Banking and Finance

hongkong-journalist > Banking and Finance

China investment bank Haitong plans buyout of international arm -sources

October 6, 2023
Team Hongkong Journalist
Banking and Finance, Investment Banking

Exclusive Insights: China’s Haitong Bank to Acquire Its International Arm

According to two sources with knowledge of the situation, Haitong Securities intends to purchase the remaining shares of its Hong Kong-listed subsidiary Haitong International in an effort to reduce...

August 10, 2023
Team Hongkong Journalist
Investment Banking

Fears over the Chinese economy caused the Hong Kong market to fall by 2.5%

Last Wednesday, the Hong Kong share market was deep in the red as a dread-driven selloff activated across the representatives, in the absence of definite and proactive measures by...

June 1, 2023
Team Hongkong Journalist
Banking and Finance, Investment Banking

Bitcoin mounts back above $27000, Hong Kong SFC announces retail crypto trading

On Tuesday, cryptocurrency prices moved higher after Hong Kong’s securities regulator announced it would allow retail trading for some crypto assets, beginning June 1. According to coin metrics, Bitcoin...

May 30, 2023
Team Hongkong Journalist
Investment Banking, Banking and Finance

SFC to introduce open crypto exchange for retail users with a new catch

The Hong Kong Securities and Future Commission (SFC) announced that soon licensed platforms will be accessible to serve retail investors. After the announcement, the operators of virtual asset trading...

May 26, 2023
Team Hongkong Journalist
Banking and Finance, Investment Banking

Morgan Stanley Contemplates Reducing Asia Investment Bank Jobs by 7%

Morgan Stanley, an American multinational investment banking company, is planning to lay off its 7% of workforce in the Asia-Pacific region. There could be around 40 jobs, according to...

May 24, 2023
Team Hongkong Journalist
Banking and Finance, Investment Banking

Hong Kong Banks Benefit from Surging Hibor, Says Goldman Sachs

Gurpreet Singh Sahi stated in a note on Thursday that “the market is missing an expected improvement in net interest margins.” Because the lender’s shares have not responded to...

May 3, 2023
Team Hongkong Journalist
Banking and Finance, Investment Banking

Optimistic outlook as Hong Kong’s Q1 GDP rises by 2.7%

John Lee, the head of the Asian Financial Centre, announced unexpectedly before the formal publication of the data on Tuesday that Hong Kong’s GDP expanded by 2.7% in the...

April 20, 2023
Team Hongkong Journalist
Banking and Finance

Yuan Internationalization Boosts Hong Kong’s Financial Hub Status

Hong Kong’s stock market is accelerating efforts to introduce Chinese yuan pricing and settlement services, with 12 major companies, including high-tech giants Xiaomi and JD.com, applying to launch a...

April 10, 2023
Team Hongkong Journalist
Banking and Finance

Credit Suisse clients consider asset move post-UBS deal

According to an internal document, Credit Suisse advised staff that while its wealth assets are now operationally independent of UBS, clients may wish to think about shifting some assets...

April 7, 2023
Team Hongkong Journalist
Banking and Finance

China Renaissance shares frozen amid financial woes

The Hong Kong-listed shares of investment bank China Renaissance were put on hold on Monday after the company said it was unable to release its annual results due to...

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