according to a survey by the Hong Kong Securities Association. Banks such as HSBC and Standard Chartered Bank are leveraging AI-powered chatbot platforms to answer enquiries by customers, trhjoining a growing global trend which is seen as offering improved ... ( read original story ...)
Hong Kong regulator imposes fine on UBS for trading control failure
The latest SFC action comes nearly two weeks after UBS said the Hong Kong regulator had blocked it from sponsoring IPOs for 18 months. The suspension, which the Swiss bank is appealing, is not effective until its appeal has been ruled upon. The Swiss bank ... ( read original story ...)
Hong Kong Stock Exchange Looks to ASX for Blockchain Equity Settlement
The Hong Kong Stock Exchange (HKEX ... As reported by CoinDesk, the ASX announced last December that, using technology developed by blockchain startup Digital Asset, it has become the first stock exchange to have shifted one of its main services to ... ( read original story ...)
Hong Kong school bands nurture future leaders with life lessons onstage
As pop superstars Bruno Mars and Katy Perry will no doubt show during their springtime concerts in Hong Kong, one thing counts above all others when you’re up on stage. That’s to have a great time and make sure the audience does too. Achieving that ... ( read original story ...)
Hong Kong equities higher despite caution ahead of Fed meeting
Stocks in Hong Kong rose on Wednesday with investors shrugging off cautious sentiment ahead of a highly anticipating meeting of the US central bank. The Hang Seng index rose 1.1 per cent at the open in Hong Kong with China-linked stocks the among the ... ( read original story ...)
Hong Kong Exchange’s Big Bet on China Is Suddenly Under Threat
In an interview with Bloomberg News in June, the HKEX chief said additional trading links, including those for ETFs, derivatives and commodities, would see Hong Kong become a “global deployment center’’ for Chinese wealth. He added that the IPO link ... ( read original story ...)
Mainland official agrees with Hong Kong poll ban for anyone decrying ‘one-party dictatorship’
Concerns over further political vetting in Hong Kong elections mounted on Tuesday as a mainland official said city residents who call for an end to “one-party dictatorship” in China might be disqualified from running for local office. Chen Sixi ... ( read original story ...)
Hong Kong gets its own news aggregator app
Hong Kong has witnessed the launch of a news aggregator app called ‘Hong Kong Headline’. The mobile app has sparked chatter that it could pose a threat to traditional media, particularly the free newspaper Headline Daily. The new ‘Hong Kong ... ( read original story ...)
Hong Kong Regulator Shuts Down ‘Black Cell’ ICO
Whilst the SFC has in the past issued warnings to companies, today’s news marks the first intervention to shut down an ICO in Hong Kong. Black Cell Technology are developing a mobile-based food marketplace named Krops, which they believe will simplify ... ( read original story ...)
Hong Kong taxi drivers threaten to ‘defend’ their rights if police don’t crack down harder on Uber
Hong Kong’s taxi driver alliance on Tuesday dug in its heels over ride-hailing services, claiming that police had promised to come down harder on Uber and warning that if enforcement was lax, cabbies would act to “defend” their rights. The ... ( read original story ...)
Next on Hong Kong’s property market: flats with one fireproof shelter per floor
The first private housing estates featuring fireproof shelters on each floor, which will give elderly or disabled people a place to hide if a blaze breaks out, are expected to go on sale in the second half of this year, the Post has learned. But having ... ( read original story ...)
Hong Kong Real Estate Is Unsinkable but Property Stocks Are Treading Water
Hong Kong’s red-hot property sector isn’t showing signs of cooling, but shares of local real-estate developers aren’t keeping pace. Home prices in the city of 7.4 million people have nearly tripled since 2009, jumping nearly 17% last year alone ... ( read original story ...)
Hong Kong stocks barely changed ahead of Fed meeting
At close, China’s A-shares were trading at a premium of 26.18 percent over the Hong Kong-listed H-shares. ** The price-to-earnings ratio of the Hang Seng index was 13.49 as of the last full trading day while the dividend yield was 2.7 percent. ( read original story ...)
Hong Kong’s private sports clubs told to pay higher land costs reflecting market rates – but only from 2027
After years of cushy rental deals from the government, Hong Kong’s elite sports clubs operating 27 facilities will have to stump up one-third of the market value of each site to renew their leases – but this rule will only kick in nine years later in 2027. ( read original story ...)