Financial Services
Over 60 applicants scramble for a Hong Kong virtual banking license
Over 60 applicants scramble for a Hong Kong virtual banking license
This includes Standard Chartered Bank and online loan platform WeLab.
Exchange Fund income plunges 80% to $23.9b in H1 amidst trade worries
The fund’s total assets hit $4.1t.
SFC slaps HSBC Broking Securities with $9.6m fine
The firm failed to conduct due diligence in a bond sale between 2015 to 2016.
Grant ceiling for SME fund doubled to $1m
The changes would kick into effect by August 1.
Hong Kong's private banking assets hit $7.81t in 2017
More than half of total assets came from overseas locations.
Hong Kong launches Open API framework for banks
The central bank hopes that lenders start deploying open APIs within six months.
Hong Kong to launch blockchain-powered trade finance platform in September
This involves the participation of the central bank and seven other lenders.
MetLife Hong Kong bags three accolades at Insurance Asia Awards 2018
They recognised the firm's insurtech integration.
Hong Kong bourse brushes off Shanghai and Shenzen dual-class share ban
Access to WVR firms has been banned amidst a reported lack of understanding of the new reform.
Transfer pricing law gazetted
It ensures that the concessionary tax regime meets international standards.
Taipei-listed post-production house plans Hong Kong IPO
VHQ Media Holdings believes a local listing will boost its Chinese growth prospects.
SFC slaps $4m fine on Citi's Asia unit for 'dark pool' breaches
Over 130 clients were able to access ALP without proper assessment.
Xiaomi rebounds with a 14% climb after lacklustre debut
Its share price surged to $19.14 in early afternoon trading from its IPO of $17.
SFC slaps $24m fine on China Construction Bank's investment arm
CCB International Capital failed to conduct reasonable diligence on Fujian Dongya’s listing.
Cash is still king in Hong Kong as only a fifth embrace e-payments
Nearly 70% cite that they remain unfamiliar with the tech required to go cashless.
Goldman, Citi bankers abandon posts to cash in on biotech hype
At least seven senior bankers and analysts have quit since December.
Life annuity scheme unveiled for senior citizens
Men will receive a monthly payout of $5,800 whilst women get $5,300.
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