The Hong Kong Monetary Authority is expected to issue the city’s first virtual bank license during the first quarter. As of August 31, the authority had received 29 applications to operate virtual ban... ( read original story ...)
Three Filipinos face charges over fake ID for bank accounts
Three Filipinos, who claimed they were enticed with a free trip to Hong Kong, now face charges of using a false document when they tried to open bank accounts. The three Filipinos – Enrique V, Ryan S ... ( read original story ...)
The boutique bank now hiring from Goldman, JP Morgan in Hong Kong
The Hong Kong branch of Jefferies has taken on senior equity sales-trader Maya Frommer from Goldman Sachs. The hire, which comes just three months after Jefferies recruited two Hong Kong-based JP ... ( read original story ...)
Three men on the run in Hong Kong after forcing victim to hand over bank card and withdrawing HK$38,000
Police have launched a citywide search for three male suspects who allegedly forced a Hong Kong man to hand over his bank card and reveal his PIN in a Mong Kok hotel room in the early hours of Tuesday ... ( read original story ...)
Access Bank to expand to 3 African countries this year
Etuokwu then went on to highlight the bank’s expansion plans. “We are in 15 countries. Before the MIDDLE of this month, we will be in three more countries in Africa. Before June end hopefully, we will ... ( read original story ...)
JETCO launches open banking API exchange
Hong Kong-based cross-bank ATM service Joint Electronic Tellers Services (JETCO) has launched its JETCO APIX exchange platform. The platform provides access to over 200 APIs from 13 banks. The APIs in... ( read original story ...)
Hong Kong holds 12th Asian Financial Forum to discuss economic opportunities, challenges
Hong Kong Special Administrative Region (SAR) Chief Executive Carrie Lam delivers an opening speech at the 12th Asian Financial Forum(AFF) in Hong Kong, south China, Jan. 14, 2019. The forum opened in ... ( read original story ...)
Sinopec Wins Cabinet Approval for IPO of Retail Unit
Plans for the potential IPO are still at an early stage, and details including size could change, the people said. The company would still need to seek listing approval from the Hong Kong stock exchan... ( read original story ...)
UBS named best private bank in Asia Pacific and Hong Kong for 2018
HONG KONG, Jan. 14, 2019 /PRNewswire/ -- Markets bit back in 2018, asking searching questions of Asia's private banking and wealth management industry following a rosy run in 2017. Asian Private ... ( read original story ...)
Mongolian state coal miner chooses Hong Kong for USD 3 billion IPO
Nikkei Asian reported that Mongolian state company controlling one of the world's largest coal mines plans to raise up to USD 3 billion in a public stock offering in Hong Kong this year. ( read original story ...)
Hong Kong’s ‘Orderly’ Home-Price Declines Welcomed by Finance Chief
Hong Kong’s finance chief welcomed the city’s decline in home prices since August and said that officials have no plans to relax housing market curbs. “We are glad to see that the property market is c... ( read original story ...)
The re-returnees: They came to Hong Kong for the hustle. Now, with China encroaching, they’re coming back to Canada
Hong Kong’s participation in China’s economic rise has helped make the city wealthy. But it has also made Mandarin an increasingly important language for those in business and banking, tilting advanta... ( read original story ...)
Hang Seng Bank’s Alan Luk Believes Trust and Relationships are Keys to Success
The value proposition that Hang Seng Bank represents has special appeal to Hong Kong-based, Chinese, first- or second-generation HNWI investors, according to Luk. “For these customers, reputation is e... ( read original story ...)
Investing for good? It’s age and not income that counts, say findings from Hong Kong’s investment funds body
It is not how much you make, but how old you are that determines your appetite for sustainable investing, according to a survey by the Hong Kong Investment Funds Association released on Sunday. Nearly ... ( read original story ...)