HSBC has carved out a lucrative role in global banking over the past 155 years by straddling the line between East and West. Now, a political firestorm over the bank’s hometown of Hong Kong ...
Hong Kong court to hear jailed democrats’ pleas
A Hong Kong court will hear appeals starting on Monday from 13 democracy campaigners who were jailed for subversion last year during the city’s largest national security trial. They were among 45 ...
Hong Kong couple arrested over trying to open HSBC account with fake HK$500 million bonds
Alleged incident was reported to force by bank staff at 12.35pm on Monday, prompting officers to arrest couple for using false instrument.
Hong Kong Targets Banking Rules to Implement Basel Cryptoasset Standards
Hong Kong is targeting new banking rules aimed at aligning its regulatory framework with international standards on cryptoasset exposures, as part of efforts ...
Geopolitics spur Hong Kong’s renewed focus on South Korean trade collaboration
Finance chief Paul Chan positions superconnector Hong Kong as a stable bridge for Korean enterprises in push to reinvigorate investment.
Hang Seng Bank, Hong Kong’s Fourth-Largest, Is a Listed Subsidiary of …
Hang Seng Bank has a 7% share of deposits in Hong Kong as of the end of 2023, ranking fourth in the market after HSBC with 33%, Bank of China (Hong Kong) with 16%, and Standard Chartered with 12%.
Narrowing profits
Finance, Macau, Macau Business, MAG, MB, MB Featured, Uncategorized | Bank of China Macau Branch remains the top performer despite a 40 per cent profit shrink in 2024. BNU returns to the city’s top ...
OpenAI Challenger Zhipu Said to Weigh Shifting IPO to Hong Kong
Chinese AI startup Zhipu is considering shifting its planned initial public offering to Hong Kong instead of mainland China, according to people with knowledge of the matter, adding to a dealmaking ...
Can Stablecoins Power Decentralized Finance Without Centralizing It?
DeFi was created to bypass reliance on intermediaries, but now it depends on centrally issued stablecoins, raising questions about control and resilience.
China stocks flat after touching 9-month high; Hong Kong gains on Goldman upgrade
** In Hong Kong, the benchmark Hang Seng Index closed 0.5% up at 24,485.49, also pulling back from a 4-month high hit during earlier trades. The Chinese H-share index listed in Hong Kong, the Hang ...
Hong Kong’s financial secretary expects real GDP growth of 3.5% … – CNN
Hong Kong’s Covid-hit economy will return to growth this year and expand by between 3.5% and 5.5%, as the city opens up and China’s economic outlook improves, Hong Kong’s financial secretary ...
HSBC Tests Hong Kong Digital Currency on Ethereum, Arbitrum, and Polygon
HSBC tested e-HKD+ on Ethereum, Arbitrum, and Polygon to explore secure, scalable digital currency settlement options.
Hong Kong says Chong Sing Heritage Trust an unauthorized bank
The bank does not have authorization to carry a banking business in Hong Kong. Hong Kong Monetary Authority (HKMA) said that the entity “Chong Sing Heritage Trust Bank” does not have authorization to ...
China‑Linked Digital Banks Target Hong Kong’s Insurance Market, Exposing Need to Go Beyond Virtual‑Only Models
For instance, in March, PAO Bank, an online-only bank backed by Shenzhen-based conglomerate Ping An Insurance Group, obtained an insurance agency license and partnered with Ping An Insurance Hong Kong ...