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Category: BUSINESS

Posted on 02/03/2024

Hong Kong authorities accuse top US diplomat in city of ‘scaremongering’, say criticism of security law contradicts his remarks on improving ties

US in 'no position to point its finger' at other countries and regions for enacting national security laws, city government says US Consul General Gregory May earlier said crackdown on dissidents ...

Posted on 02/03/2024

JPMorgan picks HSBC, StanChart to run $500 bln custody business in Hong Kong, Taiwan

JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong and Taiwan, with assets worth more than $500 billion, a spokesperson for the U.S. bank said.

Posted on 02/03/2024

JPMorgan (JPM) Picks Firms for Hong Kong, Taiwan Custody Business

JPMorgan JPM has chosen HSBC Holdings plc HSBC and Standard Chartered PLC SCBFF to run its custody businesses in Hong Kong and Taiwan. The news was reported by Reuters. A spokesperson for JPM said ...

Posted on 02/03/2024

Hong Kong’s smart mobility push sparks fresh investment in green modes of transport including sky shuttles, hydrogen buses and robot trucks

"Under the Smart City Blueprint for Hong Kong 2.0 published in 2020, it is the government's ambition to embrace innovation and technology to build a world-renowned smart Hong Kong, characterised by a ...

Posted on 01/03/2024

New World sells its interest in D-Park mall in Tsuen Wan to rival Hong Kong developer Chinachem for US$510 million

New World Development (NWD) has agreed to dispose of its shopping centre and parking spaces in Tsuen Wan, selling them to rival Hong Kong property company Chinachem Group for HK$4.02 billion (US$510 ...

Posted on 01/03/2024

‘Slippery slope once you start internet censorship’: US envoy warns Hong Kong moving to China-style curbs

Hong Kong is starting to go down the slope of trying to take certain content off the internet and blocking certain websites. It is kind of a slippery slope once you start that internet censorship.

Posted on 01/03/2024

For Hong Kong to go global, it could start by valuing the local

The budget speech underlined the government's commitment to promoting the city globally, but the focus on mega events might be misguided Local culture - from neon signs to tong lau - could serve as ...

Posted on 01/03/2024

PwC Hong Kong and watchTowr forge strategic cybersecurity partnership

SINGAPORE, March 1, 2024 /PRNewswire/ -- watchTowr, a global cybersecurity technology start-up, is excited to announce a strategic partnership with PwC Hong Kong ("PwC"). Headquartered in Singapore ...

Posted on 01/03/2024

JPMorgan picks HSBC, StanChart to run $500 billion custody business in Hong Kong, Taiwan

JPMorgan Chase has selected HSBC and Standard Chartered to operate its custody businesses in Hong Kong and Taiwan, with assets worth more than $500 billion, a spokesperson for the U.S. bank said.

Posted on 01/03/2024

Hong Kong’s Lantau Tomorrow plan delayed by 2 to 3 years, finance chief Paul Chan reveals, authorities to focus on Northern Metropolis scheme instead

Announcement of delay comes as city expected to record its fourth deficit exceeding HK$100 billion Chan says government needs to complete feasibility studies and come up with mitigating measures for ...

Posted on 01/03/2024

Hong Kong attracts 22 applicants for crypto exchange licences

The world’s largest exchange Binance was absent from the list, as was Coinbase and Kraken. Read more at straitstimes.com.

Posted on 01/03/2024

Elon Musk’s xAI startup targets valuation as high as $20B: sources

Musk is raising the funds at a valuation that would likely be between $10 billion and $20 billion for the company behind the snarky chatbot Grok.

Posted on 29/02/2024

Hong Kong Scraps Duties to Thaw Frozen Property Market

Hong Kong’s “cooling” measures have been so effective that ... You can find the link to that half-hour business show here or on Spotify here. The move is overdue. And it will take time to filter ...

Posted on 29/02/2024

Hong Kong pledges $383M for cyberport AI development boost

The Hong Kong government has announced a substantial investment of 3 billion Hong Kong dollars ($383 million) into its Cyberport business park. This funding is part of a three-year artificial ...

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