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Month: June 2023

Posted on 13/06/2023

Bank of China unit issues digital securities on Ethereum blockchain in Hong Kong amid city’s virtual asset push

The product from Bank of China’s global investment arm is the first tokenised security from a bank in the mainland, where cryptocurrencies are banned.

Posted on 13/06/2023

Hong Kong Telco HKBN Ends Talks on Potential Sale to I Squared

Hong Kong broadband provider HKBN Ltd. said it’s ended talks on a potential sale to private equity firm I Squared Capital. Most Read from BloombergElizabeth Holmes Objects to $250-a-Month Victim Payme

Posted on 13/06/2023

Hong Kong banks to benefit from better margins and incomes although uncertain economic recovery, property sector crisis could drag, says KPMG

Hong Kong banks are expected to benefit from rising interest rates and growing business opportunities after the border reopening this year, although uncertainties around the recovery in mainland China ...

Posted on 13/06/2023

Hongkong Land Is Still Our Asian SWAN

Hongkong Land has strong fundamentals and good potential prospects from China properties. Click here to see why the stock is a Buy.

Posted on 13/06/2023

Chinese man arrested over anti-US graffiti at US Consulate in Hong Kong, police say

Hong Kong police have arrested a man who allegedly spray-painted graffiti on the wall and gate of the U.S. Consulate ...

Posted on 13/06/2023

Hong Kong eyes stablecoin regulatory regime by 2024

While the Western world debates how to regulate stablecoins, Hong Kong is forging ahead with a regulatory framework for cryptocurrencies pegged to traditional financial assets. The Hong Kong Monetary ...

Posted on 13/06/2023

Hong Kong authorities endorse deal to give public servants up to 4.65 per cent pay rise

Unions voice concern over high-ranking staff only receiving 2.87 per cent increases Deal to cost taxpayers HK$5.2 billion for the year Hong Kong's public servants would receive a pay rise of up to ...

Posted on 13/06/2023

Hong Kong to unveil plan to recruit foreign labour amid shortage as business surges

The city wants to bring in at least 18,000 construction, transport and logistics workers, a local newspaper reported. Read more at straitstimes.com.

Posted on 13/06/2023

Hong Kong stocks struggle in stimulus-waiting game while confidence grows on likely Fed pause on rates

Stocks struggle to sustain a positive momentum as China appears to go slow in stimulating its economy. Chances have increased on a rate pause in the US amid signs of slowing inflation.

Posted on 13/06/2023

How this Hong Kong baker co-founded his business at age 12: Baking Maniac’s Ankrish Gidwani on his mum-and-son shop that makes desserts for Dior and Discovery Channel …

Since age 5, Ankrish Gidwani would help his mum Renuka bake at YWCA and City'super - then, in 2008 when he was 12, he started a blog that grew into his Hong Kong-based cake shop Baking Maniac To his ...

Posted on 13/06/2023

Hong Kong police arrest man over anti-U.S. graffiti at consulate

Hong Kong police arrested a man on Tuesday who spray painted anti-American graffiti on the wall and a gate of the city's U.S. consulate, police and media said. Footage from Broadcaster Now TV showed ...

Posted on 13/06/2023

Hong Kong to Unveil Plan to Recruit Foreign Labor Amid Shortage

Hong Kong will ease entry rules for foreign workers to stem a manpower shortage in the financial hub, Chief Executive John Lee said.

Posted on 13/06/2023

Hong Kong’s role as China’s only global financial hub must be cherished and protected

In the Global Financial Centres Index, Shanghai is ahead of Sydney, Seoul, Tokyo, Frankfurt and Mumbai, but still below New York, London, Singapore and Hong Kong Economic and trade power is not enough ...

Posted on 13/06/2023

Bank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong

BOCI offered CNH 200 million ($28 million) of structured notes, with Swiss banking giant UBS underwriting the issuance and placing with clients in Asia Pacific. This was the first time a Chinese ...

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