Publisher's "Retail Banking Country Snapshot: Hong Kong 2016" reviews the retail banking sector in Hong Kong, with a particular focus on the current account, savings, mortgage, and personal loans markets. It includes both market-level data and insight from ... ( read original story ...)
Shares of Standard Chartered in Hong Kong drop to two-week low
The bank no longer has an IPO sponsorship license in Hong Kong. Standard Chartered said it has spent $2.1 billion on restructuring since last November. Standard Chartered is getting rid of loans that were made in the past but are now outside a new risk ... ( read original story ...)
Grim Psychological Portrait of British Banker Presented in Hong Kong Murder Trial
The court heard that Jutting was moved by Bank of America Merrill Lynch from London to Hong Kong in September 2013, allegedly because of a dubious tax project he undertook in London that brought the bank under scrutiny. It was during his year working in ... ( read original story ...)
The British banker that killed 2 people in Hong Kong ordered them food first
Bank of America, Hong Kong, where Jutting worked. Wikimedia Commons The defense has also argued that Jutting, a 31-year-old Cambridge university graduate, felt huge stress during his banking career. Reading said Jutting only worked for 10-15 days in the ... ( read original story ...)
SFC turns up heat on HK IPOs with bank probes
The Hong Kong Securities and Futures Commission has fired a warning shot at banks, with both Standard Chartered and UBS being investigated for their roles as IPO sponsors. The move has left other banks wondering which one will be next and comes at a time ... ( read original story ...)
Hong Kong stocks close 0.56 pct lower
Turnover totaled 54.88 billion HK dollars (about 7.08 billion U.S. dollars). The Hang Seng China Enterprises Index moved down 37.86 points, or 0.40 percent, to close at 9,482.01. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng ... ( read original story ...)
Hong Kong’s housing malaise and ‘mosquito homes’ are ripping apart its civic morale and community cohesion
It was cramped, but as a newly minted student, possessions were few. That student room was 160 sq ft. I blink unbelieving that Hong Kong property developers today have the temerity to build and offer “mosquito homes” of the same size. I am appalled ... ( read original story ...)
Family businesses in China and Hong Kong less aggressive when it comes to growth, says PwC study
A major area where mainland Chinese and Hong Kong family businesses differ is bringing the next generation into the business. Over 70 per cent of family businesses in China have next generation family members working in the business, similar to the global ... ( read original story ...)
Hong Kong, Shanghai: Stocks follow Wall Street down at open
[HONG KONG] Hong Kong stocks suffered fresh losses after opening on Friday, tracking another sell-off on Wall Street on uncertainty about next week's US presidential election. The Hang Seng Index fell 0.32 per cent, or 71.97 points, to 22,611.54. ( read original story ...)
A renegade photographer got inside this lawless Hong Kong community that was 119 times denser than New York City
Between the 1950s and mid-'90s, tens of thousands of immigrants constructed a towering community 12 stories high across a 6.4-acre lot in Hong Kong. It was called the ... his time in Kowloon Walled City with Business Insider. You can check out the rest ... ( read original story ...)
Hong Kong retail sales slump for 19th consecutive month
Retail sales in Hong Kong slumped for the 19th consecutive month, due in part to the dwindling spending power of visitors from the mainland. Poor stock market performance and uncertainty in the property market also continued to weigh on local private ... ( read original story ...)
Hong Kong startup wants to be Uber of office spaces
Hong Kong startup Booqed is looking to change how organisations utilise spaces and link them with people seeking temporary offices and event venues. The business model emerged out of frustration when the co-founders, who needed a conducive space to conduct ... ( read original story ...)
‘Business of Design Week 2016’ at Hong Kong Convention and Exhibition Centre
“Business of Design Week 2016,” a flagship event being hosted by Hong Kong Design Centre, will take place at Hong Kong Convention and Exhibition Centre from November 30 through December 4, 2016. The conference gets together progressive designers and ... ( read original story ...)
Selling Hong Kong’s stocks at 24,000 is a winning strategy
Hong Kong: A simple strategy for making money out of Hong Kong’s volatile stock market in the past six years is holding true — so far. Selling shares when the city’s benchmark index when it approaches 24,000 and buying when it falls to 20,000 since ... ( read original story ...)