Financial Services
Prime rate hike likely to take effect in Q4
Prime rate hike likely to take effect in Q4
Analysts waved off concerns that interest rates will immediately rise following the Fed’s tightening policies.
Close Chinese financial ties are both boon and bane for Hong Kong banks
The Mainland’s deleveraging programme will drive cross-border loan activity but pose risks to LGFVs.
SFC slaps Deutsche Bank with $8.3m fine
It violated short position reporting and made unlicensed regulated activities.
Hong Kong regulator targets other ‘reckless' IPO sponsors following UBS ban
15 more firms are in the SFC's watchlist.
Hong Kong poise for insurtech growth in 2018
Chatbots, e-claims, and online sales await expectant clients.
Smart card Octopus' dominance dampens Hong Kong's mobile payments growth
Smaller e-payments players are finding it hard to gain traction against the ubiquitous card.
Hua Medicine targets IPO amidst wider market access for biotech firms
The deal for the Shanghai-based diabetes drug developer could raise as much $300m.
Hong Kong amongst economies most vulnerable to banking crisis
The Asian financial centre has one of the worst credit-to-GDP gaps globally.
Chinese fashion retailer GXG mulls $300m Hong Kong IPO
The brand is backed by Louis Vuitton’s private equity firm L Catterton Asia.
Dollar depreciation may trigger slowdown in housing market
The ratio of HIBOR-linked new mortgage loans on floating rates has dipped to 86.2% in January.
HKMA may offer extra Exchange Fund Bills to halt dollar decline
The currency plummeted to a thirty-year low at $7.83 level on Tuesday.
Mercedez-Benz dealer mulls $800m Hong Kong relisting
Lei Shing Hong reportedly plans to list in the second half of the year.
Hong Kongers prefer mobile wallets despite glitches over call centres and OTC banking
They welcome the convenience and all-day accessibility of digital alternatives.
Slashed tax duties but no cash handouts for Hong Kong despite staggering surplus
The budget address disappointed residents waiting for a repeat of the 2011 handout scheme.
Hong Kong loans grew 16% in 2017 amidst soaring property prices
It posts one of the largest loan growth in Asia, easily beating Singapore, Thailand, Indonesia and Malaysia.
Hong Kong inks fintech cooperation with Switzerland
It lays out a bilateral mechanism for companies entering one another’s markets.
Hong Kong bosses prefer to upskill than hire to combat market disruption
31% aim to leverage the expertise of other businesses by partnering with digital agencies.
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