One is in Shenzhen and the other is in Tsim Sha Tsui. Hang Seng Bank has opened two more cross-boundary wealth management centres (CBC). Located in Tsim Sha Tsui and Shenzhen, the two new CBCs are ...
Hong Kong retirees facing income shortfall of US$641 a month on average, survey shows
Post-retirement incomes of Hongkongers stand at about HK$12,000 per month on average, according to survey conducted by BOC Group Life Assurance and Golden Age Foundation Poll will hopefully 'inspire ...
Hong Kong cosmetics saleswoman arrested over alleged money laundering involving HK$900 million in crime proceeds
Suspect, 39, was allegedly core member of local money-laundering syndicate and had set up 13 bank accounts under two shell companies.
HSBC exec apologizes after calling the UK ‘weak’ for following US lead over China
A top executive at HSBC has apologized after reportedly calling the UK government “weak” for caving to US pressure over doing business with China, in another sign of the political tightrope the ...
Hong Kong’s IPO market slump hurts office leasing demand but insurance boom picks up some slack: Savills
A slowdown in public markets has hurt demand for office leasing in Hong Kong, but a turnaround in deal activity with a boost from blockbuster listings could improve the prospects for the second half ...
Hong Kong arrests 7 for money laundering HK$111M, including via crypto
The police disclosed that the money-laundering syndicate began recruiting individuals in 2022, compensating them with varying amounts of Hong Kong dollars to establish bank accounts. Those recruited ...
Hong Kong police arrest 1 suspected core syndicate member and 6 bank account holders on suspicion of laundering HK$111 million
Seven people were rounded up in connection with laundering more than HK$111 million (US$14 million) in suspected crime proceeds through 48 bank accounts in Hong Kong in a crackdown on a criminal ...
HSBC executive apologizes for calling the UK ‘weak’ over China
A top executive at HSBC has apologized after reportedly calling the UK government “weak” over its dealings with China, in another sign of the political tightrope the British bank has been made to walk ...
HSBC exec slams ‘weak’ UK for siding with US against China, drawing backlash from MPs
Coles, the bank’s head of public affairs, apologised for ‘any offence caused’ by his ‘personal comments’, made at a closed door event in London.
Credit Suisse to cut 80% of Hong Kong investment bank jobs: Report
Nearly 80% of investment banking staff of Credit Suisse in Hong Kong is likely to be laid off this week, as part of the bank's integration with UBS Group, Reuters reported ...
Hong Kong warns unlicensed crypto platforms
The Hong Kong Securities and Futures Commission (SFC) issued a warning today regarding unlicensed cryptocurrency exchanges engaging in "improper practices." The regulator highlighted that conducting ...
UBS shuffles bank bosses in bid to better compete with Wall Street
UBS on Monday announced an overhaul of its investment banking division, including naming the unit's M&A chiefs, marking a key step in integrating Credit Suisse. UBS CEO Sergio Ermotti is seizing on ...
Credit Suisse Hong Kong investing banking job cuts, targeting 80%, start this week: Sources
Around 80 per cent of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts will start from this week, two people with knowledge of the matter said, as part of the ...
VC deal value in Asia falls in second quarter but optimism grows about pick-up in IPOs in Hong Kong and China, says KPMG report
VC deal value in Asia in the second quarter was US$20.1 billion, down from US$35.1 billion in the same period last year KPMG says increased support from local governments in China and collaboration ...