Ant Group’s trademark initiative is part of a series of moves by other Hong Kong-based tech firms, such as JD.com, that have been testing stablecoin pilots in the mainland. The tech company also ...
HSBC to set aside US$1.1 billion for potential payouts in Madoff fraud lawsuits
HSBC Holdings will book a US$1.1 billion provision in its third-quarter earnings as it faces uncertainty over payouts in lawsuits related to the Bernard Madoff fraud case, according to a stock ...
HSBC faces $1bn hit from Bernie Madoff Ponzi scheme tussle
HSBC is facing a $1.1bn (£826m) hit after losing a long-running legal battle with investors over Bernie Madoff’s Ponzi scheme.
From boardrooms to hiking trails: HKMA courts top bankers with business and leisure
In an effort to promote a more vibrant image of Hong Kong, the countryside and hiking trails will be showcased to over 300 top bankers attending next week's Global Financial Leaders' Investment Summit ...
HashKey’s IPO Plan Marks Next Step in Hong Kong’s Crypto Ambitions
As Hong Kong deepens its role in regulated digital finance, crypto’s presence in everyday life is expanding well beyond trading floors. Major payment apps now test blockchain settlements, retailers in ...
Sailis (09927.HK) Launches IPO with Entry Fee of HKD 13,282.62
Sailis, a prominent player in the new energy vehicle sector, has officially begun its Initial Public Offering (IPO) in Hong Kong, sparking significant interest among investors. This article delves ...
HSBC to take $1.1 billion hit after Luxembourg court ruling in Madoff case
HSBC Holdings said on Monday it will book a $1.1 billion provision in its third-quarter results after losing part of an appeal in a long-running lawsuit tied to Bernard Madoff's Ponzi scheme.
HSBC takes US$1.1b hit on Madoff fraud litigation
(Oct 27): HSBC Holdings plc will set aside US$1.1 billion to cover litigation by investors who lost money in Bernard Madoff’s fraud, joining other global banks unexpectedly hit recently with ...
HSBC expects $1.1bn hit from Madoff litigation
HSBC will set aside $1.1bn for a lawsuit brought by investors who lost money in Bernard Madoff’s multibillion-dollar Ponzi scheme after a Luxembourg court denied the bank’s appeal.
Huawei-powered Chinese EV maker Seres seeks US$1.7 billion in Hong Kong listing
The company aims to build an open ecosystem through long-term partnerships with Huawei and Contemporary Amperex Technology.
Education emerges as new player in Hong Kong’s office market amid high vacancy rates
Although education is not likely to surpass traditional players in the office market, it is likely to be more active than other sectors.
China EV Maker Seres Plans to Raise Up to $1.7B in Hong Kong Offer
The company, focused on new energy vehicles, is planning to sell 100.20 million shares at a maximum offer price of 131.50 Hong Kong dollars, equivalent to $16.92 a share.
JPMorgan sees Hong Kong stock rally extending to 2026, but cautions on headwinds
The MSCI Hong Kong Index, which is up 26 per cent this year, is likely to gain 8 to 25 per cent from current levels in 2026, the bank says.
Huawei EV Partner Seres Seeks $1.7 Billion in Hong Kong Listing
Seres Group Co. started taking investor orders for a Hong Kong listing that may raise as much as HK$13.2 billion ($1.7 billion), making the electric-vehicle maker the latest big Chinese company to go ...