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Category: FINANCE

Posted on 22/11/2023

Hong Kong needs art financing ecosystem to complement efforts in luring global family offices to city, industry players say

Art collections and financing are major priorities for family offices because the richest clans want to develop and protect their legacy, Manulife's Damien Green says Green's StudioKT to open in Kwun ...

Posted on 22/11/2023

Exclusive-China to Name Finance Veteran Zhu as New Forex Chief, Sources Say

BEIJING/HONG KONG (Reuters) - China is set to appoint Zhu Hexin, a veteran banker and chief of state-run financial conglomerate CITIC Group, as the new head of its foreign exchange regulator, four ...

Posted on 22/11/2023

Hong Kong investment bankers have lots of free time and anxiety as deals slump, lay-offs intensify

The big China deals that lined rainmakers’ pockets for decades have evaporated. Banks and law firms alike are cutting jobs. Those that remain are chasing smaller deals and taking extended vacations.

Posted on 22/11/2023

Hong Kong stock exchange operator HKEX launches digital IPO platform FINI as listings drop to two-decade low

Bourse operator HKEX launched a new digital platform for IPOs, which is expected to speed up settlements and reduce investor risks.

Posted on 22/11/2023

Hong Kong stocks give up earlier gains to close lower as mainland Chinese traders’ sell-off of local shares dampens sentiment

Stocks rally after China’s central bank set the yuan reference rate above expectations, lifting the currency to a four-month high. Gains are also supported by earnings outlook before Baidu and ...

Posted on 21/11/2023

Art Basel Hong Kong paints rosier picture as 242 galleries sign up for 2024 fair after downscaling for 2 years amid Covid pandemic

Organisers behind city's mega art fair say event will be held at Hong Kong Convention and Exhibition Centre from March 28 to 30 'Our goal is to connect guests from all around the world in our home, ...

Posted on 21/11/2023

Art Basel Hong Kong paints rosier picture as 242 galleries sign up for 2024 fair after downscaling amid Covid pandemic

Organisers behind city's mega art fair say event will be held at Hong Kong Convention and Exhibition Centre from March 28 to 30 'Our goal is to connect guests from all around the world in our home, ...

Posted on 21/11/2023

More positive steps needed to improve Hong Kong-US ties, sanctions have affected efforts to promote city, John Lee says

City leader Lee on Tuesday also said he despised the "unreasonable" sanctions on him, but stressed that Hong Kong would play an active role in fulfilling the agreements struck between Chinese ...

Posted on 21/11/2023

Bank of China HK disables screen capture, recording on Android apps

This was due to a rise of malware scams. Bank of China Hong Kong (BOCHK) is disabling screen capture and recording functions on Android devices for its personal and corporate mobile banking amidst ...

Posted on 21/11/2023

Hong Kong’s GEM board needs more radical reform as proposed changes fail to address IPO drought, industry players say

High fundraising costs, a lengthy vetting process and uncertainties about approvals have turned smaller firms away from Hong Kong's moribund secondary board Bankers and brokers call for more radical ...

Posted on 21/11/2023

IPO pipeline welcomes some profitable companies, raising hopes for a rebound

The U.S. initial public offering calendar is empty this holiday-shortened week, but some recent additions to the pipeline suggest December could be livelier and welcome deals from some profitable, ...

Posted on 21/11/2023

New twist to Hong Kong dog meat sales scam as police find buyers of other products cheated, including man duped out for HK$415,000 over HK$25 instant noodles

Police say scammers deceived customers buying other products by urging them to download Android app for placing orders which allowed them to control users' phones Man responded to instant noodle ...

Posted on 20/11/2023

Disneyland’s $60B expansion means parks in Hong Kong and Shanghai are only getting bigger

Hong Kong Disneyland has opened its first Frozen-themed attraction, with thousands of eager visitors turning up to experience the new rides. Based on Disney’s wildly popular Frozen animation film, it ...

Posted on 20/11/2023

Latest Hang Seng Index Forecast Amid Multiple Tailwinds

Hang Seng Index is gaining strength after a sharp decline last week. The index gained 323 points on Monday while also attempting a breakout ...

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