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Month: June 2023

Posted on 20/06/2023

DBS survey: 93% of Hong Kong SMEs acknowledge the importance of digitalisation but 57% see funding as a major challenge

HONG KONG SAR - Media Outreach - 20 June 2023 - DBS Hong Kong's new survey with the city's small and medium enterprises (SMEs) reveals 93% of the community believes digitalisation is important to ...

Posted on 20/06/2023

Hong Kong, Shanghai lead Asia losses as China rate cut falls flat

Stocks in Hong Kong and Shanghai led losses across most of Asia on Tuesday as a smaller-than-forecast interest rate cut by China's central bank added to worries about the lack of action to kickstart ...

Posted on 20/06/2023

Jimmy Lai may yet outlast Hong Kong’s evil regime

Is it even possible? It looks grim. Just ask imprisoned freedom supporter Jimmy Lai. Using COVID as an excuse, the mainland Chinese government rolled in and rolled back ...

Posted on 20/06/2023

Hong Kong’s MTR Corporation suspends some rail services on Island line after safety system seals train doors

MTR Corporation says trains at Wan Chai station were halted, later adding that services were ‘gradually resuming’.

Posted on 20/06/2023

Carlyle-backed Chinese laboratory chain Adicon goes ahead with US$52 million Hong Kong IPO on third attempt

Adicon Clinical Laboratories, a mainland Chinese laboratory chain backed by Carlyle Group, is seeking to raise HK$409 million (US$52 million) from an initial public offering (IPO) in Hong Kong, ...

Posted on 20/06/2023

Hong Kong stock exchange debuts yuan-denominated shares as China speeds up push to internationalize its currency and replace the U.S. dollar

(Hong Kong, unlike China, has an open financial market with a freely-convertible local currency.) Yet Aguzin shared another benefit to HKEx’s new program: That it would “continue helping on the ...

Posted on 20/06/2023

BitValue Capital Drives Hong Kong’s Web3 Development: Fostering Innovation and Supporting Startups in the Global Hub of Finance and Technology

Hong Kong is one of the largest financial centers in Asia and a leading global hub for technology innovation. In this international and open environment, an ...

Posted on 20/06/2023

Hong Kong stock exchange’s yuan stock trading debut gets lukewarm trade volume

The 24 companies that debuted the yuan-denominated stock trading scheme in Hong Kong attracted a small fraction of their stocks' trading volume on Monday, as interest in using the new currency option ...

Posted on 19/06/2023

HKMA’s global financial summit, BIS conference to bring hundreds of bankers to Hong Kong in November

Nearly 300 top global banking and finance executives and scores of central bankers will descend on Hong Kong in November for two conferences hosted by the Hong Kong Monetary Authority (HKMA). The city ...

Posted on 19/06/2023

Hong Kong opposition party League of Social Democrats urges HSBC to reverse unexplained account closures

The pro-democracy League of Social Democrats (LSD) has written to HSBC, urging the bank to reverse a decision to close their accounts,. The opposition party – one of the city’s last – had been using ...

Posted on 19/06/2023

Hong Kong tycoon Jimmy Lai loses appeal against phone search

A Hong Kong appeal court on Monday blocked jailed media tycoon Jimmy Lai's bid to challenge in the city's highest court a warrant obtained by national security police to scrutinise the contents of his ...

Posted on 19/06/2023

Hong Kong says Cyberport attracted 150 Web3 firms in a year

The country’s Financial Secretary says state funding and support have helped draw Web3 innovators to the digital hub.

Posted on 19/06/2023

A Hong Kong protest song has disappeared, and reappeared, on major streaming platforms

A popular song from Hong Kong’s democracy movement has begun to disappear from several major music streaming sites – including in some locations overseas – days after the Chinese business hub’s local ...

Posted on 19/06/2023

Cornerstone Investors to Buy 71% of Adicon’s Hong Kong IPO

By Dave Sebastian Adicon Holdings, a laboratory-testing provider in China, is seeking to raise $52.3 million through a Hong Kong initial public ...

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