HSBC's Q3 earnings report revealed robust core operational results, despite 2022's bear market. See why we assign a significant risk premium to the stock. ( read original story ...)
2 men in Hong Kong arrested over laundering HK$3.5 billion after withdrawal of 8.4 tonnes of precious metal from security vault
Authorities say huge amount of money handled through suspects' bank accounts incommensurate with their backgrounds and financial status Officials investigating if the haul of precious metal, mostly ... ( read original story ...)
Hong Kong – 2022 Global Bank Review – Banking On People.
We are excited to announce the launch of the 2022 Global Bank Review: Banking on People. Surveying the current landscape of the financial sector in late 2022, it is hard to avoid the sense of an ... ( read original story ...)
Hong Kong arrests two in $446 million money-laundering case
Precious metals can be bought and sold anonymously in Hong Kong - Copyright AFP/File DAVID GRAY Precious metals can be bought and sold anonymously in Hong Kong ... ( read original story ...)
Hong Kong SaaS start-up WATI collects US$23 million Series B from Shopify, Tiger Global in bets on Southeast Asia growth
WATI becomes the latest Hong Kong-based software-as-a-service (SaaS) start-up to collect new funding from big-name global investors International investors are betting on the rapid digital ... ( read original story ...)
Hong Kong schools get more in-person teaching as Covid-19 rules ease
Primary schools can apply for full-day face-to-face classes starting Dec 1 if 70% of students are double-vaccinated. Read more at straitstimes.com. ( read original story ...)
Hong Kong Rout Threatens $15 Billion Derivatives Held by Koreans
The latest tumble in Hong Kong stocks puts at risk of losses the around $15 billion of complicated structured products linked to that market that have mostly been sold to retail investors in South ... ( read original story ...)
Security tokens can ‘revolutionise’ how Hong Kong, Greater Bay Area property developers fund mega projects, says report
Security token offerings (STOs) could ‘revolutionise’ the way developers raise capital to fund their projects, providing a shot in the arm for the property markets of Hong Kong and the Greater Bay ... ( read original story ...)
Old Boys’ Club at Hong Kong Banking Summit Puts Women on Sidelines
As pandemic restrictions lift, indoor performances and dancing are back in Hong Kong. So is the finance world’s old boys club.Most Read from BloombergAdidas Cuts Ties With Ye, Absorbing €250 Million ... ( read original story ...)
China syndrome is a constant worry for HSBC
What HSBC boss Noel Quinn sees as opportunities are, for others, good reasons not to invest in his sprawling bank. It’s what comes with running an amorphous political football with a near-$3 trillion ... ( read original story ...)
Chinese University of Hong Kong president agrees to drop crest redesign after pro-Beijing lawmakers complain of ‘lack of consultation’
with trio of lawmakers appointed to body saying they have demanded independent investigation into redesign University unveiled new crest last week without properly consulting council in 'black box ... ( read original story ...)
Hong Kong stock market volatile but operations running smoothly, city leader John Lee says as shares bounce back
Chief executive speaking a day after the worst sell-off in stocks locally since the 2008 global financial crisis John Lee says he has a 'strong response plan' up his sleeve to counter different sorts ... ( read original story ...)
Analysis: HSBC’s direction in question after Elhedery’s sprint to CEO contender
Georges Elhedery's appointment as HSBC's chief financial officer caps a journey that's taken him from war-torn Lebanon to frontrunner for the top job at Europe's biggest bank. It’s also surprised ... ( read original story ...)
Coronavirus: Hong Kong government set to amend law giving it power to nullify ‘problematic’ jab exemptions
Executive Council backs decision to amend legislation to give secretary for health powers to invalidate certificates. ( read original story ...)