The CSOP Saudi ETF offers investors a passive tracking of Saudi Arabia's US$1 trillion economy and the world's biggest oil company Aramco Investors can trade the Saudi ETF locally in Hong Kong dollar ...
OCBC Hong Kong CEO Ivy Au-Yeung to retire; Wang Ke named as successor
AFTER two years at the helm of OCBC’s Hong Kong entity as chief executive officer, Ivy Au-Yeung will be retiring on Dec 31, 2023. Read more at The Business Times.
High-level conference in HK highlights challenges to central banks
Guests attend the panel discussion of a high-level conference co-organized by the Hong Kong Monetary Authority and the Bank for International Settlements in Hong Kong, Nov 28, 2023. [Photo/Xinhua] ...
Asia’s first ETF tracking Saudi equities debuts in Hong Kong
A new exchange-traded fund (ETF) tracking Saudi equities made its trading debut in Hong Kong on Wednesday, becoming the first product of its kind in Asia amid warming bilateral relations between China ...
High-level conference in Hong Kong highlights challenges to central banks
A high-level conference co-organized by the Hong Kong Monetary Authority HKMA and the Bank for International Settlements BIS was concluded Tuesday ...
HSBC facing a ‘hit’ of over £6.3 bn as a result of unsecured commercial property loans into China: Report
HSBC is facing a "hit" of more than £6.3 billion as a result of unsecured commercial property loans into China, a UK-based tax consultant has warned, a media report said.
This Central Bank Chief Predicts Native Digital Tokens Will ‘Leave The Scene’
During a panel at the Hong Kong Monetary Authority-Bank for International Settlements event, Singapore's central bank leader Ravi Menon, forecasted a decline in private cryptocurrencies that don't ...
HSBC facing a ‘hit’ of over £6.3 bn as a result of unsecured commercial property loans into China
London, Nov 28 (IANS): HSBC is facing a "hit" of more than £6.3 billion as a result of unsecured commercial property loans into China, a UK-based tax consultant has warned, a media report said.
HSBC, Hang Seng Join China’s Digital Yuan Pilot
The international banking giants HSBC and Hang Seng Bank have joined China’s digital yuan pilot. 21st Century Business Herald reported that a group of “four foreign banks” have “officially announced ...
Hong Kong financial institutions bullish on tech
However, Hong Kong has the highest proportion of financial institutions, Finastra notes, that have not been constrained at all (30%) behind Saudi Arabia (34%). Of those whose organizations have been ...
China will focus on ‘high-quality, sustainable growth,’ central bank chief says
China’s central bank governor says the world’s second largest economy is continuing to recover, and is on track to meet its 5% expansion target this year.
Executives at international firms Deloitte, KPMG advised to use burner phones for Hong Kong visits – report
The news comes amid Hong Kong’s effort to reassert itself as a global financial centre that leverages its One Country, Two Systems framework, just weeks after the city’s de facto central bank, the ...
Former PBOC Governor Confirms China Is ‘On Track’ For Completion Of Central Bank Digital Currency
China’s central bank digital currency (CBDC) development is in its final stages, according to the former governor of the People’s Bank of China (PBOC), indicating a significant stride towards the ...
HSBC hires senior private banking executive from UBS to serve wealthy Indians
HSBC Holdings Plc has reportedly hired a senior private banking executive from UBS Group AG where he ran a team serving wealthy Indians who live overseas. Gautam Anand was appointed Global Coordinator ...