HONG KONG -- Financial authorities here have intervened to buy 70.4 billion Hong Kong dollars ($8.96 billion) since April to prop up the currency, in effect tightening monetary policy in an economy particularly sensitive to U.S. interest rate moves. ( read original story ...)
Now Hong Kong banking recruiters want to hire you if you’re NOT a perfect match to the job
In a bid to boost their technology ranks, recruiters at banks in Hong Kong now want to hire more tech professionals whose skills aren’t yet a complete match to the job desciption. Technology is now at the forefront of banks’ local headcount plans, but ... ( read original story ...)
China, Hong Kong stocks fall as coal miners slump
In Hong Kong, the Hang Seng index dropped 1.0 percent to 30,909.01, while the Hong Kong China Enterprises Index lost 1.3 percent to 12,194.86 points. ** Investors were also cautious after U.S. President Donald Trump tempered optimism over progress made so ... ( read original story ...)
Manager at Hong Kong finance firm loses HK$14 million to man she never met in eight-year online love scam
A financial professional has become Hong Kong’s biggest victim of internet romance scams, losing HK$14 million (US$1.8 million) to a con artist she had an online relationship with for eight years, police sources revealed, amid a surge in such cases this ... ( read original story ...)
Hong Kong finance manager lost £1.3m to ‘British film director’ she never met in eight year romance con
A con artist who pretended to be a British film director has reportedly duped a Hong Kong woman out of HK$14 million (£1.3 million) in the city's biggest ever online romance scam. The victim of the eight year-long fraud was a manager at a Hong Kong ... ( read original story ...)
Hong Kong banks trying (but often failing) to hire from Google and Alibaba
Finance-sector experience is no longer a must-have for getting a technology job at a large bank in Hong Kong. This year, banks are increasingly trying to poach tech professionals from outside the finance sector, according to 13 senior in-house recruiters ... ( read original story ...)
Is banks’ deposits race the first sign of Hong Kong’s property bubble bursting?
HSBC, Bank of China Hong Kong (BOC HK), Citi and many others have started offering rates as high as 2.7 per cent to lure deposits. Some analysts now believe zero rates for smaller depositors could soon become a thing of the past, at least for the ... ( read original story ...)