Financial Services

19 Apr 18
Profitability may be hit amidst higher provisioning prerequisites.
19 Apr 18
This comes as a result of the purchases made by HKMA to support the struggling dollar.
19 Apr 18
Reserve requirement ratio for big commercial banks will be lowered from 17% to 16%.
18 Apr 18
CCB and AIA collaborated to offer blockchain-powered bancassurance products.
18 Apr 18
Approximately 55-80% of customers are considering opening an account in a digital-only bank.
18 Apr 18
The region has attracted more fintech investments than North America and Europe.
18 Apr 18
Mobile banking has grown at least twofold in Emerging Asia to outpace other e-banking types.
17 Apr 18
‘eXellerator’ will act as a testing space for the bank’s fintech products and services.
17 Apr 18
The smartphone maker is gunning for $100b valuation in its public debut.
17 Apr 18
The HKD is still traded at $7.85 against the USD.
16 Apr 18
Consumers may shoulder higher mortgage repayments soon.
16 Apr 18
The electronic trading company’s algorithms generated false market orders thrice.
13 Apr 18
This comes as the Hong Kong dollar plunged to a thirteen year low.
13 Apr 18
A new licensing regime for the regulation of insurance intermediaries is in the works.
13 Apr 18
The world’s high net worth individuals are increasingly turning to Asia.
11 Apr 18
These will streamline transactions of Japanese government bonds and Hong Kong dollars.
11 Apr 18
Their combined IPO proceeds accounted for more than half of total proceeds at $32.11b.
10 Apr 18
It remains one of the easiest locations to do business globally.
5 Apr 18
Analysts expect the momentum to slow from 16.1% to 14% in 2018.
4 Apr 18
Users can better manage finances through real-time correspondence with the virtual assistant.
4 Apr 18
Further decline was offset by high savings and time deposits.
4 Apr 18
However, the one-off reduction for tax duties announced in the budget address isn’t included yet.
3 Apr 18
Fiscal reserves similarly stood at a massive $1.13t.
2 Apr 18
The tax rate for the first $2m of profits will be reduced to 8.25%.
2 Apr 18
The local exchange accounted for a fifth of global public listings after housing 57 flotations.
28 Mar 18
This sector snapped a third of the city’s public offerings.
27 Mar 18
Total funds raised hit $24.4b which is nearly a quarter of NYSE's overall IPO proceeds.
26 Mar 18
Meituan Dianping is reportedly mulling a valuation of at least $60b.
16 Mar 18
SFC decried allegations that Beijing exercises clout over the regulator.
15 Mar 18
They can maintain their credit profiles even if prices were to plunge by 30%.
15 Mar 18
Analysts waved off concerns that interest rates will immediately rise following the Fed’s tightening policies.
15 Mar 18
The Mainland’s deleveraging programme will drive cross-border loan activity but pose risks to LGFVs.
15 Mar 18
It violated short position reporting and made unlicensed regulated activities.
15 Mar 18
15 more firms are in the SFC's watchlist.
13 Mar 18
Chatbots, e-claims, and online sales await expectant clients.
12 Mar 18
Smaller e-payments players are finding it hard to gain traction against the ubiquitous card.
12 Mar 18
The deal for the Shanghai-based diabetes drug developer could raise as much $300m.
12 Mar 18
The Asian financial centre has one of the worst credit-to-GDP gaps globally.
12 Mar 18
The brand is backed by Louis Vuitton’s private equity firm L Catterton Asia.