Financial Services
Mortgage applications down 14.2% to 10,520 in December
Mortgage applications down 14.2% to 10,520 in December
The value of approved mortgage loans also decreased to $27.8b.
Exchange Fund smashes records after investment income hits $252b in 2017
Total assets reached $4.02t which represents a $404.8b annual increase.
Government warns public against cryptocurrency risks
A public education campaign was jointly launched by the FSTB and IEC.
Hong Kong investors acquire Chinese bitcoin exchange BTCC
This comes amidst a crackdown on cryptocurrency trading by Chinese authorities.
Hong Kong's bourse reform plan seeks to tap on Chinese drug stocks
SEHK is considering opening up the exchange to allow pre-profit biotech companies to list.
How will RMB internationalisation impact Hong Kong's financial industry?
Hong Kong is the largest offshore renminbi market.
Hong Kong strengthens bilateral financial ties with Switzerland
A total of three MoUs were signed to boost financial cooperation between the two economies.
How will the proposed two-tiered profits tax regime boost the operations of small enterprises?
The Profits Tax Bill will be formally introduced to the Legislative Council on January 10.
Hong Kong aims for stricter regulation of listed firms' auditors
The move aims to bring the region’s auditory regulatory regime in line with international standards.
Hong Kong ramps up efforts in bid to become regional fund service centre hub
These include a proposal for the tax exemption for open-ended fund companies (OFC).
Xiaomi reportedly tapped Morgan Stanley and Goldman Sachs for IPO
Sources speculated that either Hong Kong or New York will host the blockbuster listing.
Finastra unveils Future of Banking Center of Excellence in Cyberport
It aims to facilitate digital disruption in the financial services industry.
China's top e-ticketing platform reportedly planning $1b Hong Kong IPO
Maoyan Weying is backed by influential investors which includes Tencent and Meituan Dianping.
Hang Seng Bank's mobile branch facilitates remote banking services
It serves residents in three public housing estates.
Exchange Fund's assets hit $3.51t in December
The monetary base reached $1.7t.
HKMA launches consultation on Open API framework
It is part of the agency’s initiatives to transition into an era of smart banking.
Hang Seng Bank rolls out first retail banking chatbots
Dori and Haro can communicate in Chinese, English and understand Cantonese.
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