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Month: July 2023

Posted on 27/07/2023

CITIC SEC Purportedly Asks Dozens of HK Bankers to Relocate to CN with Basic Pay Potentially Cut by Min. 25%

CITIC SEC (06030.HK) is planning to ask dozens of Hong Kong-based bankers to relocate from its offshore platform CLSA in Hong Kong to mainland China, so as to reduce costs and meet... CITIC SEC (06030 ...

Posted on 27/07/2023

Hong Kong should copy Macau method of quickly processing travellers to mainland China with single identity card check: pro-Beijing party DAB

Legislators point to automated model which cuts out second identity card check regularly required at crossings with mainland China.

Posted on 27/07/2023

Hong Kong Raises Benchmark Rate as Fed Resumes Hiking Cycle

The Hong Kong Monetary Authority raised its base rate by 25 basis points on Thursday, hours after the Federal Reserve resumed its interest-rate hiking cycle.

Posted on 27/07/2023

Former Hong Kong civil servant shown mercy after disrupting national security, protest trials

Ex-trade officer Walter So admits disrupting court cases when he challenged judges’ decisions on unacceptable clothing at four sittings in December 2021.

Posted on 27/07/2023

BOCHK, BOC Co-launch e-CNY ‘Cross-Border Shopping Festival’

BOC HONG KONG (02388.HK) and Bank of China in the Mainland co-launched the e-CNY event "Cross-Border Shopping Festival". From now on, mainland customers can spend in e-CN... BOC HONG KONG (02388.HK) ...

Posted on 27/07/2023

Ant Group plans restructuring in march to Hong Kong IPO

Context: The restructuring is just one part of the process necessary for Ant Group to revive its IPO plans. Earlier this month, Ant Group was fined close to $1 billion by Chinese regulators, giving ...

Posted on 26/07/2023

Chief executive says Hong Kong diversifying to become more conducive to Islamic finance

Hong Kong and Indonesia sign 15 deals as John Lee visits Jakarta, meets President Joko Widodo - Anadolu Ajansı ...

Posted on 26/07/2023

Hong Kong and Indonesia – among Asia’s most active IPO markets – sign accord to explore cross listings, joint product development

Hong Kong and Indonesia, which were among the top 10 markets worldwide in terms of funds raised from new shares listings in the first half of this year, have come together to explore cross border ...

Posted on 26/07/2023

Jockey compared to Mr Bean has last laugh after quitting British racing to start money-spinning career in Hong Kong

A JOCKEY who was lovingly compared to Mr Bean by his rivals has had the last laugh – after quitting British racing for Hong Kong. Superstar Andrea Atzeni, 32, has won £27million in prize ...

Posted on 26/07/2023

Ant Group reportedly plans IPO, blockchain firm discloses offer price on Nasdaq, and more

A Japanese blockchain firm dealing with grid ledger systems has announced the price of its initial public offering on Nasdaq.

Posted on 26/07/2023

Singapore biotech Mirxes files for Hong Kong IPO after raising $66 million

SINGAPORE - Cancer diagnostics company Mirxes has applied to Hong Kong’s stock exchange for an initial public offering (IPO), potentially becoming the first company based outside of China and Hong Kong to list under a provision that supports biotech IPOs on the bourse.

Posted on 26/07/2023

Western power dwindling while Global South’s growing

To be sure, when it comes to GDP, the West has often punched well above its demographic weight. In 1950, the West (including Japan) accounted for just 22.4% of the world’s population, but 59.9% of ...

Posted on 26/07/2023

Desperately Faking Riches: Inside A Hong Kong Businessman’s Outlandish Efforts To Get On The Forbes Billionaire List

For years, Calvin Lo has pitched himself as a globetrotting billionaire-financier-cum-philanthropist with a world class collection of champagne, homes on three continents, a fleet of exotic supercars ...

Posted on 26/07/2023

HSBC and Keppel to explore climate solutions

Singapore’s Keppel Corporation and HSBC have agreed to explore opportunities to collaborate on decarbonization and sustainability solutions, particularly in the Greater Bay Area and across Asia.

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