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Category: FINANCE

Posted on 18/04/2021

Hong Kong – Banks Not Required To Act As Detectives Or Fraud Detectors.

There has been an increasing number of fraud cases, in particular cyber fraud cases, around the world. Some victims of fraud have sought redress from banks for failing to detect the fraud and refrain ... ( read original story ...)

Posted on 18/04/2021

Hong Kong finance minister Paul Chan says ensuring city’s economic security is a ‘war without gun smoke’

Financial Secretary Paul Chan says city needs to crackdown on money laundering and economic support of terrorism to ensure national security is not threatened. ( read original story ...)

Posted on 18/04/2021

Used electronics trading platform Aihuishou to raise up to US$1 billion in US IPO: Sources

Chinese secondhand electronics trading platform Aihuishou is aiming to raise US$500 million to US$1 billion in a US initial public ... ( read original story ...)

Posted on 18/04/2021

How a Hong Kong protester became one of the territory’s youngest exiles

I was very worried about being caught at the airport," the teenager said. “But on the flight, I finally felt safer and the most relaxed in a long time.” ... ( read original story ...)

Posted on 18/04/2021

Commissioner’s office of Chinese foreign ministry says interference with judicial proceedings in Hong Kong tramples upon rule of law, int’l law

The spokesperson said Hong Kong is governed by the rule of law, and the sentencing of anti-China disruptors is based on solid evidence and with a completely legitimate and transparent procedure. HONG ... ( read original story ...)

Posted on 18/04/2021

Integration of Asian financial markets progressing steadily: report

The integration of Asian financial markets is progressing steadily, according to a report released by the Boao Forum for Asia (BFA) Sunday. The BFA Asian Economic Outlook and Integration Progress ... ( read original story ...)

Posted on 18/04/2021

Citigroup to exit retail banking in 13 markets, including Bahrain

Citigroup will also exit its consumer franchises in Australia, China, India, Indonesia, South Korea, Malaysia, the Philippines, Poland, Russia, Taiwan, Thailand and Vietnam. ( read original story ...)

Posted on 18/04/2021

Surpassing Hong Kong and Singapore was easy. Shenzhen’s next economic miracle rests on Tencent, Huawei and its top companies

Shenzhen, the richest city in southern Guangdong province known as China's Silicon Valley, surpassed Hong Kong and Singapore over the past two years in terms of gross domestic product. By 2025, the ... ( read original story ...)

Posted on 18/04/2021

Ant denies report that it’s exploring ways for Ma to sell stake

Ant Group denied a report that the Chinese finance-technology company is exploring ways for founder Jack Ma to sell his stake and give up control as a means to ease pressure from the country’s ... ( read original story ...)

Posted on 17/04/2021

Special Report – Learning FinTech beyond Hong Kong

The technological sector associated with finance needs to advance further in Macau, but it should not be dependent on what happens in ... ( read original story ...)

Posted on 17/04/2021

Citigroup Refocuses Asia Strategy as It Pulls Back From Consumer Banking

The New York-based bank plans to scale up in what it sees as a more lucrative endeavor: serving the rising numbers of wealthy entrepreneurs and their businesses in Asia. ( read original story ...)

Posted on 17/04/2021

Jimmy Lai among 5 Hong Kong democracy activists jailed

Hong Kong media tycoon Jimmy Lai was jailed for 14 months on Friday (Apr 16) along with four other veteran democracy activists for ... ( read original story ...)

Posted on 17/04/2021

Jimmy Lai Among Five Hong Kong Democracy Activists Jailed

Hong Kong media tycoon Jimmy Lai was jailed for 14 months on Friday along with four other veteran democracy activists for their roles in protests that helped trigger a sweeping crackdown on dissent by ... ( read original story ...)

Posted on 17/04/2021

Hong Kong police arrest three after victim loses HK$69 million in city’s biggest-ever phone scam

Woman, 65, suffers largest single loss for this type of fraud in Hong Kong history, but the impact of the scam is said to barely dent the family’s wealth. ( read original story ...)

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