Prospectus Supplement dated 28 September 2017 to the Base Prospectus dated 14 March 2017 for the Debt Issuance Programme of HSBC ... ( read original story ...)
LIVE BLOG: Fed Fines HSBC $175 Million in Forex Fallout
Hong Kong's Hang Seng and the Shanghai Composite both closed trading ... The Federal Reserve handed down a $175 million fine to HSBC Holdings PLC (HSBC) for "unsafe and unsound practices" in its foreign exchange trading business. HSBC was fined for failing ... ( read original story ...)
In Hong Kong, political banners reveal gulf with mainland
HONG KONG – The banners and posters were quietly hung in universities across Hong Kong, often appearing overnight, with bold white lettering calling out for change and testing the limits of the freedoms that Beijing will allow this freewheeling city. ( read original story ...)
Ardmore’s downtown disrupter: PucciManuli’s owner has a vision
Her career highlight was spending nearly a month in Asia covering the booming gaming industry there in 2009, where she crossed the South China Sea from Hong Kong to Macau on a ferry ... a partner at McKinsey & Co. and a former Wharton professor, was ... ( read original story ...)
Is an analyst worth US$75,000 or US$1m? How China decides
That compares with a 12 per cent drop in research jobs at global investment banks tracked by McKinsey & Co from 2011 through June ... change in careers and compensation,” said May Zhao, a Hong Kong-based analyst at Zhongtai Financial International ... ( read original story ...)
Growth in Chinese clients buying insurance in Hong Kong boosts FTLife’s business
The steady growth of mainland Chinese clients who come to Hong Kong to buy insurance products has boosted the business of FTLife Insurance, according to the company’s Asia CEO, Lennard Yong. The company, one of Hong Kong’s largest life insurers ... ( read original story ...)
Hong Kong’s financial institutions need skilled workers to improve risk management
While large financial institutions have made progress applying smart technologies like cloud, biometrics, and big data analytics to their risk management functions, 66 per cent of executives say skills deficiencies are impeding the effectiveness of the ... ( read original story ...)
InvesTech : CHANGE OF COMPANY SECRETARY, AUTHORISED REPRESENTATIVE, SERVICE AGENT AND PRINCIPAL PLACE OF BUSINESS IN HONG KONG
(Stock Code: 1087) CHANGE OF COMPANY SECRETARY, AUTHORISED REPRESENTATIVE, SERVICE AGENT AND PRINCIPAL PLACE OF BUSINESS IN HONG KONG CHANGE OF COMPANY SECRETARY, AUTHORISED REPRESENTATIVE AND SERVICE AGENT The board of directors (the "Board") of InvesTech ... ( read original story ...)
Hong Kong regulator’s no phoney for banking plans
The Hong Kong Monetary Authority (HKMA) has unveiled a number of initiatives as it looks to improve the region’s use of payments, APIs and innovation. In a speech delivered during the Annual Banking Conference of the Hong Kong Institute of Bankers ... ( read original story ...)