Herman Cheng, having served as Head of Digital Banking at HANG SENG BANK (00011.HK) for more than five years, has tendered his resignation with effect from the end of February, Hong Kong Economic ... ( read original story ...)
Hong Kong stocks finish with steep losses
Hong Kong stocks finished with big losses on Monday on concerns about the Federal Reserve's plans to hike interest rates to fight inflation, with ... ( read original story ...)
Tencent-Backed TUHU Plans Hong Kong IPO
By Clarence Leong Tencent Holdings Ltd.-backed TUHU Car Inc. is planning an initial public offering in Hong Kong to raise funds for the expansion of ... ( read original story ...)
Scammers launder nearly HK$29 billion from victims through Hong Kong bank accounts, cryptocurrency wallets over past 4½ years
Online banking, electronic payments and cryptocurrency wallets offer fraudsters more avenues to launder illegal funds, according to a police source. ( read original story ...)
Hong Kong financial sector faces talent crunch as expats head for exit
The city has had stiff quarantines in place for two years, and last year introduced some of the strictest entry rules in the world. . Read more at straitstimes.com. ( read original story ...)
IMF lauds Hong Kong’s financial system
The International Monetary Fund has reaffirmed Hong Kong's position as a major international financial center, commending the city's strong economic recovery and the government's efforts to safeguard ... ( read original story ...)
Asian private equity firm PAG weighs US$2 billion Hong Kong IPO plan
Hong Kong-based alternative asset manager is said to be considering a stock offering to raise about US$2 billion, according to people with knowledge of the plan. ( read original story ...)
OPINION – The digital yuan and other CBDC projects: how can Hong Kong and the GBA benefit from them
Hong Kong, through the Hong Kong Monetary Authority (HKMA), is currently engaged in 3 CBDC-related projects: the digital yuan (its tests in the Special Administrative Region), the mCBDC Bridge Project ... ( read original story ...)
Hong Kong finance chief vows budget will strike balance between boosting economy, helping residents, as industry representatives call for more aid
'While alleviating the impact of the epidemic, we must also focus on promoting economic development and improving people's livelihoods,' Paul Chan says Industry and labour representatives, meanwhile, ... ( read original story ...)
U.S. firms in Hong Kong plan to expand investment: AmCham HK
U.S. businesses in Hong Kong are generally optimistic about the competitive global hub and more plan to expand their investments, according to a survey report released Wednesday by the American ... ( read original story ...)
Hong Kong stockbrokers’ bonuses shrink after 2021 market rout, while staff at banks including HSBC and Bank of East Asia reap the rewards
Many of the city's 600 brokerages will pay much smaller bonuses or none at all as the Year of the Tiger gets under way Meanwhile, bank staff are likely to be celebrating higher bonuses thanks to their ... ( read original story ...)
Digital Banking: ZA Bank becomes Hong Kong’s First Virtual Bank to Receive Type 1 SFC License
Hong Kong's ZA Bank is now "licensed by the Securities and Futures Commission (SFC) for Type 1 regulated activity (dealing in securities)." ... ( read original story ...)
Hong Kong’s ‘zero COVID’ policy risks status as financial hub
HONG KONG -- "All of Asia's key markets less than four hours away." "Half of the world's population can be reached within five hours by plane." By continuing to browse this website, you accept cookies ... ( read original story ...)
Asian Private Equity Firm PAG Weighs Hong Kong IPO
Asia-focused investment firm PAG is considering an initial public offering in Hong Kong, according to people with knowledge of the matter, in what would be one of the biggest listings by a buyout firm ... ( read original story ...)