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Category: FINANCE

Posted on 20/10/2023

Elderly Hong Kong man loses HK$11.4 million after WhatsApp message leads to bogus investment platform

Retiree responded to WhatsApp message from person posing as investment expert in June, police insider says Victim coaxed into transferring HK$9.13 million into local bank accounts for 'investing' and ...

Posted on 20/10/2023

HSBC Analyst Recommends ‘Buy’ Rating for Techtronic Industries: Anticipated Profit Margin Recovery and Growth Potential

HSBC analyst Helen Fang maintained a Buy rating on Techtronic Industries (TTNDF – Research Report) yesterday and set a price target of ...

Posted on 20/10/2023

HK at the forefront of central bank digital currencies

The Hong Kong Monetary Authority (HKMA), along with the Bank of Israel (BOI) and the Bank for International Settlements (BIS) Innovation Hub Hong Kong Centre, announced the publication of a joint ...

Posted on 20/10/2023

Hong Kong policy address 2023: property market may roar again if stamp duty eases, but will first-time buyers and some locals be squeezed out?

City leader John Lee is set to unveil plans to revive sluggish property market in policy address, which experts say can spur economy and lure foreign talent But they warn local first-time buyers may ...

Posted on 20/10/2023

3 arrested over falsifying HK$193 million in deals for 2 Hong Kong listed companies following joint probe involving anti-corruption agency

Suspects, including executive director, arrested for allegedly using false documents to overstate revenue, assets.

Posted on 20/10/2023

Hong Kong Stocks Tumble Over Ugly Chinese Housing Data; EV Makers Plunge After Tesla’s Earnings Disappointment

Shares in Hong Kong and China dropped Thursday on a slew of bad economic data from the housing and financial sector. The Hang Seng Index fell 2.5% to 17,295.89 points and China’s CSI 300 index ended ...

Posted on 19/10/2023

3 arrested over falsifying HK$193 million in deals for 2 Hong Kong listed companies following probe involving anti-corruption agency

Suspects, including executive director, arrested for allegedly using false documents to overstate revenue, assets Authorities detect suspected false transactions during operations against alleged ramp ...

Posted on 19/10/2023

China’s NDRC and Hong Kong Monetary Authority Strengthen Bonds

A new chapter in international finance is being written as China’s top economic planner, the National Development and Reform Commission (NDRC), signs a Memorandum of Understanding (MoU) with the Hong ...

Posted on 19/10/2023

Hong Kong stocks slammed by Country Garden debt fallout, US tech curbs on China and Israel-Gaza war

Hong Kong stocks extended losses as China’s property crisis deepened amid concerns about an imminent debt default by Country Garden Holdings. Tightened US tech curbs on Chinese companies and an ...

Posted on 19/10/2023

UBS, ICBC and Bank of China join banks ensnared in Singapore’s US$2 bil scandal

More than 10 banks have been ensnared for their ties with the alleged money launderers, or their businesses in Singapore.

Posted on 19/10/2023

Hong Kong’s Paul Chan to join Dimon, Dalio, mainland Chinese tycoons for major global investment conference in Saudi Arabia

Institute takes place in Riyadh from October 24 to 26 Some 30 mainland Chinese entrepreneurs and senior executives, including Foxconn CEO Liu Young-way, will attend More than 6,000 investors, ...

Posted on 19/10/2023

Hong Kong Bourse May Extend Wednesday’s Losses

(RTTNews) - The Hong Kong stock market turned lower again on Wednesday, one day after snapping the two-day losing streak in which it had tumbled almost 800 points or 4 percent. The Hang Seng Index now ...

Posted on 19/10/2023

SMIC, Alibaba lead tech slide in Hong Kong as market braces for new US curbs while the Israel-Hamas war saps risk appetite

Stocks retreated as investors braced for new US curbs on technology exports to China. China’s economy probably slowed last quarter, according to forecasts before an official report this week.

Posted on 19/10/2023

Hong Kong Witnesses A Negative Paradigm Shift On Crypto Following JPEX Saga, Survey Reveals

Also, the response from the survey revealed the soured sentiment that the Hong Kong public now has toward the crypto industry. The university (HKUST) noted that the recent survey came after the ...

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