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Month: April 2023

Posted on 03/04/2023

Hong Kong’s crypto comeback should make the U.S. uneasy

Hong Kong's pivot back to crypto comes as the U.S. risks overplaying its hand when it comes to global financial regulation.

Posted on 03/04/2023

HSBC’s top execs face tense shareholders calling for a breakup

At an informal shareholder meeting in Hong Kong, Chairman Mark Tucker and CEO Noel Quinn took questions from investors on issues ranging from how the bank was approaching demands for an overhaul of ...

Posted on 03/04/2023

HSBC versus Asian shareholders: Bank’s chiefs warn Hong Kong investors against ‘risky’ break-up

as it sought to quieten shareholders’ discontent about the bank’s business model. At a meeting of investors in Hong Kong, Reuters reported that HSBC chair Mark Tucker warned a restructuring or ...

Posted on 03/04/2023

China stocks rise as property, tech firms jump; Hong Kong flat

Property developers and technology firms lifted China stocks on Monday, while Hong Kong shares closed almost flat, after surprise output cuts by Saudi Arabia and other OPEC+ oil producers added to ...

Posted on 03/04/2023

Hong Kong’s ‘moneymaking genes’ help it trump charmless Frankfurt, LA and Singapore, says tycoon Ronnie Chan

While some international cities that are well-equipped with hotels and airports are "artificial" and "super boring", Hong Kong is also "full of charm", which makes it a favourable destination for ...

Posted on 03/04/2023

Hong Kong stocks retreat from three-week high as Micron probe heightens geopolitical risk

The investigation of Micron, the first ever into a foreign company by China’s internet regulator, may jeopardise a rally that drove the Hang Seng Index up by 3.1 per cent in the first quarter.

Posted on 03/04/2023

HSBC brushes aside Hong Kong investor’s Asia spin-off proposal

HONG KONG (Reuters) - HSBC Holdings PLC on Monday pushed aside a proposal by an activist shareholder in Hong Kong to spin off its mainstay Asia business, reiterating the adverse impact on the ...

Posted on 03/04/2023

Hong Kong Sevens 2023: Shield glory gives city’s men belief for their next steps

Home team lift silverware on final day before setting sights on the Challenger tournament through which they could qualify to play on this stage year-round.

Posted on 03/04/2023

Hotpot Ingredient Supermarket Considers $500 Million HK IPO, Sources Say

Guoquan Supply Chain (Shanghai) Co., a hotpot and barbecue ingredient supermarket chain, is considering a Hong Kong initial public offering that could raise $300 million to $500 million, according to ...

Posted on 03/04/2023

Chinese Mainlanders Rush to Open Hong Kong Banking Accounts After SAR Reopened Its Borders

About 60 percent of Chinese mainlanders traveling to Hong Kong soon after its reopening on Feb. 6 said their visits were for personal financial reasons, according to a recent survey. Reservations from ...

Posted on 03/04/2023

Hong Kong police hunt for 6 fraudsters who conned man, 54, out of HK$540,000 in online romance scam

One of the swindlers claimed to be a female cryptocurrency expert, struck up a relationship with victim on social media and convinced him to invest Man transferred money into five designated bank ...

Posted on 03/04/2023

China stocks rise as property, tech firms jump; Hong Kong slips

Property developers and technology firms lifted China stocks on Monday, while Hong Kong shares slipped, tracking global markets after surprise output cuts by Saudi Arabia and other OPEC+ oil producers ...

Posted on 03/04/2023

Trustar Capital Weighs Sale of Hong Kong Soy Sauce Brand Amoy

Trustar Capital is considering selling Amoy Food Ltd., the 115-year-old Hong Kong soy sauce maker, according to people familiar with the matter.

Posted on 03/04/2023

With Hong Kong budget in the red, Regina Ip is not wrong to question costly Lantau Tomorrow Vision

Ip wants priority for the cheaper Northern Metropolis project, which will provide homes for five times as many people and a more natural fit given the Greater Bay Area Given Hong Kong's budget ...

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