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Enoch Yiu
Chief Reporter, Business
Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is the author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.
Wrise, a wealth management platform, has expanded in Hong Kong after seeing an increase in rich clients setting up family offices.
HSBC and Bank of China (Hong Kong) trimmed their prime lending rates by a quarter percentage point, leading the first rate cut among Hong Kong lenders since 2019.
The pace of cuts in the prime rate used by commercial banks ‘may be slower’ than those in the United States, warned Financial Secretary Paul Chan.
For a typical HK$5 million, 30-year loan priced at prime minus 1.75 per cent, a quarter-point cut in prime rates will save mortgage borrowers HK$720 per month.
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BOC has supported start-ups and SMEs in Hengqin as part of the country’s effort to diversify Macau’s economy, a senior executive said.
‘Hengqin has cheap land, low tax for both corporations and individuals, and a good living environment,’ official says.
The smallest cities such as Yangzhou, Huizhou and Dali posted the biggest drops, with their losses widening from July and June.
Independent non-executive directors are in focus after the stock market operator proposed a limit on the number of seats they can hold.
Beijing wants to send a strong message to auditors about their role as gatekeeper, Hong Kong lawmaker Edmund Wong says.
An explainer on the history of corporate governance reform and why independent directors are important.
The listing has been priced at HK$54.80 amid strong demand from global and local investors, setting the stage for ‘more mega deals’.
Bonds will support long-term infrastructure projects ‘for the good of the economy and people’s livelihood’, says financial secretary.
The yuan’s funding costs for trade finance are about 3 percentage points lower than loans priced in the US currency, Standard Chartered says.
Fourteen banks active in lending to the city’s small businesses have pledged to step up lending efforts to support their financing needs.
ZA Bank, the largest of the city’s eight online-only banks, reported a monthly profit in July, its first after nearly four years, driven by fees from its newly launched mutual fund and US stock trading business.
The global CEO visited two premier branches, where the staff walked him through the customer service and showed him the various digital solutions.
Key growth areas are the wealth hubs of Hong Kong and Singapore, alongside the emerging wealth markets of mainland China and India, CEO Moncreiffe says.
Bourse operator faces resistance to capping INEDs’ number and tenure, with critics arguing the timing was wrong and the focus should be on survival.
Sales surge 12 per cent to US$14.9 billion as mainland visitors continue buying spree to chase better returns and hedge the yuan.
A Mandarin-speaking chief executive may go some way to help HSBC mend ties with its biggest shareholder Ping An Insurance (Group), which has been agitating to break up the bank since 2022.
Georges Elhedery, who starts on Monday, creates a group-level information officer role and names a new CEO for global wealth and personal banking.
The regulator received a record 190 complaints for the financial year ended March 31 and carried out 77 investigations.
Profit from new business, a key measure of sales and the future growth of insurance companies, increased 8 per cent to US$1.47 billion, bolstered by improving sales in Southeast Asia and on the mainland.
Chui, who has more than two decades of experience in equity capital markets at various global banks, joins the HKEX as managing director and head of global issuer services.
The HKMA has expanded its Commercial Data Interchange electronic platform designed to help SMEs by linking up with the Companies Registry to share more data with banks.
China’s largest insurer sees opportunities serving Hongkongers who are living in the mainland cities of the Greater Bay Area – a group that has grown 11 per cent in the last five years.
Modifications to Chapter 18C and special-purpose acquisition company requirements will apply for three years from September 1, a move to boost the inclusivity and dynamism of HKEX’s listing framework.
Hong Kong’s business owners are cash-starved, as interest rates hover at the highest level in almost two decades.
China’s biggest insurer reported a 6.8 per cent gain in interim earnings, its best half-yearly performance in four years amid analysts’ pessimistic forecasts.
PwC’s mainland unit could face a 500 million yuan (US$70 million) fine and a six-month ban on business for its failure in the audit of bankrupt developer China Evergrande Group, sources say.
