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Month: September 2022

Posted on 20/09/2022

Hong Kong plans to launch trial of e-HKD in fourth quarter, paving way for full digital currency roll-out

The move marks the city's latest effort to catch up with other central banks that are launching virtual currencies The aim is to eventually roll out a virtual currency the public can use to shop, dine ... ( read original story ...)

Posted on 20/09/2022

How HSBC’s wealth chief suggests you protect your portfolio from inflation

People around the world are looking for ways to hedge against inflation right now, and the rich are no exception. "We see customers sitting a little bit in the sidelines," says Nuno Matos, HSBC CEO of ... ( read original story ...)

Posted on 20/09/2022

Hong Kong may report second-highest deficit ever: Finance chief

Hong Kong is expected to record its second worst deficit at more than HK100 billion 1274 billion amid the ongoing COVID-19 pandemic Finance Secretary Paul ... ( read original story ...)

Posted on 20/09/2022

Hong Kong’s only drinks carton recycler faces closure after government-backed science park refuses to renew lease

Hong Kong’s only drinks carton recycler is on the verge of folding after the government-backed landlord refused to renew its lease and told it to leave the premises within four months. ( read original story ...)

Posted on 20/09/2022

Queen Elizabeth II funeral: Hong Kong man who attended tribute detained

A 43-year-old Hong Kong man who was among scores of mourners who went to the British consulate on Monday night to pay tribute to the late Queen Elizabeth II has been detained. Local reports say the ... ( read original story ...)

Posted on 20/09/2022

Hong Kong Finally Looks to Scrap Hotel Quarantine Policy

The Hong Kong government might soon be on its way to scrap the controversial hotel quarantine policy for inbound travelers. ( read original story ...)

Posted on 20/09/2022

Hong Kong flags COVID quarantine policy change, wants an orderly opening-up

Hong Kong leader John Lee said on Tuesday the government aims to make an announcement soon on its controversial COVID-19 hotel quarantine policy for all arrivals, as it wants to keep the city ... ( read original story ...)

Posted on 20/09/2022

Hong Kong bills issuance well received: PBOC

China central bank issued 5 billion yuan about 71976 million US dollars worth of bills in Hong Kong on Tuesday These central ... ( read original story ...)

Posted on 20/09/2022

Hong Kong to decide on further Covid relaxation ‘soon’, says city leader

Hong Kong's leader on Tuesday said he will soon make a decision on further relaxing coronavirus restrictions, as residents and businesses decry quarantine .. ( read original story ...)

Posted on 20/09/2022

Chinese NEV Maker Leapmotor Kicks Off USD1 Billion IPO in Hong Kong

Leapmotor will issue over 130.8 million shares from today until Sept. 23 priced at between HKD48 (USD6.12) and HKD62 apiece, the Hangzhou-based company said in a filing to Hong Kong Exchanges and ... ( read original story ...)

Posted on 20/09/2022

COVID-19 curbs leave Hong Kong musicians on their ‘last dollar’

A thundering thrash metal riff reverberated through a Hong Kong bar, but the music was being live-streamed from a studio across town to obey pandemic rules that have outlawed small gigs for more than ... ( read original story ...)

Posted on 20/09/2022

China EV maker seeks $1bn in Hong Kong’s biggest IPO of 2022

Electric vehicle maker Zhejiang Leapmotor Technology is seeking to raise as much as $1bn in what would be Hong Kong’s largest initial public offering this year, in the latest test of investor appetite ... ( read original story ...)

Posted on 20/09/2022

Chinese EV maker Leapmotor to price Hong Kong IPO, aims to raise up to US$1 billion while braving shaky market

The IPO price range will be between HK$48 and HK$62 each, with five cornerstone investors buying US$308 million worth of shares, according to a filing Leapmotor faces a less welcoming market than the ... ( read original story ...)

Posted on 20/09/2022

China leaves lending benchmarks unchanged amid global rates squeeze

People wearing face masks walk past the headquarters of Chinese central bank People's Bank of China (PBOC), April 4, 2020. REUTERS/Tingshu Wang/File Photo/File Photo ... ( read original story ...)

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