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Month: June 2025

Posted on 04/06/2025

HSBC asset-management unit dives into private credit in Asia, with US$4 billion backing

Lender is the latest financial institution to enter the private-credit market, drawn by attractive returns and diversification advantages.

Posted on 04/06/2025

Hong Kong pro-democracy business hit with ‘unwarranted’ tax demand, owner says

A Hong Kong pro-democracy shop owner has said his business is facing “unwarranted” tax demands. Derek Chu, an ex-district councillor and the owner of e-commerce company As One, said on Tuesday that ...

Posted on 04/06/2025

Hang Seng unveils MTR Jordan Station Retail Banking Centre

It is open from 11 AM to 7 PM on weekdays. Hang Seng Bank has officially opened its transformed MTR Jordan Station Retail Banking Centre. Open from 11AM to 7PM on weekdays, the centre introduces a ...

Posted on 04/06/2025

Former Bank of China Executive: Rise of Stablecoin Poses Policy Challenge for China

Former Bank of China executive Wang Yongli warned the rise of USD stablecoin threatens China’s monetary position and urged deployment.

Posted on 04/06/2025

Hong Kong stablecoin law draws mainland attention as Citic anticipates tokenisation boom

The brokerage expects the new stablecoin law to lead to more real-world asset tokenisation projects from mainland firms in the city.

Posted on 04/06/2025

Hong Kong stablecoin rules set global benchmark as supply tops $250 billion

Hong Kong passes landmark stablecoin bill as global market hits $250 billion. City selects major firms for sandbox trials, with HKD-backed coins expected by year-end.

Posted on 03/06/2025

Hong Kong’s 2025 Growth Outlook Cut by AMRO on Trade Uncertainty

Hong Kong’s growth outlook was cut by a regional organization, which urged the city to diversify its economy and trading partners to counter growing protectionism.

Posted on 03/06/2025

Knife-wielding robber flees with ₹40 lakh in Hong Kong bank heist, cops launch manhunt

A masked man injured a bank staffer and escaped with HK$370,000 (approx. ₹40.27 lakhs) in a daylight robbery at a Hong Kong bank.

Posted on 03/06/2025

PayNet, Bank of China team up to simplify financial flows

Payments Network Malaysia Sdn Bhd (PayNet) and Bank of China (Malaysia) Bhd (BOC Malaysia) have inked a memorandum of understanding (MoU) to explore solutions that simplify financial flows between ...

Posted on 03/06/2025

BofA Securities downgrades HSBC on challenges ‘in a more unstable world’

BofA Securities cut its recommendation on the U.K.-based bank HSBC (NYSE:HSBC), citing "upside and downside risks feel balanced" and "possibility of a lower-for-longer HIBOR". HIBOR, or the Hong Kong ...

Posted on 03/06/2025

Ant International Introduces Tokenized Deposit Solutions for Real-Time Treasury Management with HSBC

Ant International has recently announced its collaboration with HSBC on the bank’s new Tokenised Deposit Service in Hong Kong.

Posted on 03/06/2025

Hong Kong firms prioritize Mainland China, South Asia for expansion amid US, Europe trade barriers: Report

A recent HSBC survey indicates that Hong Kong firms are increasingly targeting mainland China and South Asia for business expansion, a move perceived as a shift away from the US and Europe due to ...

Posted on 03/06/2025

20 Start-ups Showcase at Hong Kong Tech Pavilion in VivaTech 2025

Presenting Cutting-Edge Solutions and Innovations and Fostering Global Collaborations through Seminars and Networking Events - The Hong Kong Trade Development Council will bring together 20 start-ups ...

Posted on 03/06/2025

Hong Kong firms favour mainland China, South Asia for growth in snub to US, Europe: survey

Half of respondents in an HSBC survey picked mainland China, while one in four chose South Asia as target markets for expansion.

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