Unisound aims to raise about $40 million through a Hong Kong IPO, with its shares set to start trading on June 30 The AI services provider recorded 29% revenue growth last year and has a relatively ...
PBC, HKMA hold launch ceremony for faster payment systems between mainland and HK
The launch ceremony for faster payment systems between the mainland and Hong Kong Special Administrative Region is held by the People's Bank of China and the Hong Kong Monetary Au ...
China grants Hong Kong new yuan quota as Payment Connect kicks off for 315 million users
Starting from noon on Sunday, the 17 million registered users of Hong Kong’s FPS will be able to remit up to HK$10,000 per day to 298 million users on the mainland’s IBPS.
HKers can use FPS for payments up north from Sunday
Residents from Hong Kong and the mainland will soon be able to use a new fast payment tool to conduct cross-border transactions involving small sums ...
China uses HSBC bank as political tool against dissidents
Numerous pro-democracy activists and government critics from Hong Kong have had their accounts frozen by banking giant HSBC. The actions are raising concerns over China’s growing influence on ...
HSBC and Mastercard roll out mobile virtual corporate card in Hong Kong
HSBC’s commercial customers can issue virtual cards through a portal. HSBC and Mastercard have launched Hong Kong’s first mobile virtual corporate card for commercial customers, according to a press ...
Hong Kong stocks gain as PBOC’s benchmark-rate choice spurs optimism on economy
Stocks pare the week’s losses as central bank’s rate decision hints at sustained recovery in the world’s second-largest economy.
Twin cities seen key to nation’s financial clout, bank chief says
With Shanghai's strong links to the Chinese mainland market and Hong Kong's status as a global financial gateway, the two cities' differentiated strengths form a uniquely complementary partnership ...
Shanghai, Hong Kong sign action plan to tighten financial ties amid rising global challenges
Shanghai and Hong Kong signed an action plan on Wednesday aimed at deepening coordination between the two global financial hubs by ramping up market connectivity and exploring new areas of ...
What China’s Listing Frenzy in Hong Kong Means for Investors
Chinese companies are lining up in droves to list on the Hong Kong stock exchange, sparking a frenzy in a market that has been forsaken by investors and companies for many years.
The new middle class trap: Unsecured loans and social pressure fuel debt in India, Hong Kong and elsewhere
Once seen as engines of economic growth, the middle classes across countries including India and Hong Kong are now struggling to stay afloat as mounting personal debt, stagnant incomes and unchecked l ...
Hong Kong Monetary Authority says outlook for local currency uncertain
The Hong Kong Monetary Authority (HKMA) said on Thursday the outlook for the direction of the Hong Kong dollar and for interbank rates remains uncertain due to carry trades and other factors. The city ...
Alibaba-Backed ‘AI Dragon’ MiniMax Plans Hong Kong IPO
MiniMax is considering an initial public offering in Hong Kong, people familiar with the situation said, in what would be a landmark industry debut for a Chinese AI startup valued at about $3 billion.
Hang Seng Bank: Rate Decline Has Both Positive And Negative Implications
Explore why Hang Seng Bank Limited's risk-reward remains balanced amidst rate changes. Learn about NII, asset quality, and diversification prospects.