What’s going wrong in banking recruitment right now? We spoke to recruiters in Singapore, Hong Kong and Australia to find out. There’s currently a surplus of senior investment bankers in Asia after several global banks have shed front-office staff over ... ( read original story ...)
HK’s Mason Group to buy European private banking firm for $60 mln
HONG KONG, Oct 19 (Reuters) - Financial services group Mason Group Holdings Ltd said on Thursday it would buy a Liechtenstein-incorporated private banking services provider for 58.6 million Swiss Franc ($59.73 million), as it expands into the European ... ( read original story ...)
Regulator to set benchmark for companies to issue green bonds in Hong Kong
Hong Kong’s monetary authority is working with the government to issue green bonds in the city in the next financial year, setting a benchmark for companies to issue debt to fund environment-related projects. The move is part of the plan outlined last ... ( read original story ...)
BOC Hong Kong : Bank of China (Hong Kong) launches Centenary Commemorative Banknote Charity Sets
Bank of China (Hong Kong) Limited ("BOCHK") today announces that the Bank of China (Hong Kong) Centenary Commemorative Banknote Charity Sets (the "Commemorative Banknote Charity Sets") will be open for public bidding from 20 October to 8 November 2017. ( read original story ...)
Bank of East Asia : Fraudulent Website Notification
Fraudulent Website Notification Hong Kong, 19th October, 2017 - The Bank of East Asia, Limited ("BEA" or the "Bank") would like to alert all customers and the general public that the Bank has no affiliation whatsoever with the website https://eastasia-bank ... ( read original story ...)
HK plunge a Black Monday reminder
Geely Automobile Holdings (0175), which has more than tripled this year, plunged 7.5 percent, while Hong Kong developers declined after three-month bank borrowing costs climbed the most this year. Telecoms equipment maker ZTE Corporation (0763) sank 11 ... ( read original story ...)
Fintech bank to domicile in SAR
Fintech bank ITF Corporation is to set up its headquarters in Hong Kong and expects to start operations next year. US veteran investor Jim Rogers is among the investors in the world's first Fintech bank. Rogers said at the launch event that he invested in ... ( read original story ...)
Hong Kong enforces new rules to better manage city’s funds, stockbrokers and financial firms
A new rule aimed at ensuring brokers, fund houses and financial advisers in Hong Kong are being run by qualified, experienced managers came into force on Tuesday. The “manager in charge” regulation requires such companies to hire staff approved and ... ( read original story ...)
Hong Kong finance elite’s gym of choice is said to seek sale
HONG KONG (Bloomberg) - Owners of Pure Group, the billionaire-backed gym chain catering to Hong Kong's financial elite, are seeking a sale that could value the company at as much as US$500 million (S$675 million), people with knowledge of the matter said. ( read original story ...)
Will Hong Kong spark a race to the bottom in IPO rules?
HONG KONG -- Jack Ma Yun dealt Hong Kong's stock exchange a blow that it still hasn't recovered from when he chose New York for Alibaba's initial public offering in 2014, giving the Big Apple bragging rights to hosting the largest-ever technology listing. ( read original story ...)
Jim Rogers funded new fintech bank ITF to set up headquarters in Hong Kong
ITF, a new fintech bank that veteran US investor Jim Rogers has invested in, will set up its headquarters in Hong Kong and aims to start operating next year, in a move that suggests the Hong Kong Monetary Authority’s efforts to promote technology ... ( read original story ...)
Hong Kong IPOs head for worst year since 2012 as mega deals slip
People walk outside the Hong Kong Stock Exchange building. Hong Kong’s market for initial public offerings is heading for its worst year since 2012 as a combined $20bn of mega deals are being pushed to next year. Hong Kong’s market for initial public ... ( read original story ...)
Will Hong Kong Spark A Race To The Bottom In IPO Rules? – Nikkei Asian Review
HONG KONG (Oct 18) -- Jack Ma Yun dealt Hong Kong's stock exchange a blow that it still hasn't recovered from when he chose New York for Alibaba's initial public offering in 2014, giving the Big Apple bragging rights to hosting the largest-ever technology ... ( read original story ...)
U.S. exchanges set for highest number of Asian IPOs since 2010
HONG KONG (Reuters) - U.S. exchanges are set to record their busiest year for IPOs from Asian firms since 2010 and may sustain the pace in 2018, as startups from Taiwan, Singapore, Indonesia and Vietnam join a flurry of Chinese firms that have already ... ( read original story ...)