Li has previously been banned from acting as a director in Hong Kong after a 2015 share price crash where his company lost almost half its value in minutes.
Hong Kong crypto exchanges to follow same laws as traditional finance
Hong Kong has passed a new licensing regime on for crypto exchanges that will subject providers to the same legislation and rules as traditional finance.
Hong Kong to Propose Approved Set of Crypto Tokens for Retail Trading: Reuters
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Hong Kong's Securities and Futures Commission (SFC) will allow retail trading in a select group of ...
Goldman job cuts hit investment banking, global markets hard -source
Goldman Sachs began laying off staff on Wednesday in a sweeping cost-cutting drive, with around a third of those affected coming from the investment banking and global markets division, a source ...
Hong Kong IPO bankers hope for better in 2023
Initial public offerings by Chinese firms are Hong Kong’s lifeblood, yet they were rarer than hen’s teeth in 2022. For deal flow to return, China must open up. Buckle up: things could get bumpy.
Virtual assets: Hong Kong retail investors will only have access to ‘highly liquid’ products, SFC’s new boss Julia Leung says
A consultation paper on virtual assets will be issued in this quarter and new licensing rules for virtual assets platforms will come into effect in June, Julia Leung said The SFC will also work with ...
Coronavirus: Hong Kong will return to normality quickly but safely, city leader John Lee says at regional financial forum
Rest assured, we’ll go fast in a safe and orderly manner towards our shared goal of everything resuming as normal,’ city leader tells attendees at Asian Financial Forum.
HSBC’s Tucker Sees Strong Recovery in HK, Big Push for India
HSBC Holdings Plc’s Chairman Mark Tucker sees a significant boost to the global economy and a rebound in Hong Kong from China’s reopening.
In the News: Treasury Bond Futures Opening-Up; Crypto Investment; and More Flexible Pay Options for Hong Kong-Based Arbitrators
China opens treasury bond futures to foreign bank; no protection for crypto investment; and ORFS bring Hong Kong in line with other major arbitration centers ...
A Chinese bank is offering customers a Pfizer COVID-19 vaccine if they deposit $500,000 into an account
A Hong Kong-based bank is offering customers an express reservation for a Pfizer shot after cross-border restrictions with mainland China were lifted.
Hong Kong IPO outlook 2023: back from the brink
After a miserable 2022 with total fundraising dropping almost 70%, the market consensus is that Hong Kong’s initial public offering (IPO) market will get better in the New Year largely driven by a ...
Hong Kong’s exchange vies to regain top IPO spot, opens US office
The bourse saw a fall of 68% in total proceeds raised last year compared to 2021, but capital markets have shown signs of recovery.
Chinese bank tries to entice wealthy customers with mRNA vaccines
A Chinese state-owned bank in Hong Kong is offering customers one shot of an mRNA vaccine if they make a deposit of HK$4mn (US$512,277), as it seeks to entice mainland clients who have until now only ...
Hong Kong’s ZA Bank launches debt consolidation program Debt Changer
Users can defer payment for a month for every 12 month tenor they take. Hong Kong’s ZA Bank has launched Debt Changer, a debt consolidation program which enables users to defer repayment for up to 6 ...