Hong Kong’s deposit-taking companies (DTCs) will meet their end in current form within five years, after the banking regulator decided to flatten the industry with its latest evolve-or-perish reform. Their …
The Chinese government’s fourth sale of yuan-denominated sovereign bonds in Hong Kong this year was vastly overbought, as investors rushed to take advantage of the yield gap with the mainland …
“Thanks to sustained investments in technology and robust infrastructure, Hong Kong’s banking community is well prepared for remote work and well placed to meet customers’ trading needs,” the statement said. …