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Month: June 2023

Posted on 28/06/2023

HSBC Hong Kong starts Bitcoin and Ethereum futures ETFs

HSBC Hong Kong has initiated support for trading Bitcoin and Ethereum futures Exchange Traded Funds (ETFs), according to a recent announcement. This move expands opportunities for local customers to ...

Posted on 28/06/2023

Hong Kong court fines Leighton Contractors HK$40,000 over shoddy work at Hung Hom MTR station

Leighton Contractors (Asia) pleads guilty to violating Buildings Ordinance, after failing to adhere to approved plan in construction of space at MTR station Construction was part of Sha Tin-Central link,

Posted on 28/06/2023

Hong Kong judge denies Abby Choi’s former mother-in-law’s third bail application as murder investigation continues

Jenny Li Sui-heung, 63, will stay behind bars after losing her third bid for bail, with judge saying she saw no reason to release defendant.

Posted on 27/06/2023

Alibaba’s Freshippo Targets Hong Kong IPO, Marks Its First Spin-Off Listing

Alibaba Group Holding Limited's (NYSE: BABA) grocery arm, Freshippo, will likely go public on the Hong Kong stock exchange by mid-November. The IPO would make it the first Alibaba subsidiary to list ...

Posted on 27/06/2023

Hong Kong’s John Lee gears up for Asean trade trip next month to lure business, as weak global demand drags down exports

Commerce secretary Algernon Yau says city leader will travel to Singapore, Indonesia and Malaysia to bolster ties with Asean members Latest trade data shows exports fell by 15.6 per cent in May over a ...

Posted on 27/06/2023

China’s biggest IPO in years poses $9bn question for western banks

Goldman Sachs and others seek clarity over planned Shanghai listing of Swiss agricultural chemicals group Syngenta.

Posted on 27/06/2023

Hong Kong Exports Fall as Global Demand Slump Weighs on Economy

Hong Kong’s exports fell in May for a 13th consecutive month as weak demand for goods from China and the world continue to pose challenges for the financial hub’s economic outlook.

Posted on 27/06/2023

Whistle-blower Edward Snowden’s lawyer accuses Hong Kong Bar Association of using ‘false complaints’ in bid to stop him from practising

A human rights lawyer has accused the Hong Kong Bar Association of trying to stop him from practising law in the city by using “false complaints” for his role in representing Edward Snowden and ...

Posted on 27/06/2023

HSBC becomes first Hong Kong bank to allow crypto ETFs

HSBC has begun offering its customers access to Bitcoin and Ether-based exchange-traded funds (ETFs) traded on the Hong Kong Exchange (HKEX).

Posted on 27/06/2023

HSBC Offers Trading in Crypto ETFs to Customers in Hong Kong

HSBC Holdings Plc is offering trading of crypto-linked exchange traded funds to customers in Hong Kong amid a push by the city to establish itself as a hub for the alternative asset class.

Posted on 27/06/2023

Finture introduces cross-border financial solutions to enhance convenience of Hong Kong travelers and foreign domestic workers

HONG KONG SAR - Media OutReach - 27 June 2023 - YUP, the credit payment platform created by Singaporean startup Finture, introduces a range of innovative financial products ...

Posted on 27/06/2023

MTR Lab invests in Hong Kong battery-powered energy storage system provider Ampd Energy to fund expansions in UAE and US

MTR Lab, a subsidiary of Hong Kong’s railway operator that invests in technology, has invested in local battery-powered energy storage system provider Ampd Energy to fund its expansion projects in the ...

Posted on 27/06/2023

Mental health in spotlight in Hong Kong after violent attacks

A series of brutal attacks in Hong Kong is shining a light on mental health in a city that has suffered from particularly acute strains while lacking sufficient resources to provide proper care for ...

Posted on 27/06/2023

Hong Kong’s Billionaire Cheng Family To Buy Out New World’s Industrial Flagship For Up To $4.5 Billion

The private investment company of Hong Kong’s billionaire Cheng family, Chow Tai Fook Enterprises, proposed on Tuesday a buyout of up to HK$35.5 billion ($4.5 billion) for NWS Holdings, the ...

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