He pointed out that, in the past, the government's formula for achieving strong financial returns by selling reclaimed land to developers had worked well during economic booms. "But now the economic ...
HKECIC and Hang Seng deliver first green export credit insurance
The very first green financing arrangement will ease export expenses whilst maintaining sustainability. The Hong Kong Export Credit Insurance Corporation (HKECIC) and Hang Seng Bank “break new ground” ...
Italian financial consultant in Hong Kong duped out of more than HK$14 million in bogus cryptocurrency investment as part of love scam
Man, 55, had responded to Tinder message from con artist pretending to be female investment broker in Singapore The case is the latest in a string of similar crimes with losses for each totalling more ...
Hedge Fund Snow Lake Quits Hong Kong After More Than a Decade
China-focused hedge-fund firm Snow Lake Capital Ltd. has left Hong Kong after 12 years of operating in the city, people familiar with the matter said.
Hong Kong intervenes to defend currency peg amid capital flight as Fed’s tightening bias surprises markets
The HKMA bought HK$7.1billion (US$905 million) on April 4 and sold the equivalent amount of US -currency to protect the currency trading band Traders have raised bets for a -50-basis point increase at ...
Hong Kong Intervenes in FX Market For First Time in Seven Weeks
The Hong Kong Monetary Authority bought the local dollar for the first time since mid-February after the currency slid past the weak end of its trading band.
Hang Seng delivers Leo Paper green financing
Hang Seng Bank has delivered a green receivables financing solution for Leo Paper Group, with an export credit insurance provided by Hong Kong Export Credit Insurance Corporation (HKECIC) that ...
Hang Seng Bank offers free taxi rides as part of rebranding campaign
Hang Seng Bank is offering free taxi rides for Hong Kong citizens, inviting the local community to "hop aboard" the new wave of its "Ever Growing, Ever Rewarding!" celebration. This comes as the brand ...
Syngenta’s US$9.5 billion IPO in China remains in limbo after unexplained last-minute cancellation of listing meeting
The seed and agrichemical producer, controlled by China National Chemical Corp, has received no official explanation, nor any word on next steps, leaving traders to speculate about the reason behind ...
Hotpot ingredient supermarket considers US$500 million HK IPO, sources say
Co, a hotpot and barbecue ingredient supermarket chain, is considering a Hong Kong initial public offering that could raise US$300 million to US$500 million, according to people familiar with the ...
Hong Kong’s crypto comeback should make the U.S. uneasy
Hong Kong's pivot back to crypto comes as the U.S. risks overplaying its hand when it comes to global financial regulation.
Hong Kong’s ‘moneymaking genes’ help it trump charmless Frankfurt, LA and Singapore, says tycoon Ronnie Chan
While some international cities that are well-equipped with hotels and airports are "artificial" and "super boring", Hong Kong is also "full of charm", which makes it a favourable destination for ...
Hotpot Ingredient Supermarket Considers $500 Million HK IPO, Sources Say
Guoquan Supply Chain (Shanghai) Co., a hotpot and barbecue ingredient supermarket chain, is considering a Hong Kong initial public offering that could raise $300 million to $500 million, according to ...
Chinese Mainlanders Rush to Open Hong Kong Banking Accounts After SAR Reopened Its Borders
About 60 percent of Chinese mainlanders traveling to Hong Kong soon after its reopening on Feb. 6 said their visits were for personal financial reasons, according to a recent survey. Reservations from ...