Category: FINANCE

Alongside its annual results on Tuesday, the bank is also preparing to announce a withdrawal from consumer banking in the US after concluding it cannot turn round the struggling unit. ( read original story ...)

After years of promising to diversify the economy and improve liveability, the government must put its money where its mouth is – especially as Hong Kong faces its biggest disruption in decades. ( read original story ...)

Survey by industry association says 70 bars to shut for good after Lunar New Year holiday, and closures follow 140 establishments that closed last year. ( read original story ...)

Strong outflow of capital driven by China’s strong post-coronavirus recovery and greater financial opening up. ( read original story ...)

HSBC Holdings is considering the return of some global leaders to the bank’s original hometown, reinforcing Asia’s role as its centre of gravity. A cadre of senior executives is set to relocate in ... ( read original story ...)

One key takeaway from 2020 is that change is and continues to be the new constant, and when it comes to countries such as Hong Kong, this type of change should help create the birth of a new global ... ( read original story ...)

Any tax review must ensure the city stays competitive: raising taxes on gambling and stock trading will only penalise excellence and drive punters underground, costing the government much-needed ... ( read original story ...)

China's central bank conducted 25 billion Yuan (about USD3.87 billion) worth of bills in Hong Kong on Friday, February 19. According to the People's Bank of China (PBOC), along with the ... ( read original story ...)

HSBC Holdings Plc is considering the return of some global leaders to the bank’s original hometown, reinforcing Asia’s role as its center of gravity. ( read original story ...)

Jack Ma's Ant Group quickly became one of China's most powerful companies, and its plans for bridging the worlds of tech and finance were growing ever more ambitious by the day. ( read original story ...)

Cash-rich Hong Kong residents are fleeing political repression, as mainland China clamps down on the special administrative region. Beijing introduced a national security law in 2020, following mass ... ( read original story ...)

Y Intercept Hong Kong Ltd acquired a new stake in Bank of America Co. (NYSE:BAC) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange ... ( read original story ...)

The director of RTHK, the only publicly funded broadcaster on Chinese soil, was replaced after a government review slammed editorial “deficiencies.” ... ( read original story ...)

Hong Kong authorities have ordered sweeping changes to the city’s public broadcaster, a move denounced by critics as the latest step in a crackdown on freedom of expression in the territory. Radio ... ( read original story ...)