Business leaders say new Hong Kong chief must open up city, rebuild its image

Business leaders say new Hong Kong chief must open up city, rebuild its image

Water barriers are set up outside the Hong Kong Convention and Exhibition Center, ahead of the 25th anniversary of Hong Kong’s handover to China from Britain, in Hong Kong, China June 29, 2022. REUTERS / Lam Yik / File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 30 (Reuters) – … Read more

Factbox: Major finance milestones as Hong Kong marks 25 years since handover

A general view of Two International Finance Center (IFC), HSBC headquarters and Bank of China in Hong Kong, China July 13, 2021. REUTERS/Tyrone Siu/File Photo Register now for FREE unlimited access to Reuters.com Register HONG KONG, June 28 (Reuters) – Hong Kong returned to China in 1997 after 156 years of British colonial rule. Here … Read more

Hong Kong’s top finance executives bank on city to thrive as gateway to China

HONG KONG, June 27 (Reuters) – In 1997, the world watched as Britain returned Hong Kong to Chinese rule, with some pessimistic or wary about the outlook for the city and its role in the global financial system. Twenty-five years later, Hong Kong has so far retained its status as a financial hub, and some … Read more

Rise of women to top of UK finance is ‘stagnating’

The City of London financial district is seen in London, Britain, October 22, 2021. REUTERS/Hannah McKay Register now for FREE unlimited access to Reuters.com Register LONDON, June 23 (Reuters) – Britain’s six -year drive to increase the number of women in senior management at financial firms is “stagnating” for the first time, a review for … Read more

US business borrowing for equipment rises 16% in May – ELFA

The skyline is seen in Manhattan, New York City, US, August 21, 2021. REUTERS / Andrew Kelly Register now for FREE unlimited access to Reuters.com Register June 23 (Reuters) – US companies borrowed 16% more in May to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) … Read more

Full Brexit yet to play out on British finance, lawmakers say

The City of London financial district can be seen as people walk along the south side of the River Thames, amid the coronavirus disease (COVID-19) outbreak in London, Britain, March 19, 2021. REUTERS/Henry Nicholls Register now for FREE unlimited access to Reuters.com Register LONDON, June 23 (Reuters) – Britain should avoid major, hasty reforms to … Read more

Get cracking with phasing out remaining Libor, UK watchdog says

Signage for Britain’s Financial Conduct Authority (FCA) regulator is seen at its head office in London, Britain, March 10, 2022. REUTERS/Toby Melville Register now for FREE unlimited access to Reuters.com Register LONDON, June 22 (Reuters) – The financial sector should not bet on remaining deadlines changing for the phasing out of the use of Libor … Read more

Banks diversity push sees Citigroup recruit associates in US from outside finance

NEW YORK, June 17 (Reuters) – Facing intense competition for talent and pressure to hit diversity goals, banks are getting more creative in their hiring, with Citigroup Inc (CN) recruiting US associates this summer without banking experience or business degrees. Launched this year, Citigroup’s pilot program aims to boost its diversity goals by recruiting associates … Read more

Market positioning suggests more pain for equities despite the route, Bank of America says

A trader walks by the New York Stock Exchange (NYSE) in Manhattan, New York City, US, May 19, 2022. REUTERS / Andrew Kelly Register now for FREE unlimited access to Reuters.com Register LONDON, June 17 (Reuters) – A market trends indicator by BofA Securities fell to zero for the first time since the pandemic-induced mayhem … Read more

EXCLUSIVE China’s central bank accepts Ant’s application for financial holding company- sources

A logo of Ant Group is pictured at the headquarters of Ant Group, an affiliate of Alibaba, in Hangzhou, Zhejiang province, China October 29, 2020. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register PBOC taking application signals license may come soon – sources Financial holding license to pave way for Ant market … Read more