The move has several effects: Adeline Chien will become a regional market manager of domestic Hong Kong, while LH Koh advances to regional market manager for domestic Hong Kong and international Japanese clients. The appointment of Humair, Chien ... ( read original story ...)
Hong Kong ‘milkshake’ murderer challenges her life sentence
HONG KONG (Reuters) - An American serving a life sentence in a Hong Kong jail for the 2003 "milkshake" murder of her Merrill Lynch banker husband made a fresh challenge against her sentence on Friday. Nancy Kissel, who is in her mid 50s, has been in jail ... ( read original story ...)
Hong Kong raises base rate fourth time in 13 months, gets a shrug from markets and borrowers
The city’s de facto central bank raised the base lending rate by 25 basis points to 1.75 per cent, following an equivalent overnight increase by the US Fed to maintain the Hong Kong dollar’s peg to the American currency. Explainer: What Hong Kong’s ... ( read original story ...)
Banking experience not needed as SocGen plans 2018 Hong Kong tech hiring
https://news.efinancialcareers.com/hk-en/282438/credit-suisse-asia-technology-jobs/ Finance sector experience is now “a nice-to-have, not a perquisite” for working in banking technology, says the man tasked with expanding Societe Generale’s tech team ... ( read original story ...)
Hong Kong dollar falls most in 22 months as HKMA says it won’t defend drop to lower end of the peg
The Hong Kong dollar plunged the most in 22 months after the city’s de facto central bank said it will not seek extra exchange fund bills and that it would let the currency fall to the weak end of the currency peg. Bloomberg reported Hong Kong Monetary ... ( read original story ...)
Hong Kong based startup Lynk enables knowledge sharing by linking enterprises with experts
With more than 80 institutional customers, Hongkong-based Lynk aims to solve an expertise problem rampant in everyday business relationships. The online service connects enterprise users to experts in a variety of fields. Peggy Choi, 35, is a finance ... ( read original story ...)
Hong Kong is right not to follow the US in cutting taxes
The closer it comes to realising this goal, the less attractive the city will be as an international business centre. Should those bent on complete integration have their way the level of taxation will become increasingly irrelevant unless Hong Kong ... ( read original story ...)
Hong Kong raises base rate by 25 basis points in lockstep with US Fed’s third increase this year
The Hong Kong Monetary Authority, the city’s de facto central bank, raised the base lending rate by 25 basis points to 1.75 per cent, as it moves in lockstep with the equivalent overnight increase by the United States Federal Reserve to maintain the Hong ... ( read original story ...)
Hong Kong’s central bank raises base rate 25 basis points after Fed hike
HONG KONG (Reuters) - The Hong Kong Monetary Authority raised the base rate charged through its overnight discount window by 25 basis points on Thursday to 1.75 percent. The move from Hong Kong’s de facto central bank followed the Federal Reserve’s ... ( read original story ...)
Love or hate it, a higher mortgage rate will help to normalise Hong Kong’s housing market
Some people will always complain that a glass is half empty rather than be glad that it is half full. Here at last, comes the remedy to the high home prices about which everyone has complained for years, and what are we told instead? Homebuyers hit. ( read original story ...)
Bank in cashless app deal
BOC Hong Kong (2388) has joined with Tencent's (0700) Wechat Pay HK to offer users a safe and speedy cashless payment experience. Customers of BOCHK can now link their bank accounts to Wechat accounts, and set up daily transaction limits up to as much as ... ( read original story ...)
Hong Kong Finance Regulator Upraises the Legitimacy of Bitcoin Futures
The launch of Bitcoin Futures brought not only the escalation of its price but the hot discussions on the legal and regulatory requirements for that kind of contracts. Bitcoin has become a significant part of the financial markets. It is a hot topic at all ... ( read original story ...)
Joint financial probe good for reputation of Hong Kong
Law enforcement tends to be more effective when agencies pool their resources and cooperate. Such collaboration is usually prompted by offences involving cross-border activity and money laundering such as terrorism and drug trafficking. But it is relevant ... ( read original story ...)
Hong Kong Regulator Issues Warning on Bitcoin Futures
A Hong Kong finance regulator has published a new circular on bitcoin futures and other cryptocurrency-related investment products. Released by the Securities and Futures Commission (SFC) of Hong Kong on Dec. 11, the circular states that only licensed ... ( read original story ...)