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Category: FINANCE

Posted on 10/03/2023

U.S. targets ‘shadow banking’ network helping Iran evade sanctions

The United States on Thursday imposed sanctions on 39 entities, including many based in the United Arab Emirates and Hong Kong, that Washington said facilitate Iran's access to the global financial ...

Posted on 10/03/2023

National security law enables Hong Kong to move from chaos to stability, prosperity: youth from HK

The youth from the Hong Kong Special Administrative Region made the remarks online at the 52nd session of the UN Human Rights Council, saying the national security law has played a pivotal role in ...

Posted on 10/03/2023

US applies sanctions over Iran shadow banking, drone network

The United States on Thursday announced more sanctions against people and firms associated with Iran and with what it said was an illicit banking network used to conceal transactions.

Posted on 10/03/2023

US Targets ‘Shadow Banking’ Network Helping Iran Evade Sanctions

"Iran cultivates complex sanctions evasion networks where foreign buyers, exchange houses, and dozens of front companies cooperatively help sanctioned Iranian companies to continue to trade," said ...

Posted on 09/03/2023

Fintech summit: young blood, fresh ideas are key to Hong Kong’s digital finance future, say industry leaders

Financial Secretary Paul Chan said the city's access to the Greater Bay Area provides a huge advantage for fintech companies Hong Kong is becoming a 'Silicon Valley and Wall Street all in one', HKEX ...

Posted on 09/03/2023

HSBC GLOBAL PRIVATE BANKING WOMEN’S FORUM 2023

HSBC Global Private Banking ("HSBC GPB") hosted its annual "Women's Forum 2023". Themed "Championing Tomorrow. Amplifying Voices", the event honours women's role as champions of enablement and ...

Posted on 09/03/2023

Australia politics live: NAB passes on full rate hike; pre-departure Covid testing to end for China, Hong Kong, Macau travellers

Follow live ...

Posted on 09/03/2023

Hong Kong stocks slide for third day, dipping below 20,000-point mark amid impending restrictions on chip-making machines

Tech stocks lead the decline as the Netherlands proposes curbing exports of machines that are critical to producing advanced chips The new rules add to investor concerns about China stepping up ...

Posted on 08/03/2023

Analysis: China’s financial regulatory revamp raises hope, some concern over control

A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidate power at the top and could introduce more state and party intervention.

Posted on 08/03/2023

Hong Kong stocks fall 2% as Fed’s Powell hints at more rate hikes ahead

Hong Kong shares dropped more than 2% after Jerome Powell cautioned that interest rates may need to be higher than the central bank expected.

Posted on 08/03/2023

Tech stocks slump in Hong Kong as China regulatory overhaul induces caution while traders bet on more aggressive Fed tightening

China is putting more power under new national agencies to oversee the local financial markets, as well as data security amid US tech rivalry Traders raised bets on higher rates after Fed Chair Powell ...

Posted on 08/03/2023

China’s SHEIN set to raise $2 bln, eyes US IPO later this year -sources

HONG KONG, March 8 (Reuters) - Chinese online fashion retailer SHEIN ... The company last month held initial talks with several investment banks to pick lead bookrunners for the U.S. IPO, said two of ...

Posted on 08/03/2023

Tech stocks sink as Hang Seng slips below 20,000 points amid China regulatory overhaul, hawkish Fed policy tone

Hong Kong stocks slumped by most in five weeks amid China’s moves to strengthen its regulatory oversight of the financial markets and preparing plans to overcome US technology curbs. Traders bet the ...

Posted on 08/03/2023

Chinese bank earnings threatened by early mortgage payments

Chinese banks are facing a new earnings challenge as growing numbers of homebuyers pay off their mortgages ahead of schedule, threatening lenders with the loss of years of anticipated interest income.

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