Financial Services
SFC slaps Instinet Pacific with $17.3m fine
SFC slaps Instinet Pacific with $17.3m fine
The electronic trading company’s algorithms generated false market orders thrice.
HKMA purchased $3.26b in local currency to boost struggling dollar
This comes as the Hong Kong dollar plunged to a thirteen year low.
Hong Kong ramps up efforts to capture GBA's insurance market
A new licensing regime for the regulation of insurance intermediaries is in the works.
Hong Kong to link central bank system with Japan for faster cross-border transactions
These will streamline transactions of Japanese government bonds and Hong Kong dollars.
Chinese TMT companies zero in on Hong Kong for public debuts
Their combined IPO proceeds accounted for more than half of total proceeds at $32.11b.
Hong Kong beats Singapore as APAC's easiest city for financial compliance
It remains one of the easiest locations to do business globally.
Loan growth poised to crash as home prices falter
Analysts expect the momentum to slow from 16.1% to 14% in 2018.
Clare.ai brings banking to clients' fingertips
Users can better manage finances through real-time correspondence with the virtual assistant.
Total deposits down 0.8% in February
Further decline was offset by high savings and time deposits.
Tax returns issued for 2017-18
However, the one-off reduction for tax duties announced in the budget address isn’t included yet.
Government surplus hits $7.16b in February as revenues exceed expenditures
Fiscal reserves similarly stood at a massive $1.13t.
Two-tiered tax system gazetted
The tax rate for the first $2m of profits will be reduced to 8.25%.
Hong Kong bests New York and Shanghai as it tops IPO activity rankings in Q1
The local exchange accounted for a fifth of global public listings after housing 57 flotations.
Media firm set for city's strongest mainboard debut after shares balloon 880%
Most Kwai Chung Ltd. is presently valued at $2.2b.
Check out which sector dominated Hong Kong's IPO charge in Q1
This sector snapped a third of the city’s public offerings.
Hong Kong bourse still loses to New York in IPO funds raised in Q1
Total funds raised hit $24.4b which is nearly a quarter of NYSE's overall IPO proceeds.
Tencent-backed food delivery startup seeks Hong Kong IPO
Meituan Dianping is reportedly mulling a valuation of at least $60b.
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