A large majority of banks, insurers and asset managers in a survey say a dearth of both climate data and standard methodologies hinders their efforts Improvement is urgently needed to strengthen Hong ...
Why the Fed Needs to Take the Digital Yuan Seriously
The e-CNY will be more than just a paperless version of cash for China’s local economy. Its use in trade settlement poses a challenge to the dollar.
Hedge Fund Bets Against Hong Kong’s Dollar Peg Have a Long History—and Little Success
Bill Ackman recently joined a long line of speculators who have bet the Hong Kong dollar’s peg to the greenback would break. Nobody has hit the jackpot.
Hong Kong may get a leg up in hosting IPOs in 2023, as China’s post-Covid reopening boosts sentiment for companies raising funds
Hong Kong’s IPOs, which shrank this year, may come back in the first quarter amid rising optimism over the Chinese economy, analysts said.
SenseTime Partners with Bank of Ningbo to Unveil AI-Generated Content Live Show with Digital Human
SenseTime, a leading global artificial intelligence (AI) software company, partnered with Bank of Ningbo (Shanghai Branch) to develop a digital human named Xiaoning. Leveraging SenseTime's original ...
Quietly does it as Sumitomo Mitsui Banking Corporation celebrates 60 years of service in Hong Kong
Sumitomo Mitsui Banking Corporation (SMBC) is one of the world’s oldest corporations with more than 145 years of operating existence as Mitsui Bank commenced its business in 1876, Sumitomo Bank was ...
Pressing need to inject more resources to speed up Hong Kong’s economic revival, finance chief says as budget consultation launched
Paul Chan says a main goal of his 2023-24 budget, to be delivered on February 22, is to have a forward-looking vision to strengthen city's economic revival External environment in the year ahead will ...
Wumart-Backed Dmall Seeks IPO Boost, But Family Ties Can Also Bind
The provider of cloud services for retailers is looking to raise funds in a Hong Kong IPO after reporting losses totaling 4.23 billion yuan in recent years.
KFin Technologies collects Rs 675 crore from anchor investors ahead of its IPO
KFin Technologies is majority-owned by funds managed by private equity investor General Atlantic. Kotak Mahindra Bank Ltd. also owns a 9.98 percent stake.
HK financial community welcomes new SFC chief executive
Hong Kong’s financial sector has welcomed the appointment of Julia Leung as the next chief executive officer of the Securities and Futures Commission (SFC). Leung, currently the deputy CEO and an ...
Hong Kong Stocks Track US, European Losses
Hong Kong stocks opened slightly lower Friday morning, extending a sell-off in New York and Europe as traders fretted over central bank plans to push interest rates higher to fight inflation.
WISE moves as financial giant Credit Suisse gives teenage Hong Kong girls a taste of corporate life
Secondary school students visit Credit Suisse office under a programme organised by Women In Sports Empowered Hong Kong Credit Suisse's fundraising efforts for Operation Santa Claus include baking ...
BOC-MICP seizes P11.5M worth of undeclared agri products
An estimated P11.5 million worth of undeclared agricultural products loaded in six container vans were seized at the Manila International Container Port (MICP), the Bureau ...
Hong Kong’s exports set to drop 6 per cent for 2022, but bounce back by 5 per cent next year
Hong Kong Trade Development Council points exporters to opportunities in Asean and mainland China markets against backdrop of a sluggish global economy Middle East and Asean were the only two export ...