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Category: FINANCE

Posted on 01/06/2023

Hong Kong launches retail-friendly rules for crypto exchanges

Hong Kong opened its arms to the virtual asset world on Thursday, launching new retail-friendly rules for the city's crypto exchanges. The regulatory regime launched Thursday means that after a ...

Posted on 01/06/2023

Chinese EV Maker Hozon Weighs June Filing for $1 Billion Hong Kong IPO, Sources Say

Hozon New Energy Automobile Co., a company making affordable electric vehicles in China, is considering filing for its $1 billion Hong Kong initial public offering as soon as this month, according to ...

Posted on 01/06/2023

Hong Kong stocks poised to rebound as monetary easing boosts China’s economic recovery, says Hang Seng Qianhai Fund Management

Hong Kong stocks are likely to rebound from heavy sell-offs in the second half of the year as a potential easing of monetary policy boosts China’s economic recovery, says Hang Seng Qianhai Fund ...

Posted on 01/06/2023

HSBC DOUBLES DOWN ON SUPPORT TO INNOVATION ECONOMY IN HONG KONG AND MAINLAND CHINA DEDICATED LENDING FUND INCREASES TO USD3 BILLION

Expanding lending to climate tech, industrials, consumer, technology, and healthcare and life sciences through new "HSBC New Economy Fund"* **Rolling out venture debt in Hong Kong** HONG KONG, May ...

Posted on 01/06/2023

Hang Seng on cusp of bear market as China factories cool and JPMorgan says ‘consumer might not get stronger’

The Hang Seng is on the brink of a bear market having fallen nearly 20% from a recent peak after more data showing a slowdown in China.

Posted on 31/05/2023

Hong Kong consumers spoiled for choice as payment platforms offer sweeteners to win users ahead of consumption voucher release

Octopus will distribute 1 million cash coupons for participating merchants which include fast food chain McDonald’s, convenience chain Circle-K and home goods store JHC. The coupons will be given out ...

Posted on 31/05/2023

Hong Kong: ZA Bank to Launch Digital Asset Trading Services for Retail Investors

ZA Bank, Hong Kong’s virtual bank, recently unveiled its plan to introduce virtual asset trading services for retail investors.

Posted on 31/05/2023

Hong Kong stocks touch bear market territory as China’s recovery momentum fades

The Hang Seng index hit a session low of 18,044.86 points. That was 20.5% below its 52-week closing high of 22,688.9 points reached on Jan. 27.

Posted on 31/05/2023

Hong Kong IPO boost: Chinese firms Mobvoi, HighTide plan to raise up to US$500 million amid sluggish year

AI and electronics firm Mobvoi aims to raise up to US$300 million, while pharmaceutical company HighTide targets up to US$200 million amid a lacklustre year for IPOs in the city.

Posted on 31/05/2023

How HSBC’s China battle threatens to ‘heat right back up’

HSBC executives have been reassured by senior figures in China and Hong Kong that the dispute is viewed as commercial, not political — they take comfort from the fact that it has won additional ...

Posted on 31/05/2023

Green finance: Hong Kong should pick the more stringent China, EU yardsticks for defining climate-friendly projects, says think tank

Hong Kong should adopt the more stringent criteria from those used by China and the European Union for defining green and climate mitigation projects to bolster its position as an international ...

Posted on 31/05/2023

Hong Kong and UAE central banks collab on crypto rules, fintech development

Crypto regulations and collaboration on fintech initiatives were among the key points discussed between the central banks of the United Arab Emirates and Hong Kong.

Posted on 31/05/2023

China Fintech Unicorn B2B No.1 Foreign Trade Financial Platform XTransfer Officially Set Foot in Hong Kong

XTransfer, China No.1 B2B foreign trade financial platform*, successfully held its inaugural "B2B Trade Digitization" foreign trade seminar at the InterContinental Grand Stanford Hotel Hong Kong. The ...

Posted on 31/05/2023

Hong Kong consumption vouchers: second instalment coming from July 16, says finance chief Paul Chan, adding long-term scheme ‘difficult’

Finance chief Paul Chan says more large-scale public activities under ‘Happy Hong Kong’ campaign planned to help latest round of vouchers go further.

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