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Category: FINANCE

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 ...

Posted on 19/05/2023

Hong Kong Baptist University begins ChatGPT trial for teaching staff, but professors wary over lack of guidelines for AI use

Access to be granted without need for VPN under agreement with Microsoft, which backs company behind powerful tool Lack of official parameters worries some educators, while others voice excitement ...

Posted on 19/05/2023

Bank of East Asia to open select HK branches seven days a week

Cash transactions will not be available during the weekends. The Bank of East Asia (BEA) extended its business hours for three branches in Hong Kong. The branches of Causeway Bay, Tsim Sha Tsui, and ...

Posted on 19/05/2023

Ripple joins Hong Kong CBDC pilot, partners with Fubon Bank

Ripple Labs has launched a new payment platform for a central bank digital currency (CBDC) in Hong Kong. The San Francisco-based payment protocol and exchange network will partner with Fubon Bank, a ...

Posted on 19/05/2023

R|T: The Retail Times – Alibaba logistics arm eyes up to $2 billion Hong Kong IPO

Alibaba's logistics arm aims to raise up to $2 billion via a listing in Hong Kong likely early next year, sources with knowledge of the matter said, bolstering hopes for a capital markets revival in ...

Posted on 19/05/2023

Hong Kong launches digital currency pilot: 16 firms join the program

Hong Kong, a global financial hub, has taken a major step towards embracing digital currencies as it launches a digital currency pilot.

Posted on 19/05/2023

FTSE 100 Live: Pound hits four-week low, Hong Kong stocks slide

Simon Hunt. Stocks fell in Hong Kong this morning after Alibaba’s fourth-quarter sales miss added to fears of a slowdown in ...

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