Financial Services
Nearly 2 in 5 Hong Kongers open to sharing banking data with third parties
Nearly 2 in 5 Hong Kongers open to sharing banking data with third parties
Almost 40% believe that open banking can provide them with better customer service.
Hong Kong approves dual class shares and unprofitable biotech listings in sweeping market reform
The new rules will kick into effect on April 30.
Short-lived market rally buoys struggling dollar
Tighter liquidity concerns enabled short HKD traders to take profit in advance.
How can Ping An's billion-dollar debut change the local IPO landscape?
The online healthcare platform is paving the way for lossmaking companies who want to go public.
Chinese liberalisation set to challenge Hong Kong's financial dominance
The maturing of the Mainland’s capital markets is slowing demand for dim sum bonds.
Chinese P&C life insurers premium growth slow 16% in 2017
Non-motor premium growth hit 33%, outpacing total growth in premium at 6%.
Banks scrap fixed-rate mortgages as interbank lending rates surge
HSBC and BOC have already stopped offering the package whilst ICBC will stop on May 1.
Chinese online healthcare platform starts US$1.1b IPO preparations
Ping An Good Doctor will offer 160 million shares priced between $50.80 to $54.80 apiece.
Will the looming property slowdown set back Hong Kong banks?
Loan growth is expected to slow in 2018.
Can Hong Kong banks meet IFRS 9 requirements on time?
Profitability may be hit amidst higher provisioning prerequisites.
Steeper mortgages may loom as HIBOR extends climb to 1.32%
This comes as a result of the purchases made by HKMA to support the struggling dollar.
Standard Chartered unveils innovation laboratory in Kwun Tong
‘eXellerator’ will act as a testing space for the bank’s fintech products and services.
Xiaomi reportedly tapped Citic Securities for CDRs amidst mega IPO preparations
The smartphone maker is gunning for $100b valuation in its public debut.
HKMA capital injection fails to buoy local currency
The HKD is still traded at $7.85 against the USD.
Higher interest rates loom amidst weakening dollar: FS Chan
Consumers may shoulder higher mortgage repayments soon.
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.
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