The Hong Kong Monetary Authority, the region’s currency board and central bank, is set to launch a live blockchain-based trading platform in September. The banking project is backed by HSBC, Bank of C... ( read original story ...)
Jim Rogers-backed ITF to miss August deadline for virtual bank licence in Hong Kong
ITF, a fintech company backed by US veteran investor Jim Rogers, plans to apply for a virtual bank licence in Hong Kong, but will not rush to meet the first application deadline on August 31. The fint... ( read original story ...)
Allahabad Bank proposes to close its Hong Kong branch
Kolkata, July 20 (IANS) State-run lender Allahabad Bank on Friday said it proposes to close its branch in Hong Kong as a part of rationalisation of overseas operations. Incidentally, the Hong Kong Mon... ( read original story ...)
Allahabad Bank to close lone foreign branch in Hong Kong
State-owned Allahabad Bank today said it proposes to close its only foreign branch in Hong Kong as part of rationalisation of its overseas operations. State-owned Allahabad Bank today said it proposes ... ( read original story ...)
Allahabad Bank to close its foreign branch in Hong Kong
NEW DELHI: State-owned Allahabad Bank on Friday said it proposes to close its only foreign branch in Hong Kong as part of rationalisation of its overseas operations. In compliance with the government' ... ( read original story ...)
Bank staffer jailed 21 months for HK$1m theft
A former Bank of Communications staffer who pleaded guilty to a count of fraud at the District Court today has been sentenced to 21 months of imprisonment. Wong Wai-po, 29, was accused of stealing 200... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) Shares Down Slightly
Hong Kong shares fell slightly on Wednesday, with risk appetite curbed by renewed yuan weakness. The Hang Seng index fell 0.2 percent, to 28,117.42, while the China Enterprises Index lost 0.1 percent, ... ( read original story ...)
Hong Kong’s SFC fines HSBC arm US$1.2 million for misconduct in bond sales
Hong Kong’s Securities and Futures Commission has fined HSBC Broking Securities (Asia) HK$9.6 million (US$1.22 million) for misconduct in the firm’s sale of bonds in 2015 and 2016. The securities arm ... ( read original story ...)
One of the world’s major financial centers is about to shake up its banking sector
Hong Kong , long a global leader in banking and finance, is bracing for the arrival of so-called virtual banks — financial institutions without physical branches where all transactions are online. Aut... ( read original story ...)
UBS banker appeals HK regulatory action over China Forestry IPO: source
HONG KONG (Reuters) - A senior banker at UBS Group AG (UBSG.S) is appealing against Hong Kong regulatory sanctions for his role in the 2009 initial public offering (IPO) of timber company China Forest... ( read original story ...)
DBS Hong Kong kicks off “Live more, bank less” rebrand in HK with free ferry rides
DBS Hong Kong’s rebrand campaign “Live more, Bank less” has kicked off to showcase simple banking and promote the brand with a series of activities including free ferry rides in August. The campaign a... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) disruptions in global trade would pose risks
positives, but a sharp China growth slowdown would be a challenge. Hong Kong’s Hang Seng index lost 357.98 points or 1.25 percent to close at 28,181.68. Overall, the bias in prices is: Downwards. Note ... ( read original story ...)
STX’s Hong Kong IPO Could Come as Soon as August, Says Major Investor
A successful offering in Hong Kong would make STX the first U.S. entertainment company to be listed in the Asian financial center. STX Entertainment's long-planned Hong Kong IPO could come as soon as ... ( read original story ...)
Didi seeks $1.5 billion car services spinoff ahead of likely IPO: sources
HONG KONG (Reuters) - Chinese ride-hailing giant Didi Chuxing Technology Co Ltd is looking to spin off its car services unit in a deal worth up to $1.5 billion, ahead of its expected initial public of... ( read original story ...)