HSBC Private Bank in Hong Kong has made another senior hire into the team that serves super-wealthy customers. Former CICC banker Yahong Wu joined HSBC as a director of ultra-high net worth (UHNW) sol... ( read original story ...)
Trump aims sanctions at Iran … Hong Kong bank customers get hit
Chandran Nair, the founder of the Global Institute for Tomorrow, was seeking answers when four Standard Chartered senior bank officers strode into his Hong Kong office in Taikoo Shing. Nair, from Mala... ( read original story ...)
HKMA fines Shanghai Commercial Bank for anti-money laundering lapses
HONG KONG (Reuters) - The Hong Kong Monetary Authority (HKMA) has fined Shanghai Commercial Bank Ltd HK$5 million ($636,967) and reprimanded it for breaching anti-money laundering and counter terroris... ( read original story ...)
How to Open a Bank Account in Hong Kong
Hong Kong – an international business hub and gateway to China for many foreign companies – continues to be an attractive destination among foreign investors. This is particularly true as neighboring ... ( read original story ...)
Opening a Bank Account in Hong Kong: Challenges and Tips
Hong Kong – an international business hub and gateway to China for many foreign companies –continues to be an attractive destination among foreign investors. This is particularly true as neighboring c... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) ended 0.8 percent lower
The Shanghai Composite Index .SSEC closed down 0.6 percent, while Hong Kong’s Hang Seng index .HSI ended 0.8 percent lower. Hopes that China and the United States could ease trade tensions helped Chin... ( read original story ...)
Cryptocurrency’s millennial mining tycoon is planning a $3-billion IPO
Bitmain Technologies Ltd., the world’s biggest producer of cryptocurrency mining chips, is planning a Hong Kong initial public offering that could raise as much as US$3 billion, people with knowledge ... ( read original story ...)
Currency pressure forces Hong Kong and Indonesia into action
Asian currencies came under renewed pressure on Wednesday forcing central banks in Indonesia and Hong Kong to take action and marking an escalation in the fallout across emerging markets from the fina... ( read original story ...)
Crypto’s Millennial Mining Tycoon Is Planning a $3 Billion IPO
Canaan Inc., a maker of crypto mining gear that’s also working on AI applications, has already filed for a Hong Kong IPO. The company will aim to raise about $1 billion, people with knowledge of the m... ( read original story ...)
‘Very substantial’ financial loss: Hong Kong court rejects application to halt controversial joint checkpoint plan
The High Court on Tuesday dismissed an application by ousted lawmaker Baggio Leung and activist Kwok Cheuk-kin to halt the joint checkpoint arrangement of the Express Rail Link, which is expected to s... ( read original story ...)
Crypto Mining Giant Bitmain Plans Up to $3 Billion IPO
Canaan Inc., a maker of crypto mining gear that’s also working on AI applications, has already filed for a Hong Kong IPO. The company will aim to raise about $1 billion, people with knowledge of the m... ( read original story ...)
Hong Kong steps in to defend currency peg for first time since May
Hong Kong came off the sidelines to defend its currency for the ... which lost a fifth of its value last week amid trade tension with the US and concern over the country’s financial stability. The lir... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) continues to advance
Stocks in Hong Kong continued to advance today ... or 54.3 points, at 10,920.4. Shares in Hang Seng Bank (0011) continued to climb after its interim results announcement yesterday, rising by 2 percent ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) blue chip benchmark drops Bank of East Asia and China Merchants Port
China Merchants Port Holdings and Bank of East Asia, long term constituents of Hong Kong’s benchmark Hang Seng Index, will be replaced by Sino Biopharmaceutical and Shenzhou International Group Holdin... ( read original story ...)