Kwong Ka-kit, 30, convicted of six counts of money laundering through six payments between October 2019 and May 2021.
Hong Kong Faces Property Problems: All Very Much Of Beijing’s Making
High interest rates have played a role as well since Hong Kong’s dollar peg forces the authorities there to follow the rate hikes of the U.S. Federal Reserve (Fed) instead of the rate cuts of the ...
Hong Kong’s property downturn yet to run its course, with home prices set to decline by up to 10% this year, S&P says
Hong Kong’s current property market downturn is cyclical and ... addressing mounting calls from the property and business sectors to ditch the decade-old measures. The announcement came as lived-in ...
Alibaba Puts New Leader in Charge of Freshippo With IPO in Limbo
Alibaba Group Holding Ltd. appointed a new head of its grocery arm Freshippo in the latest step of a wide-ranging restructuring.Most Read from BloombergPutin Warns Russia Won’t Stop After Predictable ...
ZA Bank has detected HK$4b of suspicious financial activities
Its real-time fraud monitoring system screens 100,000 transactions per day. ZA Bank says that it has boosted its risk control performance by 400% since launching in 2020. In a press announcement, the ...
EMPF Platform: Hong Kong to migrate smallest pension firms first, with giants like HSBC to bring up the rear by end-2025, regulator says
YF Life Trustees, the smallest of Hong Kong’s MPF providers, will be the first to migrate to the soon-to-be-launched eMPF Platform, while HSBC, the largest provider, will be the last, according to the ...
Hong Kong’s Greater Bay Airlines CEO Plans to Step Down by April
Hong Kong carrier Greater Bay Airlines Co.’s Chief Executive Officer Stanley Hui is preparing to step down, according to people familiar with the matter.Hui, 73, may resign from his role as early as ...
China EV startup Xpeng will launch a brand that’s 50% cheaper, following Tesla downmarket to survive a slowing EV market
Xpeng says it's launching new models which will be priced between 100,000 to 150,000 yuan — 50% lower than the price range premium brands operate in.
Hong Kong cryptocurrency custodian Hex Trust targets profitability, fresh funding in 2024 as virtual-asset market rebounds
After cutting costs throughout 2023, Hex Trust sees the cryptocurrency market's revival 'directly translating into profitability' for the firm Hex Trust chief executive Alessio Quaglini said the ...
Japanese firms snap up retail spaces in Hong Kong
More Japanese brands and retailers are likely to occupy shops in Hong Kong this year, drawn to the city's more reasonable retail rents, as well as Hongkongers' affection for anything related to the ...
‘Don’t cut off the lifeblood of the market’: Hong Kong ex-leader, lawmaker criticise Flower Market redevelopment
The planned redevelopment of parts of Hong Kong’s historic Flower Market has come under fire, with a lawmaker and a former city leader urging the authorities to give greater consideration to the ...
Hong Kong grocery chain DCH feels the pinch of online shopping, goes out of business after 39 years of operations
Hong Kong grocery chain Dah Chong Hong (DCH) Food Mart will bring down the curtains on its stores after 39 years in operation, with regular patrons expressing sadness at the move. “After careful ...
Hong Kong has 2,700 single family offices in wealth hub boost
There is no requirement on minimum local investment. Singapore has more stringent requirements for larger-sized family offices when it comes to local business spending and staff numbers. Hong Kong ...
Hong Kong – Prudential Measures For Property Mortgage Loans And Other Related Supervisory Requirements.
Hong Kong - Prudential Measures For Property Mortgage Loans And Other Related Supervisory Requirements. Legal News and Analysis - Hong Kong - Banking & Finance - ...