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.
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.
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 ...
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 ...
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 ...
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 ...
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 ...
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.
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 ...
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 ...
Chinese AI startup 01.AI looks to raise $200 million -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 ...
HK$20 million in dining vouchers not enough to beat Hong Kong restaurant business blues, industry leader says
Authorities earlier announced they would distribute dining vouchers valued at HK$100 each to 200,000 Hongkongers Lawmaker Simon Wong says city needs to bring in more mainland Chinese visitors to boost ...
I’ve spent the past decade tutoring old money families in Hong Kong. There are 3 things I’ve learned about the world of big money in Asia.
For the ultra-rich, private tutoring is about ensuring that the curse of "one generation to make it, and one generation to spend it," doesn't come to pass, says Jerome Barty-Taylor.
‘Biggest shake-up’: Hong Kong’s corporate governance ranking slumps on concerns of slipping market quality
Hong Kong’s ranking fell to sixth place from second in the biennial CG Watch report, with the stock market’s reputation for quality undermined by weighted voting rights, expansion of secondary listings and other issues.