Date
20 September 2018

Finance

  • Amid the uncertainties in the mainland, the Hong Kong equity market may get worse in the near term. Photo: Reuters

    What do HK equity investors worry about most?

    - Sep 20, 2018 11:51am
    The Hang Seng Index has already tumbled over 6,000 points from its peak this year. Investors might have had their hopes too high and are now coming to terms with reality. So what are the worst...
  • Hong Kong has taken a significant step as part of a drive to transition to a new era of smart banking. Photo: Bloomberg

    Why HKMA’s new faster payment system is a big deal

    - Sep 19, 2018 2:07pm
    Facing criticism that it is lagging China and some other jurisdictions in Asia in adoption of mobile payments and financial technology development, Hong Kong has been seeking to enhance its financial services market. In keeping with...
  • Many virtual currency platforms lack the necessary policies and procedures to ensure the fairness, integrity, and security of their exchanges, New York state attorney general has warned. Photo: Reuters

    NY Attorney General sounds warning on crypto exchange risks

    Sep 19, 2018 9:40am
    Several cryptocurrency exchanges are plagued by poor market surveillance, pervasive conflicts of interest and lack sufficient customer protections, the New York Attorney General’s office said in a report published on Tuesday. The study found that online...
  • Ongoing low levels of implied volatility can encourage investors to increase leverage in their portfolios. Photo: Reuters

    Six key market risks investors should consider

    - Sep 18, 2018 2:46pm
    In 1960, two years before he won the Nobel Prize for literature, US author John Steinbeck set out on a road journey across America to see what he could see, to note any changes in the...
  • The Trump administration’s decision to allow national bank charters to fintech firms is ‘reckless’, says Maria Vullo, superintendent of New York’s Department of Financial Services. Photo: Bloomberg

    New York state sues US govt over fintech bank charters

    Sep 17, 2018 11:26am
    New York state has launched a lawsuit against the US federal government, calling for voiding of a decision to award national bank charters to online lenders and payment companies. The state’s top banking regulator on Friday...
  • Corporate earnings slowdown, amid an escalating US-China trade row, could provide a trigger for the next downturn in the Hong Kong stock market, some observers say. Photo: Reuters

    HK equities earnings outlook turns negative

    - Sep 14, 2018 11:19am
    A majority of the listed entities in Hong Kong have completed their interim results announcements as of now. The results show that the firms’ sales revenue was up 8.87 percent on average in the first six...
  • HSBC’s Asia private bank will add 700 people by 2022 from a headcount of 1,100 at the end of 2017. Photo: Bloomberg

    HSBC to bolster Asia private banking headcount

    Sep 12, 2018 8:35am
    HSBC Holdings Plc (00005.HK) aims to increase its Asia private banking headcount by two-thirds in five years and double client assets in eight as it eyes a bigger share of the business in the world’s fastest-growing...
  • US markets have been on a roll, in large part due to strong gains posted by major tech firms. Photo: Reuters

    Why it makes sense to switch to US equities

    - Sep 11, 2018 10:51am
    Some Hong Kong equity investors ask why they should shift to the US market, given that they are less familiar with the equities there. For an answer, they just need to take a look at these...
  • A trader works on the floor of the New York Stock Exchange as the Dow Jones Industrial Average passes the 25,000 mark in January this year. There has been an intense debate as to whether the market has become too expensive. Photo: Reuters

    Why I believe the US stock market is cheap vs others

    - Sep 10, 2018 3:13pm
    The stock market, like any other market, is a set of relative opportunities, not absolute ones.I have never seen a more pessimistic environment despite a stock market that continues to reach all-time highs.  Many friends are...
  • London Stock Exchange could soon have a new fintech listing as peer-to-peer lender Funding Circle prepares for an IPO. Photo: Reuters

    Peer-to-peer lender Funding Circle to list on London exchange

    Sep 4, 2018 9:44am
    Funding Circle, a British peer-to-peer lending marketplace, announced on Monday that it will list its shares on the London Stock Exchange’s main market, Reuters reports. Danish billionaire Anders Povlsen has pledged to buy 10 percent of...
  • CurrencyFair is tapping into the renminbi market in an Asia push, with the segment seen as a big part of the company’s future growth, according to COO and CFO Ruth Fletcher. Photo: CurrencyFair

    P2P money exchange platform CurrencyFair bets big on RMB biz

    - Sep 3, 2018 5:05pm
    CurrencyFair, a Dublin-based online peer-to-peer (P2P) foreign exchange marketplace, announced last month the acquisition of Hong Kong payment services firm Convoy Payments, signaling the fintech startup’s major ambitions for expansion into Asia. Ruth Fletcher, the Irish firm’s...
  • Warren Buffett said investors are better off owning a basket of stocks than long-term bonds as a strong US economy bolsters corporate profits. Photo: Bloomberg

    Buffett says Berkshire buying own stock, more Apple

    Aug 31, 2018 10:25am
    Berkshire Hathaway Inc. chairman Warren Buffett said the conglomerate bought back its own stock for the first time since 2012 and added to its already huge stake in Apple Inc., Reuters reports. Buffett also said investors...
  • The HKMA is not expected to give more than three virtual banking licenses in the near term to ensure an orderly rollout, sources told Reuters. Photo: Bloomberg

    Fintechs, telecom firms apply for HK virtual banking licenses

    Aug 30, 2018 5:38pm
    The Hong Kong Monetary Authority has received applications for virtual banking licenses from at least a dozen banks, fintechs and telecom firms, Reuters reports. The bidders include China’s Ant Financial, Tencent (00700.HK), and Ping An Insurance (601318.CN), the...
  • Agricultural Bank of China's interim results were underpinned by improvements in margins and bad loans ratio. Photo: Reuters

    China’s big banks post firm results, see trade tension risks

    Aug 30, 2018 10:08am
    Agricultural Bank of China (AgBank) (01288.HK, 601288.CN), the country’s third-largest lender, expects its asset quality to stabilize in the second half, but said it has increased provisions as trade tensions threaten the global economy, Reuters reports....
  • Open Banking is designed to increase competition in banking and lower the barriers to entry. Photo: Bloomberg

    Open banking: Endless opportunities for HK financial sector

    - Aug 30, 2018 10:02am
    The global banking industry is undergoing a wave of disruption and there has never been a better time for fintechs and developers to hitch a ride on the wave. Introduction of the Hong Kong Monetary Authority’s...
  • China has weathered many stock market crashes over the years, with its economy maintaining a broadly positive trajectory all along. Photo: Reuters

    Weak equities have little impact on China economy

    - Aug 28, 2018 10:07am
    China’s A shares have dropped nearly 20 percent since the beginning of this year. However, unlike in 2015, when almost everyone was participating in the stock market, and thus got burned badly when the market crashed,...
  • If blockchain-backed trade finance is used widely, banks can readily check and verify information of SME borrowers at much lower costs. Photo: Bloomberg

    Blockchain starts to bear fruit in FinTech applications

    - Aug 24, 2018 4:35pm
    The cryptocurrency market has turned relatively quiet following a slide in digital currency prices. But adoption of blockchain — the technology behind cryptocurrency — continues to gather pace. Bitcoin and blockchain were both birthed by “Satoshi...
  • Proposals for derivative-backed bitcoin exchange-traded funds are said to have prompted worries among SEC officials about the risk of market manipulation and fraud. Photo: Bloomberg

    US regulator to review decision rejecting bitcoin ETFs

    Aug 24, 2018 8:43am
    The US Securities and Exchange Commission said on Thursday that it will review a decision by its staff to block nine bitcoin-based exchange-traded funds from coming to market, Reuters reports. Staff at the SEC had earlier...
  • Hong Kong stocks have continued to fall over last few weeks despite satisfactory interim corporate results, as investors fret about potential macro headwinds. Photo: Reuters

    Are Hong Kong equities cheap right now?

    - Aug 23, 2018 10:06am
    The Hang Seng Index has come off more than 5,000 points from its January peak, with many sectors suffering heavy sell-offs. As the price-earnings ratio of the market is currently at below 12, one can ask...
  • Warren Buffett will turn 88 soon, but he is still very healthy. Photo: Reuters

    Is a healthy CEO a must for investing in a company?

    - Aug 21, 2018 4:58pm
    CEC International Holdings Ltd. (00759.HK), operator of Hong Kong’s popular snack food chain 759 Store, saw its share price surge 90 percent after the death of its founding chairman Lam Wai-chun triggered acquisition talks. In an...

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