Bangladesh Bank rejects City request to set up subsidiary in HK

DHAKA: Bangladesh Bank has declined to give City Bank the permission to set up a subsidiary company in Hong Kong given the declining imports from the Asian nation. The private bank in its application in October last year said it would provide trade ... ( read original story ...)

Hong Kong-listed China shares hit two-year high, led by banks

Hong Kong & China Ga (HOKCF) is on trader's radar as the shares ... indicator used to describe if a market is trending or not trending. China's central bank on Saturday cut the amount of cash that some banks must hold as reserves for the first time since ... ( read original story ...)

World Bank raises Asia growth forecast, warns of NKorea risk

HONG KONG (AP) — The World Bank raised its growth forecast for the developing economies of East Asia and the Pacific on Wednesday but warned that risks included rising protectionism and escalating tensions over North Korea. In an update to its annual ... ( read original story ...)

Fraudulent website related to Hang Seng Bank, Limited

The Hong Kong Monetary Authority (HKMA) wishes to alert members of the public to a press release issued by Hang Seng Bank, Limited on a fraudulent website, which has been reported to the HKMA. Hyperlink to the press release is available on the HKMA website ... ( read original story ...)