Financial Services
Government should amend tax measures to boost international financial hub status
It’s high time to boost the private equity fund and asset management industry.
Exchange Fund assets balloon to $3.6t in January
It soared from $83.5m.
Hong Kong banks bust out the chatbots
Digital savvy clients may soon prefer to interact more with chatbots.
Hong Kong scores top Asian fintech investment as China's unicorns take a break
WeLab’s $220m series B funding round has some big-time backers including Alibaba.
Hong Kong and Singapore issue RFP for cross-border blockchain project
The project aims to digitalise trade between the two cities.
Big banks lock mortgage rates amidst Fed hike worries
HSBC and BOC locked rates at 1.68% - lower than the industry standard.
What tax measures can the government roll out to boost sustainable development?
Waiving first-time registration tax for e-vehicles may be a good idea, said EY.
More compliance jobs open as Hong Kong banks set to lead Basel regulations in 2018
Those with AML and KYC skills are poised to be the most sought-after.
Is it high time to waive stamp duty for first-time home buyers?
Some buyers may not be able to pay the upfront cash burden, said EY in its budget wishlist.
Government urged to offer tax concession to frequently travelling GBA workers
EY believes it will facilitate talent exchange amongst Greater Bay Area cities.
SFC slaps Credit Suisse with $39.3m penalty
The bank self-reported its various internal control and systems failures to the regulator.
How will the transfer pricing bill impact business operations?
Inland Revenue Amendment Bill No.6 imposes additional requirements for domestic transactions.
Property loan pipeline surges to $84.43b in Q4 as developers defy cooling measures
This comes even as the HKMA tightened lending to developers last June.
HKMA encourages virtual banks as part of Smart Banking transition
The de facto central bank believes they promote fintech and financial inclusion.
Hong Kong slowly losing patronage of Chinese wealthy to Singapore amidst tighter Mainland scrutiny
The number of Chinese HNWI who cited Hong Kong as the preferred overseas investment destination dipped to 53%.
Hong Kong loses to Singapore as top Asian location for MNC headquarters
Therefore, KPMG believes that a tax incentive for funds and RHQ should be introduced.
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