Category: FINANCE

Hong Kong police have arrested eight people on suspicion of laundering more than HK$10 million (US$1.27 million) in crime proceeds from 30 fraud cases last year and producing fake banknotes. Police ... ( read original story ...)

HSBC is shunning prospective Russian clients and declining credit to some existing ones, two sources with knowledge of the matter told Reuters, as the bank seeks to shield itself from Western ... ( read original story ...)

Italian luxury yacht maker Ferretti Group has priced its shares at HK$22.88 each, the lower end of its proposed range, to raise HK$1.9 billion ($242.75 million) in its Hong Kong initial public ... ( read original story ...)

Ferretti SpA, the Italian luxury yacht builder whose backers include the Ferrari family, is telling prospective investors it plans to price its Hong Kong initial public offering near the bottom of a ... ( read original story ...)

PAG has filed for an initial public offering that could value the Asia-focused private equity firm at about $20 billion, people with knowledge of the matter said. ( read original story ...)

Fifteen malls under Sun Hung Kai Properties will offer more than HK$8 million in perks to recipients of government-issued electronic vouchers in April. ( read original story ...)

Hong Kong’s pandemic-induced “isolated status” has pushed half of European businesses in the financial hub to consider packing up their bags, according to ... ( read original story ...)

HONG KONG - Hong Kong maintained the third place globally in the latest Global Financial Centers Index published by British think tank Z/Yen Group and China Development Institute in Shenzhen on ... ( read original story ...)

Meanwhile, nearly half of the European companies in Hong Kong plan to fully or partially relocate operations and staff out of the city amid the travel and quarantine restrictions, a new survey ... ( read original story ...)

The Hong Kong Special Administrative Region has maintained its position as the world's third-most competitive financial center while Shanghai is closing the gap, ranking fourth, according to the ... ( read original story ...)

The fall-out from the Russian invasion of Ukraine has made its way to the US District Court in New York where Singapore-based lessor BOC Aviation has laid a complaint against Russia’s AirBridgeCargo ... ( read original story ...)

HSBC defended itself against claims by US lawmakers it froze accounts of activists in Hong Kong, saying it must comply with local laws in all jurisdictions and that it respects human rights in the ... ( read original story ...)

Of The Hong Kong Banking Sector. Legal News and Analysis - Hong Kong - Banking & Finance, Regulatory & Compliance - ... ( read original story ...)

Hong Kong’s IPO market is having its slowest first quarter since the global financial crisis, as a mix of volatility, international relations and local regulatory uncertainty undermines confidence in ... ( read original story ...)