Hongkong and Shanghai Banking Corporation is expected to launch a mobile wallet next week to take part in the emerging P2P payment market, local media reports.PayMe from HSBC, the P2P mobile app that could bundle a Visa or MasterCard credit card ... ( read original story ...)
Year of the Rooster promises financial gain, but beware of market volatility
Wong said this year would be good for the financial sector, including gold, forex trading and stocks, with the Hang Seng Index expected to trade between the 20,000 to 25,000 level. The Year of the Monkey was a good year for the Hong Kong stock market ... ( read original story ...)
Chinese financial firms grab bigger share of Hong Kong IPO deals
Foreign investment banks are facing more difficulties in winning initial public offering deals in Hong Kong amid the rise of smaller mainland Chinese and local rivals as well as the scarcity of big IPOs in the city. In 2016, Morgan Stanley saw its number ... ( read original story ...)
The Hong Kong Of The Future: Merging Finance, Electronics And Healthtech
What should Hong Kong be? The question of the city’s strategy was underlying discussions on fintech, smart cities and the future of health during its week-long StartMeUp Innovation Festival. Competition from Shenzhen Hong Kong is generally seen as a ... ( read original story ...)
BRIEF-HongKong Chinese Ltd enters into letter of exclusivity with Cosenza Investments
Jan 25 Hongkong Chinese Ltd : * HKC and Norfyork International ... Further company coverage: Next In Financials ( read original story ...)
Former Finance Chief Pledges Softer Touch in Bid to Run Hong Kong
Hong Kong’s former financial chief John Tsang, who is vying for the city’s top job, said his ability to reach out across political divides make him better suited to run the Asian financial hub than his ex-boss or chief rival. Tsang, 65, resigned as ... ( read original story ...)
HK banking sector profits grow 8.7pc in 2016 but officials still advise caution
Hong Kong’s banking industry grew its overall profits last year, according to official figures, though the regulator warned of a more challenging environment for the rest of this year. The Hong Kong Monetary Authority (HKMA), the city’s de facto ... ( read original story ...)
Hong Kong bourse eyes new market in fight with Singapore over IPOs
HONG KONG -- Amid fierce competition to lure technology companies to list in Hong Kong, the city's only stock exchange is considering launching a new board under a "weighted voting rights" structure, a controversial stock model that its regulator firmly ... ( read original story ...)
HSBC closes 62 more UK branches, but all Hong Kong outlets to stay open
But in a divergence of strategies between two of its most significant retail banking markets, the bank said it had no such plans in Hong Kong. “While individual branches relocate from time-to-time, there is no programme of closures in Hong Kong ... ( read original story ...)
Hong Kong IPOs: bleaker than ever
The performance of Hong Kong’s IPO market in the past year has left a sour taste in the mouth of many international investors, with numerous high profile stocks, including Cofco Meat Holdings and Hebei Yichen Industrial Group, tanking following their debut. ( read original story ...)
Hong Kong startup Neat approves prepaid cards through facial recognition
Hong Kong startup Neat recently launched prepaid credit cards that ... limited or no credit history who can’t get approved for a credit card from traditional financial institutions. “We are targeting the millennial demographic, students or young ... ( read original story ...)
DFSA deepens ties with Hong Kong and Asia
... by the Hong Kong Special Administrative Region Government and the Hong Kong Trade Development Council, bringing together some of the most influential members of the global financial and business community under the theme of “Asia: Driving Change ... ( read original story ...)
10th Asian Financial Forum Opens in Hong Kong
HONG KONG, Jan 16, 2017 - (JCN Newswire) - The 10th edition of the Asian Financial Forum (AFF), co-organised by the Hong Kong Special Administrative Region (HKSAR) Government and the Hong Kong Trade Development Council (HKTDC), opened today at the Hong ... ( read original story ...)
The best Hong Kong universities for getting a job at Citi, HSBC and Stan Chart
Where should you study if you want to get into Citi, HSBC or Standard Chartered in Hong Kong? http://news.efinancialcareers.com/hk-en/271629/headhunted-asian-banking/ Citi, HSBC and Standard Chartered are among the largest recruiters of graduates in the ... ( read original story ...)