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Category: FINANCE

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 ...

Posted on 12/11/2023

Hong Kong should aim to expand ‘circle of friends’, tout city’s economic opportunities at Apec summit, finance chief says

Financial Secretary Paul Chan says important for city to make more friends amid rising geopolitical tensions and high interest rates.

Posted on 12/11/2023

HSBC Says No More Concerns from Shareholders since May after Ping An Votes against Re-election of Mark Tucker as Director at AGM

HSBC HOLDINGS (00005.HK) said in a statement that its largest shareholder, PING AN (02318.HK), voted against the Board’s recommendations on a number of resolutions, including... HSBC HOLDINGS remarked ...

Posted on 11/11/2023

Will Hong Kong’s investment scheme woo the super-rich? Analysts say revamped strategy ‘more attractive, simpler’ than Singapore’s

Those who invest HK$30 million or more in specific assets can apply for residence after seven years Singapore scheme is more complex, involves risky investments with higher threshold and other ...

Posted on 11/11/2023

Hong Kong Property Tycoon Denies Rumors That Wife Lost $2.6 Billion With Bad Investments

Joseph Lau held a rare press conference to rebut rumors he had cut his wife out of his will after racking up heavy losses.

Posted on 11/11/2023

Hong Kong police arrest 70 in crackdown on online scams, selling bank accounts to crime syndicates for money laundering

Police say suspects, aged between 19 and 65, are holders of bank accounts linked to 66 cases, involving HK$67 million in losses Highest amount of money lost was HK$10 million in case involving 73-year ...

Posted on 11/11/2023

Hong Kong Q3 GDP expands 4.1% on-year, growth forecast revised lower

Hong Kong's economy expanded 4.1 per cent in the third quarter from a year earlier, beating growth of 1.5 per cent in the second quarter and 2.9 per cent in the first, the government said on Friday ...

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