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Category: FINANCE

Posted on 28/03/2023

Asia markets set for mixed open as investor fears on the banking turmoil ease

Asia-Pacific markets are poised to rise on Tuesday as investor fears over the recent banking turmoil continued to show signs of easing. In Australia, the S&P/ASX 200 rose 0.54%, and Hong Kong's Hang ...

Posted on 27/03/2023

Hong Kong’s Fusion Bank launches investment services

They can use the services for a subscription fee of as low as HK$10 or US$11. Hong Kong’s Fusion Bank has launched investment services, enabling customers to buy and sell global investment funds for ...

Posted on 27/03/2023

Asia-Pacific markets trade mixed as banking sector stress lingers

Asia-Pacific markets are set to trade mixed on Monday as investors continue to assess the impact of the banking troubles in the U.S and Europe. On Friday, Deutsche Bank saw a selloff of its ...

Posted on 27/03/2023

China state-owned banks turn crypto-friendly in Hong Kong: Bloomberg

China banks in Hong Kong are offering services to crypto businesses, Bloomberg reported on Monday, as more digital asset firms operate in the city.

Posted on 27/03/2023

Chinese banks court crypto firms in Hong Kong after mainland ban

Crypto firms rushing into Hong Kong after it opened its doors are finding a surprising source of potential support: China’s state-owned banks. Read more at straitstimes.com.

Posted on 27/03/2023

Hong Kong ex-finance chief says ChatGPT bans at universities ‘uncalled for’

Hong Kong’s former financial chief has defended the use of ChatGPT in classrooms, calling some universities’ ban on the Artificial intelligence (AI) tool “uncalled for.” In a Facebook post published ...

Posted on 27/03/2023

Digital Banking: Hong Kong’s Fusion Bank Offers Business Banking, Allowing SMEs to Capture Key Opportunities

Fusion Bank, a virtual bank strategically invested by Tencent Holdings Limited, announces the launch of Business Banking Services.

Posted on 27/03/2023

HK on watch for banking trouble spillover: Eddie Yue

Hong Kong Monetary Authority chief Eddie Yue says the SAR needs to watch carefully for any further "spillover" from US regional banks, but the city ...

Posted on 27/03/2023

HSBC bows to Hong Kong shareholder pressure and tables Asia breakup vote

Britain’s largest bank HSBC has bowed to pressure from a group of shareholders in Hong Kong and will table a vote on a proposal to revamp the business, including carving out its Asia arm. First ...

Posted on 26/03/2023

Hong Kong’s former finance chief John Tsang slams universities’ ChatGPT ban, saying if they can use calculators, they can use AI

John Tsang, says AI tools should be included in curriculum and students should be taught skills that cannot be replaced by machines 'The current education situation in Hong Kong is teachers of the ...

Posted on 26/03/2023

Investors force HSBC shareholder vote on structural overhaul

Minority shareholder Ken Lui leads campaign seeking to split bank’s Asian and western businesses Hong Kong investors have forced HSBC into a shareholder vote on its structure and strategy, including a ...

Posted on 26/03/2023

HSBC Urges Shareholders to Vote Against Push to Rejig Structure

HSBC Holdings Plc has told investors to vote against a proposal by an activist shareholder in Hong Kong to overhaul the company’s structure and spin off its Asian business. Ken Lui, who leads a group ...

Posted on 26/03/2023

More movers, shakers from global family powerhouses eyeing Hong Kong to set up offices, finance chief reveals after high-level summit

Paul Chan says high-net-worth individuals impressed by city's economic recovery, vitality and charm, especially on art transactions front Remarks follow earlier Post remark on Thailand's Chearavanont ...

Posted on 26/03/2023

Hong Kong police keep tight tabs on first authorized protest in years

Several dozen demonstrators were required to wear numbered lanyards and were barred from wearing masks, as police monitored their march against a proposed land reclamation and rubbish processing ...

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