Financial Services
Total deposits down 0.8% in February
Further decline was offset by high savings and time deposits.
Total deposits down 0.8% in February
Further decline was offset by high savings and time deposits.
Tax returns issued for 2017-18
However, the one-off reduction for tax duties announced in the budget address isn’t included yet.
Government surplus hits $7.16b in February as revenues exceed expenditures
Fiscal reserves similarly stood at a massive $1.13t.
Two-tiered tax system gazetted
The tax rate for the first $2m of profits will be reduced to 8.25%.
Hong Kong bests New York and Shanghai as it tops IPO activity rankings in Q1
The local exchange accounted for a fifth of global public listings after housing 57 flotations.
Media firm set for city's strongest mainboard debut after shares balloon 880%
Most Kwai Chung Ltd. is presently valued at $2.2b.
Check out which sector dominated Hong Kong's IPO charge in Q1
This sector snapped a third of the city’s public offerings.
Hong Kong bourse still loses to New York in IPO funds raised in Q1
Total funds raised hit $24.4b which is nearly a quarter of NYSE's overall IPO proceeds.
Tencent-backed food delivery startup seeks Hong Kong IPO
Meituan Dianping is reportedly mulling a valuation of at least $60b.
Hong Kong-Singapore rivalry gets heated as regulators exchange barbs
SFC decried allegations that Beijing exercises clout over the regulator.
Hong Kong banks can withstand another housing crash: S&P
They can maintain their credit profiles even if prices were to plunge by 30%.
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.
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