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 ...)
Acting Hong Kong finance chief deflects talk Beijing won’t elevate him to succeed John Tsang
Hong Kong’s acting financial minister described himself as a team player willing to do whatever necessary to coordinate the government’s work amid speculation Beijing could appoint the city’s development minister as financial chief as early as this ... ( 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 ...)
The importance of being possessive: A run-in with Hang Seng Bank
Personally I have for many years been a customer of the bank with gay lions. But the band banks at the Hang Seng, so while I was in Shatin ... The name on the cheque was “Hong Kong Saint Andrews Pipe Band”, which is our name, or so I supposed. ( 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 ...)
Le Pen's currency proposal not "credible", says Luxembourg finance minister
Speaking to Reuters during a visit to Hong Kong, Finance Minister Pierre Gramegna said the euro had been strengthened by a series of crises in the European Union, including the Greek sovereign debt crisis. He said improving fiscal conditions among euro ... ( read original story ...)
BRIEF-Hong Kong Finance Group says unit HK Finance enters into loan agreement
* Loan agreement was entered into between HK Finance as lender and customer a as borrower * HK Finance to grant secured loan in principal amount of approximately hk$33.3 million to customer Source text for Eikon: Further company coverage: Next In Financials ( read original story ...)
Hong Kong’s SFC Warns of Yet Another Unlicensed Brokerage
The Securities and Futures Commission (SFC), Hong Kong’s main financial services watchdog, today updated its Alert List with the addition of another brokerage after it was found to be offering its services to the public without being authorised to do so. ( read original story ...)
Hong Kong's delivery startup Lalamove eyes IPO in two years
HONG KONG -- Hong Kong-based Lalamove has introduced a new motorbike service in the territory as the delivery startup plays catch-up with rivals ahead of a proposed initial public offering in the next two years. Dubbed "Uber for logistics," Lalamove is a ... ( read original story ...)
HSBC risks losing advantage with year-long delay in Chinese banking push
A spokesman for HSBC in Hong Kong said the bank continues to seek the required approval, declining to comment on the timing. The proposed HSBC-Qianhai firm would be able to trade as well as underwrite stocks and bonds for Chinese firms, unlike foreign ... ( read original story ...)
Hong Kong consumers open to robots in retail financial services, says survey
A high percentage of Hong Kong consumers are willing to accept the use of robots – computer-generated advice and services – for their banking, insurance and retirement planning needs in future, according to a new survey by Accenture. The global ... ( read original story ...)
Hang Seng Index (IndexHangSeng:HSI) Hong Kong HEFFX Trading Outlook
HANG SENG INDEX closed up 190.500 at 22,935.350 ... currently bullish on .HSI and have had this outlook for the last 2 periods. HEFFX Candlesticks Hong Kong A white body occurred (because prices closed higher than they opened). During the past 10 bars ... ( read original story ...)
Hang Seng Hits 1-Month High, Dollar Retreat Provides Support
PPI data continued to lessen the threat of exported deflation, while a lower CPI rate dampened concerns over higher People’s Bank of China interest rates. There was a slightly weaker dollar trend, which provided net support to Hong Kong stocks ... ( read original story ...)