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Category: FINANCE

Posted on 05/07/2023

Hong Kong cannot just be ‘China’s financial centre’, it must be counted among top global hubs, HKMA’s Eddie Yue says

Hong Kong will continue to develop as a global finance hub and will not just be viewed as China’s offshore financial centre, HKMA CEO Eddie Yue tells Official Monetary and Financial Institutions Forum ...

Posted on 05/07/2023

Chinese AI Startup Fourth Paradigm Receives China’s Nod for Hong Kong IPO

HONG KONG (Reuters) - Beijing Fourth Paradigm Technology, an AI startup, has completed procedural work for a Hong Kong initial public offering, becoming only one of a handful of companies to get the ...

Posted on 05/07/2023

China bank shares slump in Hong Kong after Goldman downgrades

SHANGHAI (Reuters) -Chinese banking shares listed in Hong Kong tumbled on Wednesday after Goldman Sachs downgraded top lenders including Agricultural Bank of China (AgBank) in a report that raised ...

Posted on 05/07/2023

Black Sesame plans IPO

China-based autonomous driving chipmaker Black Sesame Technologies has applied for an IPO in Hong Kong.

Posted on 05/07/2023

Hong Kong stocks slide amid US-China tech war while ICBC, Chinese banks slump on Goldman downgrades

China, US and Europe are erecting more barriers to curb access to semiconductor materials and chips, with the latest spat spilling into cloud services Goldman Sachs cut ICBC, Agricultural Bank of ...

Posted on 05/07/2023

Hong Kong’s most wanted: a look at police bounties offered for some of the city’s notorious crimes

From the 'king of thieves' to a 'devil cop', high-profile cases over the decades have sparked rewards of up to HK$2 million from the force for the capture of suspects In the wake of the latest HK$1 ...

Posted on 04/07/2023

HSBC ‘open’ to stake boost in joint venture after China partner auctions stake

HSBC's is "open to opportunities to expand its businesses" in China after its local partner put a 31 per cent stake in a joint venture on the block, the bank said on Tuesday.The auction of a stake in ...

Posted on 04/07/2023

Bank of China pips HSBC in arranging Hong Kong bond deals as IPO bankers stare at Sars-era collapse

Local currency bond offerings jumped 38 per cent in the first half as Bank of China pipped HSBC for the first time since 2015 IPO bankers struggled at the same time as new stock offerings slumped to a ...

Posted on 04/07/2023

Why Top Financial Group Stock Dived Suddenly Today

One trading day after its price zoomed 20% higher, Top Financial Group ( TOP -14.16%) stock abruptly reversed course. On Monday's abbreviated session, it closed more than 14% lower. The lurch was due ...

Posted on 04/07/2023

Hong Kong bounty on Australian lawyer, Hanson’s voice tactic, Israel targets West Bank

Hong Kong issues arrest warrants for eight exiles, including two people living in Australia, and borrowers face tense wait before latest Reserve Bank decision ...

Posted on 04/07/2023

Australia news live: Penny Wong ‘deeply disappointed’ by Hong Kong arrest warrants; borrowers await rates decision

Foreign minister says Australia ‘deeply concerned’ by the erosion of rights and freedoms in Hong Kong; Reserve Bank verdict could spell more pain for homeowners. Follow the day’s news live ...

Posted on 04/07/2023

Hong Kong offers $1m bounty for UK-based democracy activist

Hong Kong police have offered a HK$1 million (£100,761) bounty for the UK-based pro-democracy activist Nathan Law, who fled to the UK to escape a draconian national security law. The same bounty has ...

Posted on 04/07/2023

Bank of China appoints receivers to Hong-Kong owned, NZ-based Dairy Nutraceuticals

The Bank of China has appointed receivers to Hong Kong-owned, New Zealand-based Dairy Nutraceuticals.Grant Thornton’s Russell Moore and Stephanie ...

Posted on 04/07/2023

Hong Kong scams using AI? Police issue warning as fake clip of bank CEO tricks victim, man flags blackmail attempt with doctored sex video

A Japanese man reported losing HK$1,700 (US$217) worth of computer game credits in May after being fooled by a fake video interview apparently with the chief executive of a bank in Hong Kong.

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