HSBC’s exit from the French retail market has been thrown into doubt after Cerberus Capital said it will need to stump up more cash to fund the transaction as a result of rising interest rates. In ...
HSBC Warns France Sale In Jeopardy Over Capital Concerns
HSBC's planned sale of its French retail banking business to Cerberus-backed My Money Group may fall through due to interest rate rises in France that have boosted the amount of capital the buyer will ...
Hong Kong ice hockey body advises other sport associations on how to avoid anthem blunders ahead of handing in report
Before departure tell organisers that searching for anthem online will produce incorrect results, says team leader.
Meet the 31-year old VC and self-made millionaire who faced Hong Kong loan sharks and his own fear of death
Maurice Ng came to the US with nothing after fleeing Hong Kong. Now he's raising $100 million to back founders with "an underdog psychology." ...
Is Indonesia’s IPO future as bright as it looks, as Harita Nickel makes glittering public debut?
Jakarta’s stock exchange proving to be a bright spot amid stuttering global IPO market, with nickel producer’s debut underlining appetite for electric vehicle battery sector.
Hong Kong Banks Are Netting Crypto Customers as City’s Push Gains Steam
Lenders in the city are looking to fill a vacuum left by the failures of crypto-friendly U.S. banks.
Hong Kong ice hockey body advises other sport associations on how to avoid anthem blunders ahead submitting report
Tell organisers before team departs that searching for anthem online will produce incorrect results, team leader says Ice hockey body prepares to submit report next week detailing plans to improve its ...
U.S.-Listed Chinese Fintech Lufax Debuts in Hong Kong
Hong Kong had its latest “homecoming” listing of a U.S.-traded Chinese company on Friday. Shares of Lufax, a Chinese internet-lending company backed by insurance giant Ping An Insurance, debuted on ...
Afternoon tea from The Peninsula on a Star Ferry, and 2-day suspension of its ban of pet dogs, as Hong Kong icon ups its PR game to stay afloat
The Hong Kong Star Ferry company was badly hit by the Covid-19 pandemic that choked the flow of tourists and reduced commuting, and recently raised its fares Now it's branching out, serving Peninsula ...
Hong Kong stocks waver as mainland China funds buy big-cap tech while Fed rate outlook improves
Hong Kong stocks wavered even as mainland China funds supported big-cap tech companies while major corporate insiders retreated. Slowing price gains in the US fuelled hopes the Federal Reserve will ...
New Hong Kong regulatory regime a ‘high-speed motorway’ for firms looking to redomicile in city, minister says
Hong Kong will introduce a new regulatory regime that makes it simple and easy for overseas companies to redomicile in the city, according to a consultation paper issued by the government on Friday.
Hong Kong’s Largest Virtual Bank Starts Crypto to Fiat Services
Hong Kong’s largest virtual bank, ZA Bank, has revealed that it will allow users to exchange cryptocurrencies for fiat currencies and offer banking services to digital asset firms in the city. The ...
French companies are ready to expand in Hong Kong, Greater Bay Area as Macron cements China ties, state official says
Some of the biggest French companies are willing to expand in Hong Kong, Greater Bay Area, says Gerald Wolf, a government adviser French population in the city shrank more than 20 per cent to about 11 ...
Hong Kong needs to offer incentives to compete with Singapore, Bermuda as international insurance hub, HKFI says
Hong Kong needs to follow Singapore’s example and offer more incentives to international insurers if it wants them to set up their regional headquarters in the city, HKFI says.