That might seem surprising. Shares of Industrial & Commercial Bank of China Ltd., and three fellow Chinese lenders that are members of Hong Kong’s benchmark Hang Seng Index, have languished over the ... ( read original story ...)
How to open a Hong Kong bank account
Cash machines are plentiful in Hong Kong – at airports, railway stations, banks, supermarkets and convenience stores and on the street. If you use your bank’s own machine, the transaction will be free ... ( read original story ...)
Boc Hong Kong (OTCMKTS:BHKLY) versus Woori Financial Group (OTCMKTS:WF) Head to Head Survey
BOC Hong Kong (Holdings) Limited, an investment holding company, provides banking and related financial services to corporate and individual customers in Hong Kong, Mainland China, and internationally ... ( read original story ...)
Hong Kong stocks hit 3-week high on easing virus fears, policy support
Shares in Hong Kong rose to their highest level in more than three weeks on Monday, as countries globally reported fewer new coronavirus deaths, and after the Chinese central bank released $56 billion ... ( read original story ...)
DBS Hong Kong Digitizes Two-Day SMB Account Opening
DBS Hong Kong, a subsidiary of DBS Bank headquartered in Singapore, is transitioning to a new contact-free way for small- to medium-sized businesses (SMBs) to set up business accounts, according to a ... ( read original story ...)
Chinese companies eye IPOs closer to home as Luckin Coffee, TAL scandals taint path to US markets
Chinese companies are likely to turn to Hong Kong or Shanghai for capital, after two accounting scandals in a week burned investors and triggered a crisis of confidence in their US-listed peers.At lea ... ( read original story ...)
Citi Replaces Credit Suisse on WeDoctor IPO Role
Citigroup Inc. has been picked for a top role on WeDoctor’s Hong Kong initial public offering, replacing Credit Suisse Group AG, according to people with knowledge of the matter. ( read original story ...)
Shanghai overtakes Hong Kong as world’s top IPO destination but mega deals waiting in wings will shake up full-year rankings
Shanghai overtook Hong Kong as the world's top initial public offering (IPO) destination in the first three months of the year, but mega deals waiting in the wings for calmer markets could yet shake ... ( read original story ...)
Hong Kong dollar bank deposits fall the most since height of protests as coronavirus outbreak sparks outflow of funds
Hong Kong dollar bank deposits dropped 0.5 per cent in February ... Since the government withdrew a controversial extradition bill that had triggered the protests, in September, the deposits have been ... ( read original story ...)
Hong Kong Shares May See Mild Downside Correction
The Hong Kong stock market has finished higher in back-to-back trading days, soaring more than 1,000 points or 4.4 percent along the way. The Hang Seng Index now rests just above the 24,250-point ... ( read original story ...)
China Market Update: All Quiet On The Western Front
We will be hosting a webinar this morning on the human, economic, and market impact of COVID-19 on China and the world. Click here to sign up. Asian equities were largely lower following the S&P 500’s ... ( read original story ...)
Renewed Support Seen For Hong Kong Shares
The Hong Kong stock market on Wednesday snapped the two-day winning streak in which it had accelerated more than 1,000 points or 4.4 percent. The Hang Seng Index now rests just above the 23,970-point ... ( read original story ...)
China’s Bank of Gansu Pledges 30 Billion Yuan Loans, Report of Capital Injection
The Hong Kong-listed bank, which is controlled by the provincial government ... Caixin didn't specify the size of the capital injection. People's Bank of China officials declined to respond to ... ( read original story ...)
Dividend Halt Puts HSBC at Risk of Losing Core Investors
HSBC Holdings Ltd.’s dividend suspension threatens to cost the lender some of its core investor appeal in Hong Kong. ( read original story ...)