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Posted on 18/07/2023

Exclusive: China’s CITIC to move dozens of Hong Kong bankers to mainland to cut costs

China's CITIC Securities plans to move dozens of bankers from its offshore platform CLSA in Hong Kong to the mainland to cut costs and meet Beijing's call to bridge income inequality in the financial ...

Posted on 18/07/2023

Journalists to be exempt from ‘Glory to Hong Kong’ ban if government wins legal bid

Journalists will be allowed to report on, refer to or make observations about song in course of news gathering, interviews and commentaries.

Posted on 18/07/2023

Planned Hong Kong tech hub may apply ‘innovative’ immigration arrangements to facilitate cross-border travel

Hong Kong’s San Tin Technopole, an ambitious plan to create a huge technology hub near Hong Kong’s border with mainland China, may adopt “innovative immigration clearance arrangements” to allow people ...

Posted on 18/07/2023

NWD-backed HK Startup Rice Robotics Gets US$7M in Pre-Series A Funding

Rice Robotics, a Hong Kong-based start-up backed by NEW WORLD DEV (00017.HK), successfully secured US$7 million in pre-Series A funding, a portion of which has been allocated to establish a production ...

Posted on 18/07/2023

China AI Chip Firm Targeting Nvidia Seeks Hong Kong IPO in 2023

Chinese chip startup Shanghai Biren Intelligent Technology Co. is considering an initial public offering in Hong Kong as soon as this year, according to people familiar with the matter, aiming to ...

Posted on 18/07/2023

Exclusive: China’s CITIC to move dozens of Hong Kong bankers to mainland to cut costs -sources

China's CITIC Securities plans to move dozens of bankers from its offshore platform CLSA in Hong Kong to the mainland to cut costs and meet Beijing's call to bridge income inequality in the financial ...

Posted on 18/07/2023

Brace for more mortgage pain as HSBC, Hong Kong peers seen lifting prime rates with the Fed odds-on to tighten policy again

The upshot is that it could help stem capital flight to higher-yielding US dollar assets. HSBC, Standard Chartered, Bank of China (Hong Kong) (BOCHK) and their peers are likely to bump up their prime ...

Posted on 18/07/2023

Hang Seng expands remote account opening service to HK companies with mainland shareholders

Hang Seng Bank is now offering commercial banking e-Sign Service for mainland customers, becoming the first bank in Hong Kong to offer this service. It is also expanding the scope of its business ...

Posted on 18/07/2023

HSB to Offer Commercial Banking e-Sign Service for Mainland Customers

HANG SENG BANK (00011.HK) expressed that, to assist companies that wish to expand their business in Hong Kong, Hang Seng is the first bank in the city to provide mainland customers with a Commercial ...

Posted on 18/07/2023

Illegal drugs seized at Hong Kong airport surged by 80 per cent to 2.3 tonnes worth HK$970 million in first half of year, customs says

Customs officers at Hong Kong International Airport seized nearly 2.3 tonnes (2.5 tons) of illegal drugs discovered in cargo consignments and among passengers in the first half of this year, an ...

Posted on 18/07/2023

Think Business, Think Hong Kong Concluded Successfully

Over 2,000 Business Buyers From ASEAN Keen to Leverage Hong Kong Platform BANGKOK, - (NewMediaWire) - July 17, 2023 - (ACN Newswire)-Organised by the Hong Kong Trade Development Council (HKTDC), the ...

Posted on 18/07/2023

To put wind back in Hong Kong’s sails, youth outreach must go full speed ahead

The government's youth development blueprint is a good start and paints a positive picture ... to integrate the city's ethnic minorities into the wider population As Hong Kong grapples with steering ...

Posted on 18/07/2023

Brace for more mortgage pain as Hong Kong lenders seen lifting prime rates with the Fed odds-on to tighten policy again

Eleven of 13 analysts surveyed by the Post on Monday expect Hong Kong lenders to increase their prime rates by at least 12.5 basis points next week Higher borrowing costs will burden consumers with ...

Posted on 18/07/2023

Shock as Man Accidentally Books To Stay in One of Hong Kong’s ‘Coffin Homes’

The property that Wei shows in the video, which contains some expletives, is relatively luxurious compared to some of the permanent residents of other "coffin homes," who often have to share a bathroom with multiple other residents, and sometimes don't have a bed, and resemble a horizontal cupboard rather than a room.

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