[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 ...)
Moody’s Says Hong Kong Property Rebound Adds to Banking Risks
Hong Kong’s property market rebound creates potential risks for the mortgage books of the city’s banks, according to Moody’s Investors Service. “Banks will face even higher latent risks in future mortgage underwriting, as their valuations catch up ... ( read original story ...)
Hong Kong shares rebound, helped by China gains
Hong Kong shares were also boosted by data showing Chinese banks ... while money supply growth edged up, indicating the central bank is keeping policy accommodative to support economic growth. Most sectors rose, with properties and construction and ... ( read original story ...)
Hong Kong: Why is there chaos in parliament?
Unprecedented scenes have been playing out recently in Hong Kong's Legislative Council, the territory's main lawmaking body. On Wednesday, dozens of lawmakers staged a walk-out ahead of a second attempt to swear in newly elected pro-independence lawmakers. ( read original story ...)
Hong Kong: Tensions flare over pro-freedom politicians
Activists Baggio Leung, right, and Yau Wai-ching after pro-Beijing MPs tried to stall their swearing-in [Bobby Yip/Reuters] Dozens of pro-Beijing politicians have staged a walk-out from the Hong Kong legislature to stall the swearing in of two pro ... ( read original story ...)