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Category: FINANCE

Posted on 05/03/2023

Hong Kong will bounce back ‘differently’ to regain role as international finance centre, Asian chief of Italian asset manager says

Hong Kong's economy will bounce back like it has from other crises in past decades, but this time it will take longer because time is needed for talent to return after three years of Covid-19 travel ...

Posted on 05/03/2023

Jumping on the China bandwagon? Analyst reveals whether A-shares or H-shares are a better bet

The recent pullback in Chinese stocks is an opportunity for investors to snap up opportunities as the country reopens, according to Bernstein.

Posted on 04/03/2023

UPDATE 3-BofA, Citigroup trim investing banking headcount in Asia -sources

By Selena Li and Kane Wu HONG KONG, March 4 (Reuters) - Bank of America and Citigroup have cut some investment banking jobs in Asia, people familiar with the matter told Reuters, joining global peers ...

Posted on 04/03/2023

Hong Kong freight forwarding firm PSI Group files for $16M US IPO

PSI Group , a Hong Kong-based provider of freight forwarding services, has filed for a $16M US initial public offering. The company said that it plans to offer 3.25M ordinary shar ...

Posted on 04/03/2023

Clash of the Car-hailing Titans: Dida Seeks IPO Funds as Battle Looms

Dida Inc. has revived plans for a Hong Kong IPO, but investors could be troubled by a 92% plunge in net profit for the first nine months of last year The company’s archrival, DiDi Global, has resumed ...

Posted on 04/03/2023

Hong Kong skyscraper fire could mean $64M payout, cause under investigation

The property developers responsible for the nearly-completed Kimpton Hotel may be in for a historic insurance payout after the project was consumed in flames Friday.

Posted on 04/03/2023

Hang Seng Bank Celebrates 90 Years of Deep-rooted Connections with Hong Kong

Hang Seng Bank ( 'Hang Seng') marked its 90th anniversary today (3 March) with a joyful celebration that reinforced the Bank's commitment to helping customers, the community and Hong Kong to realise ...

Posted on 03/03/2023

Futu Hong Kong IPO underwriting results top the industry

Limited ("Futu" or the "Company"), a leading tech-driven digitalized brokerage and wealth management company, the largest digital retail broker in Hong Kong in terms of its number of retail clients, ...

Posted on 03/03/2023

BofA, Citigroup trim investing banking headcount in Asia -sources

Bank of America and Citigroup have cut some investment banking jobs in Asia, people familiar with the matter told Reuters, joining global peers in paring headcount as China dealmaking slows. Bank of ...

Posted on 03/03/2023

BofA, Citi Cut Handful of Investing Banking Jobs in Asia – Sources

Bank of America (BofA) cut around half a dozen Hong Kong-based investment banking jobs on Thursday, two people familiar with matter said, as part of the bank's global downsizing in investment banking.

Posted on 03/03/2023

How a lone voice of dissent over the Hong Kong budget rattled the finance chief

Hong Kong Free Press. One of the delights of the annual budget talkfest is that the Financial Secretary of the day can hardly avoid the obligation to give unscripted replies to ...

Posted on 02/03/2023

Hong Kong citizens reject the digital yuan – Here is why

The Chinese government’s project of central bank digital currency (CBDC), the “digital yuan,” has been met with low demand and disinterest from Hong Kong citizens. Low demand for digital yuan hard ...

Posted on 02/03/2023

Hong Kong stock exchange operator to open London office

Hong Kong Exchanges and Clearing (HKEX) confirmed today that it will open an office in London in the first half of 2023. It said the new office will expand the group’s international reach and promote ...

Posted on 02/03/2023

Hong Kong citizens not interested in digital yuan: Reports

Local authorities will continue their efforts to promote the digital yuan for Hong Kong citizens, including the project of a SIM-card hard wallet.

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