Standard Chartered – Page 3 – Charm

Fosun drives up interest for Hong Kong stock performance-linked tokens on blockchains

Cs news7 months ago02 mins

A subsidiary of Fosun International this week marked a new milestone in bringing traditional financial instruments onto a blockchain infrastructure, which it touted as Asia’s first “comprehensive” technical solution for stock performance-linked tokens. Fosun Wealth Holdings-backed start-up Finloop Finance Technology Holding collaborated with FinChain, a Web3 brand under Fosun Wealth, in creating the new solution…

Hong Kong’s financial market booms, as stocks rally fuels sales of funds, bonds and others

Cs news7 months ago02 mins

Sales of non-listed investment products soared to a record last year in Hong Kong, as capital poured into mutual funds, debt and equity-lined financial products amid improving market sentiments, underscoring the city’s growth as a financial hub. As many as 1.2 million customers traded at least once on a product last year, 28 per cent…

Bank of East Asia profits rise as wealth business offsets bad property loans in Hong Kong

Cs news8 months ago02 mins

Bank of East Asia (BEA), Hong Kong’s largest family-owned lender, beat expectations with 14 per cent growth in its first-half net profit, as a robust wealth-management business offset an increase in bad debt from commercial real estate. The bank recorded HK$2.41 billion (US$309 million) in net profit for the six months to June, or 86…

New normal: why Hong Kong’s commercial property deep-freeze is here to stay

Cs news8 months ago03 mins

In the second instalment of our two-part series on Hong Kong’s beleaguered property market, analysts explore why this slump is different from past downturns. The first instalment discussed how the resurgence of the city’s stock market as a venue for initial public offerings could boost office uptake and ease developers’ pain. Swiss bank UBS got…

New normal: why Hong Kong’s commercial property deep-freeze is here to stay

Cs news8 months ago03 mins

In the second instalment of our two-part series on Hong Kong’s beleaguered property market, analysts explore why this slump is different from past downturns. The first instalment discussed how the resurgence of the city’s stock market as a venue for initial public offerings could boost office uptake and ease developers’ pain. Swiss bank UBS got…

Hong Kong property sector could face challenges but ‘risks are manageable’: FSDC chair

Cs news9 months ago02 mins

Hong Kong’s property sector could face some “short-term challenges” but “the risks are manageable” because the city’s economy was diversified and sat on a solid foundation, the chairman of the Financial Services Development Council (FSDC) said on Wednesday. “As an international financial centre, the global uncertainties would mean some Hong Kong industries would face certain…

Hong Kong couple arrested over trying to open HSBC account with fake HK$500 million bonds

Cs news9 months ago02 mins

Hong Kong police have arrested a couple on suspicion of trying to use about 10 fake HK$500 million (US$63.7 million) bonds to open an account at an HSBC branch in Central. Police said on Monday that the 66-year-old man and 62-year-old woman, both Hongkongers, were arrested for using a false instrument for allegedly presenting the…

HSBC offers Hong Kong SMEs a helping hand amid tariff turmoil

Cs news9 months ago02 mins

HSBC is launching a new education series to equip Hong Kong’s small and medium-sized enterprises (SMEs) with knowledge to help them maintain smooth business operations amid the threat of disruption from US tariffs. The city’s largest lender said the Account Fitness initiative would help SMEs effectively manage and maintain healthy accounts. “Many entrepreneurs of SMEs…

J.P.Morgan wary of stablecoin’s trillion-dollar growth bets, cuts them by half

Cs news9 months ago03 mins

By Rashika Singh (Reuters) -J.P.Morgan on Thursday forecast stablecoin growth will only reach $500 billion by 2028, calling trillion-dollar projections “far too optimistic”, as there was little evidence of mainstream adoption of the dollar-pegged cryptocurrency token. Stablecoins have moved beyond their crypto trading roots to attract interest from fintechs and banks aiming to speed up…

Standard Chartered sees affluent clients putting more money to work in Hong Kong

Cs news10 months ago03 mins

Wealthy people are increasingly drawn to structured products and diversified investments in light of market uncertainty, according to Standard Chartered Bank’s Eliza Law, who sees affluent clients putting more money to work in Hong Kong. “Our clients’ interest in investing has grown,” Law, managing director and head of affluent segment and distribution, wealth and retail…