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Month: February 2025

Posted on 18/02/2025

Hong Kong Crypto Unicorn Hashkey Secures $30 Million From Early PDD Investor Gaorong

Beijing-based Gaorong Ventures’ investment values the crypto exchange operator at nearly $1.5 billion post-money.

Posted on 18/02/2025

HSBC cuts 40 dealmakers in Hong Kong ahead of restructuring, a source says

HSBC , has laid off around 40 investment bankers in Hong Kong as part of the bank's global restructuring, according to one source with direct knowledge of the matter.

Posted on 18/02/2025

Hong Kong’s finance and tech sectors to lead job market recovery this year: Robert Walters

Finance sector to lead hiring momentum and tech sector to top pay increases of up to 25 per cent to attract talent, recruitment consultancy says Hong Kong's job market is showing signs of a recovery, ...

Posted on 18/02/2025

Hong Kong investment firm’s shares surge 93% after buying just 1 Bitcoin

Shares in the Hong Kong-based investment firm HK Asia Holdings Limited nearly doubled in value during trading on Feb. 17 after the firm disclosed it had purchased one Bitcoin. HK Asia said in a Feb.

Posted on 18/02/2025

HSBC, Standard Chartered may post bumper 2024 profits this week, helped by wealth demand

Both lenders may announce a new round of share buy-backs, with HSBC at US$2 billion and Standard Chartered at US$1 billion, matching last year, analysts said HSBC and Standard Chartered Bank are ...

Posted on 18/02/2025

China property crisis: Hong Kong court orders Evergrande and HNA units to liquidate

Tianji Holding and HNA Group (International) have become the latest casualties in the mainland’s distressed property sector.

Posted on 18/02/2025

18 Hong Kong banks join forces to help SMEs weather financial storm

Banks agree to join the customer financial arrangements negotiation mechanism to help resolve funding difficulties.

Posted on 18/02/2025

China’s Leader Embraces Business, Even Jack Ma. But Will It Be Enough?

The once-sidelined Alibaba founder was among the executives who met with China’s top leader, in what was seen as a show of support for private enterprise by Beijing.

Posted on 18/02/2025

PHOTOS: 6-month-old twin panda cubs climb and sleep at their debut in Hong Kong

HONG KONG (AP) — Hong Kong’s youngest celebrities, twin 6-month-old panda cubs, made their first public appearance before adoring fans Sunday.

Posted on 18/02/2025

Hong Kong flag football group targets 2028 Olympics after runner-up finish at Asian event

Grass-roots body sets sights on building a team that can qualify to play in Asian, world championship events en route to Los Angeles Games.

Posted on 18/02/2025

Hong Kong stocks erase gains near 5-month high as DeepSeek-led rally wanes

Hong Kong stocks jumped on Monday towards a five-month high after Goldman Sachs raised its price targets for Chinese equities, betting that a faster adoption of artificial intelligence (AI) will ...

Posted on 17/02/2025

J.P. Morgan Sticks to Its Buy Rating for BOC Hong Kong (Holdings) (BNKHF)

In a report released on February 14, Jemmy S. Huang from J.P. Morgan maintained a Buy rating on BOC Hong Kong (Holdings) (BNKHF – Research ...

Posted on 17/02/2025

Standard Chartered, HKT, Animoca to form JV for HK dollar-backed stablecoin

Standard Chartered Plc said on Monday its Hong Kong banking division, Animoca Brands and HKT will establish a joint venture to apply for a license from the Hong Kong Monetary Authority for issuance of ...

Posted on 17/02/2025

HSBC lays off about 40 bankers in Hong Kong

HSBC Holdings is letting go of almost 40 investment bankers in Hong Kong, including four managing directors, according to people familiar with the matter.

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