JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong and Taiwan, with assets worth more than $500 billion, a spokesperson for the U.S. bank said.
JPMorgan (JPM) Picks Firms for Hong Kong, Taiwan Custody Business
JPMorgan JPM has chosen HSBC Holdings plc HSBC and Standard Chartered PLC SCBFF to run its custody businesses in Hong Kong and Taiwan. The news was reported by Reuters. A spokesperson for JPM said ...
Hong Kong’s smart mobility push sparks fresh investment in green modes of transport including sky shuttles, hydrogen buses and robot trucks
"Under the Smart City Blueprint for Hong Kong 2.0 published in 2020, it is the government's ambition to embrace innovation and technology to build a world-renowned smart Hong Kong, characterised by a ...
Hong Kong’s Growing Internet Censorship Threatens Its Financial Hub Status, Warns Top US Diplomat
The diplomat highlighted the government's efforts to remove the protest song "Glory to Hong Kong" from the internet, as well as the blocking of certain websites, as examples of the increasing censorsh ...
‘Worst is over’ for Hong Kong property even though sales dropped to four-month low in February, analysts say
The same day, the Hong Kong Monetary Authority (HKMA) also relaxed its mortgage policies to allow homebuyers to borrow more for buying properties. NWD to tap improved sentiment by bringing property ...
New World sells its interest in D-Park mall in Tsuen Wan to rival Hong Kong developer Chinachem for US$510 million
New World Development (NWD) has agreed to dispose of its shopping centre and parking spaces in Tsuen Wan, selling them to rival Hong Kong property company Chinachem Group for HK$4.02 billion (US$510 ...
Crypto hub Hong Kong, APAC exchanges’ bull run, China’s CBDC bridge: Asia Express
Hong Kong remains firm on the exchange registration deadline, and APAC exchanges see record volumes amid the crypto bull run.
Hong Kong property curbs scrapped, Taylor Swift deal questioned, China’s durian king: SCMP’s 7 highlights of the week
From property curbs in Hong Kong being scrapped to the intensifying durian market in China, here are a few highlights from SCMP’s recent reporting.
Hong Kong overnight visitor spending dropped 37% during 2023 and will fall further to 2019 levels, Tourism Board says
The board said on ...
Hong Kong Property Agent’s 30% Jump May Extend as Buyers Return
Midland, as the only property agency publicly traded in Hong Kong and thus a proxy of the sector, stands to be a main beneficiary if such recovery comes to fruition.
Hong Kong aims to boost global edge with new Budget, but faces challenge in returning to glory days
Hong Kong Financial Secretary Paul Chan in his Budget speech on Feb 28 said the short-term goal is to stabilise confidence “so as to resist the impact brought about by the weak market resulting from ...
Exclusive-Deutsche Bank to file liquidation suit against Chinese developer Shimao, sources say
Deutsche Bank is preparing a liquidation lawsuit in Hong Kong against Chinese developer Shimao Group, two sources said, in a rare move by a foreign firm that comes amid rising credit defaults and ...
‘Slippery slope once you start internet censorship’: US envoy warns Hong Kong moving to China-style curbs
Hong Kong is starting to go down the slope of trying to take certain content off the internet and blocking certain websites. It is kind of a slippery slope once you start that internet censorship.
For Hong Kong to go global, it could start by valuing the local
The budget speech underlined the government's commitment to promoting the city globally, but the focus on mega events might be misguided Local culture - from neon signs to tong lau - could serve as ...