HSBC India has received approval from the Reserve Bank of India (RBI) to open 20 new branches, marking the largest expansion granted to any foreign bank in over a decade. These branches will be set up ...
Why Every Hong Kong Business Needs an LEI Code for Global Transactions
Have you considered how your business manages international transactions smoothly and efficiently? Nowadays, seamless global transactions are vital for growth and credibility. Establishing trust and ...
Hong Kong minister dispels ‘lying flat’ concerns as youth rental flat applications drop
Applications for public housing among those under 30 have declined by 46 per cent from 16,000 in 2019-20 to 8,600 in 2023-24.
Hong Kong land sale to fetch around US$76 million amid developer caution
The New Territories site – the only residential plot offered in the previous quarter – has attracted bids from six developers.
Hong Kong fintech association unveils AI advisory council
It will serve as the industry voice to share best practices, amongst others. The Fintech Association of Hong Kong (FTAHK) has launched the FTAHK AI Strategic Advisory Council, a dedicated committee ...
What to Know About the Pork IPO That Could Kick Off 2025 With a Bang
Smithfield Foods could be one of the year's biggest U.S. initial public offerings, with the pork producer planning to raise as much as $940 million as it returns to the stock market The Smithfield, Va ...
Ascentage Pharma’s US Shares Climb After $126 Million IPO
Shares of Ascentage Pharma Group International rose as much as 4% in the Chinese biopharmaceutical company’s US trading debut after pricing its $126.4 million initial public offering at a discount to ...
Ascentage Pharma IPO opens flat
IPO began trading Friday on the NASDAQ. Shares opened at $17.25 per ADS, in line with the initial public offering (IPO) price of $17.25. The pharmaceutical company, already listed on the Main Board of ...
Hang Lung Properties profit slumps 46% on lower leasing profits, higher finance costs
Hong Kong developer Hang Lung Properties’ 2024 earnings slumped 45.8 per cent from a year earlier due to lower operating leasing profits and higher finance costs. The company’s net profit attributable ...
HK’s financial system endorsed by IMF
An International Monetary Fund report reaffirms Hong Kong’s position as an international financial centre, and recognises that the city’s financial system remains resilient.
KPMG: Slower than expected interest rate cuts to support bank margins in 2025
Banks should prioritise cost optimisation, data governance, and digital transformation to build a foundation for long-term growthHONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Hong Kong’s ...
Phishing alert as Hong Kong workers warned to be wary of fake company emails
Almost 10 per cent of workers clicked on a fake human resources department survey, a test involving 37,220 employees found.
Obesity biotech Aardvark eyes IPO as Ascentage makes $126M Nasdaq debut
The buzz around biotech IPOs is continuing through January, with clinical-stage metabolic company Aardvark Therapeutics ...
Stock market today: Asian shares gain after S&P 500 climbs to a record and Bank of Japan raises rate
Tokyo's Nikkei 225 index gained 0.3% to 40,074.87 after the central bank raised its benchmark rate to about 0.5% from 0.25%, as widely expected. It is the highest level for the rate since 2008, as the ...