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 ...)
Fosun Tourism Raises $426 Million in Hong Kong IPO
Fosun Tourism Group, a unit of billionaire Guo Guangchang’s drugs-to-insurance conglomerate, raised HK$3.34 billion ($426 million) after pricing its Hong Kong initial public offering at the bottom of ... ( read original story ...)
HSBC deploys dementia specialist staff in Hong Kong amid rapidly ageing population
HSBC has become the first bank in Hong Kong to deploy staff with specialist knowledge in dementia to help sufferers overcome difficulties managing their finances. The move comes after a survey found m... ( read original story ...)
HSBC deploys dementia specialist staff in Hong Kong amid rapidly greying population
HSBC has become the first bank in Hong Kong to deploy staff with specialist knowledge in dementia to help sufferers overcome difficulties managing their finances. The move comes after a survey found m... ( read original story ...)
Hong Kong interbank rates nearing 2008 highs as HKD rises
Market expectations that the U.S. Federal Reserves will hike rates this month have also been a big reason for the spike in Hibor, said Linan Liu, a Hong Kong-based rates strategist at Deutsche Bank. H... ( read original story ...)
Asian Banker names BOC among top 500 Strongest and Largest Banks in Asia Pacific Region for 2018
Citi Bank (Hong Kong), Commonwealth Bank of Australia, ANZ Bank of New Zealand and many others. “With this latest ranking BOC has set an unparalleled benchmark in the Sri Lankan banking industry as th... ( read original story ...)
Futures on Rise Wednesday ahead of BoC Decision
while in Hong Kong, the Hang Seng index tumbled 1.6% Oil prices gained $1.02 to $53.97 U.S. a barrel. Gold prices added $5.50 to $1,245.10 U.S. an ounce. On Wednesday, U.S. equity, option and fixed in... ( read original story ...)
Win Streak Expected To End For Hong Kong Stock Market
BOC Hong Kong advanced 0.80 percent, Sands China skidded 0.66 percent, WH Group dropped 0.63 percent, China Life Insurance shed 0.57 percent, New World Development added 0.56 percent, China Mobile gai... ( read original story ...)
HSBC China securities JV to quadruple China research coverage
HONG KONG (Reuters) - HSBC (HSBA.L) plans to quadruple the number of mainland Chinese companies covered by research from its China joint venture over the next two years as it seeks to take ... ( read original story ...)