BEIJING (Reuters) - China Huarong Asset Management Co Ltd (2799.HK) is set to be helmed by a senior bank regulatory official, who will replace the current chairman under investigation for alleged corruption, two people with knowledge of the matter told ... ( read original story ...)
BOC Hong Kong : Notice of 2018 Annual General Meeting
Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this notice, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any ... ( read original story ...)
BOC Hong Kong : Proxy Form for 2018 Annual General Meeting
of to act as my/our proxy to attend and vote for me/us and on my/our behalf at the annual general meeting (the ''AGM'') of the Company to be held at Grand Ballroom, The Lobby Floor, Grand Hyatt Hong Kong, 1 Harbour Road, Wan Chai, Hong Kong on Wednesday ... ( read original story ...)
Bank of Singapore to double wealth management staff in Hong Kong to cater to China’s rich
Bank of Singapore, the private banking arm of Singapore’s second-biggest lender OCBC, plans to double its staff in Hong Kong as it eyes wealth management business from China’s growing number of millionaires and billionaires, according to the bank’s ... ( read original story ...)
Industrial Securities eyes Hong Kong IPO to bolster financial strength
Industrial Securities, a mid-sized mainland brokerage based in Fujian province, is studying a plan to list shares in Hong Kong to enlarge its capital base following a private share placement to raise 8 billion yuan (US$1.27 billion) on the mainland stock ... ( read original story ...)
Hong Kong’s small-cap IPO frenzy finds new gear
What do an eye clinic operator, a satirical magazine publisher and a bubble tea maker have in common? They all had eye-popping initial public offerings on the Hong Kong stock exchange, as retail investors sent their shares soaring. In recent months ... ( read original story ...)
Hong Kong Exchanges and Clearing : Exchange Updates Guidance Letter on IPO Vetting and Suitability for Listing
The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges and Clearing Limited (HKEX), today (Friday) published an updated Guidance Letter on IPO* Vetting and Suitability for Listing - HKEX-GL68-13A (GL68-13A). ( read original story ...)
Blockchain Motor Insurance Trial Moves Ahead in Hong Kong
The Hong Kong Federation of Insurers (HKFI), a financial industry self-regulator, is developing a blockchain powered platform for the city's motor insurance. During a speech at the HKFI's Annual Reception event, James Lau, the Secretary for Hong Kong's ... ( read original story ...)
HKMA intervenes as Hong Kong dollar hits weak end of trading band
HONG KONG (Reuters) - Hong Kong’s central bank intervened in the market for the first time since 2015 after its currency hit the weaker end of its trading range, nudging up a key lending rate that could push borrowing costs higher. “I reiterate that ... ( read original story ...)
Hong Kong Monetary Authority steps in to prop up currency as dollar falls to 35-year low
Hong Kong’s de facto central bank, the Hong Kong Monetary Authority (HKMA), triggered the weak-side convertibility undertaking by selling US dollars late on Thursday evening after the Hong Kong dollar deteriorated to 7.8500 per US dollar, its weakest ... ( read original story ...)
Fraudulent websites related to Hang Seng Bank, Limited
The Hong Kong Monetary Authority (HKMA) today (April 13) wishes to alert members of the public to a press release issued by Hang Seng Bank, Limited on fraudulent website, which has been reported to the HKMA. Hyperlink to the press release is available on ... ( read original story ...)
Hong Kong Monetary Authority Defends Currency’s Dollar Peg for Second Time This Week
Hong Kong’s de facto central bank said it bought 2.44 billion Hong Kong dollars and sold US$311 million early in the day, in order to prevent the financial hub’s currency from weakening beyond its permitted trading range. The HKMA allows the Hong Kong ... ( read original story ...)
Unravelling PNB rot: Hong Kong module in over Rs 13,000 cr scam comes under India scanner
New Delhi: Investigators in the Punjab National Bank (PNB) scam have questioned many auditors in the country and have now zeroed in on a cobweb of Hong Kong-based book-keepers who audit all Indian banks in the special administrative region of the China. ( read original story ...)
Why Hong Kong’s Dull Dollar Has Investors Excited: QuickTake
Pegged to the U.S. dollar since 1983, most of the time the Hong Kong dollar is the dullest currency around. But this past year has been different: It has been falling and falling until in April it finally breached the point at which the central bank must ... ( read original story ...)