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Month: May 2024

Posted on 23/05/2024

HSBC’s Silicon Valley Bank UK acquisition raises Hong Kong lender’s tech profile with clients, start-ups

HSBC arranged a three-day tailored programme in California last week for its Asian private bank clients to meet Silicon Valley start-ups and venture capitalists.

Posted on 23/05/2024

HSBC HOLDINGS Buys back ~6.49M Shrs for ~$450M on Wed

HSBC HOLDINGS (00005.HK) repurchased 2.9918 million shares of the company in London on Wednesday (22nd) at GBP6.922-7.023 per share, with an average price of GBP6.9673 per share, involving GBP20.845 ...

Posted on 23/05/2024

Estimated price tag for Hong Kong’s Northern Metropolis revealed as HK$224 billion – but expert expects final bill to be much heftier

A massive Hong Kong development near the border with mainland China will cost at least HK$224 billion to build, development authorities have revealed for the first time, but an expert expects that sum ...

Posted on 23/05/2024

Under-fire University of Hong Kong works on dentistry curriculum and internships after standard of clinical training slammed

HKU says it is ‘continuously enhancing’ dentistry curriculum and working with government to set up public sector internships for all the faculty’s graduates ...

Posted on 23/05/2024

Weak Yuan Burnishes the Appeal of Hong Kong Stocks Over China’s

(Bloomberg) -- Chinese stocks traded on the mainland are lagging their Hong Kong peers by the most since 2011, an underperformance that’s likely to endure as a weak yuan saps the former’s outlook.

Posted on 23/05/2024

Hedge Funds’ Bullish Picks Mostly Win as Sohn Hong Kong Returns

The Sohn investment conference returns to Hong Kong on Thursday, with most of last year’s bullish pitches doing well. (Bloomberg) — The Sohn investment conference returns to Hong Kong on Thursday, ...

Posted on 23/05/2024

Matthew Trickett: man charged with spying for Hong Kong found dead

Police are investigating the "unexplained death" of a former Royal Marine charged with spying for Hong Kong's intelligence services. The body of Matthew Trickett was found in a park in Maidenhead, Berkshire on Sunday evening, days after he was released on ...

Posted on 23/05/2024

HSBC HOLDINGS Buys back 6.144M Shrs for $423M in Total on Tue

HSBC HOLDINGS (00005.HK) announced that it repurchased 3.697 million shares of the company in London on Tuesday (21st) at GBP6.911-6.981 per share, with an average price of GBP6.9431 per share, for a ...

Posted on 23/05/2024

Hong Kong finance chief Paul Chan to visit US, promote city and China’s Greater Bay Area to business leaders

Hong Kong’s finance chief will embark on his second trip to the United States in half a year to promote the city’s business opportunities after a visit to France, the government has announced.

Posted on 23/05/2024

China links CBDC to Hong Kong’s fast payments system

The People’s Bank of China has expanded its central bank digital currency (CBDC) pilot by linking it to Hong Kong’s fast payments system and allowing local residents to top up their wallets.

Posted on 23/05/2024

Hong Kong regulator directs Worldcoin to cease operations citing privacy concerns

A Hong Kong regulator on Wednesday served an enforcement notice to Worldcoin Foundation directing it to cease all operations of the cryptocurrency project in the country, citing risk to privacy and ...

Posted on 23/05/2024

Ex-Royal Marine charged with being Hong Kong spy found dead in ‘unexplained’ circumstances

A British man charged with spying for Hong Kong was mysteriously found dead in a UK park over the weekend — just days before he was set to face court. The body of Matthew Trickett, 37, was discovered by a passerby in Grenfell Park in Maidenhead ...

Posted on 22/05/2024

Hong Kong police arrest 100 suspects linked to scams totalling HK$180 million in losses

Hong Kong police have arrested 100 suspects linked to scams with losses totalling HK$180 million as part of a crackdown on fraud and money laundering. Sham Shui Po district police said on Wednesday ...

Posted on 22/05/2024

‘Little’ or mega events? Hong Kong must be more aggressive to attract stars, ‘make noise’ on global stage in tourism drive, industry says

Analysts point to Singapore’s tie-up with Taylor Swift as good example of aggressive tactics, with international sports competitions also top of the wish list for some.

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