The HKMA also ordered the Hong Kong unit of the U.S. bank to have an independent external adviser prepare a report into whether its remedial measures were sufficient to address the “contraventions and ... ( read original story ...)
Hong Kong’s Insurance Party Keeps Rocking
Nisha Gopalan is a Bloomberg Opinion columnist covering deals and banking. She previously worked for the Wall Street Journal and Dow Jones as an editor and a reporter. ( read original story ...)
Hang Seng Bank spreads Christmas joy among schoolchildren at HKSKH Kowloon City Children and Youth Integrated Service Centre
Volunteers from a bank brought festive cheer to 50 primary school students when they visited them at a children’s centre in Kowloon. The visitors, from Hang Seng Bank, spread some Christmas joy among ... ( read original story ...)
As ‘Big Four’ move into legal sector, Hong Kong firms left to ponder independence, fair competition
Inroads into Hong Kong’s legal sector by EY, PwC, KPMG and Deloitte, the “Big Four” international accounting and audit firms, are raising questions about the future of rules governing the ownership of ... ( read original story ...)
HKMA tells HK to brace for volatility as ultra-low interest era ends
The Hong Kong Monetary Authority (HKMA), the city’s de facto central bank, raised its base interest rate by 25 basis points for the fourth time this year, closely following the footsteps of the U.S. F... ( read original story ...)
Hong Kong regains global IPO crown from New York in 2018 thanks to its listing reforms
The Hong Kong stock exchange reclaimed its crown as the No 1 IPO market in the world in 2018, beating last year’s winner New York, as listing reforms led to the highest fundraising in eight years, acc... ( read original story ...)
Bimain’s IPO Application in Doubt as Hong Kong Calls Crypto Industry ‘Immature’
Bitmain, the largest manufacturer of Bitcoin mining equipment, is experiencing something of a rough patch, as Hong Kong’s stock market overseers might be reluctant to approve the initial public ... ( read original story ...)
Banking stocks lead decline in Hong Kong after Federal Reserve defies expectations on rate increases next year
Hong Kong and China stocks fell on Thursday, in line with the declines seen across Asia, as investors were disappointed after the US Federal Reserve defied their expectations and raised interest rates ... ( read original story ...)
Bitmain IPO Suffers Major Setback as Hong Kong Regulator Declares Crypto Firms “Immature”
These are not the best of times indeed for Bitmain, the world’s largest manufacturer of bitcoin mining equipment as Hong Kong’s stock market regulator, HKEX has made it clear that it would not approve ... ( read original story ...)
Deutsche Bank in HK, Singapore sees exodus of investment bankers
Cost-cutting and sinking morale have caused some 50 people to leave in past six months: Sources HONG KONG • Deutsche Bank, the German lender that is struggling to enact a turnaround, has seen a surge ... ( read original story ...)
One less thing for Hong Kong homebuyers to worry about
Hong Kong, the world’s least affordable housing market, can be a depressing place for people trying to buy a home. But they can at least take comfort the city’s banks are taking it slow in the rate-hi... ( read original story ...)
Here’s One Less Thing for Hong Kong Homebuyers to Worry About
Hong Kong, the world’s least affordable housing market, can be a depressing place for people trying to buy a home. But they can at least take comfort the city’s banks are taking it slow in the rate-hi... ( read original story ...)
HSBC gets regulatory nod to sell Malaysia insurance unit stake to FWD
HONG KONG (Reuters) - HSBC Holdings’ (HSBA.L) Asia Pacific insurance unit has received regulatory approval to divest its 49 percent stake in the Malaysian life insurance joint venture to Hong ... ( read original story ...)
Hong Kong takes global IPO crown, looks to a quieter 2019
HONG KONG (Reuters) - A flurry of initial public offerings (IPOs) in Hong Kong propelled the financial center to first place for IPO volumes globally, but next year is unlikely to see as many big-tick... ( read original story ...)