He needs to shave off US$2 billion in costs to sustain a key measure of bank’s profits. Read more at straitstimes.com.
Hong Kong and Macao authorities link bond settlement systems
The Central Moneymarkets Unit (CMU), operated by the Hong Kong Monetary Authority (HKMA), will be connected to Macao’s central securities depository (CSD). The CSD is operated by Macao Central ...
Hong Kong youth carry forward city’s 145-year-old Fire Dragon Dance
Young people took to the streets of Hong Kong on Monday for the emblematic Tai Hang Fire Dragon Dance hoping to bring a new generation to the 145-year-old tradition. Each year during the Mid-Autumn Festival,
Hong Kong, Dubai seek to strengthen ties on sustainable finance as climate risks mount
Global climate finance must increase by at least sixfold to US$8.5 trillion annually through 2030 to prevent global warming, a US non-profit says.
Jimmy Lai’s former collaborators in Hong Kong slam BDO for complicity in abuses and violations
Mark Clifford and Gordon Crovitz, senior officials at Next Digital, filed a complaint against the global accounting firm. They allege BDO enabled rights violations by providing essential services to H ...
Yoshitsu Co., Ltd Expands Reiwatakiya Brand in Hong Kong, Plans Broader Expansion Across Asia
Yoshitsu Co., Ltd ("Yoshitsu" or the "Company") (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, as well as ...
VivoPower secures Mpox diagnostic tests distribution heads of agreement for Singapore, Hong Kong and Australia with Sansure Biotech Inc
Sansure Biotech Inc (“Sansure”) is a US$1.4bn market capitalisation in vitro diagnostic solutions company listed on Shanghai Stock Exchange Mpox virus footprint has significant overlap with key ...
CK Asset leads Hong Kong builders in touting new flat sale ahead of expected rate cut
Li Ka-shing’s flagship developer says it will put 558 units on the south side of Hong Kong Island on sale as soon as next month.
Hong Kong market still feeling the chill as aircon maker Midea floats
The Midea float is the territory’s largest since short-form video app Kuaishou’s in January 2021. Its Shenzhen shares traded at a roughly 21 per cent premium to the Hong Kong listing price at Friday’s ...
Midea Shares Rise 4.9% in Hong Kong Gray-Market Trading
Chinese appliance maker Midea Group Co.’s shares gained as much as 4.9% in gray-market trading ahead of their Tuesday debut in Hong Kong.
HSBC’s new CEO is looking to shake up Europe’s largest lender
WITH just two weeks under his belt as the new chief executive officer of HSBC Holdings, Georges Elhedery has made it clear he’s looking to make his mark on the bank. Read more at The Business Times.
Undergrad Ellyn Ngai, 23, dubbed ‘Michelle Reis of the City University of Hong Kong’, wins Miss Hong Kong 2024
After months of preparation and anticipation, Miss Hong Kong 2024 has finally been crowned. This year, the coveted title was won by 23-year-old university student Ellyn Ngai, while the first and ...
Govt plans to boost start-ups with investor scheme
The head of the government's investment vehicle on Friday said it plans to boost local start-ups with millions of dollars it will manage under a ...
Hong Kong to link its bond market with Macau to create deeper, bigger hub for debt finance
The Hong Kong Monetary Authority (HKMA) will link its Central Moneymarkets Unit (CMU) to Macau Central Securities Depository and Clearing.