The first high-rise in the city was the Hongkong and Shanghai Banking Corporation’s Main Building which opened in 1935. At 70 metres, it was Hong Kong’s tallest building for years but by the 1970s it had outlived its usefulness as the bank needed more ... ( read original story ...)
Prudential joins digital bandwagon, set to offer paperless insurance claims in Hong Kong
Prudential’s Hong Kong arm will offer paperless insurance claims process for its clients in Hong Kong from Tuesday, joining a wave of insurers to go digital this year. The move to expand its digital platform forms part of the British insurer’s global ... ( read original story ...)
New Hongkong to Manila flights serve increasing traveler demand from Philippines
The new Hongkong Airlines daily flight service to Manila is addressing ... Manila is the business and commercial centre of the Philippines with key industries such as banking and finance, retail, transportation, tourism, and real estate. ( read original story ...)
Hong Kong: The Next Generation won’t wait for banks
TNG is directly licensed and regulated in five places: Hong Kong, Singapore, Malaysia, Indonesia and the UK. Kong says TNG has applied for a virtual bank licence in Hong Kong and the UK, which would allow it to extend loans. That would mean it can enter ... ( read original story ...)
7 New York City London and Hong Kong are Financial Hubs – Ryan van wagenen
The top 3 financial hubs in the world are London, New York, and Hong Kong. Here’s why. London is the number one financial hub in the world. It is home to one of the world’s oldest and most prominent central banks – the Bank of England. London has bec ... ( read original story ...)
The real reason why aspiring expats don’t land banking jobs in Asia
“Candidates often tell me they are looking to get any banking job – just to make the move to Asia ... Saying that “either Dubai or Hong Kong will do” will doom your candidacy – banks want you to show commitment to the country and to the ... ( read original story ...)
Goldman Sachs hires Cai Wei as co-head of China investment banking
HONG KONG (Reuters) - Goldman Sachs (GS.N) has hired Cai Wei as partner and co-head of its China investment banking division, it said in an internal memo, which was confirmed by a Goldman Sachs spokeswoman. This is the first time Goldman Sachs has hired a ... ( read original story ...)
China people & markets round-up: HK regulator wants Insurance Connect, RMB back to fifth place in payments race, DBS gearing up for onshore JV
Th e authority wants mainland residents who bought insurance policies in Hong Kong to be able to pay their premiums and make claims from China. Cheng said he has discussed the idea with officials at the China Banking and Insurance Regulatory Commission and ... ( read original story ...)
IPO crown eludes Hong Kong as Xiaomi does not live up to its blockbuster billing
Hong Kong stock exchange’s listing reform helped to boost the amount of funds raised from IPOs by 78 per cent to a three-year-high in the first half, but that was still not enough to topple New York from the top global IPO spot, according to data from ... ( read original story ...)
China’s Xiaomi raises $4.72 billion after pricing Hong Kong IPO at bottom of range – sources
HONG KONG (Reuters/IFR) - China’s Xiaomi Corp priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said on Friday. ( read original story ...)
Xiaomi’s shrinking IPO shows tougher climate for China tech
Xiaomi's big Hong Kong IPO is shrinking. The Chinese smartphone maker is set to raise about 36 billion Hong Kong dollars ($4.7 billion) after pricing its public offering at the bottom of the planned range, a person familiar with the IPO told CNNMoney. ( read original story ...)
China’s Xiaomi raises $4.72 billion after pricing HK IPO at bottom of range: sources
HONG KONG (Reuters/IFR) - China’s Xiaomi Corp (1810.HK) priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said ... ( read original story ...)
PNB fraud: Hong Kong banking regulator cracks down on Indian lenders operating in the SAR over suspected irregularities
New Delhi: After Firstpost exposed irregularities in the operations of Indian public sector banks in Hong Kong, the banking regulator in the Special Administrative Region (SAR) of China has initiated a clean-up operation by subjecting banks to rigourous ... ( read original story ...)
China’s Xiaomi prices HK IPO at bottom of range, raises $4.72 billion: sources
HONG KONG (Reuters/IFR) - China’s Xiaomi Corp (1810.HK) priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest tech float in four years, people close to the transaction said ... ( read original story ...)