Hong Kong led the way again, helped by hopes that China's reopening ... still after a run of resilient activity data, lower gas prices, easier financial conditions and earlier China reopening, ...
Hong Kong court finds major bank ANZ was scammed millions in six-year long nickel fraud
A Hong Kong court has found ANZ was defrauded of hundreds of millions of dollars by a trader and his affiliates, and was able to fraudulently obtain financing from the major Australian bank.
Hong Kong court finds that faked warehoused nickel receipts scammed ANZ for $412m
A trader, and entities linked to him, defrauded ANZ of more than $US293m ($412m) in a scheme involving 80 faked invoices, a Hong Kong court has found.
BOC seizes P23-m smuggled sugar from HK
Bureau of Customs (BOC) agents posted at the Manila North Harbor have seized more than P23 million worth of refined ...
Year of the Rabbit 2023: HSBC, Citibank, Standard Chartered among the lenders offering staff generous ‘return-to-work’ lai see, gifts
Hong Kong’s biggest banks plan to present lai see, gift hampers and tickets to Disneyland as gifts for their staff as they return to the office on the first working day in the Year of the Rabbit.
HSBC names new trade COO, reorganises Asia and Americas leadership
HSBC has implemented a raft of people changes within its global trade and receivables finance (GTRF) business, including the appointment of a chief operating officer (COO) and changes to its Asia and ...
‘Heavenly banking’: religious racketeers dupe Hong Kong woman to deposit US$25,000 into ‘account on the other side’
A brainwashing Hong Kong religious racket has lured a woman from the city into “depositing” US$25,000 into a “bank in Heaven”.
Hong Kong’s economy could face ‘some difficulties’ in first quarter, but recovery in sight, finance chief says
I think as we enter the second quarter, the strength of recovery should be much more obvious,’ Financial Secretary Paul Chan says.
Zambales fishers seek damages after HK ship ‘hit’ artificial reefs
Local fishermen on Monday called on authorities to help them seek at least P900,000 in compensation from a foreign vessel that reportedly destroyed their ...
China Pumps Up The ‘Panda Bond’ Market
With interest rates rising in the West, China hopes its falling interest rates will attract multinationals to its domestic bond market.
Hong Kong, mainland China restaurants bank on first Lunar New Year in 3 years without Covid-19 dining restrictions to boost business
Business picked up over Christmas and New Year in Hong Kong, raising hopes that activity will soon reach pre-pandemic levels, says operator of Japanese restaurants and retailers In Beijing, ...
Banking on virtual success
Leading companies in the financial, tech and telecom sectors have expressed interest in developing a virtual bank business, with the aim of exploring greater opportunities in the digital era.
Hong Kong’s economy could face ‘some difficulties’ in first quarter, but recovery in sight for city, finance chief says
Economy performing much better now compared with November, Financial Secretary Paul Chan says 'I think as we enter the second quarter, the strength of recovery should be much more obvious,' Chan says ...
Year of the Rabbit 2023: demand for crisp bills and fancy lai-see envelopes grows in Hong Kong as in-person celebrations return
All three note-issuing banks - HSBC, Standard Chartered and Bank of China - report stronger demand for new banknotes this year Demand for luxury lai-see envelopes is also higher during the first lunar ...