"We’ve had a good beginning to a long journey," said Larry Hu, a Hong Kong-based economist at Macquarie Securities Ltd. "Some components of shadow banking are shrinking and interbank leverage has started to drop. But we are far from the stage where we ... ( read original story ...)
HKMA and InvestHK host seminar on “Guangdong-Hong Kong-Macao Bay Area – New Opportunities arising from Overseas Treasury Management”
Senior representatives from the HKMA, Bank of China (Hong Kong) and Deloitte introduced Hong Kong’s CTC tax regime, the “Pilot Bond Grant Scheme” and the “Green Bond Grant Scheme”, as well as shared insights on various areas including market ... ( read original story ...)
Ingenious Artificial Intelligence Solutions Unveiled at BMO Private Bank’s Hong Kong Technology Showcase, ‘Innovations for a Better World’
HONG KONG, May 29, 2018 - (Media OutReach) - Bank of Montreal (BMO), a Canadian financial services leader for more than 200 years, hosted Artificial Intelligence (AI) and tech professionals from Canada and Hong Kong to unveil innovative AI technology and ... ( read original story ...)
New Development Bank eyes bond connect scheme for 5 billion yuan debt sale
are pitched as alternatives to established global institutions such as the World Bank. Bond Connect, a mutual market-access scheme launched in July last year, allows investors in Hong Kong to put money into the mainland’s interbank bond market. ( read original story ...)
Royal Bank Of Canada Becomes Latest Business To Refer To Taiwan As Part Of China
Royal Bank of Canada has become the latest Canadian business to ... Maps of China must also include Taiwan, Macau, and Hong Kong, and all regions must be depicted in the same colour, according to the letter obtained by The Washington Post. ( read original story ...)
Royal Bank joins Air Canada in labeling Taiwan as part of China
The bank’s designation is coming to light after a similar move ... on April 25 to 36 air carriers that “demanded” they change the reference of Taiwan, Hong Kong and Macao to “fall in line with the Communist Party’s standards,” according to ... ( read original story ...)
Great Eagle Holdings co-founder tells Hong Kong court HSBC International Trustee favours her third son in family dispute
A feud that split one of Hong Kong’s richest real estate clans unfolded in the High Court on Tuesday, with a unit of the city’s largest bank embroiled in accusations that it had favoured one side of the family. The battle stems from a lawsuit filed two ... ( read original story ...)
Pressure on Hong Kong to Scrap Currency Peg
If only Chief Executive Carrie Lam and Norman Chan, who heads Hong Kong’s de facto central bank, spent as much time and resources addressing worsening inequality and social mobility. The falling Hong Kong dollar is a distraction—more symptom than cause ... ( read original story ...)
New Chinese plans are raising questions about Hong Kong’s IPO prominence
China is laying the groundwork for China Depository Receipts, allowing major firms to issue a type of secondary listing in the mainland. Some are worried that could negatively affect the Hong Kong IPO market, but experts said it's unlikely to have a major ... ( read original story ...)
Finance chief Paul Chan wants Hong Kong to mirror success of Guizhou, one of China’s poorest provinces
Two of Hong Kong’s top ministers vowed to turn the city into China’s premier financial and technology centre, in the same way that mainland cities such as Shenzhen and Guiyang have succeeded in transforming themselves into the country’s innovation ... ( read original story ...)
HSBC Can Feast on Deutsche Bank’s Pain
Tellingly, Hossein Zaimi, named by HSBC to run its global equities business last year, is based in Hong Kong and not London, the location of his predecessor. Two of the bank’s five biggest and fastest-growing markets — Hong Kong and China — are ... ( read original story ...)
HSBC raises deposit rates
Janice HuangHSBC (0005) will increase both Hong Kong dollar and US dollar time deposit rates.On Hong Kong dollar time deposit rates, HSBC is to raise the six-month rate from up to 1.35 percent a year to up to 1.6 percent a year and 12-month rate from up to ... ( read original story ...)
Seabelo Senatla rejoins Blitzboks after Hong Kong Super Rugby dalliance but Fiji still look like Sevens World Series champions
South Africa have turned to their all-time top try scorer as they look to resurrect a season on the slide in the HSBC Sevens World Series ... in the first Super Rugby match to be played in Hong Kong, sevens superstar Seabelo Senatla is back in the ... ( read original story ...)
Hong Kong Sevens wizard Seabelo Senatla to cast a spell over Sunwolves in city’s first Super Rugby clash
He’s spent years tearing up the Cathay Pacific/HSBC Hong Kong Sevens with the Blitzboks and now scintillating winger Seabelo Senatla is out to give the city’s first Super Rugby game a carnival feel. Long one of the key components of South Africa’s ... ( read original story ...)