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Month: November 2023

Posted on 15/11/2023

Hong Kong Crypto Exchange Owner Receives $90 Million Investment from BGX

BC Technology Group has announced a substantial investment from industry firm BGX. This partnership marks a testament to OSLs dedication to setting new standards in digital asset security, compliance, ...

Posted on 15/11/2023

Hong Kong Ousts Dubai as Biggest Hub for Russian Gold Trade

Shut out of London following the invasion of Ukraine, Russian gold trading switched to Dubai. Now it’s shifting again, to the bullion hub of Hong Kong.

Posted on 15/11/2023

Beijing’s top official in Hong Kong calls on financial hub to serve as strong catalyst for country’s development goals

City should aim to attract international capital to stop ‘some nations’ from severing the country’s supply chains, Zheng Yanxiong says.

Posted on 15/11/2023

Sustainable business: more Hong Kong firms are getting their ESG reporting checked by external auditors as investors look for reliable data, industry survey finds

Listed companies in Hong Kong are increasingly taking on external auditors to check their environmental, social and governance (ESG) reporting, as investors and stakeholders look for more reliable and ...

Posted on 15/11/2023

Hong Kong victims can still sue Centaline Property Agency over alleged sales commission fixing despite leniency deal, antitrust watchdog says

Competition Commission’s Lester Lee says Centaline can still be held liable for allegedly conspiring with Midland Holdings to fix minimum net commission rates.

Posted on 15/11/2023

US Federal Pension Fund to Exclude Hong Kong Investments

The main US federal government pension will exclude investments in Hong Kong, in addition to mainland China, for its $68 billion international fund, amid rising tensions between the world’s two ...

Posted on 15/11/2023

Head of China’s government-backed bishops’ body visits Hong Kong

Bishop Li Shan of Beijing, who leads the national government-sponsored bishops conference in China, began a 5-day visit to Hong Kong intended to strengthen ties between the two churches and facilitate ...

Posted on 15/11/2023

Hong Kong stocks surge on bets Federal Reserve’s done with rate hikes, surprise China retail and industrial data

Hong Kong stocks rallied as cooling inflation in the US bolstered bets that interest rate increases may have peaked, while China’s positive retail and industrial figures helped to ease concerns about ...

Posted on 15/11/2023

Hong Kong anti-triad police hunt 3 men over knife attack, after taxi ambushed and 2 passengers slashed

Hong Kong anti-triad police on Wednesday launched a manhunt for at least three assailants over a car-ramming and stabbing attack that left two taxi passengers injured in a busy shopping district in ...

Posted on 15/11/2023

China Self Driving Firm IMotion Aims to Launch $100 Million Hong Kong IPO This Month – Sources

SYDNEY (Reuters) - Chinese self-driving firm iMotion Automotive Technology is aiming to raise $100 million in its Hong Kong initial public offering (IPO) due to launch in the last week of November, ...

Posted on 15/11/2023

Swiss private bank UBP plans Hong Kong, Greater Bay Area expansion to satisfy growing wealth-management demand, CEO says

“Fortunately, I have not seen that change. Hong Kong is still full of energy. It is a booming city where every person is busy in doing business.” UBP sees a bright future for Hong Kong given its ...

Posted on 15/11/2023

Hong Kong Ousts Dubai as Biggest Hub for Russian Gold Trading

Shut out of London following the invasion of Ukraine, Russian gold trading switched to Dubai. Now it’s shifting again, to the bullion hub of Hong Kong.

Posted on 15/11/2023

Hong Kong journalist group expresses ‘deep regret’ over interview access at banking summit, urges improvements

The city’s largest journalist group has urged the Hong Kong Monetary Authority to improve media arrangements at its events, expressing “deep regret” that reporters were not allowed to interview ...

Posted on 15/11/2023

DHL Express unveils US$410 million expansion of Hong Kong hub, bets on city’s international logistics centre status and new three-runway system

DHL Express has unveiled a HK$3.2 billion (US$409.7 million) expansion of its hub in Hong Kong, in a show of confidence in the city’s position as an international logistics centre.

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