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Posted on 15/12/2023

Bank of East Asia refreshes logo’s colour to a sunrise hue, exhorts customers to ‘live every moment,’ as it taps wealth business

Like its competitors, Bank of East Asia is betting on Hong Kong’s expanded role in the Greater Bay Area to tap the growing affluence and China’s potential for wealth management.

Posted on 15/12/2023

Hong Kong puts arrest bounties on five overseas activists including US citizen

US and UK criticise move while one of the five decries ‘transnational repression harassment tactics’ ...

Posted on 15/12/2023

Hong Kong police expand dragnet on overseas pro-democracy activists

By Jessie Pang HONG KONG (Reuters) -Hong Kong police on Thursday added five more overseas-based activists to a list of wanted people, offering bounties for information leading to their arrest in a ...

Posted on 15/12/2023

HSBC leads Hong Kong banks in keeping prime rates steady after city holds fire in tandem with the Federal Reserve

Fed chairman Jerome Powell said the central bank will start cutting rates well before it hits the inflation goal Analysts believe the Fed has reached its peak rate level, but the US central bank is ...

Posted on 15/12/2023

HSBC to Further Engage in Mergers, Disposals for Asia Expansion

HSBC is looking for mergers, along with the disposal of unprofitable units in Asia, as part of its plan to expand its footprint in the region and serve its wealthy clients.

Posted on 15/12/2023

Hong Kong virtual insurer OneDegree expands digital asset insurance offering to UAE as city boosts ties to Middle East

OneDegree’s move to expand insurance business in UAE comes as Hong Kong ramps up efforts to deepen its business ties with the Middle East.

Posted on 15/12/2023

Hong Kong Issues Bounties for More Exiled Dissidents

National-security police are ratcheting up their efforts to crack down on dissent overseas, offering bounties for a growing list of Hong Kong activists in exile and arresting people suspected of ...

Posted on 14/12/2023

Hong Kong places arrest bounties on activists abroad for breaching national security law

Hong Kong police accused five activists based overseas Thursday of breaching a harsh national security law imposed by Beijing and offered rewards of 1 million Hong Kong dollars ($128,000) for ...

Posted on 14/12/2023

Chinese biotech firm HighTide Therapeutics slashes Hong Kong IPO size by 80% to US$35.6 million

Chinese biopharmaceutical manufacturer HighTide Therapeutics is aiming to raise HK$278 million (US$35.6 million) from an initial public offering in Hong Kong, a fraction of the originally planned ...

Posted on 14/12/2023

Hang Seng Bank’s prime lending rate remains 5.875% per annum

Its deposit savings rate also remains unchanged. Hang Seng Bank is maintaining its prime lending rate at 5.875% per annum. Its Hong Kong dollar savings deposit rates also remained unchanged. Accounts ...

Posted on 14/12/2023

Bank of China HK uses e-CNY for $5.1m cross-boundary settlement

CNY for cross-boundary settlement of RM24m (approximately US$5.13m), the first-time that BOCHK did so. To do this, BOCHK set up an e-CNY wallet on its corporate internet banking platform iGTB NET ...

Posted on 14/12/2023

Hong Kong police issue arrest warrants for 5 more overseas activists

Hong Kong’s national security police on Thursday added five more overseas-based activists to their list of wanted individuals, with bounties for their arrest for “serious national security” offenses.

Posted on 14/12/2023

Hong Kong Expands Use of Bounties to Hunt Democracy Activists

Hong Kong police offered HK$1 million ($128,000) rewards for information on five local dissidents residing overseas, doubling down on its controversial use of bounties to chase after pro-democracy ...

Posted on 14/12/2023

Chinese AI startup 01.AI looks to raise $200 mln -sources

Beijing-based AI startup 01.AI is raising up to $200 million in fresh capital, two sources familiar with the matter said, building on a valuation of $1 billion reached last month on the back of ...

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