International banks in Hong Kong are caught in the crossfire of competing laws enacted by the United States and China as the superpowers clash over the city's future, with analysts warning businesses ... ( read original story ...)
HKIB appointed as the first Professional Qualifications Assessment Agency for the banking sector
The Hong Kong Institute of Bankers (HKIB), a not-for-profit institution that provides training programmes and certifies professional qualifications for local banking and financial practitioners, has b ... ( read original story ...)
Hong Kong’s Richest Family Loses $8 Billion in a Single Year
The family behind Hong Kong’s largest property empire has seen its fortune shrink by almost $8 billion in the past 12 months, the steepest drop among Asian clans on Bloomberg’s ranking of the world’s ... ( read original story ...)
China Market Update: “ATMX” (Alibaba, Tencent, Meituan Dianping, And Xiaomi) Shine In Hong Kong Despite TikTok “Smash And Grab”
Asian equities rebounded overnight as NasdaqNDAQ reached a new high yesterday in the US. Hong Kong rebounded 2% as new coronavirus cases fell locally day over day, as growth stocks led the volume ... ( read original story ...)
Hong Kong jumps more than 2% as Asia Pacific stocks mostly rise; Reserve Bank of Australia keeps policy steady
Stocks in Asia Pacific mostly rose on Tuesday as the Reserve Bank of Australia’s (RBA) kept its policy settings unchanged. The Hang Seng index in Hong Kong led gains among the region’s major markets, ... ( read original story ...)
Li Ka-shing’s CK Asset makes first step in rescue of distressed Hong Kong developer Goldin as hostile creditors seize assets
Hong Kong's most-famous billionaire Li Ka-shing has sent a top lieutenant to help rescue a cash-strapped developer in the first major blow-up and restructuring to unfold from the city's property ... ( read original story ...)
Hong Kong’s third virtual bank, WeLab Bank, opens amid the coronavirus pandemic
WeLab's founder and CEO Simon Loong discusses the opening of WeLab Bank, the latest subsidiary of the Hong Kong-based fintech firm amid the coronavirus pandemic. Got a confidential news tip? We want ... ( read original story ...)
Hong Kong’s international financial center status hangs in the balance
Plus, the banking system is stable too, with a capital adequacy ratio exceeding 20%, far more than the international requirement of 8%.” These measures serve to further hasten the U.S.-China financial ... ( read original story ...)
China Construction Bank Corp., Hong Kong Br. — Moody’s assigns A1 rating to green bonds issued by China Construction Bank’s Hong Kong Branch
© 2020 Insider Inc. and finanzen.net GmbH All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Disclaimer | Commerce Policy ... ( read original story ...)
Hong Kong stocks rise, on track to break three-session losing streak after US tech rally and latest step in China to bolster economy
In summarising its goals for the second half of the year, the People’s Bank of China said on Monday after market close that it will guide the growth of broader money supply and total social financing ... ( read original story ...)
China stocks firm as banks lend support; Hong Kong up
China stocks firmed on Tuesday, driven by strong gains in banks as investors cheered Beijing’s latest move to ease pressure on the country’s financial institutions. ** The CSI300 index rose 0.1% to 4, ... ( read original story ...)
Asia Pacific stocks set to trade higher; Reserve Bank of Australia’s interest rate decision awaited
The Reserve Bank of Australia's interest rate decision is expected to be out at about 12:30 p.m. HK/SIN on Tuesday. That comes as social distancing measures have been ramped up in the Australian state ... ( read original story ...)
China’s actions risk Hong Kong’s future as global financial center
The new security law Beijing imposed on Hong Kong and the ongoing political turmoil cast a dark shadow on the financial hub's competitiveness and attractiveness to international business. ( read original story ...)
China’s Star Board Among World’s Top Three IPO Venues
China’s technology focused Star board may be just over a year old, but it already ranks among the world’s top three initial public offering venues. ( read original story ...)