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Category: FINANCE

Posted on 23/05/2023

Hong Kong police warn public against falling victim to fake anti-scam app

Hong Kong police have warned the public to stay alert to a fake mobile app disguised as the force’s anti-scam Scameter+ app. The bogus app had been attempting to lure victims into depositing money ...

Posted on 23/05/2023

All’s fare on Hong Kong buses and trains? Lawmakers, economists urge city to review public cost of HK$2 transport subsidy for elderly

"Hong Kong should take this chance to reform the system by subsidising ... However, Dr Thomas Yuen Wai-kee, an assistant professor at Shue Yan University's department of economics and finance, brushed ...

Posted on 22/05/2023

Banking battle: HSBC is not going anywhere

HSBC Australia is posting record returns and is pushing ahead with its expansion, despite speculation the European giant might be considering options for the local arm after culling non-core ...

Posted on 22/05/2023

Interest rates in HK to remain high: HSBC

HSBC economists said on Monday that interest rates in the SAR will remain high, but the mainland's economic recovery gives reason to be optimistic.

Posted on 22/05/2023

Hong Kong company director latest victim in string of cryptocurrency scams, cheated out of more than HK$16 million

"Between April 19 and May 13, he was lured into transferring HK$16.23 million into 16 designated bank accounts in 39 transactions," a source familiar with the case said. The director realised he had ...

Posted on 22/05/2023

Hong Kong stocks climb from 2-month low as Beijing’s ban on Micron Technology propels rally in Chinese chip makers

Hong Kong stocks climbed from a two-month low on Monday morning as Beijing’s ban on Micron Technology over security concerns propelled a rally in Chinese chip makers.

Posted on 21/05/2023

Hong Kong’s top judge Andrew Cheung leaves for 4-day Beijing trip, expected to meet new head of country’s highest court

Hong Kong’s chief justice set to meet recently appointed head of Supreme People’s Court Zhang Jun, discuss increasing use of technology with Beijing judges.

Posted on 21/05/2023

Companies in Hong Kong wrestling with 20 per cent turnover rate, struggling to recruit mid-level staff, leading business group says

CEO of Hong Kong General Chamber of Commerce warns increasing salaries not cure-all for talent shortage, could result in non-profits losing out to commercial entities Government must offer more ...

Posted on 21/05/2023

Hong Kong’s John Lee ‘to lead high-level delegation’ to Singapore, Malaysia and Indonesia in July to forge closer ties with Asean members

City leader will be flanked by top officials and representatives from finance, technology and professional services on one-week trip, sources say Ties with Association of Southeast Asian Nations ...

Posted on 20/05/2023

Greater Bay Area economy is almost as big as Italy’s, boosting Hong Kong’s growth, says Financial Secretary Paul Chan

The combined GDP of the 11 cities in the Greater Bay Area was close to US$2 trillion in 2022, up 25 per cent from US$1.65 trillion in 2019, Hong Kong’s finance chief says.

Posted on 20/05/2023

Hong Kong’s Jimmy Lai Rules

The imprisoned publisher wins the Milton Friedman Prize, while being denied the lawyer of his choice.

Posted on 20/05/2023

Hong Kong enlists HSBC, Visa, and more to test digital currency

Hong Kong has taken a step towards digital currency innovation with the launch of a pilot program to test an electronic version of the Hong Kong dollar, the e-HKD. The city has enlisted 16 firms, ...

Posted on 19/05/2023

Hong Kong-Based Hashkey’s Billion-Dollar Dream: The Next Big Bang In Crypto

As part of its attempt to reinstate its reputation as a forward-thinking financial hub, the government of Hong Kong is encouraging the growth of the digital asset sector. Hong Kong's move to allow ...

Posted on 19/05/2023

Hong Kong exchange to roll out new dual counter model in June

The Hong Kong Stock Exchange said on Friday it would launch the new dual counter trading model on June 19, wherein investors would be able to begin interchanging securities listed in both Hong Kong ...

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