Hong Kong's securities regulator has vowed to take action against private equity funds and discretionary accounts involved in "improper activities" amid increased market scrutiny by authorities and investors in the financial hub. The Hong Kong government ... ( read original story ...)
“I studied in China. But I still landed a top Hong Kong banking job”
Forget the Ivy League. I went to a Chinese university and I still landed a top banking job in Hong Kong. http://news.efinancialcareers.com/hk-en/291108/local-banks-hong-kong-jobs/ International banks in Hong Kong generally have their pick of elite graduates. ( read original story ...)
Attacks on Hong Kong’s legal aid system show breathtaking creativity and imagination
Second, under Hong Kong’s legal system, a citizen who wishes to litigate ... The amount that solicitors can earn on legal aid cases is trivial compared to what they could earn on an IPO. In addition, the small number of judicial review cases ... ( read original story ...)
Unexpected rise in profit send Hang Seng Bank shares up 2.6%
HONG KONG - Hang Seng Bank, 62% held by global bank HSBC Holdings, said on Monday that its de-risking efforts in China helped shore up the company's financial position and allowed it to hand out more cash dividends. Reporting a 7% year-on-year decrease in ... ( read original story ...)
Hong Kong stocks up for 7th straight month, longest stretch of gains in a decade
Hang Seng Bank, a subsidiary of HSBC, recorded a 23 per cent jump in interim profit on Monday, boosting its shares. The Hong Kong lender touched a historic high of HK$170.8 during the day, before finishing up 1.3 per cent to HK$170. On the mainland ... ( read original story ...)
Hang Seng Bank : H1 Profit Up 23%
... Year 07/20 DJ Henderson Land Names Fung Hau Chung as CFO Effective August 1 06/15 HANG SENG BANK: Hong Kong Dollar Prime Lending Rate Remains Unchanged at 5.00% .. 06/08 DJ Hang Seng Bank Names Louisa Cheang as Vice Chairman, Chief Executive Effectiv.. ( read original story ...)
Hang Seng Bank 1st Half Net Profit HK$9.84 Billion; Up 23% On Year
Hang Seng Bank, a unit of HSBC Holdings PLC (>> HSBC Holdings plc), said its net profit for the six months ended June 30 rose to 9.84 billion Hong Kong dollars (US$1.26 billion) from HK$8.01 billion a year earlier, while its net interest income rose 7.4% ... ( read original story ...)
Hong Kong’s drawndown mortgage loans in June rise 13.4 pct m/m
July 31 (Reuters) - New mortgage loans drawn down in Hong Kong totalled HK$32 billion ($4.10 billion) in June, up 13.4 percent from a month earlier, Hong Kong Monetary Authority (HKMA) data showed on Monday. Following is the breakdown of data from the ... ( read original story ...)
A city rat’s musings in the country: For better or worse, our fates lie in our urban centres
From quintessentially urban Hong Kong, with just under 7,000 people per square mile ... Cities have come to dominate our economies. McKinsey & Co. has estimated that 600 urban areas account for 60 per cent of the world’s gross domestic product. ( read original story ...)
China’s Housing Market: The Iron Bubble
“There are few investments products that offer the same degree of security as real estate,” says Sam Crispin, CEO of ABP Investment Management in Hong Kong. China’s banks ... sweeping economic change,” wrote McKinsey in a 2013 report, Mapping ... ( read original story ...)
We run fintech firms in Asia. Here’s how to write a CV to get job with us
We run fintech start-ups in Singapore and Hong Kong. If you want a job with us, write your CV like this. How should you rework your CV if you’re applying to an Asian start-up? We asked fintech founders in Singapore and Hong Kong for their top resume tips. ( read original story ...)
HK’s Leanest Startup, Grana, Disrupts The Fashion Industry By Focusing On Product
In just a short two and a half years the company has not only raised well over US$10 million from the likes of Alibaba’s Entrepreneurs Fund, 500 Startups and MindWorks Ventures, they are well their way to becoming Hong Kong’s hottest e-commerce fashion ... ( read original story ...)
Don’t miss opportunities Islamic fintech gives HK
Cairo launched two startup projects last year. Ernst & Young last year reported that the 40 largest Islamic banks had approved budgets ranging from $15 million to $50 million to expand digital business in the next three years. What is Hong Kong doing with ... ( read original story ...)
No One Makes Money by Betting Against Hong Kong
I asked several industrialists and economists, where does a startup in Shenzhen want to do its initial public offering? Their unanimous answer was, “Hong Kong, if they can meet the requirements.” Hong Kong’s “requirements,” the integrity of ... ( read original story ...)