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Month: April 2023

Posted on 26/04/2023

ParticleX and HKUST Co-Invest in Quantum Computing Startup QUANTier

ParticleX, a leading venture capital company for startups, is thrilled to announce its partnership with the Hong Kong University of Science and Technology ...

Posted on 26/04/2023

Chinese Liquor Billionaire Gains $3 Billion With Hong Kong IPO But Faces Strong Competition

Wu Xiangdong, a Chinese liquor mogul once known for his savvy advertising tactics, has added another $3 billion to his fortune as his ZJLD Group raised HK$5.3 billion ($676 million) in one of the ...

Posted on 26/04/2023

Hong Kong police intercepted HK$160 million stolen from overseas victims during first quarter of 2023

The force’s Anti-Deception Coordination Centre handled 113 incoming stop-payment requests from Interpol under international joint cooperation mechanism.

Posted on 26/04/2023

Why are the US and China fighting over chips?

HONG KONG - The United States has moved to block China's access to the most advanced semiconductors and the equipment and talent needed to make them in recent months, citing national security.

Posted on 26/04/2023

China’s stock markets frustrate European funds as performance sags, while funds in Hong Kong worry over policy missteps

Returns from the onshore and Hong Kong stock markets are in disconnect with the economic recovery momentum. Bank of America disclosed key issues concerning its buy-side clients in Europe and Hong Kong ...

Posted on 26/04/2023

Hong Kong Exchanges & Clearing Net Profit Rises on Strong Revenue

Hong Kong Exchanges & Clearing Ltd. said Wednesday that its first-quarter profit rose as revenue outperformed.

Posted on 26/04/2023

Hong Kong home prices rise for third month in March

Hong Kong private home prices in March rose for the third month and edged up 1.4% from February, as the reopened border with China and a raft of new launches by property developers at attractive ...

Posted on 26/04/2023

Hong Kong stocks hold near 4-week low as Tencent wavers while Alibaba, HSBC extend drop amid growth, policy concerns

Local stocks waver in early trading, keeping the benchmark index near the lowest level since March 28. Tencent is back in focus after major shareholder Prosus cut its stake again.

Posted on 26/04/2023

Asia markets mixed as Wall Street banking fears reignite

Asia-Pacific markets were trading mixed on Wednesday after banking fears were reignited on Wall Street. Shares of First Republic Bank tumbled more than 49% after the regional bank posted its latest ...

Posted on 26/04/2023

Men and property owners likelier to use fintech in Hong Kong, PolyU survey shows

The correlation exists in virtual bank services, online brokerage services, virtual insurance, and virtual assets, but more women adopt digital payments The survey also finds adoption gaps in ...

Posted on 26/04/2023

Swiss Watch Exports Continue to Rise Amid a Spike in Hong Kong Orders

A new report released by the Federation of the Swiss Watch Industry on Tuesday showed that exports climbed by 13.8 percent last month to a total value of 2.4 billion CHF (about $2 ...

Posted on 26/04/2023

Hong Kong has ‘strategic ambiguities’ to navigate US-China rivalry: Singapore’s Kishore Mahbubani

Hong Kong ‘enjoys the status’ of One Country, Two Systems, but has to ‘work very hard’ to convince the US that it remains autonomous, says retired Singaporean diplomat Kishore Mahbubani.

Posted on 26/04/2023

Deloitte and SAP Launch Business Outlook Report to Support Hong Kong Companies to Tackle Evolving Challenges with Digital Technologies

Deloitte China and SAP Hong Kong today launched "Thriving in Hong Kong, a city of resilience and opportunities", a new business outlook report developed from ...

Posted on 25/04/2023

Abby Choi murder: Hong Kong subsidised housing purchase rules to be changed to close loophole allowing homeowners to buy properties after her former father-in-law found to own …

Public housing tenants who already own a property to be banned from buying subsidised homes, source says Move comes in wake of revelation that former father-in-law of murdered model Abby Choi owned ...

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