Hong Kong police have arrested six people over the use of deepfake technology to take out loans in other people’s names. Addressing reporters on Friday, superintendent Dicken Ko said that, with the ...
Hong Kong stocks drop, trimming weekly gain on mixed corporate earnings, Fed rate policy outlook
NetEase and Meituan weaken as investors choose to focus on the downside risks in their latest report cards Fed retains its hawkish stance on rate policy while traders await Chair Jerome Powell's ...
HSBC Buys Back Over 4.57M Shrs for $283M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.5718 million shares in the UK and Hong Kong markets yesterday (14th), involving a total of HK$283 million.Of the... HSBC HOLDINGS ...
Hong Kong police arrest 6 in crackdown on fraud syndicate using AI deepfake technology to apply for loans
Force says case marks first known instance of scammers with stolen ID cards employing deepfake to fleece financial agencies.
Bank of Communications, China Merchants Bank report increasing bad loans amid property crisis
The situation of controlling the risks from the property sector remains serious,’ a Bank of Communications spokesperson says.
Hong Kong Stocks End Week With Steep Loss
Hong Kong shares sank Friday with the rest of Asia as traders await a keep speech later in the day by Federal Reserve boss Jerome Powell, while US jobs data dented hopes the central bank will hold off ...
Hong Kong police arrest 458 people in 17-day crackdown on money laundering syndicates handling HK$470 million in crime proceeds
Hong Kong police have arrested more than 450 people during a 17-day crackdown on crime syndicates behind the laundering of HK$470 million (US$59.9 million) in suspected illegal proceeds. The operation ...
Dowsure Signs multi-million-dollar Asset-Backed Loan with HSBC
SHENZHEN, China, Aug. 25, 2023 /PRNewswire/ -- Dowsure as a pioneer of digital API platforms for cross-border e-commerce, today announced that it has received a multi-million-dollar Asset-Backed Loan ...
Bank of East Asia, China Construction Bank earnings marred by rise in bad loans to mainland’s distressed property sector
Bank of East Asia's non-performing loans in China rose by 0.4 percentage points to 3.15 per cent of its total lending in the first half China Construction Bank's bad loans to China's real estate ...
Hong Kong stocks drop, trimming weekly gain on mixed bag of corporate earnings, Fed rate policy outlook
Hong Kong stocks snapped a three-day rebound as earnings results from some industry bellwethers heightened concerns about their business outlook, while the US central bank retained a hawkish stance on ...
Hong Kong Shares Due For Profit Taking On Friday
The Hong Kong stock market has moved higher in three straight trading days, collecting almost 600 points or 3.3 percent along the ...
HSBC expands venture debt offering to early-stage startups in US
HSBC said on Thursday it has expanded venture debt offering to early-stage startups through its U.S. innovation banking division.London-based HSBC has been catering to late-stage and mature firms ...
China central bank boosts offshore bill sales to stabilise yuan, says ex-official
Increased yuan bill sales by China's central bank in Hong Kong this week helped tighten liquidity in the offshore market to help stabilise the yuan by making it expensive for speculators to short the ...
Can Hong Kong bounce bank as a relocation destination?
With its COVID restrictions now a thing of the past, and a new wave of ambitious expats arriving to advance their careers and experience the city, can Hong Kong regain its footing as the vibrant expat ...