Hong Kong is to test connecting China's digital yuan with its domestic payments network, officials said on Tuesday, the second stage of experiments of China's digital currency in the financial hub. ( read original story ...)
New Priorities for Finance Leaders in the Next Normal
The Covid-19 pandemic has forced companies to adopt new methods of doing business in order to survive. Employees have been required to work remotely and business plans have been completely altered. ( read original story ...)
Government, SOEs poured R49-billion into criminal enterprises
Investigator Paul Holden has given a stupefying account of billions of rand paid from state-owned entities and other governmental organisations into a complex local laundromat. ( read original story ...)
Hong Kong shares rise at start
Hong Kong stocks opened higher Tuesday morning following the previous day's losses, with investors now turning their attention to the release of US inflation data later in the week. The Hang Seng ... ( read original story ...)
David Ferraris ‘over the moon’ for son Luke as Hong Kong reunion beckons for famous racing family
David Ferraris is “over the moon” following the news son Luke will join the Hong Kong riding ranks next season as a mini-reunion looms for the famous South African racing ... ( read original story ...)
Hong Kong devolving into economic monoculture
A young trader at the Hong Kong branch of a mainland brokerage learned five years ago what matters most in local finance. At a 2016 annual meeting, executives told his team just how critical access to ... ( read original story ...)
Sensex, Nifty start on choppy note
Equity benchmarks Sensex and Nifty started on a choppy note on Tuesday amid tepid cues from global markets. The 30-share BSE index was trading 54.44 points or 0.10 per cent higher at 52,382.95 in ... ( read original story ...)
Digital Banking: Hong Kong’s WeLab Bank Surpasses 100,000 Clients, Reports Strong Q1 2021
Hong Kong based WeLab Bank, a newly-launched digital bank, reports that its total number of clients has exceeded 100,000 (registered users). As noted in a release shared with CI: 'Riding on the strong ... ( read original story ...)
Fitch Rates China Everbright Bank HK Branch’s Proposed USD Notes ‘BBB(EXP)’
Fitch Ratings has assigned an expected rating of 'BBB(EXP)' to China Everbright Bank Company Limited's (CEB, BBB/Stab ... ( read original story ...)
HSBC appoints Hitendra Dave as India CEO; Rosha moves to HK
Dave succeeds Surendra Rosha, who after three years is moving to Hong Kong as the co-chief executive of HSBC, Asia-Pacific. ( read original story ...)
Flat hikes to do in summer in Hong Kong – get outdoors in the heat without the steep climbs
Still enjoy Hong Kong’s Country Parks this summer, but avoid the exposed steep climbs in the heat by heading on flat hikes. ( read original story ...)
Hong Kong risks its global finance status over Covid isolation
There has been more outspoken criticism of Hong Kong government policy from business and finance circles in the past two months than in two years of political and social turmoil. A slow Covid-19 ... ( read original story ...)
China’s tech crackdown cooling Hong Kong IPO market
New Hong Kong listings are tracking at their slowest pace since the aftermath of the global financial crisis, as weaker markets and China's clampdown on its biggest tech firms chill sentiment.. Read ... ( read original story ...)
Hong Kong securities watchdog has stepped up scrutiny to avoid Archegos-like meltdown in city, deputy CEO says
The Hong Kong securities watchdog has stepped up surveillance of prime brokers and over-the-counter markets to prevent a meltdown in Hong Kong such as that of Bill Hwang’s Archegos Capital Management. ( read original story ...)