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Month: January 2024

Posted on 19/01/2024

‘Why is China down again?’ Bewildered Hong Kong-based funds ask BofA Securities to explain stock losses

The MSCI China Index may be off to its worst start since 2016, but some veteran China investors reckon that China’s economic fundamentals are not as bad as stock prices suggest, BofA Securities’ ...

Posted on 19/01/2024

Pay first, sex later? Hong Kong elderly man among 90 victims who lost HK$4 million in two weeks in ‘compensated dating’ scams

More than 90 Hong Kong men, the oldest aged 70, lost over HK$4 million (US$511,500) in just two weeks after being tricked into paying in advance for sex in “compensated dating” scams. Police last year ...

Posted on 19/01/2024

ALB Hong Kong IPO Handbook 2024 | ALB香港首次公开上市手册2024

Asian Legal Business is proud to announce that 2024 edition of the well-reviewed Hong Kong IPO Handbook has been published. The ALB Hong Kong IPO Handbook 2024 provides guidance to companies on ...

Posted on 19/01/2024

Hong Kong Takes a Hit as a Financial Center. How China Played a Part.

Hong Kong isn’t exactly washed up as a hub for finance. But it is fading as a global financial center, thanks to China’s tighter political embrace.

Posted on 19/01/2024

Hong Kong firm targets spot Bitcoin ETF launch in Q1

A HONG KONG financial services company aims to start an exchange-traded fund (ETF) investing directly in Bitcoin this quarter as the city pushes ahead with efforts to develop a digital-asset hub. Read ...

Posted on 19/01/2024

Hong Kong Firm Targets Spot Bitcoin ETF Launch in First Quarter

A Hong Kong financial services company aims to start an exchange-traded fund investing directly in Bitcoin this quarter as the city pushes ahead with efforts to develop a digital-asset hub.Most Read ...

Posted on 19/01/2024

Hong Kong businessman falls victim to break-in after thief makes off with HK$1 million in luxury watches from his home

Burglar entered the house using a master key at around 8pm on Thursday with the 53-year-old man’s mother inside, insider says.

Posted on 19/01/2024

Hong Kong national security police arrest man over seditious social media posts provoking ‘hatred’ towards authorities

Hong Kong national security police have arrested a 35-year-old man for allegedly posting seditious messages on social media platforms to provoke “hatred” towards the central and city governments. The ...

Posted on 19/01/2024

How Digital Banks in Asia are Redefining Banking with Unique Business Models

Digital banks in Asia like Kakao, MyBank, Paytm, and ANEXT redefine banking with unique models, driving financial inclusion and innovation.

Posted on 19/01/2024

Hong Kong stocks rise for second day, trimming weekly loss with SMIC, AIA, BYD posting gains on valuation appeal

Stocks log a second day of gains as some investors are attracted to cheap valuation. Some funds remain wary of China’s outlook as policymakers refrain from injecting big stimulus to appease markets.

Posted on 19/01/2024

Hong Kong police arrest 4 directors of drug rehab charity for suspected fraud, issue warrant for school principal

Hong Kong police have arrested four directors of a drug rehabilitation charity for suspected fraud involving tens of millions of dollars, and are seeking three others – now based overseas -including ...

Posted on 19/01/2024

What is ‘soft resistance’? In Hong Kong, it depends on who you ask and what side of the political divide they sit on

Term first appeared locally in April 2021 in a speech by Luo Huining, then director of Beijing's liaison office, to mark Hong Kong's first National Security Education Day Phrase has come into vogue in ...

Posted on 19/01/2024

New scheme to up plastic recycling rates in Hong Kong gets broad support, but consumers want higher rebates: survey

New scheme to up plastic recycling rates in Hong Kong gets broad support, but consumers want higher rebates for returning their beverage containers, according to a survey.

Posted on 19/01/2024

Tobacco should pay for Hong Kong health and deficit

Another tax rise needed as city struggles to reduce the number of smokers and improve its financial position Higher tobacco taxes may be coming the way of Hong Kong if authorities initiate another ...

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