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Posted on 15/11/2023

Hong Kong anti-triad police hunt 3 men over knife attack, after taxi ambushed and 2 passengers slashed

Hong Kong anti-triad police on Wednesday launched a manhunt for at least three assailants over a car-ramming and stabbing attack that left two taxi passengers injured in a busy shopping district in ...

Posted on 15/11/2023

China Self Driving Firm IMotion Aims to Launch $100 Million Hong Kong IPO This Month – Sources

SYDNEY (Reuters) - Chinese self-driving firm iMotion Automotive Technology is aiming to raise $100 million in its Hong Kong initial public offering (IPO) due to launch in the last week of November, ...

Posted on 15/11/2023

Swiss private bank UBP plans Hong Kong, Greater Bay Area expansion to satisfy growing wealth-management demand, CEO says

“Fortunately, I have not seen that change. Hong Kong is still full of energy. It is a booming city where every person is busy in doing business.” UBP sees a bright future for Hong Kong given its ...

Posted on 15/11/2023

Hong Kong Ousts Dubai as Biggest Hub for Russian Gold Trading

Shut out of London following the invasion of Ukraine, Russian gold trading switched to Dubai. Now it’s shifting again, to the bullion hub of Hong Kong.

Posted on 15/11/2023

Hong Kong journalist group expresses ‘deep regret’ over interview access at banking summit, urges improvements

The city’s largest journalist group has urged the Hong Kong Monetary Authority to improve media arrangements at its events, expressing “deep regret” that reporters were not allowed to interview ...

Posted on 15/11/2023

DHL Express unveils US$410 million expansion of Hong Kong hub, bets on city’s international logistics centre status and new three-runway system

DHL Express has unveiled a HK$3.2 billion (US$409.7 million) expansion of its hub in Hong Kong, in a show of confidence in the city’s position as an international logistics centre.

Posted on 15/11/2023

Hong Kong stocks jump on US inflation news

Hong Kong stocks surged at the open of business on Wednesday morning after a below-forecast US inflation print fanned optimism that the Federal ...

Posted on 15/11/2023

New science classes for Hong Kong primary school pupils to cover country’s achievements, importance of subject to national security

New subject will be introduced to align with a mainland directive to ‘invigorate the country through science and education’, says draft framework document.

Posted on 15/11/2023

Prize a shot in arm for Hong Kong innovation drive

Earthshot Prize for start-up GRST and its eco-friendly lithium battery technology shows Hong Kong has what it takes to confront environmental challenges The word "innovative" is used so often that it ...

Posted on 15/11/2023

Wooing business leaders and avoiding conflict: What’s on Xi’s agenda as the Chinese leader heads to California

Xi Jinping is making his first visit to the US in six years this week for a highly anticipated summit with US President Joe Biden — where the Chinese leader will likely try to bolster his country’s ...

Posted on 15/11/2023

Hong Kong Based Boyaa Plans to Buy $45 million Worth of Bitcoin As Treasury Reserve Asset

The company anticipates dispatching a circular to shareholders by November 30, detailing the proposed acquisition.

Posted on 15/11/2023

Lufax to acquire Hong Kong virtual lender Ping An OneConnect Bank for US$119.5 million

While Lufax lends to small businesses on the Chinese mainland, PAOB offers virtual banking services primarily to small and medium-sized enterprises (SMEs) in Hong Kong. An overlap in services and ...

Posted on 14/11/2023

Hong Kong stocks drop as new signs of China recovery weakness challenge fund managers’ view that sell-off overdone

Some fund managers are keeping their bullish view on cheap Chinese stocks after months of sell-off, while reports showed weak economic recovery with the latest credit data falling short of market ...

Posted on 14/11/2023

Hong Kong lending market rebounds, but bad loans also rise: study

Hong Kong’s lending market is witnessing a recovery in loan demand, but face risks from rising bad loans, according to a study by credit referencing agency TransUnion. The study, which polled hundreds ...

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