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Month: November 2023

Posted on 10/11/2023

Hong Kong Mortgage Corporation’s ‘100% Personal Loan Guarantee Scheme’ Posts Default Rate ~10%

The Hong Kong Mortgage Corporation Limited launched the 100% Personal Loan Guarantee Scheme (PLGS) in 2021 to provide a supplementary financing option to individuals who suffered f... The Hong Kong ...

Posted on 09/11/2023

MTR receives no ‘conforming tender’ for Tung Chung site in latest setback for Hong Kong’s property market outlook

MTR Corp has failed to attract any conforming tender to develop a site known as Tung Chung Town Lot No 53, despite many expressions of interest from potential bidders.

Posted on 09/11/2023

Mainland China, Hong Kong and Macau eye closer cooperation to boost fintech innovation in Greater Bay Area

Financial regulators from mainland China, Hong Kong and Macau have proposed to undertake stronger collaboration between the three jurisdictions to promote fintech in the Greater Bay Area.

Posted on 09/11/2023

Hong Kong taps property tycoons to attract family offices

THE Hong Kong government has tapped property tycoons to lure more family offices to the financial hub. Read more at The Business Times.

Posted on 09/11/2023

Wuxi Biologics Unit’s Hong Kong IPO Closes Order Book a Day Early, Sources Say

A unit of Wuxi Biologics closed its order book a day early for its initial public offering, people familiar with the matter said, a rare instance of hot demand in a choppy year for listings in Hong ...

Posted on 09/11/2023

How to Rein In Loose-Lipped Bankers? Hong Kong Tries to Figure It Out

Hong Kong is wrestling with a question troubling financial regulators around the world: How much should banks be able to tell investors about deals that are brewing?The city’s Securities and Futures ...

Posted on 09/11/2023

Hong Kong police charge 2 men with property damage over alleged disruption of organ donation register

Hong Kong police have charged two men with criminal damage to property, after they were arrested in June for allegedly disrupting the city’s organ donation register following controversy over opening ...

Posted on 09/11/2023

Deutsche Bank boosts Asia bets as clients seek Wall Street alternative -CEO

Deutsche Bank is investing more in Asia Pacific markets to woo clients seeking European lenders amid Sino-U.S. tensions and to profit from the region's higher economic growth compared to other major ...

Posted on 09/11/2023

Hong Kong finance summit tiptoes around China

Hong Kong in November enjoys a pleasant climate that some local managers dub “chairman weather”. That’s because it tends to coincide with visits from senior executives eager to escape chilly ...

Posted on 09/11/2023

Hong Kong’s bar owners struggle to find right mix for changing tastes. Can ‘niche’ spots, social media buzz restart the party?

Wondering what to do after dark? The Post unpacks ‘Night Vibes Hong Kong’ Like him, many Hongkongers are spending less at bars and pubs, and business owners are worried. Strict Covid-19 restrictions ...

Posted on 09/11/2023

Hong Kong’s ‘back in business’ claim rings true, as client focus on mainland China undiminished: Deutsche Bank CFO

Hong Kong is 'very much back in motion', James von Moltke says after German lender hosts board meeting in the city alongside global banking summit 'Among our German clientele, there's no sense of a ...

Posted on 09/11/2023

Pizza Hut in Hong Kong serves up snake pizza

Pizza Hut in Hong Kong has collaborated with a century-old local restaurant to introduce snake pizza to customers. Snake pizza: The 9-inch pizza features shredded snake meat, black mushrooms and ...

Posted on 09/11/2023

Hong Kong virtual insurer OneDegree on track to turn a profit in 2024 on back of popular coverage of household pets and digital assets: CEO

Fintech start-up OneDegree’s optimistic projection stems from the positive performance of the company’s household pet and digital-asset insurance operations.

Posted on 09/11/2023

Catholic bishops call on Hong Kong government to release pro-democracy activist Jimmy Lai

Multiple Catholic leaders from around the world this week called upon the government of the Hong Kong Special Administrative Region to release prominent Hong Kong pro-democracy activist and Catholic ...

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