Financial Secretary Paul Chan urges institutions such as West Kowloon Cultural District Authority to look into different options to make ends meet.
Hong Kong needs to leverage strengths as financial centre and connector
City urged to draw on its "super roles" to raise capital, as well as to connect with and support investors and help the country become a financial powerhouse As the world focuses on how the ...
Wealthy clients turn to HSBC, Manulife, Bank of China amid heightened interest in Hong Kong’s cash-for-residency scheme
Financial firms flooded with inquiries after government started accepting applications under the revamped investment migration programme Applicants need to invest at least US$3.8 million in stocks, ...
HSBC Sells ~$2B Life Insurance Policy in HK, Breaking World’s Record
HSBC Life sold a US$250 million (nearly HK$2 billion) life insurance policy in Hong Kong. The customer, a multinational billionaire from Asia, reportedly purchased the policy for the purpose of ...
HSBC Holdings PLC’s Dividend Analysis
HSBC Holdings PLC (NYSE:HSBC) recently announced a dividend of $1.55 per share, payable on 2024-04-25, with the ex-dividend date set for 2024-03-07. As investors look forward to this upcoming payment, ...
Hong Kong stocks lifted by tech sector ahead of JD.com earnings, caution prevails over lack of China stimulus
Tech stocks lead Hong Kong stock markets higher ahead of e-commerce giant JD.com’s earnings release but mood remains wary over lack of stimulus at China’s ongoing annual parliamentary meeting ...
China Vanke assures dollar bond repayment process ‘orderly’ amid liquidity worries
By Clare Jim HONG KONG (Reuters) -State-backed China Vanke said on Tuesday the funding for repaying its dollar notes due on March 11 was in place, amid more selling pressure on its bonds as concern ...
Developer China Vanke assures it can repay $630 mln dollar bond amid liquidity worries
Vanke is seeking to raise a club loan in Hong Kong, with Bank of China (Hong Kong) (2388.HK), opens new tab, the lead bank of the loan, having already obtained internal approval to commit HK$1.5 ...
Hong Kong IT professional scammed out of HK$2.7 million after investing in gold via sham platform
Victim coaxed into using sham trading platform after meeting woman claiming to be from Taiwan through language-learning app Police says he made 25 transfers worth more than HK$2.7 million to ...
HSBC One launches Hong Kong-focused collaboration with T1
Financial services company HSBC has announced a collaboration with South Korean esports organisation T1. The partnership in particular promotes HSBC One, the company’s Hong Kong-focused bank account, ...
Mox Bank Spearheads Cryptocurrency Integration in Hong Kong’s Financial Sector
In an ambitious move that marks a significant evolution in the financial landscape of Hong Kong, Mox Bank is set to introduce cryptocurrency investment services and Bitcoin Exchange-Traded Fund (ETF) ...
Cleary, JunHe and Maples Lead on Belle Fashion’s Billion-Dollar Hong Kong IPO
There are currently 77 active IPO filings with the Hong Kong Stock Exchange, 40 of which were filed in 2024. Cleary Gottlieb Steen & Hamilton, JunHe and Maples Group are advising Chinese shoes and ...
Issuing bonds to tackle Hong Kong deficit ‘legitimate’ not ‘monstrous’, ex-finance minister Henry Tang says
Former finance minister Henry Tang defends government plan to issue HK$120 billion in bonds to cover recurring expenses after successor warns against measure 'It is acceptable if it is used to ...
Developer China Vanke assures it can repay $630 million dollar bond amid liquidity worries
Struggling property developer China Vanke said on Tuesday it has funding in place to repay $630 million in dollar notes due on March 11, amid more selling pressure on its bonds as concern mounts over ...