How Hong Kong banking employees are mortgaging their life away

It is nothing new for banks in Hong Kong to offer staff mortgages at a below the market interest rate to assist employees to buy property. With the raging property prices, this benefit has never been more significant to banking employees. A friend of mine ... ( read original story ...)

Building program drove trade deficit wider in Feb. — HSBC

THE trade deficit likely widened further in February as imports continue to outpace the growth in outbound shipments, Hongkong and Shanghai Banking Corp. (HSBC) said, owing to a greater need for raw materials as the Philippines takes on increased ... ( read original story ...)

Fiji take fourth consecutive title in Hong Kong

Fiji secured their fourth consecutive title at the Cathay Pacific/HSBC Hong Kong Sevens after they beat Kenya 24-12. In a repeat of last month's final in Vancouver, Fiji ran in four tries to move within just three points of series leaders South Africa in ... ( read original story ...)

Wide Open Cathay Pacific / HSBC Hong Kong Sevens Set for Kick-Off

The Hong Kong Rugby Union (HKRU) counted down to the kick-off of what is shaping up as one of the most wide open Cathay Pacific/HSBC Hong Kong Sevens in years with Wednesday's Captains Photo and Coaches Press Conference ahead of the tournament start on Friday. ( read original story ...)

Hang Seng closes up 326 points

Stocks in Hong Kong rebounded on Friday despite declines in regional ... HSBC Holdings (0005) rose 0.90 percent to HK$73.05 and its subsidiary, Hang Seng Bank (0011), surged 2.79 percent, or HK$5.00, to HK$184.00. Apple suppliers were among the top blue ... ( read original story ...)

US company duped into sending US$3 million to Hong Kong account

An email scammer duped an American company into transferring US$3 million (HK$23.5 million) to a Hong Kong bank account last month, police sources revealed on Thursday, as the amount of money in cases handled by the force’s anti-fraud team surged to ... ( read original story ...)