BOC Hong Kong gathered 1.08 percent, Sands China skidded 1.02 percent, AIA Group advanced 0.99 percent, CITIC added 0.84 percent, Sun Hing Kai Properties shed 0.82 percent, CNOOC gained 0.72 percent, ... ( read original story ...)
How will it work? Linklaters’ new banking head on leading from Hong Kong
When Linklaters appointed Hong Kong partner Davide Mencacci as its new global head of banking earlier this month he became the department’s first leader to be based outside of London, where it largest ... ( read original story ...)
Financial Connect in the works
Secretary for Financial Services and the Treasury James Henry Lau said Hong Kong is holding talks with mainland regulators on launching a "Financial Product Connect" before 2022. "I hope this connect ... ( read original story ...)
Ant, Tencent, Xiaomi Seek Hong Kong Digital Banking Licenses
As Hong Kong gears up to roll out digital banking licenses, a few of the largest banks in the world are set to compete with online firms. The government plans to provide digital banking licenses to co... ( read original story ...)
Hong Kong Shares Inherit Positive Lead
Among the actives, China Life Insurance surged 4.25 percent, while China Mengniu Dairy soared 3.37 percent, Galaxy Entertainment spiked 3.01 percent, BOC Hong Kong jumped 2.18 percent, AIA Group ... ( read original story ...)
New World Development plans blockchain platform for home deals
New World Development (0017) has collaborated with Hong Kong Applied Science and Technology Research Institute to launch a blockchain platform PropTech, that will allow secure purchases of flats from ... ( read original story ...)
Fund Companies Ask Hong Kong to Relax IPO Investment Rules
Global asset managers are lobbying Hong Kong to relax rules that forbid existing shareholders to subscribe to initial public offerings. The Asia Securities Industry and Financial Markets Association a... ( read original story ...)
Cryptocurrency companies use ‘backdoor’ listings to ease into mainstream
Hong Kong officials have already questioned the sustainability of crypto businesses when last year, the world’s largest makers of cryptocurrency mining rigs did not follow through on IPO plans ... ( read original story ...)
New payment system at HSBC on way
The Hongkong and Shanghai Banking Corporation has launched the PayMe for Business beta test program, allowing merchants who are HSBC Business Banking customers in Hong Kong to collect money.The beta t... ( read original story ...)
Hong Kong opens banking market to online competition
Digital banking licences set to be issued to 6 companies including Tencent, Ant Financial and Xiaomi The sales pitch from the Chinese companies is expected to be easier online banking that gives acces... ( read original story ...)
Filipino tourists jailed in HK for bank account scam
If it’s too good to be true, it probably is. Three Filipino call center agents have been sentenced to five months of jail time in Hong Kong over an alleged bank account scam, the Philippines ... ( read original story ...)
Hong Kong’s Central Banker to Step Down After a Decade in Charge
Hong Kong’s de facto central bank is bidding farewell to its chief after a decade, starting the search for a successor at a time when the city faces an outlook made uncertain by the slowing Chinese ec... ( read original story ...)
Filipino tourists jailed in HK for bank scam
If it’s too good to be true, it probably is. Three Filipino call center agents have been sentenced to five months of jail time in Hong Kong over a bank scam, the Philippines’ Department of Foreign Aff... ( read original story ...)
Hong Kong Exchanges and Clearing : Exchange to buy majority stake in Chinese financial tech firm
HONG KONG (Reuters) - Hong Kong Exchanges and Clearing Ltd (HKEX), the stock exchange operator in the Asian financial hub, has agreed to buy a majority stake in a Chinese financial technology firm's u... ( read original story ...)