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Category: FINANCE

Posted on 03/04/2023

Hotpot Ingredient Supermarket Considers $500 Million HK IPO, Sources Say

Guoquan Supply Chain (Shanghai) Co., a hotpot and barbecue ingredient supermarket chain, is considering a Hong Kong initial public offering that could raise $300 million to $500 million, according to ...

Posted on 03/04/2023

Chinese Mainlanders Rush to Open Hong Kong Banking Accounts After SAR Reopened Its Borders

About 60 percent of Chinese mainlanders traveling to Hong Kong soon after its reopening on Feb. 6 said their visits were for personal financial reasons, according to a recent survey. Reservations from ...

Posted on 03/04/2023

Hong Kong police hunt for 6 fraudsters who conned man, 54, out of HK$540,000 in online romance scam

One of the swindlers claimed to be a female cryptocurrency expert, struck up a relationship with victim on social media and convinced him to invest Man transferred money into five designated bank ...

Posted on 03/04/2023

With Hong Kong budget in the red, Regina Ip is not wrong to question costly Lantau Tomorrow Vision

Ip wants priority for the cheaper Northern Metropolis project, which will provide homes for five times as many people and a more natural fit given the Greater Bay Area Given Hong Kong's budget ...

Posted on 03/04/2023

HSBC’s Top Executives Face HK Shareholders Amid Spinoff Pressure

HSBC Holdings Plc’s senior executives are set to face its Hong Kong shareholders — from retirees to taxi drivers — as the lender seeks to fend off a push in Asia to split the bank.

Posted on 03/04/2023

Top graduates in Singapore, Malaysia eyeing Hong Kong career path: Paul Chan

Financial secretary reveals observation in blog post, notes most are interested in regional cooperation for a stab at growing economic pie.

Posted on 02/04/2023

Hong Kong is charting its own web3 path despite China’s anti-crypto stance

While these developments are encouraging signs to some, others question whether the semi-autonomous region has the right conditions for building all forms of web3 organizations and businesses to ...

Posted on 02/04/2023

Many top university graduates in Singapore, Malaysia eyeing career path in Hong Kong, finance chief Paul Chan says after Southeast Asia visit

Financial secretary reveals observation in blog post, notes most are interested in regional cooperation for a stab at growing economic pie He says students interested in city's recently launched ...

Posted on 02/04/2023

Hong Kong property: Wheelock sells 75 per cent of flats in first batch of Koko Mare project in Lam Tin

Homebuyers snapped up 103 of 138 flats at Wheelock Properties' Koko Mare in Lam Tin within three hours on Saturday Property demand has surged in Hong Kong amid hopes that the city has reached the peak ...

Posted on 02/04/2023

Hong Kong Inherits Firm Lead For Friday’s Trade

The Hong Kong stock market has climbed higher in three straight sessions, spiking more than 740 points or 3.8 percent along the way.

Posted on 02/04/2023

US crackdown will push crypto’s ‘center of gravity’ to Hong Kong: Kaiko CEO

Kaiko CEO Ambre Soubiran said that Hong Kong’s friendly approach may just see the city become the “center of gravity” for crypto trading and investments. The U.S. government's frosty approach to ...

Posted on 01/04/2023

Cryptocurrency firms struggle to find banking partners after US bank collapses- Where to next? Singapore? Switzerland? Hong Kong?

Sources suggest that some cryptocurrency companies have turned to Cross River Bank as their preferred banking partner to address this issue ...

Posted on 01/04/2023

Hong Kong drops to 7th spot on global IPO venue ranking as fundraising plunges 52 per cent in first quarter: Refinitiv

"The high inflation and interest rate rises in the US and Europe, as well as the recent banking crisis all led to a quiet IPO market in Hong Kong and other markets." Shenzhen's ChiNext was the top ...

Posted on 01/04/2023

Explainer: Why Hong Kong is constitutionally obliged to balance the books

Terence Chong, executive director of the Chinese University of Hong Kong’s Lau Chor Tak Institute of Global Economics and Finance, told HKFP that the constitutional restriction was decided during ...

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