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Category: FINANCE

Posted on 30/03/2023

Hong Kong police seek HK$5.2 billion for new 5G system to handle ‘massive’ data gathered by frontline officers

The HK$5.2 billion will cover expenses across six financial years, including HK$1.28 billion for ... imposed export bans on defence equipment and dual-use technologies to Hong Kong, hours after ...

Posted on 30/03/2023

‘Companies are holding out’: Global IPO market slump endures

Ringo Choi, EY’s IPO leader for Asia Pacific — a region that saw a dip ... which could spur a revival, Choi noted. Hong Kong’s Chief Executive John Lee, for example, recently traveled to Saudi Arabia ...

Posted on 30/03/2023

Black Ferns Sevens and All Blacks Sevens set their sights on Hong Kong return

The All Blacks Sevens and Black Ferns Sevens teams return to the HSBC Hong Kong Sevens this weekend. After successfully qualifying for the 2024 Paris Olympics and securing their fourth successive ...

Posted on 30/03/2023

Chinese Tycoon’s $271 Million Mansion Seized in Hong Kong

A Chinese tycoon’s $271 million mansion in the luxurious Peak neighborhood of Hong Kong was taken away by a bank, just years after the businessman made headlines with his record-breaking shopping ...

Posted on 30/03/2023

Hong Kong stocks waver as Alibaba and Kuaishou extends rally while China Life slumps on earnings concerns

Most Hong Kong stocks weakened as losses Baidu and China Life dragged the benchmark index down from a three-week high. Alibaba Group reached a five-week high, while Kuaishou Technology and PetroChina ...

Posted on 30/03/2023

HSBC HOLDINGS Drifts Lower by Almost 6% on Fear of High-risk Bond Exposure

HSBC HOLDINGS (00005.HK) drifted 5.9% lower to close the midday at $50.65, as risk aversion was fueled further by HSBC's high-risk bond exposure linked to Credit Suisse (CS.US)... Prior to this, ...

Posted on 30/03/2023

IPO funds raised globally may have plummeted 61 per cent in first quarter amid banking crisis, high inflation, EY says

"This has affected the number of IPOs in the first quarter. "Hong Kong, which is an international financial centre, was more affected by international events such as the banking turmoil in the United ...

Posted on 29/03/2023

Logistics startup Lalatech files application for Hong Kong IPO

has submitted an application to the Hong Kong stock exchange for an initial public offering (IPO). Founded in 2013 as a mobile app-based on-demand delivery service platform, the company operates under ...

Posted on 29/03/2023

Hong Kong must ‘embrace and facilitate’ movement of global firms to city, says finance chief Paul Chan

Hong Kong’s place as one of the world’s top financial hubs is based not only on its ready access to mainland capital and as the home ground for many Chinese firms, but also due its attractiveness for ...

Posted on 29/03/2023

Hong Kong, Singapore leaders discuss Asian growth, dismiss ‘rivalry’ talk

Hong Kong's finance chief Paul Chan says strong collaboration with Asean - of which Singapore is a part - is a key plank of city's economic policy Singapore and Hong Kong's economies are closely ...

Posted on 29/03/2023

Singapore has not ‘supplanted’ Hong Kong, both benefit from each other’s growth: Shanmugam

SINGAPORE: The suggestion that Singapore has "supplanted" Hong Kong gives too much weight to short-term factors, Singapore's Law and Home Affairs Minister K Shanmugam said on Wednesday (Mar 29).

Posted on 29/03/2023

Alibaba’s revamp puts renewed focus on Ant Group’s suspended IPO

"This is probably the biggest goal for Alibaba Group itself," Kingston Securities executive director Dickie Wong said of Ant Group's initial public offering plans, adding "there's big hope" for a ...

Posted on 29/03/2023

imBee Reinvents Data-driven Productivity With AiskBee, Hong Kong’s First ChatGPT-Powered Enterprise Knowledge Base Solution

For instance, a securities firm can leverage AiskBee to process inquiries and offer the latest financial products and services information ... Knowledge Base solution for businesses in Hong Kong. By ...

Posted on 29/03/2023

Asian stocks rally as bank jitters calm, Alibaba lifts mood

Alibaba's Hong Kong shares shot up 15%, while the company's U.S.-listed ... Also helping sentiment was easing worries over the banking sector, with investor nerves soothed by the sale of assets in ...

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