Hong Kong Regulator Sues Standard Chartered, UBS Over Timber IPO

Hong Kong’s securities regulator has filed a lawsuit against Standard Chartered Plc, UBS Group AG and audit firm KPMG LLP over an initial public offering by China Forestry Holdings Co. in 2009. The Securities and Futures Commission’s claim relates to ... ( read original story ...)

Singapore Overtakes Hong Kong as Asia’s Top Financial Hub

Singapore has overtaken Hong Kong as the top financial hub in Asia, according to Z/Yen Group’s Global Financial Centers Index (GFCI). Hong Kong slipped to fourth place overall, while Singapore now only trails London and New York globally. Although the ... ( read original story ...)

HK investment banks brace for shocks as competition intensifies

Competition is intensifying for investment banks in Hong Kong with global economic uncertainty shadowing one of the world’s largest initial public offering (IPO) markets, an executive at a state-owned investment bank says. Although the city was ranked ... ( read original story ...)

HSBC To Take On Jetco In P2P Mobile Payments

HSBC is gearing up to take on Hong Kong P2P mobile payment company Jetco, launching its own P2P mobile payment app. According to a report, HSBC has a holding page online that invites cardholders to sign up for the payment service. HSBC is enticing ... ( read original story ...)

Hong Kong's Green Finance Bonanza

History will remember the 2016 G20 Hangzhou Summit for signaling a new phase in China’s aspiration to take on a leadership role on climate issues. Beijing’s keen interest in promoting green finance as a cornerstone of the Chinese environmental ... ( read original story ...)