At four to eight months, securities firms are set to offer the highest bonus packages to their compliance professionals in Hong Kong. ( read original story ...)
Hong Kong fintech unicorn WeLab raises $240M to buy Indonesian bank
A virtual bank is soon coming to Indonesia. WeLab, a Hong Kong-based fintech unicorn, announced Tuesday its acquisition of Bank Jasa Jakarta (BJJ), an Indonesian commercial bank. With the deal, WeLab ... ( read original story ...)
Are Hong Kong’s banks ready for a digital transformation?
Hong Kong consumers are embracing digital banking amid a significant shift in how banks craft customer experience and design product offerings, according to the latest edition of McKinsey’s survey of ... ( read original story ...)
Hong Kong loses shine amid tough coronavirus restrictions
The bustling, cosmopolitan business hub of Hong Kong may be losing its shine among foreign companies and expatriates with its stringent anti-pandemic rules requiring up to 21 days of quarantine for ne ... ( read original story ...)
Executives Go First When China-Hong Kong Border Opens, Lam Says
Hong Kong will prioritize quarantine-free travel for business people when its China border reopens, Chief Executive Carrie Lam said, warning that the city’s vaccination rate could curb a broader ... ( read original story ...)
Alibaba Jumps as Much as 9.1% in Hong Kong in Broad Tech Rebound
Chinese tech stocks in Hong Kong on Tuesday, as bargain hunters piled in amid improved sentiment following Beijing’s move to bolster the economy. Shares of the e-commerce giant advanced as much as 9.1 ... ( read original story ...)
Hong Kong stocks jump from 14-month low as China set to inject US$188 billion of liquidity to revive growth
China's central bank announced a cut in banks' reserve-requirement ratio with effect from December 15, set to unleash US$188 billion of liquidity into the system Alibaba Group posts in one of the ... ( read original story ...)
Hong Kong Covid: The Cathay pilots stuck in ‘perpetual quarantine’
"You're just in a perpetual state of quarantine." Pierre*, a pilot with the city's flagship carrier Cathay Pacific, has spent almost 150 days in isolation in this year alone, he says. Though Hong Kong ... ( read original story ...)
Omicron Leads to New Curbs From NYC to Hong Kong: Virus Update
New restrictions are showing up across the world as authorities try to stem the spread of the omicron strain of Covid-19. France shut nightclubs for four weeks, New York City called for a private ... ( read original story ...)
Hong Kong IPOs’ Promising December Is Starting to Look Rocky
December was expected to show the return of major initial public offerings (IPOs) to Hong Kong after months marked by a drought of big deals, but plans are changing fast and not in a good way. China ... ( read original story ...)
The List of Concerns Over China’s Stocks Is Getting Longer. Here’s Why.
Investors are monitoring a number of issues in China that range from Alibaba's management reshuffle to confusion over delistings. ( read original story ...)
Hong Kong IPOs’ Promising December Is Starting to Look Murky
December was expected to show the return of major initial public offerings to Hong Kong after months marked by a drought of big deals, but plans are changing fast and not in a good way. Most Read from ... ( read original story ...)
Hong Kong warns Wall Street Journal of ‘incitement’ in editorial
Hong Kong has long served as a regional media hub, though it has tumbled down press freedom rankings in recent years as Beijing asserts greater control over the city. ( read original story ...)
Hong Kong Threatens Wall Street Journal With ‘Incitement’
Hong Kong's city’s government has warned The Wall Street Journal it may have broken the law by publishing an editorial that said casting blank ballots was one of the "last ways" for residents to voice ... ( read original story ...)