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Posted on 04/04/2023

Italian financial consultant in Hong Kong duped out of more than HK$14 million in bogus cryptocurrency investment as part of love scam

Man, 55, had responded to Tinder message from con artist pretending to be female investment broker in Singapore The case is the latest in a string of similar crimes with losses for each totalling more ...

Posted on 04/04/2023

Hong Kong’s Workforce Sees Its Biggest Drop in Almost 40 Years

Hong Kong’s labor market has seen its sharpest drop on record, underscoring the city’s challenges with an aging population and outflow of talent. Most Read from BloombergChina’s Yuan Replaces Dollar ...

Posted on 04/04/2023

Hong Kong experiences largest workforce decline in 40 years. Here’s why

Hong Kong is running an uphill battle as the government seeks to kick-start an economy that recorded its third annual contraction in four years. Hong Kong’s labor market has seen its sharpest drop on ...

Posted on 04/04/2023

Hong Kong property deals likely to dip in April as used home sales lose ground, says Ricacorp

The number of deals is likely to dip slightly after a three-month rally pushed transactions to a 20-month high in March The second-hand market will see its market share fall as buyers are drawn to new ...

Posted on 04/04/2023

Hedge Fund Snow Lake Quits Hong Kong After More Than a Decade

China-focused hedge-fund firm Snow Lake Capital Ltd. has left Hong Kong after 12 years of operating in the city, people familiar with the matter said.

Posted on 04/04/2023

Hong Kong intervenes to defend currency peg amid capital flight as Fed’s tightening bias surprises markets

The HKMA bought HK$7.1billion (US$905 million) on April 4 and sold the equivalent amount of US -currency to protect the currency trading band Traders have raised bets for a -50-basis point increase at ...

Posted on 04/04/2023

Hong Kong Intervenes in FX Market For First Time in Seven Weeks

The Hong Kong Monetary Authority bought the local dollar for the first time since mid-February after the currency slid past the weak end of its trading band.

Posted on 04/04/2023

Chinese Unicorn XTransfer Expands in Hong Kong Amid Fintech Recovery

XTransfer, a cross-border transactions and financial risk management startup backed by D1 Capital Partners, is expanding in Hong Kong to lure merchants as China’s fintech companies emerge from a lull.

Posted on 04/04/2023

Hang Seng delivers Leo Paper green financing

Hang Seng Bank has delivered a green receivables financing solution for Leo Paper Group, with an export credit insurance provided by Hong Kong Export Credit Insurance Corporation (HKECIC) that ...

Posted on 04/04/2023

Jockey Club supports Hong Kong Sevens to promote the city’s sports development

The Hong Kong Jockey Club offers its warmest congratulations to the Hong Kong Rugby Union on the success of the Hong Kong Sevens, which concluded this evening (2 April) with an awards ceremony at Hong Kong Stadium.

Posted on 04/04/2023

Hang Seng Bank offers free taxi rides as part of rebranding campaign

Hang Seng Bank is offering free taxi rides for Hong Kong citizens, inviting the local community to "hop aboard" the new wave of its "Ever Growing, Ever Rewarding!" celebration. This comes as the brand ...

Posted on 04/04/2023

China urges U.S. to stop interfering in Hong Kong affairs: FM

China urges the US side to immediately stop issuing annual reports of Hong Kong and stop interfering in Hong Kong affairs and oth

Posted on 04/04/2023

HSBC forced to defend SVB UK deal to fractious Hong Kong shareholders

We’ll send you a myFT Daily Digest email rounding up the latest HSBC Holdings PLC news every morning. HSBC chair Mark Tucker has been forced to defend the purchase of Silicon Valley Bank’s UK business ...

Posted on 04/04/2023

Syngenta’s US$9.5 billion IPO in China remains in limbo after unexplained last-minute cancellation of listing meeting

The seed and agrichemical producer, controlled by China National Chemical Corp, has received no official explanation, nor any word on next steps, leaving traders to speculate about the reason behind ...

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