Paul Chan says authorities are working to help employers and prevent as many SMEs as possible from folding He doubles down on decision to tap into reserves, while urging banks to be considerate on ... ( read original story ...)
Hong Kong’s First Virtual Bank Selects Wolters Kluwer’s OneSumX for Regulatory Reporting
ZA Bank, the first virtual bank in Hong Kong, has chosen Wolters Kluwer’s OneSumX for Regulatory Reporting as its regulatory reporting software. OneSumX for Regulatory Reporting combines bank data ... ( read original story ...)
HK$310 million Japanese bank swindle biggest of year so far for Hong Kong police’s online crime specialists
The US branch of a Japanese bank has been tricked into transferring HK$310 million (US$40 million) into five Hong Kong bank accounts – one of the city’s biggest email scams of the year. A force ... ( read original story ...)
China bank balance sheets put to test by coronavirus impact
The current sharp economic downturn triggered by the coronavirus pandemic is the worst since China's largest banks adopted new accounting standards in 2018 -- in the case of banks listed in Hong Kong ... ( read original story ...)
Hong Kong is ‘highly resilient’ as it fights to save the economy in the pandemic, commerce secretary says
Hong Kong is fighting a "twin battle" of the coronavirus pandemic as well as saving its battered economy, but its recovery will be determined by when the world gets back on its feet, says the city's ... ( read original story ...)
Start-up Express 2020: A Journey To Success For HK Start-ups
Building connections, markets, partnerships and brand awarenessHONG KONG, Apr 6, 2020 - () - Start-up Express, a development programme launched by the Hong Kong ... ( read original story ...)
Hong Kong democrats reject Beijing’s warning over legislative stalling tactics as ‘interference’
Beijing has warned that Hong Kong’s pro-democracy lawmakers who use “malicious filibustering” to paralyse the legislature could be in violation of their oaths and guilty of misconduct in public office ... ( read original story ...)
Fintech Startup Dsdaq Raises a $1.5M Angel Round Funding led by Efftronics Asia and Draper Dragon Fund
GRAND CAYMAN, CAYMAN ISLAND / ACCESSWIRE / April 7, 2020 / Dsdaq , a Fintech startup incorporated in Oct, 2019, announced a $1.5 million angel investment from Efftronics Asia, a family investment ... ( read original story ...)
Hong Kong residents to get cash handouts around July, says commerce secretary
Hong Kong residents can expect to get their cash handouts around July this year as part of the government's "largest, unprecedented, single injection" into the economy amid the coronavirus pandemic, ... ( read original story ...)
Insurers may not cover business losses related to Hong Kong’s shutdown orders after lessons from Sars outbreak
Companies affected by shutdown orders may struggle to win business interruption insurance or force majeure claims against insurers, experts say Insurers have tightened on pandemic under such policies ... ( read original story ...)
Animal Crossing game removed from sale in China over Hong Kong democracy messages
Some players have used the game to create politically sensitive images and slogans which they share on social media ... ( read original story ...)
China Market Update: Alibaba HK Listing To Get New Shareholder, March Inflation Below Estimate
Key News Shanghai and Shenzhen were off -1.04% and -1.95% on Friday on moderate volume and news Hong Kong-listed China Telecom could be banned from doing business in the US. ( read original story ...)
How Hong Kong-Based Fashion Brand Sau Lee Reemerged From COVID-19
While we have been inundated with troubling headlines since COVID-19’s global spread, it’s refreshing to hear of a Hong-Kong-based brand that is up and running, after having experienced a ... ( read original story ...)
PPE Donations For Red Bank Police/Fire From Sen. Vin Gopal
Red Bank police and fire received a donation of masks, gloves and hand sanitizer from state Sen. Vin Gopal. Gopal volunteer Kinn Badger of Asbury Park dropping off PPE donations to local hospitals and ... ( read original story ...)