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Category: FINANCE

Posted on 24/11/2023

Hong Kong’s Cathay Pacific expects first annual profit in 4 years, passenger numbers to reach 95% of pre-pandemic levels

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Posted on 24/11/2023

HK dog meat deception: App-savvy con artists swipe 6.2 million baht

Cyber criminals in Hong Kong have made faux dog meat sales, designed to hook unsuspecting victims into downloading a treacherous mobile app.

Posted on 24/11/2023

Hong Kong Exchange Fund reaps financial rewards

Strong bond market drives rebound by war chest that helps defend Hong Kong dollar and hopes are high it will continue The Hong Kong Exchange Fund is for long-term investment. Recent short-term market ...

Posted on 24/11/2023

Hong Kong stocks rise to 1-week high on more policy bets after Shenzhen cuts down payment for second-home buyers

Hong Kong stocks close at one-week high as Chinese property stocks rally after Shenzhen cuts down payment for second-home buyers.

Posted on 23/11/2023

Hong Kong pupils to start learning about city’s national security law from age of 8 or 9

Hong Kong schoolchildren will start learning about the national security law from the age of eight or nine, the Education Bureau has announced as it unveiled a new humanities curriculum to be tested ...

Posted on 23/11/2023

Chinese shadow bank says it has ‘huge’ debt and can’t pay its bills

A major wealth management company in China has told investors it can’t pay all its bills, reigniting fears that the country’s long-running real estate slump may be spilling over into the $3 trillion ...

Posted on 23/11/2023

Futu Announces Third Quarter 2023 Unaudited Financial Results

Net income increased by 44.6% to HK$1,091.2 million (US$139.3 million) from HK$754.6 million in the third quarter of 2022. Net income margin for the third quarter of 2023 expanded to 41.2% from 38.8% ...

Posted on 23/11/2023

Hong Kong bridge half marathon chiefs blame location for food, toilet, bus issues and apologise for finish-tape blunder

No food, not enough drinks, long queues and scarce toilets among the complaints from runners after officials' initial claim of 'perfect execution' HKAAA offers 'sincere apologies' for finish line ...

Posted on 23/11/2023

Hong Kong’s ZA Bank to roll out US stock trading services

The Hong Kong SFC has lifted previous conditions to the bank's securities license. Hong Kong’s ZA Bank has announced plans to roll out stock trading services in the US. This follows after the Hong ...

Posted on 23/11/2023

Hong Kong stocks fall to 1-week low on Fed rate concerns amid higher US inflation outlook

Most stocks weaken in early trading as the Hang Seng Index hits a one-week low. Concerns about inflation in the US keep investors at bay.

Posted on 23/11/2023

San Diego woman accused of stealing $8.5 million from Chinese boss in bank scheme

Ping Gao, who recently lost a $31.5 million civil judgement in trial over the same conduct, allegedly bought a $2.9 million Point Loma home with the stolen funds ...

Posted on 23/11/2023

Nvidia Weighs On Asia Tech Stocks As Hong Kong Internet Rebounds

Asian markets were mixed on light volumes as Nvidia’s earnings results and the company's mention of US government restrictions on chip exports weighed on tech stocks.

Posted on 23/11/2023

Mastercard says wide adoption of central bank digital currencies would be ‘difficult’ right now

The difficult part of CBDCs is adoption, Ashok Venkateswaran, Mastercard's blockchain and digital assets lead for Asia-Pacific, told CNBC.

Posted on 22/11/2023

Fitch Ratings affirms Bank of China (Hong Kong) at “A” (LT Int. Scale (foreign curr.) credit rating); outlook stable

Fitch Ratings affirmed the 'A' LT Int. Scale (foreign curr.) credit rating of Bank of China (Hong Kong) on November 21, 2023.

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