HSBC is facing a "hit" of more than £6.3 billion as a result of unsecured commercial property loans into China, a UK-based tax consultant has warned, a media report said.
This Central Bank Chief Predicts Native Digital Tokens Will ‘Leave The Scene’
During a panel at the Hong Kong Monetary Authority-Bank for International Settlements event, Singapore's central bank leader Ravi Menon, forecasted a decline in private cryptocurrencies that don't ...
Hong Kong may further empower regulators to tackle cryptocurrency scams, John Lee says, amid fallout from Hounax, JPEX cases
City leader John Lee says regulator powers may be bolstered, after watchdog explains it cannot close Hounax platform at centre of alleged HK$148 million scam.
HSBC facing a ‘hit’ of over £6.3 bn as a result of unsecured commercial property loans into China
London, Nov 28 (IANS): HSBC is facing a "hit" of more than £6.3 billion as a result of unsecured commercial property loans into China, a UK-based tax consultant has warned, a media report said.
Hong Kong looks to improve payment practices in construction sector with bill in works to fix cash-flow problems along supply chain
Industry stakeholders, including contractors, subcontractors, works consultants and suppliers, have long experienced payment problems, studies show.
Big Four firms tell staff to use burner phones in Hong Kong
Staff at some of the world’s biggest accounting and consulting firms are being asked to use burner phones when visiting Hong Kong amid growing worries about security.Deloitte and KPMG, two of the Big ...
Don’t use your own phone in Hong Kong, 2 accounting giants reportedly tell workers
KPMG and Deloitte advised its employees not to use their personal devices while visiting the China-controlled region, The Financial Times reported.
HSBC, Hang Seng Join China’s Digital Yuan Pilot
The international banking giants HSBC and Hang Seng Bank have joined China’s digital yuan pilot. 21st Century Business Herald reported that a group of “four foreign banks” have “officially announced ...
Hong Kong financial institutions bullish on tech
However, Hong Kong has the highest proportion of financial institutions, Finastra notes, that have not been constrained at all (30%) behind Saudi Arabia (34%). Of those whose organizations have been ...
China will focus on ‘high-quality, sustainable growth,’ central bank chief says
China’s central bank governor says the world’s second largest economy is continuing to recover, and is on track to meet its 5% expansion target this year.
Executives at international firms Deloitte, KPMG advised to use burner phones for Hong Kong visits – report
The news comes amid Hong Kong’s effort to reassert itself as a global financial centre that leverages its One Country, Two Systems framework, just weeks after the city’s de facto central bank, the ...
Hong Kong should set up special office to coordinate biomedical research as city aims to become international hub, industry figures say
The Hong Kong Association of the Pharmaceutical Industry on Tuesday called for officials to work to speed up clinical trials and get the participation of more patients from the Greater Bay Area, which ...
Former PBOC Governor Confirms China Is ‘On Track’ For Completion Of Central Bank Digital Currency
China’s central bank digital currency (CBDC) development is in its final stages, according to the former governor of the People’s Bank of China (PBOC), indicating a significant stride towards the ...
HSBC hires senior private banking executive from UBS to serve wealthy Indians
HSBC Holdings Plc has reportedly hired a senior private banking executive from UBS Group AG where he ran a team serving wealthy Indians who live overseas. Gautam Anand was appointed Global Coordinator ...