HSBC said on Monday that John Flint had abruptly stepped down ... Quinn previously served as regional head of commercial banking for Asia-Pacific out of Hong Kong. “I have agreed with the board that ... ( read original story ...)
For virtual banking to thrive in Hong Kong, regulators must encourage small players and innovation
to eight applicants. While the moves could provide momentum for the city’s financial industry, the HKMA should consider relaxing the capital requirements for virtual bank licensees and setting clear ... ( read original story ...)
Hong Kong prepares for general strike as unrest spreads
Hong Kong is preparing for its first general strike in over 50 years on Monday as political unrest spreads following another weekend of sometimes violent protests. The planned strike, which organisers ... ( read original story ...)
Hong Kong police fire tear gas protesters as unrest grows
Hong Kong on Saturday entered the second of four ... with unrest is growing in the Asian financial hub. Last week saw violent clashes downtown between riot police and demonstrators marching ... ( read original story ...)
Hong Kong artist’s baffling HK$100 request spawns nostalgic venture into city life cast aside by social development
Leung has completed 12 such works since 2017, each crafted using tens of thousands of coins, depicting iconic Hong Kong scenes with a nostalgic touch, such as the HSBC lion statues in Central and ... ( read original story ...)
What to expect as launch of Hong Kong virtual banks nears
Virtual banking in countries such as the United Kingdom, Japan and mainland China could help draw a picture of the sector in Hong Kong, where these lenders are expected to launch operations in the ... ( read original story ...)
UBS slashes Hong Kong GDP forecast as trade war, protests weigh on city’s economy
UBS dramatically cut its economic growth forecast for Hong Kong, citing uncertainty surrounding the US-China trade war and protests that have disrupted business in the city since June. The Swiss bank ... ( read original story ...)
HK interest rates cut for first time in 10 years
The three note-issuing banks - the Hongkong and Shanghai Banking Corporation, Hang Seng Bank (0011) and BOC Hong Kong (2388) - kept the prime rate unchanged at 5.125 perce... The Hong Kong Monetary ... ( read original story ...)
Hong Kong pulls out all the stops in world IPO race
Hong Kong Exchanges and Clearing is going all out to retain its crown in the global IPO rankings. As Edith Lu reports, the SAR has set its sights on attracting enterprises in the Asia Pacific to list ... ( read original story ...)
Hong Kong’s Latest Protest: Finance Employees Stage a Flash Mob
(Bloomberg) -- Hong Kong finance staffers gathered in the city’s central ... near the offices of major firms including HSBC Holdings Plc, Goldman Sachs Group Inc. and Standard Chartered Plc. They ... ( read original story ...)
After $6 billion M&A spree, insurer FWD eyes China foray ahead of potential IPO
having a strong base in Hong Kong will be pretty compelling,” said CEO Huynh Thanh Phong, while discussing the potential for an initial public offering (IPO). Huynh refused to be drawn on the ... ( read original story ...)
Property stocks hammered again in Hong Kong, as concerns about protests and its economy continue to grow
But HSBC responded by becoming the first of the city’s commercial banks to say it will keep its prime rate steady. Sun Hung Kai plunged 4.1 per cent to HK$121.7, CK Asset Holdings fell 3.6 per cent to ... ( read original story ...)
Hong Kong financial workers stage flash protest
"It will definitely deteriorate the quality of the banking industry. People will migrate out of Hong Kong together with their property," a Standard Chartered retail banking staffer, who gave his ... ( read original story ...)
Hong Kong bankers join call for citywide strike over handling of outcry over extradition bill
The Hong Kong Professional Teachers’ Union ... Staff from HSBC, Standard Chartered, Citibank, Deutsche Bank, JP Morgan and UBS were among those who backed the call, some posting pictures of their ... ( read original story ...)