Pedestrians cross a road in front of a Citigroup Inc. Citibank branch in the central business district of Hong Kong. Hong Kong’s securities regulator on Thursday fined an Asian unit of Citigroup Inc. C, -1.27% 57 million Hong Kong dollars (US$7.26 ... ( read original story ...)
Hong Kong’s Chong Hing Bank eyes ‘Greater Bay Area’, as China moves to open up banking and insurance sectors
Chong Hing Bank has set its eyes on China’s “Greater Bay Area” initiative, and will be hoping for looser regulation over Hong Kong banks doing business there, said Margaret Leung Ko May-yee, the bank’s deputy chairman and managing director. ( read original story ...)
Citigroup fined €6.16m in Hong Kong
Citigroup was fined 57 million Hong Kong dollars (€6.16 million) by Hong Kong’s Securities and Futures Commission (SFC) for the bank’s actions around the listing application of an initial public offering (IPO). The US bank was also reprimanded for ... ( read original story ...)
HKMA intervenes as Hong Kong dollar weakens, buys HK$9.5 billion in U.S. trade
That was in addition to HK$4.789 billion in Hong Kong dollars that the city’s de facto central bank bought earlier during New York trading hours. [nL2N1SN15P] Reuters data shows the latest intervention will reduce the forecast aggregate balance - the sum ... ( read original story ...)
Banking (Amendment) Ordinance 2018 (Commencement) Notice 2018 and Banking (Exposure Limits) Rules gazetted
Hong Kong (HKSAR) - The Banking (Amendment) Ordinance 2018 (Commencement) Notice 2018 and the Banking (Exposure Limits) Rules were gazetted today (May 18) to modernise section 87 of the Banking Ordinance in relation to a prescribed limit on equity ... ( read original story ...)
Hong Kong exchange says ‘needs patience’ to develop mainland China metals business
HONG KONG (Reuters) - The head of Hong Kong Exchanges and Clearing on Thursday said it would take time for the group to develop its metals business on the Chinese mainland. That includes plans such as developing its mainland commodity business in Qianhai ... ( read original story ...)
Community Business announces 2018 Hong Kong LGBT+ Inclusion Awards winners
Community Business, a leading not-for-profit organisation advancing responsible and inclusive business practices in Asia, revealed the winners of its 2018 Hong Kong LGBT+ Inclusion Awards in commemoration of the International Day Against Homophobia ... ( read original story ...)
Hong Kong faces challenge in how to manage its ageing population
The business performance of SEs that did not receive government ... A study on the SE sector in Hong Kong found that privately-owned SEs tend to find it difficult obtaining financial, marketing and human-resource support. There is an urgent need to build ... ( read original story ...)
Hong Kong court finds leader of independence movement guilty of rioting
HONG KONG (Reuters) - A Hong Kong court on Friday found the most prominent leader of the Chinese-ruled territory's independence movement, Edward Leung, guilty on one charge of rioting, a verdict that could see him put behind bars for up to 12 years. ( read original story ...)
Leader of Hong Kong independence movement found guilty of rioting
HONG KONG (Reuters) - A Hong Kong court on Friday found the most prominent leader of the Chinese-ruled territory’s independence movement, Edward Leung, guilty on one charge of rioting, a verdict that carries a maximum sentence of 12 years’ jail. ( read original story ...)
Beyond Ventures continues to encourage entrepreneurialism in Hong Kong by sponsoring the Start-up Express incubation programme
HONG KONG, May 18, 2018 /PRNewswire/ -- Beyond Ventures has become one of two signature sponsors of the Start-up Express incubation programme designed to help new enterprises source funding, build business networks and get established in mainland China ... ( read original story ...)
Breakingviews – Citi’s Hong Kong slap has lesson for new IPO boom
HONG KONG (Reuters Breakingviews) - Citi’s shortcomings on a small Hong Kong IPO offer lessons ahead of a new listings boom. On Thursday, the city’s securities regulator fined the U.S. bank roughly $7 million over the 2009 initial public offering of ... ( read original story ...)
Hong Kong’s behind-closed-doors gay weddings
It was a day Alvin Chan and his partner C.P. So had never imagined possible -- tying the knot in front of cheering family and friends in Hong Kong. Apprehensive about holding a wedding ceremony in the socially conservative city a year after they signed ... ( read original story ...)
Tencent soars as Hang Seng dips
Shares of Tencent Holdings yesterday closed 3.74 percent higher in Hong Kong, outperforming the benchmark Hang Seng index.Stocks of the Chinese ... Tencent's shares after its first quarter report. Deutsche Bank said in a report that Tencent's quarterly ... ( read original story ...)