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Posted on 06/07/2024

Still too soon for Hong Kong to declare its economy out of the woods

True, no one has ever bet against Hong Kong and won. But it would be a foolhardy administration that underestimates the challenges still faced.

Posted on 06/07/2024

Hong Kong bridge half-marathon returns, bosses say food, water, delay issues resolved

When the inaugural 8,000-runner race on the bridge took place last November, participants were left frustrated by a lack of food during and after the event, a shortage of toilets and water and absence ...

Posted on 06/07/2024

Hong Kong court rejects claim that judge might be prejudiced by police report seen in earlier trial

High Court rejects application by defendant Chow Hang-tung for judge Anna Lai Yuen-kee to step down from her trial for incitement to subversion.

Posted on 06/07/2024

HKMA fines DBS Hong Kong US$1.28 million after money-laundering investigation

The bank failed to conduct enhanced due diligence in high-risk situations in periods between April 2012 and April 2019, the HKMA says.

Posted on 06/07/2024

Hong Kong fines DBS Bank $1.3 mn for money-laundering breaches

The Monetary Authority fined the local arm of Singapore's DBS Bank HK$10 million ($1.3 million) for breaches of its anti-money laundering law, the banking regulator said on Friday.

Posted on 05/07/2024

Hong Kong bridge half marathon to feature food, more water, less waiting in 2025

Second edition to be held in January, and race chief says improvements have been made to address issues at the first race.

Posted on 05/07/2024

HSBC fined record US$3 million for use of ‘unauthorised’ agents in MPF recruitment scheme

HSBC, Hong Kong’s biggest lender, has been hit with a record fine of HK$24 million (US$3 million) by the pensions regulator for offering incentives to “unauthorised intermediaries” to get corporate ...

Posted on 05/07/2024

Hong Kong fines DBS US$1.28 million over breaching anti-money laundering rules

The Hong Kong unit of DBS Group Holdings, Singapore's biggest lender, was fined HK$10 million (US$1.28 million) by Hong Kong's banking regulator for violating anti-money laundering (AML) and ...

Posted on 05/07/2024

Amid Hong Kong’s deepening retail slump, location is king

HONG KONG – As a retail slump in Hong Kong deepens, business sentiments in non-prime shopping areas – particularly those in Kowloon and the New Territories – have been most adversely affected, data ...

Posted on 05/07/2024

Hong Kong fines DBS for breaching anti-money laundering rules

The scrutiny by Hong Kong resembles that of rival wealth center Singapore, which a year ago fined four financial institutions over AML breaches, including DBS. The bank failed to continuously monitor ...

Posted on 05/07/2024

Hong Kong fines DBS over breaching anti-money laundering rules

The Hong Kong unit of DBS Group Holdings, Singapore's biggest lender, was fined HK$10 million ($1.28 million) by Hong Kong's banking regulator for violating anti-money laundering (AML) and ...

Posted on 05/07/2024

Two arrested after 30 students used fake papers to enter top HK business school

Two women were arrested for allegedly forging documents after 30 master’s students were caught using fake qualifications to enter the University of Hong Kong (HKU) Business School, Hong Kong media ...

Posted on 05/07/2024

{Block Trade}HSBC HOLDINGS: 460k shares, or HK$31.31m

The deal amounted to HK$31.31m, or at HK$68.075 per share, 1.1% lower than previous close. HSBC HOLDINGS is now trading down 1.23% to HK$68, with 12.71 million shares of ...

Posted on 05/07/2024

Hong Kong start-ups shine at China’s largest AI show amid city’s drive for Asian tech hub status

Artificial intelligence (AI) start-ups from Hong Kong grabbed some of the spotlight at the three ... AI-powered rescue drone start-up LifeSparrow, local LLM start-up Stellaris AI, data and indoor ...

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