Hi, it’s Jinshan in Hong Kong, where we’re just starting to learn more about about how three years of compulsory mask-wearing impacted kids’ ability to learn. But before we get to ...
UPDATE 1-Silicon Valley Bank not a lender, fund issuer in Hong Kong: securities and banking regulator
Silicon Valley Bank (SVB) does not operate a local banking business nor does it have a substantial shareholding in any licensed corporation in Hong Kong, the market's banking and securities regulators ...
Freedom of expression put to the test in Hong Kong with a major LGBTQ+ exhibition
Spectrosynthesis III is called "the first major survey exhibition on LGBTQ+ perspectives in Hong Kong." It tests the waters for free speech in a city that is changing quickly. It is the third show in ...
Billionaire Li’s FWD Filing HK IPO Application Again, Sources Say
FWD Group Holdings Ltd., the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, is planning to file for a third time for an initial public offering in the financial hub, according ...
HSBC swoops in as white knight for Silicon Valley Bank, buys collapsed lender’s UK unit for £1
"This acquisition makes excellent strategic sense for our business in the UK," HSBC's CEO Noel Quinn said in a statement The deal, which has already been completed, excluded assets and liabilities of ...
Gross premiums of HK general insurance soar 4.5% in FY2022
The industry earned $64.6b. The Hong Kong Insurance Authority (IA) reported a 4.5% growth in the total gross premiums of the city’s general insurance business for the full fiscal year (FY2022) ended ...
After SVB failure, US acts to shore up banking system confidence
By Andrea Shalal, Howard Schneider and Pete Schroeder WASHINGTON/SINGAPORE (Reuters) - U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the ...
Hong Kong Firms’ Exposure to SVB Collapse Reaches About $200 Million; HKMA Steps In With Assurance
Beijing-headquartered biotech firm BeiGene, which had about $175 million in deposits at SVB was the worst hit among the Hong Kong-listed companies.
HSBC launches digital account opening service for foreign passport holders
To better support customers planning to move to Hong Kong and international citizens with banking needs in the city1, HSBC has introduced a new service for opening a Hong Kong bank account remotely on ...
HKMA monitoring Silicon Valley Bank fallout as Hong Kong-listed firms’ exposure reaches US$194 million
So far a dozen Hong Kong-listed firms have issued statements regarding deposits held at SVB, with BeiGene's exposure the largest at US$175.5 million A Post reporter who visited the US bank's Hong Kong ...
Over a dozen Chinese-based firms say they have minimal exposure to SVB
Over a dozen Hong Kong-listed companies have stepped forward to say they had little or no exposure to Silicon Valley Bank, the failed U.S. lender which has roiled investors and markets globally.
Hong Kong Filmart Opens Its Doors to a Post-Pandemic World
A surging local industry, and 700 exhibitors from all over the world, welcome the international industry back to Hong Kong after a long, three-year hiatus.
HK stocks open up as US officials move on failed bank
Hong Kong stocks opened slightly higher on Monday after last week's big losses, with traders cheered by US financial regulators' moves to support ...
Asian shares mostly sink on jitters after US bank failure
Asian shares have mostly fallen, shaken by a Wall Street tumble that set off worries the biggest U.S. bank failure in nearly 15 years might have ripple effects around the world ...