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Month: September 2023

Posted on 14/09/2023

Custom furniture, vintage finds: rented flats in Hong Kong do not have to be boring or bland – with a light touch you can change the vibe

Clever take-with-you design details can transform bland rented flats into distinctive homes – as showcased in two Hong Kong properties.

Posted on 14/09/2023

NAB to close HK operations in 2025; Westpac updates institutional banking priorities

NAB will close its Hong Kong operations in the first half of 2025, as part of a restructuring of its markets business and a reshaping of its regional strategy.

Posted on 14/09/2023

No Help Yet For Oversold Hang Seng

The Hong Kong stock market has moved lower in seven straight sessions, tumbling more than 835 points or 4.7 percent along the way.

Posted on 14/09/2023

Hong Kong Shuts Schools as Heavy Rain Inundates Finance Hub

Hong Kong closed schools and braced for potential flooding as torrential downpours swept through the finance hub, which has experienced repeated bouts of extreme weather this month.Most Read from Bloo ...

Posted on 14/09/2023

National Australia Bank Will Shut Its Hong Kong Office

National Australia Bank Ltd. is planning to close its Hong Kong office and consolidate operations into mainland China, Singapore and Japan.

Posted on 14/09/2023

UPDATE 1-Australian lender NAB to close Hong Kong office

National Australia Bank (NAB) said on Thursday it would shut its Hong Kong branch, as offices in Singapore, Tokyo and Shanghai were its preferred customer outreach hubs in Asia.

Posted on 14/09/2023

Best’s Commentary: Hong Kong 1-in-500-Year Flood Likely to Have Earnings Impact on Insurers

The recent devastating flooding following Super Typhoon Saola in Hong Kong and other parts of China may further pressure upcoming reinsurance renewals ...

Posted on 14/09/2023

Hong Kong shuts schools as it issues heavy rain warning

Hong Kong closed schools on Thursday after authorities issued the second-highest rain signal and warned of extensive flooding, just days after the Asian financial hub was drenched by the heaviest rain ...

Posted on 14/09/2023

Tencent-Backed Tuhu Car Plans Hong Kong IPO

Tencent-backed Tuhu Car plans to raise up to $160.89 million through an initial public offering in Hong Kong.

Posted on 14/09/2023

Common law system remains Hong Kong’s most important asset

Speakers at the Belt and Road Summit - including Vice-Premier Ding Xuexiang - all said the same thing: that the city's success rests on the rule of law China's Belt and Road Initiative may link dozens ...

Posted on 14/09/2023

SWIFT adds Hong Kong and Kazakhstan national banks to CBDC interoperability beta experiment

SWIFT will be initiating a test with Hong Kong, Kazakhstan and another unnamed central bank for CBDC interoperability. Additionally, a second phase of sandbox testing for exploring additional use ...

Posted on 14/09/2023

Ex-Goldman Banker Uses Big Data to Beat Biotech’s Long Odds

As the former head of health banking for China at Goldman Sachs Group Inc., she was well aware of the staggering odds biotechnology companies face when she started her own venture fund in 2015.  Only ...

Posted on 14/09/2023

Tencent-Backed Tuhu Car Plans to Raise Up to HK$1.26B in Hong Kong IPO

By P.R. Venkat Tencent-backed Tuhu Car plans to raise up to 1.26 billion Hong Kong dollars ($160.89 million) through an initial public offering in Hong ...

Posted on 14/09/2023

Hong Kong developer Sino Land wins Kai Tak land tender with a US$676 million bid, a nine year-low, beating a crowded field of rivals

Sino Land outbid its rivals with a winning price of HK$5.3 billion for a plot of land in Hong Kong’s Kai Tak neighbourhood, which some analysts said was conservative given the stagnating economic ...

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