Alun John

Alun John

Latest from Alun John

Hong Kong, China bank sectors vulnerable to crisis, says Bank of International Settlements
Global super rich are booking profits and slashing risk following February’s harsh shakeout, says Citi private bank
Hong Kong dollar plummets to weakest level in trading band in 33 years
Why Hong Kong’s banks are targeting growth again after years of cost-cutting

Rising interest rates and potential cost savings from technology offer opportunities for increased revenues

5 Mar 2018 - 7:48AM

Rising interest rates and potential cost savings from technology offer opportunities for increased revenues

Why Hong Kong’s banks are targeting growth again after years of cost-cutting
Investment in Hong Kong fintechs more than doubled last year, well ahead of Singapore and Australia

Accenture analysis also shows value of mainland fintech investment halved, but numbers grew to 146 deals last year, compared with 54 in 2016, to US$2.8b

2 Mar 2018 - 4:18PM

Accenture analysis also shows value of mainland fintech investment halved, but numbers grew to 146 deals last year, compared with 54 in 2016, to US$2.8b

Investment in Hong Kong fintechs more than doubled last year, well ahead of Singapore and Australia
Standard Chartered issues first dividend since 2015 as profit almost triples

The lender’s pre-tax profit for 2017 was US$3 billion, just short of the US$3.06 billion forecast by analysts in a Thomson Reuters poll

28 Feb 2018 - 12:02AM

The lender’s pre-tax profit for 2017 was US$3 billion, just short of the US$3.06 billion forecast by analysts in a Thomson Reuters poll

Standard Chartered issues first dividend since 2015 as profit almost triples
Hong Kong beats Singapore in expat survey by HSBC, but Mumbai best for salaries
Chinese banks poised for better times thanks to rising interest income, analysts say   

Morgan Stanley estimates that yields on new loans will rise by 60 basis points this year and next 

25 Feb 2018 - 10:47PM

Morgan Stanley estimates that yields on new loans will rise by 60 basis points this year and next 

Chinese banks poised for better times thanks to rising interest income, analysts say   
BEA to focus on mainland consumer lending, as 2017 profit up by more than 150 per cent

BEA’s profit upswing was related to ‘improvements in its asset quality and the bank’s net interest margin mildly expanding by 5 basis points, said one equity analyst

22 Feb 2018 - 11:36PM

BEA’s profit upswing was related to ‘improvements in its asset quality and the bank’s net interest margin mildly expanding by 5 basis points, said one equity analyst

BEA to focus on mainland consumer lending, as 2017 profit up by more than 150 per cent
HSBC shares fall even as 2017 profits soar 141pc; failure to buy back shares stuns investors
Hang Seng Bank set to report 16.5 per cent increase in net profit on Tuesday

Hang Seng Bank, Hong Kong’s third-largest bank by assets, is expected to report strong growth in its 2017 profit on Tuesday thanks to improved interest rate income.

19 Feb 2018 - 9:16AM

Hang Seng Bank, Hong Kong’s third-largest bank by assets, is expected to report strong growth in its 2017 profit on Tuesday thanks to improved interest rate income.

Hang Seng Bank set to report 16.5 per cent increase in net profit on Tuesday
HSBC expected to post 1.5 per cent rise in full year profit on Tuesday
Credit Suisse being investigated by US regulators for hiring Asian staff in exchange for business
HSBC becomes first international bank allowed to remit yuan to China
Hong Kong banks offer savers better interest rates but only on yuan deposits
Why more foreign institutions are buying Chinese stocks

In January institutions’ aggregate net-buy via stock connect was 35 billion yuan, compared to last year’s monthly average of 15 billion yuan

12 Feb 2018 - 8:00AM

In January institutions’ aggregate net-buy via stock connect was 35 billion yuan, compared to last year’s monthly average of 15 billion yuan

Why more foreign institutions are buying Chinese stocks
Someone hacked China’s central bank mailbox to email a bogus notice about bitcoin crackdown

A bogus invitation has been sent to US media organisations claiming that the Hong Kong Monetary Authority and People’s Bank of China are about to crack down on bitcoin trading in mainland China and Hong Kong.

8 Feb 2018 - 11:25PM

A bogus invitation has been sent to US media organisations claiming that the Hong Kong Monetary Authority and People’s Bank of China are about to crack down on bitcoin trading in mainland China and Hong Kong.

Someone hacked China’s central bank mailbox to email a bogus notice about bitcoin crackdown
Hong Kong banks’ efforts against money laundering to face scrutiny as global regulator’s visit looms
Profit growth at Hong Kong banks nearly doubles in 2017, says HKMA
HNA subsidiary sells Sydney office block for US$165 million

HNA subsidiary highlights sale of ‘mature investments at opportune time’, unloading Sydney office block it acquired in January 2012

26 Jan 2018 - 11:31PM

HNA subsidiary highlights sale of ‘mature investments at opportune time’, unloading Sydney office block it acquired in January 2012

HNA subsidiary sells Sydney office block for US$165 million
Virtual banks queue for slice of Hong Kong market, as HKMA pushes fintech adoption

Hong Kong Monetary Authority says it will publish revised guidelines for virtual banks ‘very soon’, adding to expectations licenses will be granted this year

26 Jan 2018 - 4:14PM

Hong Kong Monetary Authority says it will publish revised guidelines for virtual banks ‘very soon’, adding to expectations licenses will be granted this year

Virtual banks queue for slice of Hong Kong market, as HKMA pushes fintech adoption
Before China can remove implicit guarantees from financial system it must take these steps, says IMF
TVB abandons stock buy-back, dealing a blow to mainland mogul’s plan to extend control
A lost report caused China e-Wallet to misstate profit as a loss, landing it in SFC bad books

China e-Wallet Payment mistakenly reported a net loss for the first half of 2015, instead of HK$281.5 million (US$36 million) profit when a crucial document was lost in transit

23 Jan 2018 - 11:08AM

China e-Wallet Payment mistakenly reported a net loss for the first half of 2015, instead of HK$281.5 million (US$36 million) profit when a crucial document was lost in transit

A lost report caused China e-Wallet to misstate profit as a loss, landing it in SFC bad books
Sixth HNA unit suspends shares from trading in Shanghai
Bitcoin price tracks Google searches for the cryptocurrency as speculators fear missing out
Fintech giant Finastra launches centre of excellence with focus on banking at Hong Kong’s Cyberport
John Kerry: US will eventually join TPP and take part in China’s Belt and Road Initiative
HKMA launches consultation on opening up banks’ systems to third parties
How will Asian companies cope with Europe’s common standard on financial transparency?