Hong Kong’s de facto central bank has raised its interest rate by 25 basis points on Thursday, moving in step with a monetary policy decision from the US Federal Reserve overnight. The move by the Hon... ( read original story ...)
HMV closes all HK stores as financial woes prompt liquidation
HMV Retail has closed all its seven stores in Hong Kong as it goes into liquidation in the wake of financial troubles as consumers increasingly shun CDs and DVDs in favor of streaming services. In a f... ( read original story ...)
The big roadblocks to Hong Kong’s smart banking ambition
Banks have historically spent a large amount of their IT budgets on maintenance and stability rather than innovation. Viewing Fintechs as disruptors and competitors, traditional banks are closed entit... ( read original story ...)
Deutsche Bank in Hong Kong, Singapore sees exodus of almost 50 investment bankers since May
Keyvan Zolfaghari, a managing director who was head of capital markets solutions for Asia Pacific, joined Goldman Sachs Group. James Thomson, a managing director who was Asia head of transportation an... ( read original story ...)
Hong Kong Stock Exchange Calls Alleged Bitmain IPO Hesitation ‘Rumors’
Recent reports claim that the Hong Kong stock exchange is “hesitant” to consider a Bitmain IPO due to current market conditions. Recent reports allege that the Hong Kong stock exchange is ... ( read original story ...)
Bitmain IPO May Be in Trouble in Hong Kong
The Hong Kong Stock Exchange appears to be reluctant to approve crypto mining giant Bitmain’s application to go public there, possibly because the 2018 bear market is highlighting unreliability in cry... ( read original story ...)
Hong Kong stocks fall, tracking weakness in China, Asia
HONG KONG, Dec 18 (Reuters) - Hong Kong stocks slipped on Tuesday ... the IT sector lost 2.4 percent, while the more defensive financial sector edged down 0.7 percent and the property sector shed clos... ( read original story ...)
Investment Banker Exodus Hits Deutsche Bank in Hong Kong, Singapore
Deutsche Bank AG, the German lender that’s struggling to enact a turnaround, has seen a surge in turnover among investment bankers in Asia since May, as cost-cutting and sinking morale has prompted de... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) hit by a double whammy of policy disappointment in China
Hong Kong stocks slipped on Tuesday, hit by a double whammy of policy disappointment in China and depressing share prices across the region. The Hang Seng index fell 1.1 percent to 25,814.25, while th... ( read original story ...)
Mumbai: Rs 19 crore traced to Hong Kong account
The police believe the money has been transferred from the Hong Kong bank account to several other accounts. An officer said: “In the case of Pune-based Cosmos Bank that had been hacked in a similar m... ( read original story ...)
China, HK stocks fall on global growth concerns
Bank of Korea adjusted recently,” as did the government of Japan, said Linus Yip, chief strategist at First Shanghai Securities in Hong Kong. “The reason why A-shares have not fallen more is ... ( read original story ...)
Bank of New York Mellon Corp Reduces Holdings in iShares MSCI Hong Kong ETF (EWH)
Bank of New York Mellon Corp cut its position in iShares MSCI Hong Kong ETF (NYSEARCA:EWH) by 16.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Co... ( read original story ...)
BOC Hong Kong () : announces appointment of Deputy Chief Executives
BOC Hong Kong (Holdings) Limited ("the Company", Stock Code "2388"; ADR OTC Symbol: "BHKLY". The Company and its subsidiaries are collectively referred to as "the Group") today announced that with eff... ( read original story ...)
Hong Kong Exchange ‘Hesitant’ to Approve Bitmain IPO, Says Source
The Hong Kong Stock Exchange (HKEX) is reluctant to approve the initial public offering (IPO) applications of Chinese bitcoin mining equipment manufacturers, according to a person involved in the talk... ( read original story ...)