The fallout from the implosion of Silicon Valley Bank (SVB) has reached Hong Kong's shores, prompting the local monetary authority to assure depositors that the city's banking system is sufficiently ...
Chinese start-ups scramble for alternatives to SVB
Stunned by the sudden collapse of Silicon Valley Bank, the main go-to foreign bank for the majority of Chinese start-ups, entrepreneurs and venture funds are scrambling for alternatives despite U.S.
Hong Kong Martial Arts Legend Sammo Hung Recalls Casting Michelle Yeoh in Her First Role
Veteran Hong Kong martial arts director Sammo Hung first saw Michelle Yeoh in early 1984 when she arrived for a screen test with hopes of landing her very first role, a bit part in the action comedy ...
Oscars: Michelle Yeoh’s Historic Best Actress Win Celebrated by Hong Kong, Malaysia Film Industries
"She has blazed a path for us all," says rising Hong Kong actress Louise Wong, star of local blockbuster 'A Guilty Conscience.' ...
HSBC launches digital account opening service for foreigners
HSBC has introduced a new service that allows foreign passport holders to open a bank account in Hong Kong remotely using their mobile phone in a process that takes less than 10 minutes. The service ...
SVB collapse will have limited impact on Asia, but one analyst says it could be a warning sign
The latest measures announced by U.S. regulators, who say deposits will be protected, are seen as likely to contain the risk of contagion.
Prognosis: Did Years of Masks Impact Hong Kong Kids’ Learning?
Hi, it’s Jinshan in Hong Kong, where we’re just starting to learn more about about how three years of compulsory mask-wearing impacted kids’ ability to learn. But before we get to ...
UPDATE 1-Silicon Valley Bank not a lender, fund issuer in Hong Kong: securities and banking regulator
Silicon Valley Bank (SVB) does not operate a local banking business nor does it have a substantial shareholding in any licensed corporation in Hong Kong, the market's banking and securities regulators ...
Freedom of expression put to the test in Hong Kong with a major LGBTQ+ exhibition
Spectrosynthesis III is called "the first major survey exhibition on LGBTQ+ perspectives in Hong Kong." It tests the waters for free speech in a city that is changing quickly. It is the third show in ...
Billionaire Li’s FWD Filing HK IPO Application Again, Sources Say
FWD Group Holdings Ltd., the pan-Asian insurance company owned by Hong Kong billionaire Richard Li, is planning to file for a third time for an initial public offering in the financial hub, according ...
HSBC swoops in as white knight for Silicon Valley Bank, buys collapsed lender’s UK unit for £1
"This acquisition makes excellent strategic sense for our business in the UK," HSBC's CEO Noel Quinn said in a statement The deal, which has already been completed, excluded assets and liabilities of ...
Gross premiums of HK general insurance soar 4.5% in FY2022
The industry earned $64.6b. The Hong Kong Insurance Authority (IA) reported a 4.5% growth in the total gross premiums of the city’s general insurance business for the full fiscal year (FY2022) ended ...
After SVB failure, US acts to shore up banking system confidence
By Andrea Shalal, Howard Schneider and Pete Schroeder WASHINGTON/SINGAPORE (Reuters) - U.S. authorities launched emergency measures on Sunday to shore up confidence in the banking system after the ...
Hong Kong Firms’ Exposure to SVB Collapse Reaches About $200 Million; HKMA Steps In With Assurance
Beijing-headquartered biotech firm BeiGene, which had about $175 million in deposits at SVB was the worst hit among the Hong Kong-listed companies.