Financial Services
Hong Kong ramps up efforts in bid to become regional fund service centre hub
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.
Monetary Authority to develop faster payment system
It aims to provide banks with a system to provide real-time credit transfer.
Which sector dominated the IPO market in 2017?
A company from this sector raised a whopping $17.2b last year.
Investors still flock to Hong Kong's IPO market despite lacklustre year
Bloomberg reports that the recent IPO of Chinese eye-clinic drew the highest retail participation in 11 years.
HKQAA launches Green Finance Certification Scheme
It aims to support environmentally-friendly investments.
Hong Kong poised to top global IPO market in 2018
It is expected to raise as much as $250b this year.
FinTech loan platform WeLab raises US$220 million in funding from Alibaba, IFC
They are looking to extend services beyond the Greater China region.
Hong Kong's largest accounting firms in 2017
There is a huge demand for trust-related services due to looming data risks.
Hong Kong IPO proceeds fall 34% due to lack of mega listings
However, it snagged third spot globally in total funds raised with an expected $128.2b.
MoneyHero.com.hk raises US$50M in series B round led by IFC, Alibaba Entrepreneurs Fund, Goldman Sachs
The fund will be used to develop its proprietary technology and further expand its team.
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