Financial technology experts are calling for better regulations in China and Hong Kong to help the industry thrive, especially since existing laws still lag behind the pace of innovation and technology. China, which is home to companies operating mobile ... ( read original story ...)
Seven Hong Kong policemen jailed for assault on democracy activist
HONG KONG A Hong Kong court sentenced seven policemen to two years jail on Friday for beating a handcuffed pro-democracy activist during mass democracy protests in 2014, a rare case of police brutality in the financial hub that triggered public outrage. ( read original story ...)
Hong Kong’s Hang Seng Index closes just short of 24,000, with turnover above HK$110bn
Hong Kong’s benchmark Hang Seng Index briefly breached 24,000 on Wednesday for the ... Leading the gains were Chinese banks, with Agricultural Bank of China (ABC) surging 6.1 per cent, China Construction Bank (CCB) gaining 5 per cent, Bank of China ... ( read original story ...)
Hong Kong police struggle to stop brokerage hacking spree
Hong Kong is a favored place for such attacks because of the number of thinly-traded penny stocks in the territory and because its securities industry has fallen behind other financial centers in defending against cyber fraud. At least seven brokers and ... ( read original story ...)
Hong Kong police guilty over attack on democracy protester
Seven Hong Kong police officers were found guilty Tuesday of assaulting a protester during pro-democracy rallies in 2014, in an attack that was captured on film and beamed around the world. All seven were convicted of assault causing actual bodily harm to ... ( read original story ...)
Hong Kong takes aim at middlemen in wake of Panama Papers scandal
HONG KONG Hong Kong is beefing up its anti-money laundering and corporate disclosure laws in a move that some financial crime specialists say could lead to the exodus of billions of dollars in assets from the territory as people seek to avoid increased ... ( read original story ...)
Hong Kong and China: The Differences Investors Need to Know
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 ...)