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Category: FINANCE

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 ...

Posted on 01/04/2023

Blinken Says China Erodes Hong Kong’s Judicial Independence

US Secretary of State Antony Blinken denounced China for undermining the independence of Hong Kong’s courts, as the State Department released a new report condemning Beijing’s crackdown on dissent in ...

Posted on 01/04/2023

Global Finance CEOs Make First Post-COVID Visits to China

A flurry of top financial executives have visited China for the first time since the COVID-19 pandemic as global financial giants seek to cement their relations with Beijing at the start of President ...

Posted on 01/04/2023

HSBC chiefs hope to quell shareholder calls for break-up

The bosses of HSBC are preparing to face the bank’s legion of small investors in Hong Kong to try to quell a rebellion aimed at forcing it to break itself up. Mark Tucker, the chairman, and Noel Quinn ...

Posted on 01/04/2023

UPDATE 1-Global finance CEOs make first post-COVID visits to China

HONG KONG/SHANGHAI, March 31 (Reuters) - A flurry of top financial executives have visited China for the first time since the COVID-19 pandemic as global financial giants seek to cement their ...

Posted on 01/04/2023

Blinken Says China Is Eroding Hong Kong’s Judicial Independence

US Secretary of State Antony Blinken denounced China for undermining the independence of Hong Kong’s courts, as the State Department released a new report condemning Beijing’s crackdown on dissent in ...

Posted on 01/04/2023

The World Bank warns that the U.S.—China rift is hurting Asia’s growth and ‘the global availability of knowledge’

China relations will hinder the growth in both economies as well as other parts of Asia, and hurt innovation and information sharing around the world. “Politics, rather than economic fundamentals and ...

Posted on 31/03/2023

People are just finding out what HSBC stands for and even their customers have no idea

Referring to a report they read online, one person shared on Twitter: “they wrote The Hongkong and Shanghai Banking Corporation and i was WTF, but saw HSBC in brackets”. [sic] “Saw the name The Hong ...

Posted on 31/03/2023

New Hong Kong IPO regime draws no day-one listing applications, but eased rules will lure tech start-ups, analysts say

CEO Noel Quinn said during a media briefing in Hong Kong on Thursday. The bank has stepped up its business for tech companies after paying GBP1 (US$1.23) to take over the UK unit of Silicon Valley ...

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