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Category: FINANCE

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.

Posted on 03/07/2023

Hong Kong offers $1m bounty for eight pro-democracy activists who fled into exile

Police offer HK$1m (£100,761) for each individual on list that includes former MPs, saying they are wanted under draconian national security laws ...

Posted on 03/07/2023

Hong Kong Retail Sales Climb Further as Economy Bounces Back

Hong Kong’s retail sales rose in May for a sixth straight month as the Asian financial hub’s post-pandemic recovery continues.

Posted on 03/07/2023

Hong Kong Leads Asian Market Rally, EV Stocks Surge

Asian equities largely gained on Monday with Chinese electric-vehicle manufacturers among the strongest performers after record monthly deliveries. Hong Kong’s market led the region despite data ...

Posted on 03/07/2023

China’s IPO Activity Seen Fading as Economic Woes Drag on Demand

Mainland China remained the world’s busiest spot for initial public offerings during the first half of the year, but slowing economic growth is expected to increasingly drag on domestic activity.Most ...

Posted on 03/07/2023

Hong Kong Bourse May Stop The Bleeding On Monday

The Hong Kong stock market has finished lower in consecutive trading days, skidding more than 260 points or 1.3 percent along the ...

Posted on 03/07/2023

BOC Aviation delivers first of two A320neos to Viva Aerobus

BOC Limited announced that it has delivered the first of two new Airbus A320NEO aircraft for lease to Aeroenlaces Nacionales, S.A. de C.V. trading as Viva Aerobus ...

Posted on 03/07/2023

HSBC blocking of Hong Konger pensions matter of ‘deep concern’, say US, UK lawmakers

Two influential lawmakers in the United States and Britain accused HSBC on Friday of contributing to the oppression of people in Hong Kong by thwarting their attempts to access pension funds in order ...

Posted on 02/07/2023

HSBC accused of persecuting dissident Hong Kongers who flee territory

HSBC has been accused by UK and US politicians of persecuting dissident Hong Kongers who leave the country over pension rights. Alicia Kearns, a Conservative MP and chairman of the foreign affairs ...

Posted on 02/07/2023

US, UK politicians slam HSBC for ‘rejecting early MPF withdrawal requests’ of Hong Kong BN(O) passport holders

Mike Gallagher and Alicia Kearns express ‘deep concerns’ over bank’s alleged decision to reject early withdrawal requests.

Posted on 02/07/2023

Hong Kong’s GDP surpasses HK$2.8 trillion; average growth rate above developed economies: finance secretary

As Hong Kong marks the 26th anniversary of its return to the motherland on July 1, 2023, the GDP of the city has surpassed HK$2.8 trillion ($357.3 billion), doubling from 26 years ago, Finance ...

Posted on 02/07/2023

Hong Kong’s John Lee warns against global ranking slide, urges city to regain competitiveness and reveals plans to help elderly poor

Chief Executive John Lee says city ‘on the right track’ to win against other cities, must widen scope of poverty alleviation efforts to elderly singles and couples living alone.

Posted on 02/07/2023

Hong Kong Is ‘Embracing’ Web3 With New Task Force

The territory’s pro-crypto financial secretary, Paul Chan, says Web3 development represent a "golden opportunity." ...

Posted on 01/07/2023

Hong Kong slides into ninth place worldwide for IPOs after fundraising falls to 20-year low in first half of 2023

Hong Kong fell to ninth place in a global ranking of IPO venues, but analysts are optimistic the city can repeat last year’s performance and make a strong comeback in the second half of 2023.

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