Hong Kong has released the first phase of this year’s consumption vouchers scheme, allowing residents to collect HK$3,000 in their digital payment accounts. From Sunday, those who elected to receive ...
Protect Hong Kong’s internet, financial security or risk ‘battleground without gunfire’, city’s Paul Chan warns
Financial Secretary Paul Chan says city must safeguard status as international fiscal centre in light of increasing tensions between China and West.
Innovate Finance slammed for hosting Hong Kong minister at London conference
Fintech industry body Innovate Finance has been criticised over its decision to invite a senior Hong Kong finance minister to speak at a London conference next week as the territory’s government ...
China’s top banker says rate hikes by Western nations fuel global financial instability
People’s Bank of China Governor Yi Gang addresses finance ministers in Washington in first trip to US capitol by a senior Chinese economic official since pandemic.
Bitcoin glory on Chinese TikTok, 30M mainland users, Justin Sun saga: Asia Express
Bitcoin's day of glory on Chinese TikTok, 30M crypto fans still in China, Justin Sun's subpoena after dream rendezvous with Web3 socialite.
HSBC’s exit from French retail market set to face delays as ‘unexpected interest rate rises’ force Cerberus to find more cash
HSBC’s exit from the French retail market has been thrown into doubt after Cerberus Capital said it will need to stump up more cash to fund the transaction as a result of rising interest rates. In ...
HSBC Warns France Sale In Jeopardy Over Capital Concerns
HSBC's planned sale of its French retail banking business to Cerberus-backed My Money Group may fall through due to interest rate rises in France that have boosted the amount of capital the buyer will ...
Is Indonesia’s IPO future as bright as it looks, as Harita Nickel makes glittering public debut?
Jakarta’s stock exchange proving to be a bright spot amid stuttering global IPO market, with nickel producer’s debut underlining appetite for electric vehicle battery sector.
Hong Kong stocks waver as mainland China funds buy big-cap tech while Fed rate outlook improves
Hong Kong stocks wavered even as mainland China funds supported big-cap tech companies while major corporate insiders retreated. Slowing price gains in the US fuelled hopes the Federal Reserve will ...
Hong Kong’s Largest Virtual Bank Starts Crypto to Fiat Services
Hong Kong’s largest virtual bank, ZA Bank, has revealed that it will allow users to exchange cryptocurrencies for fiat currencies and offer banking services to digital asset firms in the city. The ...
Court awards BOC Aviation over $400m for Russian 747-8F defaults
Lessor BOC Aviation has been granted damages of more than $400 million against Russian freight operators AirBridgeCargo and Volga-Dnepr, over defaults relating to three leased Boeing 747-8Fs. The ...
Hong Kong woos mainland China crypto firms in push to bolster finance hub status
After years of bankers quitting Hong Kong amid a China security crackdown and tight COVID curbs, the city is rolling out the red carpet to a finance sector tarnished by events elsewhere in a bid to ...
Tech Drags Hong Kong Stocks, Dollar Squeezed as US Inflation Slows
MSCI's broadest index of Asia-Pacific shares outside Japan slid 0.3%, largely pressured by a 1.5% drop in Hong Kong tech stocks in the wake of the Financial Times reporting SoftBank was selling down ...
HSBC under fire over Hong Kong pensions: Bank accused of blocking those who fled crackdown from accessing funds
HSBC is among several global blocking access to the pensions of thousands of Hong Kongers who left to escape a brutal political crackdown.