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Category: FINANCE

Posted on 01/10/2023

Hong Kong JPEX crypto scandal is a chance for residents to ‘learn more about fintech, improve vigilance’ over unlicensed platforms

Dora Li Yuen-chow, general manager of the Investor and Financial Education Council ... from city's largest alleged financial fraud centred on crypto platform JPEX Hong Kong's growing scandal involving ...

Posted on 01/10/2023

Hong Kong stocks on edge, heading for the fourth straight weekly loss as crisis at property giant China Evergrande intensifies

Hong Kong stocks edged up on Friday, trimming this week’s losses but sentiment remained jittery as the debt crisis at developer China Evergrande deepened, triggering concerns among foreign investors ...

Posted on 30/09/2023

BOC Hong Kong Ltd. (BHKLY) Upgraded to Strong Buy: What Does It Mean for the Stock?

Investors might want to bet on BOC Hong Kong Ltd. (BHKLY), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, ...

Posted on 30/09/2023

BOC HK Partners with BOC GD Branch to Organize GBA Special Event

BOC HONG KONG (02388.HK) announced that it jointly organized the "Promoting Foreign Trade, Expanding Markets" Greater Bay Area (GBA) special event with the Guangdong bran... BOC HONG KONG (02388.HK) ...

Posted on 29/09/2023

Reynold Lemkins Shines at “American Davos” with Ambition to Support HK IPO by Long-term Investment

As a partner of the Milken Institute, The Reynold Lemkins Group (" Reynold Lemkins " or the "Group") was invited to attend the high-level summit as well as co-hosted one of the parallel forums ...

Posted on 29/09/2023

HSBC executive who criticised Britain’s stance on China leaves the bank

The comments sparked a backlash from peers and MPs and marked a further setback in already fraught relations between HSBC and the Government. Lord Alton, vice chairman of the all-party parliamentary ...

Posted on 29/09/2023

HSBC executive to leave after criticising UK’s stance on China

HSBC’s head of public affairs is stepping down, weeks after making a public apology for saying the UK government had been “weak” by curtailing its dealings with China because of pressure from the US.

Posted on 29/09/2023

HSBC executive to exit after deploring UK’s stance on China, Bloomberg reports

HSBC Holdings Plc's head of public affairs Sherard Cowper-Coles will step down after making controversial remarks about the British government's handling of its relationship with China, Bloomberg News ...

Posted on 29/09/2023

Exclusive: HSBC to acquire Citigroup China consumer wealth business

HONG KONG, Sept 28 (Reuters) - HSBC (HSBA.L) is set to acquire Citigroup's (C.N) China consumer wealth management business, which manages more than $3 billion in assets, two sources with knowledge of ...

Posted on 29/09/2023

HSBC HOLDINGS (00005.HK) Announces US$1B Funding for Climate Tech Startups

HSBC HOLDINGS (00005.HK) has announced a US$1 billion (HK$7.8 billion) funding round to support startups that are developing technologies that help reduce carbon emissions.Accordin... HSBC HOLDINGS ...

Posted on 29/09/2023

HSBC Buys back Over 4.85M Shrs for $296M Ytd

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.8514 million shares of the company at HKD296 million yesterday (20th) in the UK and HK markets.Among which, 2.67... HSBC HOLDINGS ...

Posted on 29/09/2023

Hillhouse-Backed Logistics Company Lalatech Files for Hong Kong IPO

By Jiahui Huang Lalatech, backed by private-equity firms Hillhouse Capital and Sequoia Capital, has filed an application for an initial public offering ...

Posted on 29/09/2023

Hong Kong’s Hang Sang rebounds in Asian markets, US PCE eyed

Asian equities rebound from 10-month lows amid the thin volume due to the holidays in China and South Korea. Headline Tokyo Consumer Price Index (CPI) for September eased to 2.8 YoY vs. 2.9% prior.

Posted on 29/09/2023

Hong Kong’s Mox unveils unlimited cashback rewards, new wealth platform

The virtual-only bank is also gearing up to launch a new app interface. Hong Kong virtual bank Mox is celebrating its 3rd anniversary with Unlimited CashBack rewards for Mox Credit customers. From 26 ...

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