Headline shares of the Hong Kong market were on a firmer footing on Friday ... as well as the tentative trade stalemate between the country and China. In afternoon trades, the Hang Seng Index added 70 ... ( read original story ...)
How cheap is the Hong Kong market? [Hang Seng Index 7 Year Valuations]
Based on the P/B chart, the Hang Seng Index is trading at the cheaper end of its range but not yet at levels seen in 2016. People are far more bearish than just 6 months ago – with highflying companie... ( read original story ...)
Lukewarm response as Hong Kong releases new HK$1,000 banknotes
The city’s new HK$1,000 banknotes appeared to receive a lukewarm response from the public on the day of their release, failing to draw crowds with their improved security features. Outside the HSBC br... ( read original story ...)
HANG SENG Bk Lt/S (HSNGY) vs. Societe Generale (SCGLY) Financial Survey
Hang Seng Bank Limited, together with its subsidiaries, provides various banking and related financial services to individual, corporate, commercial, small and medium-sized enterprise, and institution... ( read original story ...)
Technology push could open Hong Kong banks to more cyberattacks in 2019, KPMG says
The advent of virtual banking and the increased use of emerging technology could open Hong Kong’s banks to more risks of cyberattacks in the coming year, according to KPMG. In a new report, the accoun... ( read original story ...)
Eight leading corporate bankers you need to know in Hong Kong
Here’s a selection of some of the leading corporate bankers in Hong Kong. Tony Lee, head of corporate, commercial banking, HSBC Lee is the very definition of a loyal company man: he joined HSBC ... ( read original story ...)
Accenture: Open banking gaining traction in Hong Kong
Half of commercial bank customers in Hong Kong already participate in open banking platforms, with 27% also planning to do so in 2019, according Accenture. The study issued by Accenture found that mos... ( read original story ...)
These senior bankers left global firms to join Bank of China in Hong Kong
Large Chinese banks have traditionally grown their own talent and found it difficult to lure senior bankers away from US and European institutions. But this is now changing, at least in Hong Kong ... ( read original story ...)
Hong Kong Should Use Its Financial Might to Fight Human Trafficking
Hong Kong is witnessing a growth in responsible investing that takes into consideration environmental, social and governance (ESG) factors. Can it leverage its financial hub status to become a regiona... ( read original story ...)
Club Med’s owner Fosun Tourism prices Hong Kong IPO at bottom of price range amid market rout
China’s Fosun Tourism Group, operator of the Club Med holiday business, on Friday said it has raised US$428 million in its initial public offering (IPO), pricing shares at the bottom of a marketed ran... ( read original story ...)
With financial losses of HK$2.2 billion and more than 9,000 cyberattacks so far this year, Hong Kong finds itself a top target of hackers
In one such case, a Wan Chai woman was fleeced out of HK$180 million over four years. E-banking fraud is another common tech crime affecting residents. The Hong Kong Monetary Authority issued warnings ... ( read original story ...)
HSBC tightens e-wallet app security after PayMe breach allowed access to 20 accounts holding HK$100,000
HSBC has responded to an email scam in which 20 accounts were illegally accessed through its PayMe system by adding extra layers of security to the e-wallet app. On Friday, Hong Kong’s biggest bank sa... ( read original story ...)
HSBC responds to PayMe breach that cost customers HK$100,000 by tightening security for e-wallet app
HSBC has responded to an email scam that saw money stolen from customers using its PayMe system by adding extra layers of security to the e-wallet app. On Friday, Hong Kong’s biggest bank said users w... ( read original story ...)
Club Med’s Chinese owner Fosun Tourism raises $428 million in HK IPO
HONG KONG (Reuters) - China’s Fosun Tourism Group, operator of the Club Med holiday business, on Friday said it has raised $428 million in its initial public offering (IPO), pricing shares at the bott... ( read original story ...)