the wholly owned Hang Seng Bank unit that compiles and maintains the index. The makeover is a measure of how much Hong Kong’s role as a financial centre, and the composition of the city’s capital market, have changed over the past two decades since ... ( read original story ...)
Hang Seng Bank expands leave to increase competitiveness
Over half of Hang Seng Bank’s Hong Kong employees will see their annual leave allowance increase starting from January next year. The bank is granting around 4,500 of its 8,000 staff members more annual leave, with 60% of them gaining an extra four days. ( read original story ...)
Hong Kong stocks close up Wednesday led by Tencent and Chinese banks
Hong Kong stocks inched higher on Wednesday as shares in the tech and banking sectors advanced, led by Chinese online giant Tencent Holdings. The Hang Seng Index gained 0.86 ... Shares of China Construction Bank went up 2.15 per cent to HK$6.60, while ... ( read original story ...)
Hong Kong shares join global retreat, but end week up on solid earnings
Hong Kong shares finished down on Friday ... amid growing doubts over the Trump administration's ability to implement its economic agenda. The Hang Seng index fell 1.1 percent, to 27,047.57 points, while the China Enterprises Index lost 1.0 percent ... ( read original story ...)
Hong Kong shares fall on late profit taking
Hong Kong shares finished down on Tuesday, falling late in the session after profit-taking pressures overcame support from a strong performance in banking shares. The Hang Seng index fell ... for most of the trading day, bank stocks strengthened after ... ( read original story ...)
Hong Kong shares lower on profit taking; Tencent rises 1.9 pct
SHANGHAI, Aug 17 (Reuters) - Hong Kong shares closed slightly down on Thursday as profit-taking outweighed solid gains by gaming and social media firm Tencent after the company posted better-than-expected quarterly earnings. The Hang Seng index fell 0.2 ... ( read original story ...)
Hong Kong’s role in the yuan’s ongoing journey to achieve global prominence
As a finance professional working in Hong Kong for the past two decades, John Tan Ming-kiu never dreamed he would end up dealing with Beijing regulators, nurture a Taiwanese banking franchise, or see the dim sum bond market kick off. But the changes ... ( read original story ...)
BOC Hong Kong to launch mixed-asset fund amid bullish outlook on Chinese stocks and bonds
The asset management unit of Bank of China Hong Kong (BOCHK) said it will launch a China-themed mixed asset fund next week amid the bullish outlook for Chinese stocks and bonds. The BOCHK All Weather China Income Fund will invest 70 per cent in Chinese ... ( read original story ...)
Hong Kong regulator grins thanks to financial inclusion wins
The Hong Kong Monetary Authority (HKMA) is in a happy mood as the region’s financial inclusion initiatives are progressing well. Norman Chan, HKMA chief executive, visited three retail bank branches in northern Tin Shui Wai area of Hong Kong today (17 ... ( read original story ...)
HKMA’s Chief Executive visits bank branches to understand progress of implementation of financial inclusion initiatives (with photos)
The Chief Executive of the Hong Kong Monetary Authority (HKMA), Mr Norman Chan, visited three retail bank branches in northern Tin Shui Wai area today (August 17) to understand the situation of branch services from bank representatives and staff ... ( read original story ...)
Hong Kong insurer Asia Financial reports doubling of interim profit on investment gains
Asia Financial Holdings, which owns one of the largest general insurers in Hong Kong and is headed by the city’s executive council convenor Bernard Chan, reported a 105.5 per cent profit increase in the first half of the year. The company said on ... ( read original story ...)
What’s behind the success of satirical media in Hong Kong?
submitted draft listing documents to the Hong Kong Stock Exchange. The IPO application revealed that between 1 April 2016 and March 31, 2017 the company brought in HK$95 million in revenue — the majority of which originated from digital media ... ( read original story ...)
HSBC head of APAC digital products: here’s who I want to hire
Forget Google. HSBC’s Tamara van den Ban wants you to work in digital banking. http://news.efinancialcareers.com/hk-en/284288/dbs-technology-jobs-soh-siew-choo/ Forget Google. HSBC’s Tamara van den Ban wants more graduates in Asia to start careers in ... ( read original story ...)
Hong Kong profits tax reform to go before Legco by second half of 2018, financial services chief says
Hong Kong could see its first major profits tax reform aimed at easing the burden on smaller businesses take effect in the second half of next year, the financial services and treasury bureau chief said on Wednesday. James Lau said the overall economic ... ( read original story ...)