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Month: June 2023

Posted on 27/06/2023

How one commercial real estate player has continued to grow alongside Hong Kong’s skyline for 50 years and counting

Celebrating its 50th anniversary in Hong Kong, global commercial real estate services firm JLL reflects on its role in the city’s business evolution as it takes on new issues like sustainability and ...

Posted on 27/06/2023

Hong Kong’s 3-tier banking system could soon be 2-tier as HKMA proposes scrapping ‘deposit-taking companies’

The review aims to simplify the structure of Hong Kong's banking system,' HKMA boss says The 12 remaining deposit-taking companies have five years to upgrade to a higher tier or exit the market ...

Posted on 27/06/2023

Hong Kong’s third richest family makes US$4.6 billion takeover offer for NWS to help ease debt burden at New World Development

Hong Kong’s third richest family, led by Henry Cheng Kar-shun, offers to take full control of NWS Holdings, including a big block held by New World Development, to help ease the latter’s debt burden.

Posted on 27/06/2023

Hong Kong high-rise aims to become ‘village’ of the dead

With its white marble foyer and lavish chandeliers, the 12-storey tower could be mistaken for one of Hong Kong’s newest hotels, but it offers a longer stay: a final resting place for thousands in ...

Posted on 27/06/2023

Hong Kong’s crypto push puts HSBC and StanChart in a bind

Regulators keen for banks to take on exchanges as clients but that might expose lenders to money-laundering risks ...

Posted on 27/06/2023

HSBC Hong Kong Launches Support for Bitcoin and Ethereum ETFs

HSBC Hong Kong customers can now trade Bitcoin and Ethereum futures Exchange Traded Funds (ETFs), broadening access to digital asset derivatives in the emerging Asia crypto hub. The ETFs, which are ...

Posted on 27/06/2023

Hong Kong welcomes back Chinese drone maker DJI, with new store in Tsim Sha Tsui after 2-year absence

World’s largest recreational drone manufacturer opens retail space in Tsim Sha Tsui in crossover with Swedish camera maker Hasselblad.

Posted on 27/06/2023

Retail Slowdown Takes Wind Out Of Dmall’s Advancing IPO

Dmall’s revenue growth slowed sharply in the first quarter, and probably would have contracted without its founder’s strong business ties The provider of cloud-based services for traditional retailers ...

Posted on 27/06/2023

Hong Kong’s HSBC Allows Customers To Trade Bitcoin ETFs, Signaling A Shift In Traditional Banks’ Stance

HSBC's decision comes amid a surge of institutional interest in Bitcoin ETFs, potentially fueling a global competition to attract capital.

Posted on 27/06/2023

Hong Kong’s HSBC Allows Customers to Trade Bitcoin, Ether ETFs but That’s Not Really News

HSBC's customers in Hong Kong have in fact been able to trade such crypto investment products since they were first listed on the Hong Kong Stock Exchange back in December.

Posted on 27/06/2023

‘Beat the USA to the punch’: HSBC Hong Kong now allowing trades of Bitcoin and Ether ETFs

HSBC Hong Kong, the biggest bank in the special administrative region of China, is now permitting trades of Bitcoin and Ether ETFs. On Monday, crypto outlets The Block and CoinTelegraph, citing a ...

Posted on 27/06/2023

Opinion: My childhood in Hong Kong prepared me for how China reacted to ‘The Little Mermaid’

Writer MonaLisa Leung Beckford, a self-described “Blasian” – a person of mixed Black and Asian heritage – says she was disappointed, but not surprised about the negative reception “The Little Mermaid” ...

Posted on 26/06/2023

HSBC to move global headquarters from Canary Wharf to City of London to cut costs amid shift to hybrid working

HSBC will move to smaller offices in the City of London ahead of its lease expiring in 2027, as it looks to cut costs as more of its staff embrace hybrid working.

Posted on 26/06/2023

Hong Kong’s largest bank now offers crypto services

In a significant development, Hong Kong’s premier banking institution, HSBC, now provides services allowing customers to trade Bitcoin and Ethereum Exchange-Traded Funds (ETFs). This momentous ...

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