Hong Kong – an international business hub and gateway to China for many foreign companies –continues to be an attractive destination among foreign investors. This is particularly true as neighboring c... ( read original story ...)
Hong Kong University Receives $20 Mln Research Grant for Payment Systems, Blockchain
The Hong Kong University of Science and Technology Business School has received $20 million in funding for research on payment systems, including those using blockchain. The Hong Kong University of Sc... ( read original story ...)
Digital payment fight brewing in Hong Kong
HONG KONG: Hong Kong's shopping districts are well known for their fierce competition. Now, a new battleground is forming as digital payment firms fight for retailers and shoppers. Chinese tech giants ... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) ended 0.8 percent lower
The Shanghai Composite Index .SSEC closed down 0.6 percent, while Hong Kong’s Hang Seng index .HSI ended 0.8 percent lower. Hopes that China and the United States could ease trade tensions helped Chin... ( read original story ...)
Hong Kong Dollar Funding Costs Surge After HKMA Defends Peg
Hong Kong’s interbank borrowing costs climbed across the curve, as the city’s currency interventions continued overnight, taking this week’s total to HK$16.8 billion ($2.1 billion). The three-month Ho... ( read original story ...)
Hong Kong Spends $2.1 Billion This Week to Defend Dollar Peg
(Bloomberg) -- Hong Kong’s currency interventions continued overnight, taking this week’s total to HK$16.8 billion ($2.1 billion). The Hong Kong Monetary Authority bought HK$14.6 billion of local doll... ( read original story ...)
Industrial Bank Co., Ltd creates Hong Kong private banking business
Fuzhou-headquartered Industrial Bank Co., Ltd, one of China's largest banking groups, has selected Avaloq to provide a comprehensive front-to-back banking solution for its Hong Kong Branch private ban... ( read original story ...)
Industrial Bank Co., Ltd creates new Hong Kong Private Banking Business with Avaloq Banking Suite
Fuzhou-headquartered Industrial Bank Co., Ltd, one of China’s largest banking groups with total assets of CNY 6.09 trillion1, has selected Avaloq to provide a comprehensive front-to-back banking solut... ( read original story ...)
Digital payment firms fight for Hong Kong market
HONG KONG (Reuters) - Hong Kong’s shopping districts are well known for their fierce competition. Now, a new battleground is forming as digital payments firms fight for retailers and shoppers. Chinese ... ( read original story ...)
Hong Kong politician: Trump should target us in trade war with China
A controversial Hong Kong politician wants the United States to sanction his city as part of its ongoing trade war with China in hopes of somehow achieving his dream of independence and democracy. Ana... ( read original story ...)
Hong Kong Spends $2.1 Billion This Week to Defend Currency Peg
Hong Kong’s currency interventions continued overnight, taking this week’s total to HK$16.8 billion ($2.1 billion). The Hong Kong Monetary Authority bought HK$14.6 billion of local dollars on Wednesda... ( read original story ...)
Hong Kong leader Carrie Lam unveils Beijing-backed boost for city’s innovation and technology sector
Hong Kong’s innovation and technology sector is due for a significant boost from a slew of initiatives announced in Beijing on Wednesday, including the setting-up of two new state-backed laboratories ... ( read original story ...)
Hong Kong Monetary Authority intervenes in currency market for first time since May
Hong Kong’s de facto central bank said it has stepped in the foreign currency market to defend the Hong Kong dollar for the first time since May, bringing a key property loan interest rate closer to a ... ( read original story ...)
Cryptocurrency’s millennial mining tycoon is planning a $3-billion IPO
Bitmain Technologies Ltd., the world’s biggest producer of cryptocurrency mining chips, is planning a Hong Kong initial public offering that could raise as much as US$3 billion, people with knowledge ... ( read original story ...)