The Hongkong and Shanghai Banking Corporation Limited (HSBC HK) and Bank of China (Hong Kong) Limited (BOC HK) recently announced that they would no longer charge certain fees on personal saving ... ( read original story ...)
Chinese budget retailer eyes HK for US$1b IPO
Also, Tasly Biopharmaceuticals, a biopharma unit of Shanghai-listed Tasly Pharmaceutical Group, plans to raise about US$500 million from a Hong Kong IPO, according to Reuters IFR. Meanwhile, Ernst & ... ( read original story ...)
Hang Seng barely moves, China Merchants Bank rebounds
Hong Kong blue chips barely moved at the close today. The benchmark Hang Seng Index inched up by a mere 0.13 percent, or 36 points at 28,221.98.Shares in China Merchants Bank (3968) rebounded by 0.26 ... ( read original story ...)
Sanctioned bank shares take further hit in Shanghai, HK
Shares in three big Chinese banks extended their drop today, after a U.S. media report suggested they could face fallout from an investigation into North Korean sanctions violations.China Merchants ... ( read original story ...)
Hong Kong hits export slump and worst is yet to come warns top Bank of East Asia economist, as trade war shows no signs of ending
The city’s exports dropped 2.4 per cent year on year for the seventh month, while imports were down 4.3 per cent for six months in a row, the Census and Statistics Department said on Tuesday. ... ( read original story ...)
Hong Kong protests signal alarm special freedoms fading
HONG KONG -- China promised that for 50 years after Britain gave up control of its last colony, this shimmering financial enclave would get to keep freedoms absent in the communist-ruled mainland. ... ( read original story ...)
Hong Kong activists renew protest against extradition bill
HONG KONG — More than 100 people blocked a Hong ... at the skyscraper inland revenue building near the heart of the financial center. The former British colony of Hong Kong returned to Chinese ... ( read original story ...)
StanChart scraps banking fees
Standard Chartered Bank Hong Kong announced it ill scrap its premium banking and easy banking's below amount fees from August 1.Earlier, The Hongkong and Shanghai Banking Corporation and Bank of China ... ( read original story ...)
Standard Chartered becomes third big lender in Hong Kong to scrap minimum-balance fee as virtual banks get ready to challenge their dominance
the third major bank in a week to scrap the charge imposed on small depositors as Hong Kong’s traditional lenders prepare to fight off competition from virtual banks. HSBC and Bank of China Hong Kong ... ( read original story ...)
Hang Seng sinks, China Merchants Bank drops by 8.99pc
The Shenzhen Stock Exchange Composite Index sank by 2.12 percent to end at 9,016.91 points at mid day.Shares in China Merchants Bank (3968) plunged by 8.99 pe... Stocks in Hong Kong stocks lost 372.52 ... ( read original story ...)
Hong Kong shares end lower on trade war blues; banks drag
Hang Seng down 1.2%, H-shares fall 1.9% * Trump "comfortable with any outcome" at G20 - U.S. official * Banks pressured; media report- SPDB may face U.S. punishment HONG KONG, June 25 (Reuters ... ... ( read original story ...)
Richard Li’s FWD is in talks to buy MetLife’s Hong Kong insurance unit to expand through acquisition
In 2017, Hong Kong-based investment fund Jeneration Holdings agreed to ... FWD has been buying insurance assets across Asia, agreeing in October to acquire control of Commonwealth Bank of Australia’s ... ( read original story ...)
Yam calls for solidarity in financial sector
issued a rare press release to call for the Hong Kong financial community to stick together, continue the commitment to work, be vigilant and prudent to face the complex financial situation. Yam said ... ( read original story ...)
New digital banks challenge HSBC’s Hong Kong dominance
If a banker were to describe their dream consumer market, it would look a lot like Hong Kong. Lenders in the autonomous Chinese territory are exceptionally profitable, thanks to a wealthy customer ... ( read original story ...)