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Month: June 2023

Posted on 21/06/2023

Payments startup picks up Wirecard’s pieces to enter Asia Pacific

NomuPay has acquired parts of the disgraced processor that could help it overcome the barriers of entry to the lucrative market.

Posted on 20/06/2023

Hong Kong government pressuring banks to accept crypto, Tradecurve to grow 100 percent.

The Financial Times reported on June 15 that HKMA questioned the U.K.-based firms as well as the Bank of China in a meeting that was held in May.

Posted on 20/06/2023

Japanese consulate slams Hong Kong minister over accusations dumping nuclear waste water would violate international law

The Japanese consulate in Hong Kong has hit back at accusations by the city’s environmental minister that the country’s plan to discharge radioactive waste water into the sea around Fukushima ...

Posted on 20/06/2023

Xpeng seeks to be first major Chinese EV maker to launch right-hand drive cars as it targets Hong Kong market

The Chinese electric vehicle start-up is setting its sights on Hong Kong with plans to launch a right-hand drive model in the city next year to compete against well established rivals like Tesla.

Posted on 20/06/2023

Hong Kong must embrace Middle East capital, mainland China culture, to bolster role as financial centre: industry leaders

Amid geopolitical tension between China and the US, Hong Kong needs to look beyond US markets and court the Middle East as a source of capital as it seeks to burnish its position as an international ...

Posted on 20/06/2023

Hong Kong Stocks Fall for Second Day on China Concerns

U.S. investors returning from the long weekend and hoping for some positive news should look away now. Hong Kong shares had their second day of declines on Tuesday, after [interest-rate cuts in China]

Posted on 20/06/2023

Hong Kong on a mission: John Lee underscores ‘value-added super-connector’ role, globetrotting efforts to win business, lure talent

City well on way to attracting nearly double its goal of 35,000 workers from overseas every year, Chief Executive John Lee says at Post’s China Conference: Hong Kong 2023 forum.

Posted on 20/06/2023

Chinese dual-listed firms’ Hong Kong shares narrow discount gap with onshore stocks on lucrative valuations and US rate hike pause

The Hong Kong-traded shares of Chinese dual-listed companies have been closing the price gaps with their onshore peers, as distressed valuations and a pause in US interest rate hikes boost their ...

Posted on 20/06/2023

Chinese Logistics Entrepreneur Becomes A Billionaire As His J&T Express Gears Up For Hong Kong IPO

Jet Li, who founded delivery firm J&T Express in Indonesia but is now expanding aggressively in his homeland China, has become a billionaire as the company prepares for an initial public offering in ...

Posted on 20/06/2023

Hong Kong retains crown as world’s most expensive city for expats, while Singapore jumps to second place: survey

Hong Kong is the most expensive city for workers living overseas according to a recent survey by a global consulting firm, with Singapore coming in at second place.

Posted on 20/06/2023

Hong Kong Dollar One-Month Rate Climbs to Highest Since 2007

The cost for banks to borrow Hong Kong dollars from each other for a month rose to the highest level since 2007 after prolonged currency intervention shrank the city’s liquidity pool and demand for ...

Posted on 20/06/2023

Hong Kong must embrace Middle East capital, mainland China culture, to bolster role as international financial centre

Amid US-China tensions, government 'urgently' needs a Middle East strategy, chairperson of the Chamber of Hong Kong Listed Companies says Finance sector must be boldly 'capitalistic' and also hang on ...

Posted on 20/06/2023

Hong Kong’s role as bridge between China and world ‘clearer, more essential’ amid rising geopolitical tensions, experts say at Post forum

Hong Kong 2023 point to trends in finance sector and technology as well as tertiary education Panel agrees that if Hong Kong aspires to ride Greater Bay Area development, it should prioritise flow of ...

Posted on 20/06/2023

Misleading Home Office advice leaves Hong Kong protester fearing deportation from UK

Student who took part in anti-Beijing protests is in legal limbo after withdrawing her asylum claim to make a visa application that was then rejected ...

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