HSBC has responded to an email scam that saw money stolen from customers using its PayMe system by adding extra layers of security to the e-wallet app. On Friday, Hong Kong’s biggest bank said users w... ( read original story ...)
Club Med’s Chinese owner Fosun Tourism raises $428 million in HK IPO
HONG KONG (Reuters) - China’s Fosun Tourism Group, operator of the Club Med holiday business, on Friday said it has raised $428 million in its initial public offering (IPO), pricing shares at the bott... ( read original story ...)
Fosun Tourism Raises $426 Million in Hong Kong IPO
Fosun Tourism Group, a unit of billionaire Guo Guangchang’s drugs-to-insurance conglomerate, raised HK$3.34 billion ($426 million) after pricing its Hong Kong initial public offering at the bottom of ... ( read original story ...)
A 32-year-old high school dropout created Hong Kong’s first billion-dollar start-up
Steven Lam always had an entrepreneurial spirit. From teaching himself to fix bikes, to selling electronics and serving hot dogs, the high school dropout got creative in his teens to progress up from ... ( read original story ...)
HSBC deploys dementia specialist staff in Hong Kong amid rapidly ageing population
HSBC has become the first bank in Hong Kong to deploy staff with specialist knowledge in dementia to help sufferers overcome difficulties managing their finances. The move comes after a survey found m... ( read original story ...)
HSBC deploys dementia specialist staff in Hong Kong amid rapidly greying population
HSBC has become the first bank in Hong Kong to deploy staff with specialist knowledge in dementia to help sufferers overcome difficulties managing their finances. The move comes after a survey found m... ( read original story ...)
Hong Kong interbank rates nearing 2008 highs as HKD rises
Market expectations that the U.S. Federal Reserves will hike rates this month have also been a big reason for the spike in Hibor, said Linan Liu, a Hong Kong-based rates strategist at Deutsche Bank. H... ( read original story ...)
As property prices in Hong Kong fall, public support for the government will rise
The latest data from the Rating and Valuation Department shows the local property market is facing increasing downward pressure. Investment banks generally forecast a 15 to 20 per cent reduction in pr... ( read original story ...)
Hong Kong micro flats will bear the brunt of price slump, says CK Asset executive
Micro-flats, once all the rage in Hong Kong because of their affordability, would bear the brunt of the city’s property price slump, said an executive of CK Asset Holdings, one of the city’s biggest d... ( read original story ...)
Hong Kong Blockchain Startup Hires China’s Bitcoin Evangelist After He “Quits”
Although China has continued to relentlessly clamp down certain subsets of the crypto industry, the nation’s blockchain scene continues to swell at an unbridled pace, backed by hotshot entrepreneurs, ... ( read original story ...)
Hong Kong passport is now the world’s 13th most powerful, according to Arton Capital’s global index
Within Asia, the Hong Kong Special Administrative Region passport was placed sixth, according to the report. It was behind those from the United Arab Emirates (UAE) – which was also the world number o... ( read original story ...)
Asian Banker names BOC among top 500 Strongest and Largest Banks in Asia Pacific Region for 2018
Citi Bank (Hong Kong), Commonwealth Bank of Australia, ANZ Bank of New Zealand and many others. “With this latest ranking BOC has set an unparalleled benchmark in the Sri Lankan banking industry as th... ( read original story ...)
Hong Kong Fears Trump Will End Special Trading Status
(Bloomberg) -- Hong Kong business groups are starting to worry the Trump administration will open the door to ending the financial hub’s preferential trade status, rendering it “just another Chinese c... ( read original story ...)
Hong Kong is planning a $60 billion city in the sea nearly everyone opposes
The foundation commissioned consulting firm McKinsey and others to research their plan, and announced in August that in the “best-case” scenario the first inhabitants could move into housing in 11 yea... ( read original story ...)