The Hong Kong Securities and Futures Commission (SFC) issued a warning today regarding unlicensed cryptocurrency exchanges engaging in "improper practices." The regulator highlighted that conducting ...
UBS shuffles bank bosses in bid to better compete with Wall Street
UBS on Monday announced an overhaul of its investment banking division, including naming the unit's M&A chiefs, marking a key step in integrating Credit Suisse. UBS CEO Sergio Ermotti is seizing on ...
Credit Suisse Hong Kong investing banking job cuts, targeting 80%, start this week: Sources
Around 80 per cent of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts will start from this week, two people with knowledge of the matter said, as part of the ...
Hong Kong property ‘price war’ imminent as Li Ka-shing’s CK Asset slashes flats to lowest seen in city in 7 years
Developer cuts prices at Coast Line II in Kowloon to US$1,921 per square foot – 16 per cent below other recent launches – in a bid to boost buyer sentiment in a slumping market.
VC deal value in Asia falls in second quarter but optimism grows about pick-up in IPOs in Hong Kong and China, says KPMG report
VC deal value in Asia in the second quarter was US$20.1 billion, down from US$35.1 billion in the same period last year KPMG says increased support from local governments in China and collaboration ...
HSBC plans to attract more Asean and Middle East clients to Hong Kong as non-resident account openings double
HSBC, the biggest of Hong Kong’s currency-issuing banks, plans to leverage its network in the Asean and Middle East regions, to encourage more companies and individuals to invest in the city, the head of its Hong Kong office said. The lender, which ...
Don’t buy HSBC executive’s fake apology over China propaganda boosting
The head of public affairs for Britain's multinational HSBC bank has sparked controversy by claiming that London was "weak" for supporting U.S.-led measures to restrict certain trade with China.
Hong Kong regulator warns of criminal offense by unlicensed crypto exchanges engaging in improper practices
Hong Kong’s Securities and Futures Commission (SFC) has issued a stern warning to unlicensed virtual asset trading platforms (VATPs) engaging in improper practices. The regulator has observed that ...
Hong Kong securities regulator warns of ‘criminal’ activity by unlicensed exchanges
Without naming names, Hong Kong's SFC said some firms had falsely claimed to have submitted applications for licensed crypto activities in the special administrative region.
Take-Privates Fan Hong Kong M&A Revival Hopes
Hi, it’s Manuel Baigorri in Hong Kong. I spoke to two lawyers about how take-private transactions are all the rage in Asia’s world city. Elsewhere, German M&A boosted by family-led sales and adding up Hindenburg’s wins.
Canadian Case Exposes Hong Kong Developer’s Corporate Ties to Chinese Criminal Underworld
Hong Kong property developer Yu Shunhui is known for his philanthropy and real estate deals, but there is a darker side to his business. Reporters have discovered that he is behind a company named
Developer Weakness Halts Gains In Hong Kong, Internet Stocks Flat Before Earnings
Asian equities were mixed overnight on light volumes and little market-moving news as Mainland China underperformed.
Hong Kong court refuses to ban popular protest song, government plans to appeal decision
A court in Hong Kong refused to ban a popular protest song on July 28, 2023. lawmakers in the country plan to appeal the court's decision.
HSBC executive apologises for calling UK ‘weak’ over China
Coles, who is the banking giant's head of public affairs, reportedly made the comments at a closed-door event in London two months ago, according to Bloomberg News.