Hong Kong
Hong Kong budget targets major financial service growth
Hong Kong will make a major push to diversify its financial services and insurance industries through a HK$500m cash injection into bond market development, fintech, green finance and a training academy, the finance secretary outlined in the budget on Tuesday.
Credit Suisse fined in Hong Kong
Hong Kong’s regulator has fined and reprimanded Swiss wealth manager Credit Suisse for internal control failures and selling unsuitable products.
Swiss and HK sign wealth management deal
Switzerland and Hong Kong have signed a trio of deals to strengthen financial services between the jurisdictions.
MetLife joins insurers offloading Hong Kong businesses
US-headquartered MetLife is following in the footsteps of its international rivals by looking to sell its Hong Kong insurance unit, according to media reports.
Convoy set for triple whammy court hearing
Hong Kong’s High Court has ruled that three separate legal cases against beleaguered investment company Convoy Global should be heard together and has set a court date of 6 March.