Financial Services
SFC slaps $1.5m fine on SFM HK Management over short selling violations
SFC slaps $1.5m fine on SFM HK Management over short selling violations
The fund became short of over a million shares in Great Wall Motor Company in 2015.
Hong Kong looks set to reclaim IPO crown with nearly US$300b haul in January-November
Proceeds from New York IPOs only hit US$205b as it settles for a tentative second place.
HKMA cuts down a third of virtual banking applicants
They failed to submit sufficient information on authorisation criteria.
Hong Kong's open banking movement lures interest beyond retail clients
SMEs and corporates also acknowledge the merits of the pivot.
HSBC installs ‘dementia' specialist staff in Hong Kong
They will assist the elderly with their finances.
Banks make do with falling loan growth as earnings lifeline
Gains from Chinese business will remain muted.
Hang Seng Bank beefs up fintech capabilities in Tencent tie-up
They will develop a remote account-opening solution.
Hong Kong to license first online-only insurer in December
The pioneer will be part of the new fast-track system.
Banks' loan growth eases to 2% in October
This represents the fourth straight month of decline.
Hong Kong finance M&As plunge to US$1.15b YTD amidst Beijing crackdown
This could mark the lowest possible deal volume in 13 years.
Hong Kong beats Tokyo and Singapore to rank as Asia's top finance location
Its dominance, however, may be challenged by deepening trade tensions.
Exchange Fund recovers from massive hit amidst $1.6b gain in Q3
However, performance is likely to remain subdued amidst forex losses.
Hong Kong fintech investments more than doubled to US$550m in 2017: FS Chan
The level of investment exceeds that of Singapore, he says.
Faster Payment System processed 1.58 million transactions in October
The value of Hong Kong dollar-denominated transactions hit $33.29b.
Do banks have reason to fear as Chinese lending accelerates?
Mainland Chinese exposure accounted for nearly a third of total assets.
Bank loan growth may halve to measly 3% in December
The steep decline is partially due to higher interest rate environment.
Asia's ultra wealthy stoke Hong Kong and Singapore's family office boom
The number of newly built offices may have grown 15% in first three quarters of 2018.
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