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Posted on 19/08/2024

Hong Kong issues generative AI guidelines to banks to avoid bias against consumers

The Hong Kong Monetary Authority’s new guidelines say the boards of financial institutions should be accountable for AI-driven decisions.

Posted on 19/08/2024

Hong Kong Monetary Authority task force to help SMEs struggling to repay loans

The Hong Kong Monetary Authority (HKMA ... The city’s de facto central bank said on Monday that it would put together a team from among its staff to help small and medium-sized enterprises (SMEs), ...

Posted on 19/08/2024

Hong Kong Monetary Authority to create task force to support struggling SMEs repaying loans

The Hong Kong Monetary Authority (HKMA) will set up a task force to help small and medium-sized businesses facing pressure to repay loans, but industry leaders have expressed doubts over the measure ...

Posted on 19/08/2024

Three Undiscovered Gems In Hong Kong For Savvy Investors

As global markets continue to navigate a complex landscape, the Hong Kong market has shown resilience with the Hang Seng Index up 1.99% recently, reflecting cautious optimism among investors. Amid ...

Posted on 19/08/2024

{Block Trade}CM BANK (03968): 11.05m shares, or HK$371.31m

The deals amounted to HK$371.31m, or at HK$33.6 per share, 0.9% higher than previous close. CM BANK is now trading up 1.05% to HK$33.65, with 20.9 million shares of HK$701.88m ...

Posted on 19/08/2024

Hong Kong’s past heatwaves potentially contributed to 1,677 excess deaths

University of Hong Kong researchers share projection from yet-to-be-published study, urge authorities to develop action plan for heatwaves.

Posted on 19/08/2024

Hong Kong’s newborn twin pandas ‘stable but still fragile’, says Ocean Park head

Chairman Paulo Pong promised more updates in the coming days but warned that the public would only be able to meet them in a few months.

Posted on 19/08/2024

City should jail takeover cheats, says wronged Hong Kong tycoon

“The panel needs more teeth,” said Anson Chan, a Hong Kong property tycoon who is a director of Pyrrho. “Where people are determined to have lied to the panel deliberately it should be criminal ...

Posted on 19/08/2024

HSBC HOLDINGS Buys back ~5M Shrs for HKD330M in Total Last Fri

HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.9997 million shares of the company on the UK and Hong Kong markets last Friday (16th), involving a total of HKD330 million. Of these ...

Posted on 19/08/2024

{Hot Stocks}NEW WORLD DEV(00017) quoted at HK$7.52, up 3.2%

with volume weighted average price of HK$7.446. HSBC SEC BRO (ASIA) accounts for greatest net responsive selling turnover of HK$3.76m, with volume weighted average price of HK$7.431. The stock has ...

Posted on 19/08/2024

60% of Hong Kong workers against importing more labour from outside city, survey finds

More than 60 per cent of Hong Kong workers have expressed their opposition to importing more labour to ease widespread manpower crunches, citing concerns about employment prospects and further pay ...

Posted on 19/08/2024

Trading of Best Mart 360 shares resumes on Hong Kong stock exchange after arrest of CEO

Trading of major snack company shares resumes after brief suspension on Friday, after arrest of CEO Hui Chi-kwan for alleged bribery offence.

Posted on 19/08/2024

Hong Kong’s 4-day-old panda twins stable but ‘a little fragile’: Ocean Park chief

Ocean Park chairman Paulo Pong promises more timely social media updates on first locally born pandas, says they are eating and excreting well.

Posted on 19/08/2024

Hong Kong Shares Rise Amid Positive Asian Market Momentum

Hong Kong shares surged on Monday, driven by optimism that the U.S. economy may avoid a recession and signs of government support boosting Shanghai-listed banks to record highs. The Hang Seng Index ...

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