Hang Seng Bank and HKSTP Announce Strategic Alliance to Drive Banking Innovation

Size: px
Start display at page:

Download "Hang Seng Bank and HKSTP Announce Strategic Alliance to Drive Banking Innovation"

Transcription

1 30 January 2019 Hang Seng Bank and HKSTP Announce Strategic Alliance to Drive Banking Innovation Cross-sector collaboration aimed at creating opportunities for fintech companies Hang Seng Bank (Hang Seng) and Hong Kong Science and Technology Parks Corporation (HKSTP) today announced a strategic alliance to help accelerate the development and deployment of fintech solutions for the banking sector in Hong Kong. The multi-dimensional alliance will also create new benefits and support for fintech companies by providing access to business advisory expertise, mutual-learning channels and tailor-made banking solutions. Under the alliance, Hang Seng and HKSTP have established a partnership to drive fintech innovation in four key areas: solution sourcing and development, corporate investment and acceleration, cultivation of innovators, and banking services. Solution sourcing and development: HKSTP will work with Hang Seng to identify fintech solutions from innovation and technology companies in the HKSTP ecosystem (I&T companies) that can help Hang Seng create new business opportunities, strengthen its digital service capabilities and enhance its operational efficiency. Corporate investment and acceleration: Working with HKSTP, Hang Seng will provide financial and business advisory expertise to enable I&T companies to commercialise their fintech innovations and develop their businesses. Hang Seng will also consider making direct investments in appropriate companies to create additional business synergy. Cultivation of innovators: Hang Seng and HKSTP will explore joint programmes such as job rotations, job shadowing and exchanges, training and seminars to build mutual-learning channels for employees of Hang Seng and I&T companies, and to facilitate the exchange and sharing of entrepreneurial, business operations, risk management and commercial innovation skillsets. more

2 Innovation / 2 Banking services: Hang Seng today launched Inno Booster, a tailor-made banking and financing solution under which eligible I&T companies will enjoy preapproved loans of up to HK$500,000, together with other preferential banking service offers. Hang Seng will also arrange designated relationship managers and servicing channels to provide dedicated support to I&T companies. For details of Inno Booster, please visit: hangseng.com/business/hkstp. This comprehensive collaboration between Hang Seng and HKSTP will benefit developers and users of fintech and the I&T sector in Hong Kong. Hang Seng s access to fintech companies will catalyse the development of cutting-edge tech-based solutions that enable banks to enhance their performance by improving efficiency and better serving customers needs. I&T companies will benefit from Hang Seng s industry expertise and financial services as they work to develop, refine and deploy innovative fintech solutions. Louisa Cheang, Vice-Chairman and Chief Executive of Hang Seng Bank, said: Hang Seng is delighted to have formed a strategic alliance with Hong Kong Science and Technology Parks Corporation to drive banking innovation in Hong Kong. Fintech is playing a pivotal role in transforming banking services in this new era of smart banking. Our active participation in various fintech initiatives, including our alliance with HKSTP, will accelerate the application of innovative digital solutions in the banking sector, and support the development of fintech talents in our city. Albert Wong, Chief Executive Officer of HKSTP, said: Rapid development in technologies such as artificial intelligence, blockchain, cloud and big data analytics will drive the digital transformation of the financial sector, create new consumer experiences, while also reinforcing Hong Kong s position in the global financial market. Through cross-sector collaboration, we will work closely with Hang Seng Bank to explore opportunities to further support HKSTP innovators and accelerate fintech innovation in Hong Kong. We are confident that today s partnership will further enrich our innovation and technology ecosystem, and will significantly boost the development and commercialisation of locally grown fintech solutions. more

3 Innovation / 3 Hang Seng and HKSTP s collaboration, fuelled by their respective strengths including Hang Seng s position and expertise as the leading domestic bank in Hong Kong and HKSTP s extensive research and development ecosystem will establish a partnership model for collaboration between the financial sector and the technology industry. # END # Photo caption Photo 1 Hang Seng Bank and Hong Kong Science and Technology Parks Corporation (HKSTP) have formed a strategic alliance to help accelerate the development and deployment of fintech solutions for the banking sector in Hong Kong and create new opportunities for fintech companies. Louisa Cheang, Vice-Chairman and Chief Executive of Hang Seng Bank (left), and Albert Wong, Chief Executive Officer of HKSTP (right), officiated at the launch ceremony.

4 Innovation / 4 Photo 2 Hang Seng Bank and Hong Kong Science and Technology Parks Corporation (HKSTP) today announced their strategic alliance to help drive banking innovation. The event was attended by: Louisa Cheang, Vice-Chairman and Chief Executive, Hang Seng Bank (6th from left); Albert Wong, Chief Executive Officer, HKSTP (6th from right); Gilbert Lee, Head of Strategy & Planning and Chief of Staff to Chief Executive, Hang Seng Bank (5th from left); George Tee, Chief Technology Officer, HKSTP (5th from right); Eunice Chan, Chief Operating Officer, Hang Seng Bank (4th from left); Claudia Xu, Chief Commercial Officer, HKSTP (4th from right); Elaine Wang, Head of Human Resources, Hang Seng Bank (3rd from left); Peter Yeung, Head of Electronics & ICT Clusters, Smart City Platform, HKSTP (3rd from right); Amos Chan, Head of Business Banking, Hang Seng Bank (2nd from left); Raymond Wong, Head of Investment, HKSTP (2nd from right); Nike Kong, Chief Information Officer, Hang Seng Bank (1st from left); and Joshua Yau, Senior Director, Strategic Planning (1st from right)

5 Innovation / 5 About Hang Seng Bank Founded in 1933, Hang Seng Bank operates around 270 service outlets serving both personal and business customers. The Bank also maintains branches in Macau and Singapore, and a representative office in Taipei. Established in May 2007, wholly owned subsidiary Hang Seng Bank (China) Limited is headquartered in Pudong, Shanghai, and operates a mainland China network with outlets in the Pearl River Delta, the Yangtze River Delta, the Bohai Rim Region and Midwest China. With total assets of HK$1,535 billion as at 30 June 2018, Hang Seng Bank reported a profit attributable to shareholders of HK$12,647 million for the first half of Hang Seng Bank is a principal member of the HSBC Group, one of the world s largest banking and financial services organisations. For further information on Hang Seng Bank, please visit the Bank's website at About Hong Kong Science and Technology Parks Corporation Comprising Science Park, InnoCentre and Industrial Estates, Hong Kong Science & Technology Parks Corporation (HKSTP) is a statutory body dedicated to building a vibrant innovation and technology ecosystem to connect stakeholders, nurture technology talents, facilitate collaboration, and catalyse innovations to deliver social and economic benefits to Hong Kong and the region. Established in May 2001, HKSTP has been driving the development of Hong Kong into a regional hub for innovation and growth in several focused clusters including Electronics, Information & Communications Technology, Green Technology, Biomedical Technology, Materials and Precision Engineering. We enable science and technology companies to nurture ideas, innovate and grow, supported by our R&D facilities, infrastructure, and market-led laboratories and technical centres with professional support services. We also offer value added services and comprehensive incubation programmes for technology start-ups to accelerate their growth. Technology businesses benefit from our specialised services and infrastructure at Science Park for applied research and product development; enterprises can find creative design support at InnoCentre; while skill-intensive businesses are served by our three industrial estates at Tai Po, Tseung Kwan O and Yuen Long. More information about HKSTP is available at

Hang Seng to Transform Ways of Working Unveils New Digital Floor at Head Office

Hang Seng to Transform Ways of Working Unveils New Digital Floor at Head Office 14 January 2019 Hang Seng to Transform Ways of Working Unveils New Digital Floor at Head Office Hang Seng Bank has taken a significant step forward with its Workplace Transformation project to enhance

More information

Brief Introduction. Hang Seng Mandatory Provident Fund

Brief Introduction. Hang Seng Mandatory Provident Fund Brief Introduction Hang Seng Mandatory Provident Fund Important notes fund schemes. The Hang Seng Mandatory Provident Fund SuperTrust Plus and ValueChoice are mandatory provident You should consider your

More information

China Merchants Bank Reports 2009 Third Quarter Results

China Merchants Bank Reports 2009 Third Quarter Results China Merchants Bank Reports 2009 Third Quarter Results Results Highlights Results increases over second quarter Strategic transformation yields results Net profit attributable to the Bank s shareholders

More information

HANG SENG SURVEY: MAINLAND AND HONG KONG INVESTORS BECOMING MORE PROACTIVE IN ASSET ALLOCATION OPTIMISATION

HANG SENG SURVEY: MAINLAND AND HONG KONG INVESTORS BECOMING MORE PROACTIVE IN ASSET ALLOCATION OPTIMISATION 23 February 2017 HANG SENG SURVEY: MAINLAND AND HONG KONG INVESTORS BECOMING MORE PROACTIVE IN ASSET ALLOCATION OPTIMISATION Increasing Demand for Global and Product Allocation The mainland China capital

More information

Forward-looking Statements

Forward-looking Statements 2017 Annual Results Forward-looking Statements This presentation and subsequent discussion may contain certain forward-looking statements with respect to the financial condition, results of operations

More information

News Flash China Tax and Business Advisory. July 2017 Issue 26. In brief. In detail.

News Flash China Tax and Business Advisory. July 2017 Issue 26. In brief. In detail. News Flash China Tax and Business Advisory th July 2017 Issue 26 In brief Shanghai Pudong New Area, which shoulders the important mission of China s reform on opening-up, has also recently been given the

More information

The economic environment in 2005 created both opportunities and challenges for Hang Seng s business.

The economic environment in 2005 created both opportunities and challenges for Hang Seng s business. 15 OUR STRATEGY RESULTS CHIEF EXECUTIVE S IN BRIEF REPORT RESULTS IN BRIEF The economic environment in 2005 created both opportunities and challenges for Hang Seng s business. The upward trend in interest

More information

The following is the text of an announcement made today by Hang Seng Bank, a per cent owned subsidiary of the HSBC Group. CONNECTED TRANSACTION

The following is the text of an announcement made today by Hang Seng Bank, a per cent owned subsidiary of the HSBC Group. CONNECTED TRANSACTION Abc The following is the text of an announcement made today by Hang Seng Bank, a 62.14 per cent owned subsidiary of the HSBC Group. 20 May 2010 CONNECTED TRANSACTION ACQUISITION OF PROPERTY AND NAMING

More information

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED 2008 INTERIM CONSOLIDATED RESULTS - HIGHLIGHTS

THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED 2008 INTERIM CONSOLIDATED RESULTS - HIGHLIGHTS 4 August 2008 THE HONGKONG AND SHANGHAI BANKING CORPORATION LIMITED 2008 INTERIM CONSOLIDATED RESULTS - HIGHLIGHTS Net operating income before loan impairment charges and other credit risk provisions up

More information

OCBC BANK SIGNS PARTNERSHIP AGREEMENTS WITH BANK OF SHANGHAI AND SIIC TRADE GROUP

OCBC BANK SIGNS PARTNERSHIP AGREEMENTS WITH BANK OF SHANGHAI AND SIIC TRADE GROUP MEDIA RELEASE Media Release Includes suggested Tweets, Facebook posts, keywords and official hashtags OCBC BANK SIGNS PARTNERSHIP AGREEMENTS WITH BANK OF SHANGHAI AND SIIC TRADE GROUP The alliances build

More information

Forward-looking Statements

Forward-looking Statements 2016 Annual Results Forward-looking Statements This presentation and subsequent discussion may contain certain forward-looking statements with respect to the financial condition, results of operations

More information

ENGAGED AND EVER-GROWING...

ENGAGED AND EVER-GROWING... 連繫 前行 ANNUAL REPORT 2017 ENGAGED AND EVER-GROWING... The cover and images appearing inside this year's annual report illustrate the integral relationship between Hang Seng Bank and the communities it serves.

More information

FINANCIAL AND BUSINESS REVIEW FOR THE FIRST QUARTER OF 2018

FINANCIAL AND BUSINESS REVIEW FOR THE FIRST QUARTER OF 2018 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

Outline of the Interim Report on Policy for Global Financial City Tokyo

Outline of the Interim Report on Policy for Global Financial City Tokyo Material 3-1 Outline of the Interim Report on Policy for Global Financial City Tokyo June 2017 Tokyo Metropolitan Government 4 Interim Report on Policy for Global Financial City Tokyo Revitalizing the

More information

Keynote Address by Mr John Leung, CEO, Insurance Authority 12th Asian Insurance CFO Summit th May 2018, Hong Kong

Keynote Address by Mr John Leung, CEO, Insurance Authority 12th Asian Insurance CFO Summit th May 2018, Hong Kong Keynote Address by Mr John Leung, CEO, Insurance Authority 12th Asian Insurance CFO Summit 2018 24th May 2018, Hong Kong Recent Developments of the Hong Kong Insurance Industry and the Insurance Authority

More information

Hang Seng Bank Limited Macau Branch. Financial disclosure (unaudited)

Hang Seng Bank Limited Macau Branch. Financial disclosure (unaudited) Hang Seng Bank Limited Macau Branch Financial disclosure (unaudited) for the six-month period ended 30 June 2017 Balance sheet as of 30 June 2017 Provisions, Assets amortisation and Assets Assets gross

More information

FINANCIAL AND BUSINESS REVIEW FOR THE THIRD QUARTER OF 2017

FINANCIAL AND BUSINESS REVIEW FOR THE THIRD QUARTER OF 2017 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

ICBCAIM Changes Name to ICBC Asset Management (Global) Sets up Flagship to Speed up Development of ICBC s Global Asset Management Operation

ICBCAIM Changes Name to ICBC Asset Management (Global) Sets up Flagship to Speed up Development of ICBC s Global Asset Management Operation ICBCAIM Changes Name to ICBC Asset Management (Global) Sets up Flagship to Speed up Development of ICBC s Global Asset Management Operation 19 October 2017, Hong Kong Industrial and Commercial Bank of

More information

IGNITE STRONG MOMENTUM Hong Kong Science and Technology Parks Corporation Report of the Directors and Financial Statements

IGNITE STRONG MOMENTUM Hong Kong Science and Technology Parks Corporation Report of the Directors and Financial Statements Foster Industry Collaboration Promote STEM Education Facilitate Knowledge Transfer Groom Start-ups Foster Cluster Collaboration Develop New Industries Drive for Growth Attract Investors in Technology Nurture

More information

Attributable profit up 21% to HK$24,211m (HK$20,018m in 2017). Profit before tax up 20% to HK$28,432m (HK$23,674m in 2017).

Attributable profit up 21% to HK$24,211m (HK$20,018m in 2017). Profit before tax up 20% to HK$28,432m (HK$23,674m in 2017). 19 February 2019 2018 ANNUAL RESULTS - HIGHLIGHTS Attributable profit up 21% to HK$24,211m (HK$20,018m in 2017). Profit before tax up 20% to HK$28,432m (HK$23,674m in 2017). Operating profit up 19% to

More information

China Zheshang Bank Co., Ltd. (2016.HK) 2016 Annual Results Announcement

China Zheshang Bank Co., Ltd. (2016.HK) 2016 Annual Results Announcement China Zheshang Bank Co., Ltd. (2016.HK) 2016 Annual Results Announcement March 13, 2017 Disclaimer This document is prepared by China Zheshang Bank Co., Ltd. (the Bank ) without independent verification.

More information

HANG SENG BANK LIMITED 2006 RESULTS - HIGHLIGHTS

HANG SENG BANK LIMITED 2006 RESULTS - HIGHLIGHTS 5 March 2007 HANG SENG BANK LIMITED 2006 RESULTS - HIGHLIGHTS Operating profit up 13.6 per cent to HK$12,576 million (HK$11,068 million in 2005). Operating profit excluding loan impairment charges and

More information

CONTENTS OUR PERFORMANCE OUR STRATEGY

CONTENTS OUR PERFORMANCE OUR STRATEGY CONTENTS OUR PERFORMANCE 4 Results in Brief 5 Five-year Financial Summary 6 Major Events 2005 8 Major Awards and Ratings OUR PEOPLE 66 Biographical Details of Directors 70 Biographical Details of Senior

More information

CONNECTED TRANSACTIONS BUILDING IMPROVEMENTS AT BANK PROPERTIES

CONNECTED TRANSACTIONS BUILDING IMPROVEMENTS AT BANK PROPERTIES Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

CLSA Investors Forum September Mrs Margaret Leung Vice-Chairman and Chief Executive Hang Seng Bank

CLSA Investors Forum September Mrs Margaret Leung Vice-Chairman and Chief Executive Hang Seng Bank CLSA Investors Forum 2011 21 September 2011 Mrs Margaret Leung Vice-Chairman and Chief Executive Hang Seng Bank Good afternoon, ladies and gentlemen. I am delighted to have the opportunity to speak with

More information

Forward-looking Statements

Forward-looking Statements 2018 Annual Results Forward-looking Statements This presentation and subsequent discussion may contain certain forward-looking statements with respect to the financial condition, results of operations

More information

A New Chapter, Our Shared Future

A New Chapter, Our Shared Future Mobile access QR code for 2016 Interim Results Announcement A New Chapter, Our Shared Future 2016 Interim Results August 30, 2016 Forward-Looking Statement Disclaimer This presentation and subsequent discussions

More information

DUBAI & UAE. A Global Hub

DUBAI & UAE. A Global Hub GATEWAY TO GROWTH TRADE AVIATION TOURISM FINANCE DUBAI & UAE A Global Hub 2 DUBAI & UAE Opportunity to Increase Contribution 6% 12% 18% to the Dubai GDP 2004 2014 2024 3 WELCOME TO THE DIFC DIFC is one

More information

BE THE ONE Take on The Challenge Create Your Legacy

BE THE ONE Take on The Challenge Create Your Legacy BE THE ONE Take on The Challenge Create Your Legacy Content Vision Key Facts No.1 Development Department Management Trainee Programme Graduate Programme Requirement Recruitment Process VISION Your Premier

More information

Ravi Menon: Stepping up the Chongqing-Singapore connection

Ravi Menon: Stepping up the Chongqing-Singapore connection Ravi Menon: Stepping up the Chongqing-Singapore connection Keynote address by Mr Ravi Menon, Managing Director of the Monetary Authority of Singapore, at the Singapore-China (Chongqing) Financial Conference,

More information

CHINA UNICOM ANNOUNCES 2017 ANNUAL RESULTS

CHINA UNICOM ANNOUNCES 2017 ANNUAL RESULTS To: Business/Finance Editors CHINA UNICOM ANNOUNCES 2017 ANNUAL RESULTS Highlights: Profitability rebounded as planned benefiting from deepened implementation of the Strategy of Focus, Innovation and Cooperation

More information

ANNOUNCEMENT RESTRUCTURING. This announcement is made by the Company on a voluntary basis.

ANNOUNCEMENT RESTRUCTURING. This announcement is made by the Company on a voluntary basis. Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

China Telecom Corporation Limited Announces Interim Results for Year 2017

China Telecom Corporation Limited Announces Interim Results for Year 2017 China Telecom Corporation Limited Announces Interim Results for Year 2017 Press Release 23 August 2017 For Immediate Release Effectively responded to the intensified competition Operating results continued

More information

Hong Kong & Mainland China News March-2019

Hong Kong & Mainland China News March-2019 Hong Kong & Mainland China News March-2019 Tax info legal framework to refine Friday, March 1, 2019 The legal framework of automatic exchange of financial account information in tax matters will be refined

More information

Co-operation Agreement

Co-operation Agreement 12 September 2017 Co-operation Agreement UNITED KINGDOM HONG KONG Insurance Authority Contents 1. Definitions 3 2. Introduction 4 3. Purpose 4 4. Principles 4 5. Scope of assistance 4 6. Confidentiality

More information

Group: The individual customer base grew to 143 million persons, up 9.3% YTD, with profit per customer up 18.5% YoY to RMB

Group: The individual customer base grew to 143 million persons, up 9.3% YTD, with profit per customer up 18.5% YoY to RMB Ping An reports RMB 43,427 million in Net Profit Attributable to Shareholders of Parent Company for Interim 2017, Dividend per Share jumps 150% and New Business Value grows 46.2% (Shanghai, Hong Kong,

More information

* * * * * Executive Directors: (Vice Chairman and Chief Executive)

* * * * * Executive Directors: (Vice Chairman and Chief Executive) BOC HONG KONG (HOLDINGS) LIMITED (the Company, BOCHK ) QUESTION AND ANSWER SESSION CONVENED IMMEDIATELY AFTER ANNUAL GENERAL MEETING HELD ON 6 JUNE 2016 * * * * * Present: Executive Directors: Mr. Yue

More information

2017 Results Announcement

2017 Results Announcement 2017 Results Announcement Beijing/Hong Kong March 28, 2018 Disclaimer This information was prepared by the China Construction Bank Corporation ( CCB or the Bank ), without being independently verified.

More information

Ping An Net Profit Attributable to Shareholders of Parent Company Surged 42.8% in 2017 Dividend per Share Jumped 100%

Ping An Net Profit Attributable to Shareholders of Parent Company Surged 42.8% in 2017 Dividend per Share Jumped 100% Ping An Net Profit Attributable to Shareholders of Parent Company Surged 42.8% in 2017 Dividend per Share Jumped 100% (Shanghai, Hong Kong, March 20, 2018) Ping An Insurance (Group) Company of China, Ltd.

More information

The Bank of East Asia, Limited 2017 Final Results - Highlights (for year ended 31 st December, 2017)

The Bank of East Asia, Limited 2017 Final Results - Highlights (for year ended 31 st December, 2017) For Immediate Release Hong Kong, 22 nd February, 2018 The Bank of East Asia, Limited 2017 Final Results - Highlights (for year ended 31 st December, 2017) Strong results delivering EPS growth of 165% to

More information

FinTech Opportunities and Challenges for securities companies

FinTech Opportunities and Challenges for securities companies FinTech Opportunities and Challenges for securities companies 23 rd ASF AGM 2018 Lynn Kuo CIO and Executive Vice President Head of Innovation Technology Department CAPITAL Securities Corp. 23 rd ASF AGM

More information

credit risk: loss resulting from customer or counterparty default and arises on credit exposure in all forms, including settlement risk.

credit risk: loss resulting from customer or counterparty default and arises on credit exposure in all forms, including settlement risk. (This information is available in English only) Citicorp International Limited In accordance to CG-1 of the Supervisory Policy Manual issued by the Hong Kong Monetary Authority, we append the disclosure

More information

Forward-looking Statements

Forward-looking Statements 2014 Annual Results Forward-looking Statements This presentation and subsequent discussion may contain certain forward-looking statements with respect to the financial condition, results of operations

More information

China Mobile Limited Stock Code: 941 INTERIM REPORT 2016 CONNECTING ALL

China Mobile Limited Stock Code: 941 INTERIM REPORT 2016 CONNECTING ALL China Mobile Limited Stock Code: 941 INTERIM REPORT 2016 CONNECTING ALL Contents 1 Financial Highlights 2 Chairman s Statement 9 Financial Review 11 Interim Financial Information 11 Unaudited Condensed

More information

2018/19 HKSAR Budget Commentary. Sarah Chan / Alfred Chan March 1, 2018

2018/19 HKSAR Budget Commentary. Sarah Chan / Alfred Chan March 1, 2018 2018/19 HKSAR Budget Commentary Sarah Chan / Alfred Chan March 1, 2018 Contents Statistics in 2018/19 Budget Relief Measures for Individuals Relief Measures for Businesses Overall Comments Tax Tips 2018.

More information

Insurance Summit Mr Raymond Tam Executive Director (Policy and Development) Insurance Authority 21 September 2017

Insurance Summit Mr Raymond Tam Executive Director (Policy and Development) Insurance Authority 21 September 2017 Insurance Summit 2017 Mr Raymond Tam Executive Director (Policy and Development) Insurance Authority 21 September 2017 Priority of Policy Initiatives Development of risk-based capital regime Facilitation

More information

Industrial and Commercial Bank of China Ltd.

Industrial and Commercial Bank of China Ltd. Industrial and Commercial Bank of China Ltd. 2006 Results Announcement (International Accounting Standards) April 2007 1 Disclaimer The material in this presentation is not to be construed as an offer

More information

2016 Annual Results Press Release

2016 Annual Results Press Release China Merchants Bank Announces 2016 Annual Results Adhered to the Light-operation Bank strategy with enhanced edges of One Body with Two Wings Net profit reached RMB62.081 billion, up 7.60% year-on-year

More information

CONNECTED TRANSACTION PROVISION OF FINANCIAL ASSISTANCE TO A NON-WHOLLY OWNED SUBSIDIARY

CONNECTED TRANSACTION PROVISION OF FINANCIAL ASSISTANCE TO A NON-WHOLLY OWNED SUBSIDIARY The Stock Exchange of Hong Kong Limited takes no responsibility for the contents of this announcement, makes no representation as to its accuracy or completeness and expressly disclaims any liability whatsoever

More information

WeChat Update Investor Web Conference Call OCTOBER 2018

WeChat Update Investor Web Conference Call OCTOBER 2018 WeChat Update Investor Web Conference Call OCTOBER 2018 2 WHO WE ARE Listed ASX (IVO) Data-driven solutions that help brands, retailers and commerce businesses compete and grow in more profitable ways.

More information

Chief Executive s Report

Chief Executive s Report YUE Yi Vice Chairman & Chief Executive 2014 marked another year of success for the Group in terms of our business development and growth, with record high results achieved in revenue and profits. The overall

More information

CONTENTS. The abbreviations HK$m and HK$bn represent millions and billions of Hong Kong dollars respectively.

CONTENTS. The abbreviations HK$m and HK$bn represent millions and billions of Hong Kong dollars respectively. CONTENTS 1 Results in Brief 2 Chairman s Statement* 3 Chief Executive s Report* 5 Financial Review 14 Risk and Capital Management (unaudited) 14 Risk Management 21 Capital Management 24 Condensed Consolidated

More information

AXA. Nicolas Moreau Member of the AXA Management Committee Chairman & Chief Executive Officer of AXA France

AXA. Nicolas Moreau Member of the AXA Management Committee Chairman & Chief Executive Officer of AXA France AXA Nicolas Moreau Member of the AXA Management Committee Chairman & Chief Executive Officer of AXA France 14th edition of The Premium Review Société Générale Corporate & Investment Banking December 2,

More information

Stock Exchange of Mauritius: Newsletter

Stock Exchange of Mauritius: Newsletter Stock Exchange of Mauritius: Newsletter December 2017 INSIDE THIS ISSUE: 1 EXCHANGE NEWS: The Stock Exchange of Mauritius launches the SEM Bond index (SEM- BI) 2 INSIGHT: SEM interviews Kee Chong Li Kwong

More information

Chairman Chen 1, distinguished guests, ladies and gentlemen. Good Morning.

Chairman Chen 1, distinguished guests, ladies and gentlemen. Good Morning. 13 th Annual Meeting & Conference of the Asian Forum of Insurance Regulators (AFIR) 7 June 2018 Welcome Remarks by Dr Moses Cheng Chairman of the Insurance Authority Chairman Chen 1, distinguished guests,

More information

Belt and Road Initiative (BRI) Clement Cheung Chief Executive Officer Insurance Authority 12 October 2018

Belt and Road Initiative (BRI) Clement Cheung Chief Executive Officer Insurance Authority 12 October 2018 Belt and Road Initiative (BRI) Clement Cheung Chief Executive Officer Insurance Authority 12 October 2018 1 What is BRI Source: Swiss Re Economic Research & Consulting. 2 What is BRI Five Areas of Connectivity

More information

Review and Outlook of Chinese Banks in Hong Kong

Review and Outlook of Chinese Banks in Hong Kong Review and Outlook of Chinese Banks in Hong Kong KPMG China December 2017 kpmg.com/cn 01 Review and Outlook of Chinese Banks in Hong Kong 2017 is the 20th anniversary since Hong Kong returned to mainland

More information

The Bank of East Asia, Limited 2017 Interim Results - Highlights (for the six month ended 30 th June, 2017)

The Bank of East Asia, Limited 2017 Interim Results - Highlights (for the six month ended 30 th June, 2017) Hong Kong, 25 th August, 2017 For Immediate Release The Bank of East Asia, Limited 2017 Interim Results - Highlights (for the six month ended 30 th June, 2017) Achieved strong recovery in earnings Asset

More information

Commission proposal for Horizon Europe. #HorizonEU THE NEXT EU RESEARCH & INNOVATION PROGRAMME ( ) Jean-Eric Paquet. Research and Innovation

Commission proposal for Horizon Europe. #HorizonEU THE NEXT EU RESEARCH & INNOVATION PROGRAMME ( ) Jean-Eric Paquet. Research and Innovation Research and Innovation Commission proposal for Horizon Europe THE NEXT EU RESEARCH & INNOVATION PROGRAMME (2021 2027) #HorizonEU Jean-Eric Paquet Horizon Europe is the Commission proposal for a 100 billion

More information

BOCHK achieved 17.7% year-on-year growth in profit attributable to equity holders from continuing operations in the first half

BOCHK achieved 17.7% year-on-year growth in profit attributable to equity holders from continuing operations in the first half 28 August 2018 BOCHK achieved 17.7% year-on-year growth in profit attributable to equity holders from continuing operations in the first half BOC Hong Kong (Holdings) Limited ( the Company, stock code

More information

Chairman s Statement. Chairman and Managing Director LIM Por Yen

Chairman s Statement. Chairman and Managing Director LIM Por Yen Chairman and Managing Director LIM Por Yen 4 GROUP RESULTS The Group reported a consolidated net profit attributable to shareholders of HK$123,570,000 for the year ended 31st July, 2004, compared with

More information

Hang Seng Bank Limited Macau Branch

Hang Seng Bank Limited Macau Branch Hang Seng Bank Limited Macau Branch Financial disclosure for the six-month period ended 30 June 2014 The information in this financial disclosure is not audited. Balance sheet as of 30 June 2014 Provisions,

More information

2017 INTERIM RESULTS

2017 INTERIM RESULTS 2017 INTERIM RESULTS 18 August 2017 CONTENTS 1 2 3 Financial Highlights Business Updates Outlook 2 FINANCIAL HIGHLIGHTS Significant Growth in Revenue and Gross Profit Revenue was approx. RMB11.94 bn, +135.0%

More information

HANG SENG BANK LIMITED 2013 INTERIM RESULTS - HIGHLIGHTS

HANG SENG BANK LIMITED 2013 INTERIM RESULTS - HIGHLIGHTS 5 August 2013 HANG SENG BANK LIMITED 2013 INTERIM RESULTS - HIGHLIGHTS Attributable profit up 100% to HK$18,468m (HK$9,253m for the first half of 2012). Excluding the Industrial Bank reclassification,

More information

A New Chapter Our Shared Future 2015 Annual Results

A New Chapter Our Shared Future 2015 Annual Results A New Chapter Our Shared Future 2015 Annual Results 2016.03.30 Forward-Looking Statement Disclaimer This presentation and subsequent discussions may contain forward-looking statements that involve risks

More information

HSBC Holdings plc. Overseas Regulatory Announcement

HSBC Holdings plc. Overseas Regulatory Announcement Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this document, make no representation as to its accuracy or completeness

More information

CONTENTS Results in Brief Chairman s Statement * Chief Executive s Report * Financial Review Consolidated Income Statement (unaudited)

CONTENTS Results in Brief Chairman s Statement * Chief Executive s Report * Financial Review Consolidated Income Statement (unaudited) CONTENTS 1 Results in Brief 2 Chairman s Statement * 4 Chief Executive s Report * 7 Financial Review 19 Consolidated Income Statement (unaudited) 20 Consolidated Statement of Comprehensive Income (unaudited)

More information

Convenience Retail Asia reports sustained growth in turnover and profit for first half

Convenience Retail Asia reports sustained growth in turnover and profit for first half For Immediate Release Convenience Retail Asia reports sustained growth in turnover and profit for first half Business momentum continues despite surging costs Hong Kong, 4 Aug 2008 ( CRA or the Group ;

More information

Greater Bay Area. Taxation. Photography by Calvin Sit

Greater Bay Area. Taxation. Photography by Calvin Sit Taxation (Left to right, back) Sarah Chan, William Chan (left to right, front) Daniel Hui, Lorraine Cheung and Catherine Tsang A unified Greater Bay Area, linking key Mainland cities to Hong Kong and Macau,

More information

MEDIA RELEASE. The two pilot payment transactions were:

MEDIA RELEASE. The two pilot payment transactions were: MEDIA RELEASE Media Release Includes suggested Tweets, Facebook posts, keywords and official hashtags OCBC BANK IS FIRST BANK IN SOUTHEAST ASIA TO USE BLOCKCHAIN TECHNOLOGY FOR CROSS-BORDER PAYMENT SERVICES

More information

CONTINUING CONNECTED TRANSACTION SUPPLY AGREEMENT WITH TVBC

CONTINUING CONNECTED TRANSACTION SUPPLY AGREEMENT WITH TVBC Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

Deloitte s Global Financial Services LCSP Forum 11 April 2018 Speech by Dr Moses Cheng Chairman of the Insurance Authority

Deloitte s Global Financial Services LCSP Forum 11 April 2018 Speech by Dr Moses Cheng Chairman of the Insurance Authority Deloitte s Global Financial Services LCSP Forum 11 April 2018 Speech by Dr Moses Cheng Chairman of the Insurance Authority Bob 1, distinguished guests, ladies and gentlemen, Good Morning. I am most delighted

More information

Spotlight: Tax operating models Technology disruption in sourcing decisions

Spotlight: Tax operating models Technology disruption in sourcing decisions December 2017 Spotlight: Tax models Technology disruption in sourcing decisions The Tax Function of the Future A Focus on Today series spotlights topics relevant to Tax with a focus on what Tax needs to

More information

OCBC Group Wealth Platform

OCBC Group Wealth Platform OCBC Group Wealth Platform Ching Wei Hong Chief Operating Officer 07 September 2015 Disclaimer: This material should be read as an overview of OCBC s current business activities and operating environment.

More information

UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION

UNAUDITED SUPPLEMENTARY FINANCIAL INFORMATION The information set out below does not form part of the Accountants Report prepared by the independent reporting accountants, Ernst & Young, Certified Public Accountants, Hong Kong, as set out in Appendix

More information

CRA announces robust sales growth and increased profit for 2010

CRA announces robust sales growth and increased profit for 2010 For Immediate Release CRA announces robust sales growth and increased profit for 2010 Circle K business in Guangzhou shows significant bottom-line improvement Hong Kong, 9 March 2011 Convenience Retail

More information

Financial & Professional Services

Financial & Professional Services CBBC Sector Initiatives & Highlights Financial & Professional Services www.cbbc.org 建议 Advice Ι 支持 Support Ι 网络 Networking Sector Overview - Financial & Professional Services The UK and China have an unparalleled

More information

China Life Insurance (Singapore) Pte. Ltd. PUBLIC DISCLOSURE

China Life Insurance (Singapore) Pte. Ltd. PUBLIC DISCLOSURE China Life Insurance (Singapore) Pte. Ltd. PUBLIC DISCLOSURE For the Financial Year Ended 31 December 2015 Company Profile China Life Insurance (Singapore) Pte. Ltd. ( we, us, our ) is a private limited

More information

BUSINESS. We believe that the following competitive strengths are important to our success and will continue to contribute to our growth:

BUSINESS. We believe that the following competitive strengths are important to our success and will continue to contribute to our growth: OVERVIEW We are one of the leading integrated securities trading platform service providers serving primarily Hong Kong Brokerage Firms and their clients. Our Hong Kong Brokerage Firm customers are all

More information

Dr Simon Kwok, JP Chairman & CEO

Dr Simon Kwok, JP Chairman & CEO Chairman's Statement We will continue to expand our presence in the region and to grow at a prudent pace in both our overseas markets and in Mainland China. Dr Simon Kwok, JP Chairman & CEO 16 The fiscal

More information

ESTABLISHMENT OF SHANGHAI-HONG KONG STOCK CONNECT

ESTABLISHMENT OF SHANGHAI-HONG KONG STOCK CONNECT Pursuant to Chapter 38 of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited, the Securities and Futures Commission regulates Hong Kong Exchanges and Clearing Limited

More information

Commercial Banking Services

Commercial Banking Services Commercial Banking Services Fees and s (Effective from 1 January 2013) A. Deposit Services B. Remittances and Foreign Exchange Services C. Trade Services D. Autopay Services E. Securities and Investment

More information

2018 INTERIM RESULTS RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2018

2018 INTERIM RESULTS RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2018 Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

DISCLOSEABLE TRANSACTION COOPERATION AGREEMENT FOR ESTABLISHMENT OF AN OBSTETRICS AND GYNECOLOGY AND PEDIATRICS HOSPITAL

DISCLOSEABLE TRANSACTION COOPERATION AGREEMENT FOR ESTABLISHMENT OF AN OBSTETRICS AND GYNECOLOGY AND PEDIATRICS HOSPITAL Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness

More information

UOB is rated among the world s top banks: Aa1 by Moody s and AA- by Standard and Poor s and Fitch Ratings respectively.

UOB is rated among the world s top banks: Aa1 by Moody s and AA- by Standard and Poor s and Fitch Ratings respectively. UOB, your partner in Asia United Overseas Bank Limited (UOB) is a leading bank in Asia with a global network of more than 500 offices in 19 countries and territories in Asia Pacific, Western Europe and

More information

Now or Never China CEO Outlook. kpmg.com/cn

Now or Never China CEO Outlook. kpmg.com/cn Now or Never 2016 China CEO Outlook 2016 kpmg.com/cn CEO Outlook 2016 China Summary Against the background of an ever-changing business environment, CEOs of the China-headquartered companies surveyed are

More information

ANZ appoints Hongkong and Shanghai Bank s Michael Smith to succeed John McFarlane on 1 October 2007

ANZ appoints Hongkong and Shanghai Bank s Michael Smith to succeed John McFarlane on 1 October 2007 For Release: 12 June 2007 Corporate Communications 100 Queen Street Melbourne Vic 3000 www.anz.com ANZ appoints Hongkong and Shanghai Bank s Michael Smith to succeed John McFarlane on 1 October 2007 Mr

More information

Timeless Software Limited

Timeless Software Limited Timeless Software Limited (incorporated in Hong Kong with limited liability) RESULTS ANNOUNCEMENT For the year ended 31 March 2003 Characteristics of The Growth Enterprise Market ( GEM ) of The Stock Exchange

More information

Hong Kong & Mainland China News June-2018

Hong Kong & Mainland China News June-2018 Hong Kong & Mainland China News June-2018 Chinese manufacturing defies the odds Friday, June 1, 2018 China's vast manufacturing sector grew at the fastest pace in eight months in May, blowing past expectations

More information

HANG SENG BANK LIMITED 2011 RESULTS - HIGHLIGHTS. Attributable profit up 12% to HK$16,680m (HK$14,917m in 2010).

HANG SENG BANK LIMITED 2011 RESULTS - HIGHLIGHTS. Attributable profit up 12% to HK$16,680m (HK$14,917m in 2010). 27 February 2012 HANG SENG BANK LIMITED 2011 RESULTS - HIGHLIGHTS Attributable profit up 12% to HK$16,680m (HK$14,917m in 2010). Profit before tax up 11% to HK$19,213m (HK$17,345m in 2010). Operating profit

More information

No PRIIPs KID No PRIIPs key information document (KID) has been prepared as not available to retail in EEA.

No PRIIPs KID No PRIIPs key information document (KID) has been prepared as not available to retail in EEA. Hong Kong Exchanges and Clearing Limited and the Stock Exchange take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim

More information

HONG KONG SCIENCE AND TECHNOLOGY PARKS CORPORATION

HONG KONG SCIENCE AND TECHNOLOGY PARKS CORPORATION Description The Hong Kong Science and Technology Parks Corporation (HKSTP) is now inviting qualified and experienced Contractors to apply for pre-qualification for inclusion in the tenderer s list of Design

More information

Hong Kong & Mainland China News May-2018

Hong Kong & Mainland China News May-2018 Hong Kong & Mainland China News May-2018 Xiaomi picks Hong Kong for its 'US$10bn' listing By news.rthk.hk Thursday, May 3, 2018 Smartphone maker Xiaomi has kicked off what is expected to be the world's

More information

INNOVATING IN THE NEW

INNOVATING IN THE NEW 2018 LETTER TO SHAREHOLDERS INNOVATING IN THE NEW NEW APPLIED NOW DELIVERING IN FISCAL 2018 Accenture delivered outstanding financial results in fiscal 2018, reflecting excellent demand for our differentiated

More information

ALLFINANZ Digital New Business & Underwriting

ALLFINANZ Digital New Business & Underwriting Digital New Business & Underwriting Transform underwriting into a sales enabler and profit driver Life Group Health Disability www.munichre.com/automation-solutions Digital New Business and Underwriting

More information

News Release. The Hongkong and Shanghai Banking Corporation Limited. 4 March 2015

News Release. The Hongkong and Shanghai Banking Corporation Limited. 4 March 2015 News Release 4 March 2015 HSBC ISSUES COMMEMORATIVE 150 th ANNIVERSARY BANKNOTE IN HONG KONG Public subscription and auction to start from 5 to 21 March Net proceeds to be donated to local charities HSBC

More information

About Us. We provide cross-border value added services on

About Us. We provide cross-border value added services on About Us Haitong is a leading Chinese investment bank with securities and banking activities worldwide Clients are at the heart of our business We leverage on China s cross-border flows with deep-rooted

More information

Shui On Land Announces 2011 Interim Results

Shui On Land Announces 2011 Interim Results Press Release Shui On Land Announces 2011 Interim Results The Ongoing Three-Year Plan: Professional Operations - Strong Execution - Accelerating Development Contracted sales for the first half of 2011

More information

2 The Future of Trade

2 The Future of Trade SNAPSHOT 2 The Future of Trade i THE FUTURE OF TRADE SNAPSHOT New research predicts sweeping advances in tech and finance will fuel global trade over next decade. The research, commissioned by DMCC, highlights

More information

Press Release For Immediate Release. Shanghai Commercial Bank Announced Interim Consolidated Profit of HK$879.4 Million

Press Release For Immediate Release. Shanghai Commercial Bank Announced Interim Consolidated Profit of HK$879.4 Million Press Release For Immediate Release Shanghai Commercial Bank Announced 2016 Interim Consolidated Profit of HK$879.4 Million Hong Kong, 30 September 2016 - The consolidated profit after tax of Shanghai

More information