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Month: June 2024

Posted on 27/06/2024

“Explore China, Pay Your Way” forum promotes more convenient mainland payment for Hong Kong and Macao residents as well as overseas visitors

The "Explore China, Pay Your Way" Forum was successfully held on June 26 in Hong Kong. The event was hosted by the Chinese Banking Association of Hong Kong (HKCBA), co-organized by UnionPay ...

Posted on 27/06/2024

Hong Kong-listed companies slash dollar borrowings in favor of yuan

HONG KONG -- Some Hong Kong-listed companies are shifting their borrowings to yuan, sometimes drastically, as the U.S. Federal Reserve keeps rates high to fight inflation while the People's Bank of ...

Posted on 27/06/2024

Hong Kong police arrest 37 who used loan scheme to defraud banks of HK$210 million

Twenty-three sham directors and 14 employees of shell companies submitted loan applications under government-backed scheme Hong Kong police have rounded up 37 people in a crackdown on a fraud ...

Posted on 27/06/2024

CTBC Bank achieves major milestone with Avaloq to offer an enhanced private banking experience in Hong Kong and Singapore

The new platform enables CTBC Bank to offer specialized private banking products and services in Hong Kong and Singapore. The Avaloq Core Platform supports the expansion of CTBC Bank's private banking ...

Posted on 27/06/2024

School children sang anthem too softly – Hong Kong

Hong Kong officials have singled out at least two schools for singing the Chinese national anthem "too softly".Teachers at a third school have been asked to help students "cultivate habit and ...

Posted on 27/06/2024

LME eyeing Hong Kong as a global warehouse location, says owner HKEX

The London Metal Exchange (LME) is exploring the possibility of listing Hong Kong as an LME warehouse location, the chief executive of its owner said on Thursday, as the exchange looks to strengthen ...

Posted on 27/06/2024

LME mulls warehouse in Hong Kong to tap China’s growing metals trade with global investors

The London Metal Exchange (LME) is exploring the idea of setting up a warehouse in Hong Kong to meet rising demand for the physical exchange of metals such as aluminium and zinc between mainland China ...

Posted on 27/06/2024

Hong Kong’s John Lee calls trade offices ‘jewels’ under attack by West, vows to open more

Lee also points to city's tax system as an advantage, with investors able to 'take home' earnings without paying dividend or capital gains taxes Hong Kong's overseas trade offices are "jewels" under ...

Posted on 27/06/2024

Hong Kong out to ‘make friends’, grow economy through new networks: John Lee

City will also continue to fight 'a serious disinformation campaign' orchestrated by the West, chief executive says Hong Kong will press on to expand its economic reach by seizing opportunities to ...

Posted on 27/06/2024

LME eyes Hong Kong as potential warehouse location, HKEx CEO says

The London Metal Exchange (LME) is exploring the possibility of listing Hong Kong as an LME warehouse location, the chief executive of its bourse, Bonnie Chan, said on Thursday.

Posted on 27/06/2024

Hong Kong financial sector eyes DeFi and Metaverse, despite regulatory challenges

On Tuesday, the Hong Kong Institute for Monetary and Financial Research, backed by Hong Kong’s central bank, released some documents suggesting that the financial services industry is keen on DeFi and ...

Posted on 27/06/2024

Hong Kong-listed New World sells Qianhai tower stake for US$198 million

The conglomerate sold a 30 per cent stake in the North tower of the Shenzhen Qianhai Chow Tai Fook Finance Centre to parent Chow Tai Fook Enterprises New World Development (NWD) has made yet another ...

Posted on 27/06/2024

Hong Kong Highlights Its Crypto and Web3 Capabilities at Toronto Tech Conference

In an ambitious move to attract Canadian tech startups, Hong Kong government entities focused on foreign investment promotion visited a tech conference in Toronto, Canada. The Hong Kong Economic and ...

Posted on 27/06/2024

A US officiant marries 10 same-sex couples in Hong Kong via video chat

Ten same-sex couples have gotten married in the United States over the internet from Hong Kong. The semi-autonomous southern Chinese city does not formally recognize such unions but offers them legal ...

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