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Category: FINANCE

Posted on 14/11/2023

Hong Kong stocks drop as new signs of China recovery weakness challenge fund managers’ view that sell-off overdone

Some fund managers are keeping their bullish view on cheap Chinese stocks after months of sell-off, while reports showed weak economic recovery with the latest credit data falling short of market ...

Posted on 14/11/2023

Hong Kong lending market rebounds, but bad loans also rise: study

Hong Kong’s lending market is witnessing a recovery in loan demand, but face risks from rising bad loans, according to a study by credit referencing agency TransUnion. The study, which polled hundreds ...

Posted on 14/11/2023

Hong Kong stocks waver as new signs of China recovery weakness challenge fund managers’ view that sell-off overdone

Fund managers turn bullish towards cheap Chinese stocks after months of sell-off Concerns over China's economic recovery linger as credit data falls short of expectations Hong Kong stocks wavered as ...

Posted on 14/11/2023

Hong Kong stocks climb as fund managers deem sell-off overdone and investors expect cooled off US inflation data

Fund managers turn bullish towards cheap Chinese stocks after months of sell-off, as US Consumer Price Index data due today is expected to show inflation cooled, prompting bets that interest rates ...

Posted on 14/11/2023

The drive of CARS to support city’s net-zero transition highlights the shared goal of Wofoo Social Enterprises and The Hongkong Bank Foundation

Since its launch in 2020, the Climate Action Recognition Scheme (CARS) has effectively tapped into the creativity of socially aware young green entrepreneurs in Hong Kong.

Posted on 13/11/2023

IPO Roundup: Zeekr, Shimmick, DDC Enterprise and more

The usually bustling IPO market has experienced a quieter period in recent weeks, largely due to factors such as poor stock performances in October, high interest rates, and the anticipation of ...

Posted on 13/11/2023

Swiss banking giant UBS now lets clients trade crypto ETFs in Hong Kong

The Switzerland-based multinational investment bank UBS Group is permitting certain high-wealth traders to trade crypto exchange traded-funds (ETFs) on its platform in Hong Kong, cutting into rival ...

Posted on 13/11/2023

Hang Seng Investment Collaborates with Bualuang Securities

Hang Seng Investment Management Limited ('Hang Seng Investment') is a wholly owned subsidiary of Hang Seng Bank Limited, and is Hong Kong's No. 1 exchange-traded fund ('ETF') manager in terms of ...

Posted on 13/11/2023

Fortune-telling believer in Hong Kong bilked out of HK$4 million after ‘feng shui’ scammer coaxes her into donating to avoid bad luck

The victim received a WhatsApp message on October 19 from a scammer impersonating an assistant of a local feng shui master.

Posted on 13/11/2023

Finance chief Paul Chan hopes to expand Hong Kong’s ‘network of friends’ at APEC summit in US amid economic uncertainty

Hong Kong hopes to bring US companies to the city and broaden its “network of friends,” finance minister Paul Chan has said during an Asia-Pacific Economic Cooperation (APEC) summit in San Francisco.

Posted on 13/11/2023

HSBC To Launch ‘Premier Elite’ to Replace Jade from 11 Dec

HSBC announced the upcoming launch of HSBC Premier Elite in Hong Kong, which is designed for customers with a total wealth balance of not less than $7.8 million (or US$1 million). HSBC Premier Elite ...

Posted on 13/11/2023

Crypto regulations in Hong Kong: Fostering Innovation while Ensuring Investor Protection and Financial Stability

Check out how crypto regulations in Hong Kong enable robust regulatory framework fostering innovation, investor protection, and financial stability.

Posted on 13/11/2023

Hong Kong Portuguese banker pays back for a life of good fortune by helping put on show about his community’s history

Banker Francisco A. Da Roza, scion of a storied Macau family, tells Jason Wordie how honoured he feels to be helping curate an exhibition about the Portuguese community’s contribution to Hong Kong.

Posted on 13/11/2023

Hong Kong: Fintech Innovation Boost in GBA with New Tripartite Deal

A landmark agreement has been reached between the Hong Kong Monetary Authority (HKMA), the People’s Bank of China (PBoC), and the Monetary Authority of Macao ...

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