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Posted on 19/06/2023

HSBC among five banks teaming up with ECIC to widen insurance coverage to private mainland buyers in boost for Hong Kong exporters

HSBC, DBS, Hang Seng Bank, Bank of China (Hong Kong) and Bank of East Asia – have teamed up with government-backed ECIC to offer the city’s exporters better coverage for payment defaults by mainland ...

Posted on 19/06/2023

Hong Kong’s new dual counter scheme ‘solidifies’ city’s role as yuan trading hub, HKEX CEO says

Investors in Hong Kong will soon be able to trade selected Hong Kong stocks in both the Hong Kong dollar and Chinese yuan in the so-called dual counter scheme.

Posted on 19/06/2023

KKR-backed Chinese baijiu maker ZJLD Group aims at nationwide product roll-out after completing Hong Kong’s biggest IPO this year

ZJLD Group is China's fourth-largest baijiu distiller and raised HK$5.3 billion ($675 million) via Hong Kong's biggest IPO this year China's fourth-biggest privately-owned distiller is betting on its ...

Posted on 19/06/2023

HKEX’s new dual counter scheme ‘solidifies’ Hong Kong’s role as yuan trading hub, CEO says

Investors in Hong Kong will soon be able to trade selected Hong Kong stocks in both the Hong Kong dollar and Chinese yuan in the so-called dual counter scheme.

Posted on 19/06/2023

Slain Hong Kong model Abby Choi mourned at pink-themed funeral

Hundreds of relatives and friends turned up at the funeral of Abby Choi on Sunday to mourn the late Hong Kong model, with floral tributes flowing in from some of the city’s most well-known celebrities ...

Posted on 19/06/2023

Hong Kong and UAE central banks explore closer financial ties to promote investments

Bye to the West? Hong Kong banking on Gulf business diversification HKEX CEO Nicolas Aguzin and chairwoman Laura Cha Shih May-lung have also undertaken several trips to Middle East this year to ...

Posted on 19/06/2023

AstraZeneca Drafts Plan to Spin Off China Business, FT Says

AstraZeneca Plc has drawn up plans to spin off its China business and list it separately in Hong Kong, the Financial Times reported, citing people familiar with the talks.

Posted on 19/06/2023

McDonald’s worker arrested in Hong Kong after allegedly attacking manager with 2 knives in restaurant

Hong Kong police have arrested a McDonald’s worker after he allegedly attacked a manager with two knives at a restaurant in Western district, leaving him in critical condition. A picture circulating ...

Posted on 19/06/2023

Independent Reserve plans Hong Kong office, explores further Southeast Asia expansions

Independent Reserve may have a new Hong Kong office in the “next few months,” the Singapore chief of the Australian crypto exchange said in an exclusive interview. Focusing on institutional clientele, ...

Posted on 19/06/2023

AstraZeneca Planning China Business Spin off -FT

Drugmaker AstraZeneca is drafting a plan to spin off its China business, and listing a separate unit in Hong Kong is being viewed as an option, the Financial Times reported on Sunday. "A separation ...

Posted on 19/06/2023

Hong Kong is under unfair attack from Europe and the US

Criticism of city's record on rights and human trafficking is politically motivated, as anyone who comes here for business or pleasure can see for themselves Hong Kong has cemented its role as a ...

Posted on 19/06/2023

How Hong Kong’s multinationals and global funds are preparing for the worst

There are two areas in which Hong Kong is likely to provide both early and regular indicators of where the thinking of global funds and multinational corporations has moved on China risk. Watch Hong ...

Posted on 19/06/2023

Man who stayed in one of Hong Kong’s ‘coffin homes’ couldn’t even fit on the bed

A man stayed in one of the 'coffin homes' in Hong Kong and it was so small that he couldn't even fit on the bed.

Posted on 18/06/2023

Hong Kong-listed stocks are about to be priced in yuan, giving China’s currency another boost

Two dozen stocks, including Alibaba and Tencent, will be priced and traded in the yuan and the Hong Kong dollar on Monday.

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