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Category: FINANCE

Posted on 28/02/2023

Police look for evidence in slain Hong Kong model’s case

The gruesome killing has transfixed many in Hong Kong and across the border in mainland China since the self-governed southern Chinese city has a very low level of violent crime.

Posted on 28/02/2023

Hong Kong’s HKBN to Get $1 Billion Buyout Offer from HGC, Sources Say

Hong Kong telecommunications provider HKBN Ltd. has received a takeover offer from HGC Global Communications Ltd. that could value the company at more than $1 billion, according to people familiar ...

Posted on 28/02/2023

HSBC riles Hong Kong bankers with plan to end private offices

SENIOR investment bankers at HSBC Holdings in Hong Kong could lose their private offices as the firm moves towards open-plan desks for the financial hub, causing angst among some executives who’ve ...

Posted on 28/02/2023

Hong Kong stocks rebound from 2023 low on corporate earnings boost as city discards mask rules

Report cards from Chinese companies including those in Hong Kong have been encouraging, according to Goldman Sachs and Bank of America Hong Kong will scrap mask-wearing rules from Wednesday, ending a ...

Posted on 28/02/2023

Asia markets mixed as Hong Kong announces to lift mask mandate, Japan’s factory output falls

Asia-Pacific markets were mostly higher on Tuesday as investors digested key economic data across the region. The Hang Seng index rose 0.45% as Hong Kong’s Chief Executive John Lee announced to drop ...

Posted on 28/02/2023

The Chinese billionaire CEO whose disappearance rocked his bank’s stock is ‘cooperating’ with a government probe, his firm says

Rock star dealmaker Bao Fan is "cooperating in an investigation", according to his firm China Renaissance, whose stock tanked 20% when the CEO vanished.

Posted on 28/02/2023

Hong Kong to Lift One of World’s Longest Mask Mandates After Almost 3 Years

Masks will no longer be needed outdoors, indoors or on public transport, Hong Kong leader John Lee told reporters on Tuesday. “From tomorrow we are completely returning to normalcy,” Lee said. “This ...

Posted on 28/02/2023

China including Hong Kong the only bright spot for BofA, Goldman as Asian companies deliver 14 per cent stinker in earnings

Some 56 per cent of Chinese companies beat consensus with their latest report cards, topping peers in South Korea, Australia and Thailand Earnings downgrades involving Chinese stocks have slowed, BofA ...

Posted on 28/02/2023

Hong Kong to constantly benchmark itself against London and New York, finance chief says vows

Financial Secretary Paul Chan tells Post forum that city will remain 'financial market [where] the Western countries have a substantial stake' At the same time, Hong Kong can 'collaborate with ...

Posted on 28/02/2023

Hong Kong to constantly benchmark itself against London and New York, finance chief vows

Financial Secretary Paul Chan tells Post forum that city will remain ‘financial market [where] the Western countries have a substantial stake’.

Posted on 27/02/2023

We Cut Our FVE for Hang Seng Bank to HKD 148 From HKD 177

Hang Seng Bank’s narrow economic moat comes from its funding advantage in Hong Kong, where it is able to attract sticky low-cost deposits that help it generate net interest margins above the ...

Posted on 27/02/2023

China, Hong Kong stocks fall as Sino-U.S. tensions weigh

China and Hong Kong stocks declined on Monday amid Sino-U.S. tensions, while investors awaited policy signals from the upcoming National People's Congress. ** China's blue-chip CSI300 Index dropped 0.

Posted on 27/02/2023

Revitalised Hong Kong investor immigration scheme unlike Singapore policy, aims to entice world’s wealthiest 5 per cent, finance chief says

Financial Secretary Paul Chan says Capital Investment Entrant Scheme to set higher threshold than S$2.5million criteria for Singapore policy Task force established to develop scheme investment ...

Posted on 27/02/2023

HSBC welcomes Hong Kong’s HK$100m bid to attract family office

Hong Kong is aiming to attract 200 family offices to set up shop in the city by 2025. The head of HSBC’s family office advisory in the region welcomed Hong Kong’s latest announced family office ...

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