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Category: BUSINESS

Posted on 06/06/2024

Billionaire Richard Li’s FWD Group revives Hong Kong IPO plan, sources say

Billionaire Richard Li has revived plans to list pan-Asian insurer FWD Group in Hong Kong, said three people with direct knowledge of the matter, after regulatory delay and market volatility scuppered ...

Posted on 06/06/2024

Hong Kong Shares Tipped To Bounce Higher Again On Thursday

(RTTNews) - The Hong Kong stock market on Wednesday snapped the two-day winning streak in which it had collected more than 360 points or 2 percent. The Hang Seng Index now sits just beneath the 18,425 ...

Posted on 05/06/2024

HK$19 billion in loans approved since 2020 to help Hong Kong’s retail SMEs hit by pandemic

Commerce minister says over 6,000 companies with 53,000 employees have benefited from loan guarantee scheme started in April 2020.

Posted on 05/06/2024

HK Fintech Startup Mezzofy Completes US$2M Pre-Series A Financing Round w/ Participation from HK Govt’s ITVF

Mezzofy, a local fintech startup, recently completed a Pre-series A financing round led by Isola Capital's private equity venture capital, VII, with participation from Hong Kon... Mezzofy, a local ...

Posted on 05/06/2024

Hong Kong stocks extend gains for a third day amid hopes of US interest-rate cuts on weak jobs data

Hong Kong stocks’ rose for a third day amid investors’ expectations ... billion convertible bond issue to fund repayment of existing debt, expand its overseas business and for working capital needs.

Posted on 05/06/2024

Chinese move billions into Hong Kong banks seeking higher yields

HSBC Holdings attracted more than 130,000 new bank customers in Hong Kong in the first quarter. Bank of China (Hong Kong) gained 200,000 new cross-border clients in 2023, while at Hang Seng Bank, new ...

Posted on 05/06/2024

The FBI Created Its Own Startup–and Used It to Stage a Massive Sting Operation

Netflix is adapting Joseph Cox's book 'Dark Wire,' which recounts what happened when FBI agents ensnared criminals with a phone that secretly copied their messages.

Posted on 04/06/2024

High-speed trains connecting Hong Kong to Beijing, Shanghai will start on June 15

New high-speed trains will run overnight from Hong Kong to Beijing as well as Shanghai from June 15. Keep reading to know more.

Posted on 04/06/2024

Hong Kong defender Gerbig has ‘rough start’ to Chinese Super League career, ready for World Cup qualifier clash with Iran

Oliver Gerbig has vowed to remain faithful to new club Henan FC despite a “rough start” to his Chinese Super League career. The Hong Kong centre-back, who is expected to feature in Thursday’s World ...

Posted on 04/06/2024

Is Hong Kong ‘just another Chinese city’? Its clean public service still sets it apart

But two Hong Kong assets that are mentioned less often are its relatively ... A clean public sector and a culture resistant to corruption contribute to a stable business environment and help attract ...

Posted on 04/06/2024

Hedge Fund Dymon Expands Hong Kong Office, Bucking Trend

Hedge fund firm Dymon Asia Capital is expanding in Hong Kong’s central business district, at a time when the city is seeing record premium office vacancies and declining rental rates.Most Read from Bl ...

Posted on 04/06/2024

High-speed sleeper trains to depart Hong Kong at night, arrive in Beijing, Shanghai in morning from June 15

China Railway announces that through train to the two mainland cities will be replaced and upgraded with high-speed services Chief Executive John Lee welcomes new arrangement and expresses gratitude ...

Posted on 04/06/2024

Hong Kong is Asia’s busiest ‘super-prime’ housing market as removal of property curbs boosts demand: Knight Frank report

“Hong Kong remains a critical business centre and wealth hub in Asia and the recent volumes of super-prime sales is likely to be sustained into the medium term.” Singapore is in a completely different ...

Posted on 04/06/2024

Why Hong Kong’s Economic Future Looks Grim

Hong Kong may soon climb the ignominious list of finance centers that depend on laundered funds as more legitimate capital flees to locales that have not shed the rule of law.  Saudi funds are the ...

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