Reading this without ever being to China, you would lump Hong Kong and China as the same place.I admit, that is what I did before I first landed in Hong Kong airport in 2007. There are massive differences between Mainland China and Hong Kong. Today I’m ... ( read original story ...)
Hong Kong’s historic old Bank of China building set for new life as private bank headquarters
Bank of China (Hong Kong) will convert its current historical old Bank of China building in Central into regional headquarters for its private banking unit as it expand services to capture the business of the growing number of mainland millionaires. ( read original story ...)
Fitch Assigns Final 'A' to BOC Hong Kong Branch's USD Notes
(The following statement was released by the rating agency) TAIPEI/HONG KONG, February 13 (Fitch) Fitch Ratings has assigned Bank of China Ltd. (BOC) Hong Kong Branch's senior unsecured notes issued under its medium-term note (MTN) programme a final rating ... ( read original story ...)
Exclusive: IS Prime Expands Operations into Hong Kong
IS Prime is expanding into Hong Kong through the opening of an IS Prime Hong Kong Ltd office, Finance Magnates confirmed with a company spokesperson. The new office, based in the Sheung Wan commercial district, will be fully operational by the end of February. ( read original story ...)
Hong Kong, Shanghai stocks extend rally led by financials, car makers
Hong Kong and Shanghai stocks scored their highest finishes in months on Monday after the three major US indices marched further into record territory last week on US President Donald Trump’s promise of a “phenomenal” tax plan. Hong Kong’s Hang ... ( read original story ...)
Trump’s gestures towards China, international fund inflows boost Hong Kong market turnover
The rally in Hong Kong’s stock market and the increase in turnover for the week ending February 10 are likely to continue until the end of the first quarter due to an expected increase in international fund flows after a thawing of the relationship ... ( read original story ...)
New financial chief promises budget surplus will benefit all Hongkongers
So, whoever is the financial secretary, we can’t expect a drastic departure from the long-standing practice,” Chong said, referring to comments that Tsang’s fiscal philosophy was too conservative. Hong Kong’s public coffers offer a golden ... ( read original story ...)
China lays out new path for cornerstones to HK IPOs
Cornerstone investors taking up huge chunks of Hong Kong IPOs have caused much controversy in recent years, but that looks set to change. China’s foreign exchange regulator has provided a new route for investing in the city’s listings, which is ... ( read original story ...)
Snap's US IPO offers lessons for HKEx
While Asia's equity capital markets start the year slowly, envious eyes are being cast across the globe, as New York prepares for a multibillion-dollar IPO from Snap. Based on its initial fundraising target of $3 billion, Snap promises to be the biggest US ... ( read original story ...)
Ashurst strengthens Greater China practice
PH specialises in Hong Kong listing work, including Hong Kong IPOs, secondary offerings and post-listing compliance, with a particular focus on Chinese state-owned enterprises. PH has over 20 years of experience, a market-leading reputation, and is ranked ... ( read original story ...)
I ‘failed’ in fintech, but now I’m working weekends to get back in
My first taste of Hong Kong fintech ended in failure and forced me back to a big bank. But now I’m spending all my spare time trying to return to fintech. http://news.efinancialcareers.com/hk-en/270238/tech-trends-asian-finance-2017/ Medhy Souidi had ... ( read original story ...)
Does Hong Kong Marathon’s surge in popularity since 1997 reflect city’s changing attitude to sport?
That was 1996 and to hear Hung recount the tale in the same office on the 32nd floor of the bank’s HQ in Central, sport was something of a mystery to the people of Hong Kong “with the exception of horse racing and mahjong”. A lot has changed since ... ( read original story ...)
Businessmen jumpy after Chinese tycoon's disappearance from HK
A report on China's private wealth market, conducted jointly by China Merchants Bank and Bain & Company in mid 2015, found 71 percent of about 2,800 Chinese high-net-worth individuals chose Hong Kong as their favourite offshore investment destination. ( read original story ...)
In Hong Kong, the world’s priciest home market, attempts to rein in prices are backfiring
A gauge of Hong Kong developers’ stocks has risen 12.3 per cent this ... said Raymond Yeung, Australia & New Zealand Banking Group Ltd.’s chief economist for greater China. Transactions have fallen by more than half since the new tax, from 6,739 ... ( read original story ...)