Hong Kong’s initial public offering market has been delivering the best returns in years. Eleven companies that sold IPOs worth at least U$S100 million rose by an average of 11 per cent one month ... ( read original story ...)
Hong Kong Monetary Authority Approves Virtual Bank License for WeLab Digital Limited
“The Group will actively invest in the establishment of virtual banking and leverage WeLab’s pure online financial operations experience in Hong Kong and other markets. The development of WeLab ... ( read original story ...)
WeLab gets Hong Kong’s fourth online-only banking licence
HONG KONG, April 10 (Reuters) - WeLab Digital Limited was awarded Hong Kong’s fourth online-only banking licence on Wednesday, the Hong Kong Monetary Authority said in a statement, giving the fintech ... ( read original story ...)
Fintech unicorn WeLab bags Hong Kong’s fourth virtual bank licence
A unit of home-grown fintech unicorn WeLab Holdings has won the fourth virtual bank licence granted by the Hong Kong Monetary Authority on Wednesday, making it the first stand-alone company to receive ... ( read original story ...)
Nine leaders of Hong Kong pro-democracy protests found guilty
laid siege to government headquarters and paralyzed Hong Kong’s financial district for 79 days. Thousands staked out encampments on major thoroughfares. Several hundred were arrested. The movement ... ( read original story ...)
Untouchable in 2018, China Bank Stocks Are Now All the Rage
After snapping up Ping An Bank Co., traders have turned their attention to its larger rival China Merchants Bank Co. The Hong Kong shares jumped 15 percent in nine days through Monday to an all-time ... ( read original story ...)
Hong Kong’s middle class saving for children’s weddings and homes, estimate they need US$637,000 for retirement
who estimate they need at least HK$5 million (US$637,175) to cover retirement expenses, according to a survey by China Construction Bank (Asia). The bank surveyed 2,500 Hongkongers in January on their ... ( read original story ...)
Hong Kong finance professionals indulge in unusually long lunch breaks
Even in an era of ongoing cost cutting, there’s one thing that Hong Kong banking professionals can’t live without: their long lunch breaks. A sandwich in the office is standard for many in ... ( read original story ...)
Hong Kong protest leaders found guilty as democracy hopes fade
Before his trial started in November last year, Mr Chan told The Australian Financial Review: "Since Xi Jinping took power in 2012 things have been going backwards. There has been further ... ( read original story ...)
Hong Kong ‘Occupy’ protest leaders found guilty for role in mass rallies
HONG KONG (Reuters) - A Hong Kong court on Tuesday ... Yiu-ming were all found guilty following a trial that comes as the financial centre’s civil liberties come under mounting pressure. ( read original story ...)
HSBC: Well Positioned In Asia, But Still Not A Buy
HSBC's key markets in the UK, Hong Kong and China face heightened risk and uncertainty from Brexit and the US-China trade war. HSBC's strong position in Hong Kong and the Pearl River Delta leave ... ( read original story ...)
BOC Hong Kong : BOCHK announces the allocation of net proceeds from sale of “Bank of China (Hong Kong) Centenary Commemorative Banknote”
"Bank of China (Hong Kong) Centenary Commemorative Banknote" Bank of China (Hong Kong) Limited ("BOCHK") today announces the allocation of the net proceeds from the sale of the "Bank of China (Hong ... ( read original story ...)
Hong Kong Sevens: five-star Fiji down France to claim record-breaking win
At the end of a day when it so often seemed like anything could happen, there was a warm and fuzzy familiar feeling that engulfed Hong Kong Stadium – Fiji won the Cathay Pacific/HSBC Hong Kong Sevens ... ( read original story ...)
Hong Kong’s financial regulator urged to keep an open mind on fintech start-ups as city hands out virtual bank licences
Financial companies are urging the Hong Kong Monetary Authority to be more open-minded in giving new virtual bank licences as it would become difficult to attract international players to set up in ... ( read original story ...)