A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down after failing to build a commercially viable business.Serai, a wholly-owned subsidiary of ... ( read original story ...)
HSBC shuts down Hong Kong-based trade start-up Serai
HONG KONG : A Hong Kong-based trade platform launched by HSBC Holdings three years ago with much fanfare has shut down after failing to build a commercially viable business, the London-headquartered ... ( read original story ...)
Pando Finance will launch two active Hong Kong listed SFC authorized public ETFs, Blockchain ETF and Innovation ETF, around Q4 2022
Pando Finance was successfully granted the unconditional license from the Securities and Futures Commission ("SFC") of Hong Kong to carry out Type 1, 4, and 9 regulated activities, in the scope of ... ( read original story ...)
HSBC pulls the plug on trade startup Serai
HSBC has called time on Serai, its wholly owned subsidiary that operated as an online B2B platform for SME trade, after the venture failed to make money. Originally launched in 2019 as part of the ... ( read original story ...)
British wealth manager SJP eyes China’s growing pension market, details retirement risk for Hong Kong’s ‘sandwiched generation’
London-listed St James's Place is looking for a chance to expand into China's pension market, either through a joint-venture or on its own The company also released research showing Hongkongers with ... ( read original story ...)
Hong Kong sports boss Lam Tai-fai says elite athletes in city need more cash, at ceremony for new HK$1 billion facility
Sports Institute chairman Lam Tai-fai says government will be partly to blame if athletes fail to build on Tokyo Olympics success, and calls for new training facilities to built in New Territories. ( read original story ...)
Standard Chartered Hong Kong sees metaverse as future of banking
Could the next frontier of banking services lie in the metaverse? For Standard Chartered Bank (SCB) Hong Kong, it just might be. The bank, through its investment arm, SC Ventures, recently purchased ... ( read original story ...)
HSBC: Alliance for Green Commercial Banks Marks Sector Push for Asian Net Zero Emissions Milestone
Accordingly, BOC HONG KONG (02388.HK), Citi, Credit Agricole CIB, HSBC, and Standard Chartered have become cornerstone members of the Alliance today. The Alliance's formation symbolized the banking ... ( read original story ...)
HSBC Buys back Over 3.18M Shrs in HK, London Ytd for $166M
HSBC HOLDINGS (00005.HK) announced that it had repurchased a total of 3.1876 million shares in London and Hong Kong yesterday (7th), involving a total of approximately HKD166 million. HSBC repurchased ... ( read original story ...)
Hong Kong Stock Market Poised To Reverse Tuesday’s Losses
The Hong Kong stock market turned lower again on Tuesday, one session after snapping the two-day losing streak in which it had stumbled more than 330 points or 1.6 percent. The Hang Seng Index now ... ( read original story ...)
China to Sell $3.46 Billion of Treasury Bonds in Hong Kong
China’s Ministry of Finance unveiled a plan Monday to sell 23 billion yuan ($3.46 billion) of yuan-denominated treasury bonds in Hong Kong this year. The bonds will be issued in four batches, with the ... ( read original story ...)
Bank of China Joins Four Global Institutions in Green Banking Initiative
Five global banks signed up as cornerstone members of the Alliance for Green Commercial Banks, a global green banking initiative established by the Hong Kong Monetary Authority (HKMA) and the World ... ( read original story ...)
Hong Kong Securities and Futures Commission issue warning over NFTs
The Hong Kong Securities and Futures Commission (SFC) has released a statement urging investors to be cautious about the risks posed by NFTs. ( read original story ...)
Ant Group emerges as ‘less finance and more tech’ two years after mega IPO was called off, analysts say in wake of ESG report
Ant has been under a state-guided restructuring process since its IPO in Shanghai and Hong Kong was called off in 2020 Fintech firm will focus on four pillars: digital inclusion, low carbon, ... ( read original story ...)