The Hong Kong stock market on Wednesday halted the five-day winning streak in which it had rallied more than 420 points or 2.3 ...
HSBC, Standard Chartered face pressure from Hong Kong to take on crypto clients – FT
HSBC and Standard Chartered are among lenders facing pressure from Hong Kong's banking regulator to take on crypto exchanges as clients, Financial Times reported on Thursday, citing three people with knowledge of the matter.
Why Hong Kong can’t afford to keep its currency pegged to the US dollar
“Hong Kong’s currency peg to the dollar is not sustainable. The city risks being increasingly led by US monetary policy,” independent economist Andy Xie wrote last month. “As global yuan demand grows, switching to that currency would boost Hong Kong’s financial fortunes.”
Top Hong Kong protest song removed from major music platforms
"Glory to Hong Kong," a popular song among pro-democracy protestors and secessionists in the administrative region, has been removed from several major streaming services and platforms.
Hong Kong Needs More Welders, Not Bankers
For people living in Hong Kong, a banking job was the path to prosperity. This is no longer the case. As the financial hub emerges from the Covid-19 pandemic, the city finds that it’s facing a similar ...
Hong Kong needs Fanling golf course for business networking, ex-minister Fred Ma tells public hearing on housing development
Former commerce chief warns over site's importance for city's financial hub status, as course doubles as place for senior executives to mingle High-quality, world-class course important for retaining ...
Chinese man arrested for spraying anti-US graffiti on US Consulate in Hong Kong
A Chinese man was arrested for allegedly vandalizing the gate of the U.S. Consulate in Hong Kong with white paint on Tuesday morning, according to reports. How he did it: The man allegedly spray-painted the gate and wall of the consulate with the English word “hegemony” and the Chinese words for “double standards.
Chinese pharmaceuticals sales platform YSB to raise over HK$300m in Hong Kong IPO as other firms line up
"Market conditions in Hong Kong and in general are always volatile and unpredictable ... CICC is the sole sponsor of the IPO. The Guangzhou-based company has raised funds in multiple rounds since it ...
HSBC reaches revised terms for sale of its French retail banking business
HSBC will retain US$7.6 billion in loans as part of a revised transaction to sell its French business after completion of the deal appeared ‘less certain’ in April.
HSBC looks to unlock sale of French business with new terms
HSBC said that the new terms might allow for the sale to Promontoria MMB SAS (My Money Group) and its subsidiary Banque des Caraïbes SA to proceed ...
Hong Kong protest anthem’s online presence fades as govt seeks total ban
Various versions of the pro-democracy protest anthem "Glory to Hong Kong" were unavailable on Apple’s iTunes Store, Spotify, Facebook and Instagram’s Reels on Wednesday after the government sought an ...
U.S. Banks Are Giving Up China IPO Mandates
International investors have soured so much on Chinese initial public offerings that investment banks are backing out of potential listings. Goldman Sachs has given up several mandates for IPOs in ...
Banks drag Hong Kong stocks from 3-week high amid China, Fed policy bets as Nomura warns of ‘double-dip’ risk
Stocks retreated from a three-week high amid concerns China’s speculated stimulus will be too little too late as Nomura warned more needed to be done to avert another dip in the economy.
HSBC’s Head of Global Banking Sustainability Takes Sabbatical
HSBC Holdings Plc’s head of global banking sustainability, Alexi Chan, is planning to take a five-month sabbatical starting next month, according to a memo.