Many foreign banks reportedly started to preemptively refuse accounts of senior Hong Kong officials as early as the end of July. Local politician Bernard Chan, part of the cabinet that Hong Kong’s chief executive Carrie Lam said US banked closed his accounts. Closing of accounts is the first step of banks’ compliance with the US…
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His career begun at Natixis Commodity Markets Limited in 1995 and in 1999 became a floor dealer before moving to Natixis Asia Limited as director and head of Metals Asia in Hong Kong. He moved to Newedge Financial Hong Kong Limited in 2012 where he was director and head of metals, establishing a new team…
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Morgan Ortagus, a State Department spokeswoman stated: Any effort to impose national security legislation that does not reflect the will of the people of Hong Kong would be highly destabilizing, and would be met with strong condemnation from the United States and the international community. Ortagus added: We urge Beijing to honor its commitments and…
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IS Prime Hong Kong, part of ISAM Capital Markets, has just announced that it has been granted a Type 3 Leveraged Foreign Exchange Trading licence by the Hong Kong Securities and Futures Commission (SFC). The licence enables IS Prime Hong Kong to offer Leveraged FX Trading services to institutional professional investors. The Responsible Officers for…
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Fintech is exploding in Hong Kong and the entire APAC region. The latest winner in terms of funding goals is the Hong Kong-based fintech company WeLab that just raised $156 million during its Series C funding round. Some of the investors included the China Construction Bank and Alibaba Hong Kong Entrepreneurs Fund. The Founder and CEO…
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The Hong Kong protests have pushed investors from around the globe to pull out nearly $5 billion in funds since April 2019, as reported by the Financial Times and the Bank of England. What is staggering is that this amount represents 1.3% of the GDP of Hong Kong. The data comes from Refinitiv, the Bank…
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The following article is courtesy of the liquidity and technology provider of solutions for the crypto and foreign exchange (FX) industry, B2Broker. The text below is an excerpt. Hong Kong is highly regarded as one of the best countries in the world to set up business, and thanks to its business-friendly policies, it has become…
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The Financial Markets Authority (FMA) has just issued a public warning against a scam company called Willow Group Limited. Details of the company can be seen below: Willow Group Limited Address: Rykaden Capital Tower, 135 Hoi Bun Road, Kwun Tong, Hong Kong Website: www.willowmgmt.com Email: [email protected] According to the regulator, Willow Group Limited is not…
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It's been a while since Tradays' last economic calendar geographical expansion - Spain and Italy were added back in January 2019. MetaQuotes Software Corp. announced today that 80 indicators have been recently added for Brazil, Hong Kong, Singapore and South Korea. The relevant index readings are collected in real time directly from public sources, including…
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Blockchain solutions have been missing an essential feature – the custodian one. Now, InVault, a Hong Kong-based cryptocurrency custodian service company, has recently launched after the country put new regulations valid for crypto exchanges and fund managers, requiring both to properly implement custodian solutions to their offerings and protect the virtual assets of their clients.…
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