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Category: FINANCE

Posted on 10/01/2023

13 Hong Kong domestic helpers among 18 arrested in police probe into HK$35 million money-laundering scheme

Domestic helpers along with five ringleaders detained in series of police raids on Monday Women alleged to have been recruited to open bank accounts taken over by syndicate to launder cash A total of ...

Posted on 10/01/2023

Citi entices Hong Kong’s ultra-wealthy with first-ever Global Wealth Centre

The 10,000-square-foot space is staffed by senior bankers and specialists. Citi is ramping up its global wealth strategy with the launch of its very first Global Wealth Centre in Hong Kong: a curated ...

Posted on 10/01/2023

Hong Kong’s Finance Regulator Calls for ‘a More Solid Footing’ for Crypto

Christopher Hui first heard of crypto from some friends who were running investment funds and investing in virtual assets. Now, as secretary for Financial Services and the Treasury of Hong Kong (FSTB) ...

Posted on 10/01/2023

China, HK stocks gain on border reopening, Beijing’s support for internet sector

"We believe there is a lot of opportunity for those committed to investing in China." ** Chinese internet stocks rose while Hong Kong's Hang Seng Tech Index jumped 3.2% after Guo Shuqing, Communist ...

Posted on 10/01/2023

HSBC Turns Hong Kong Into an Open Canvas With Its Year-Long ‘Open to Art’ Initiative

Little Black Book, MSL Hong Kong creates an immersive art experience at Tsim Sha Tsui Star Ferry Pier and in the metaverse ...

Posted on 10/01/2023

Hong Kong Firm With Ties to Bitmain Reorganizes to Focus on Crypto Asset Management and Hedging

A Hong Kong firm with ties to crypto mining manufacturer Bitmain reorganized its business to bring crypto asset management and hedging services to the forefront, as the city pushes for a comeback in ...

Posted on 10/01/2023

Challenging year for Hong Kong as it aims to make economic comeback

Economists are cautiously optimistic that the city can turn around after three years of pandemic controls and damage, but much will depend on mainland China policy and global conditions Hong Kong has ...

Posted on 10/01/2023

Alibaba’s Ant Could Be Marching Toward An IPO, CNY’s Remarkable Ghost Rally

Jack Ma’s voting rights in financial technology giant Ant Group were lowered to 6.2% from 53.4%, though he still has a significant economic interest in the company.

Posted on 09/01/2023

Unimpressive Hong Kong Keeps No. 3 Spot In Global IPO Race

Hong Kong IPOs fell sharply last year, but the fundraising is expected to rebound this year as global inflation moderates and China reopens The fading threat of forced de-listings for Chinese companie ...

Posted on 09/01/2023

China Citic Bank Offers Covid Shots in HK to Woo Mainland Cash

A Hong Kong unit of state-backed China Citic Bank Corp. is offering free Covid-19 mRNA vaccinations to sign up wealthy new customers as the border between the financial hub and mainland China reopened ...

Posted on 09/01/2023

Alibaba stock rises 8% in Hong Kong as Jack Ma gives up control of sister firm Ant Group

Alibaba (NYSE:BABA) rose more than 8% Monday in Hong Kong after founder Jack Ma ceded control of sister company Ant Group, whose planned 2020 IPO fell apart when Ma’s criticism of Chinese regulators ...

Posted on 09/01/2023

HSBC transforms Hong Kong billboard into an immersive art exhibition

HSBC plans to transform Hong Kong from a bustling financial centre into an open canvas through immersive art experiences and a metaverse gallery. HSBC wants to make art more accessible to people and ...

Posted on 09/01/2023

HSBC turns Hong Kong into an open canvas with its year-long ‘Open to Art’ initiative via MSL

HSBC’s ‘Open to Art’ initiative aims to transform and modernise people’s access to art and the way people experience different forms of art and culture in Hong Kong, which is one of the world’s ...

Posted on 09/01/2023

Jack Ma Is Giving Up Control of Ant. What Does That Mean for Ant’s IPO Reboot?

Chinese regulators torpedoed Ant Group Co.’s would-be record initial public offering, sending shock waves across global capital markets. New rules have been slapped on the fintech giant, which has ...

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