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Posted on 08/11/2023

6 hopes and fears from Hong Kong’s workforce for employers to know

Two in four (44%) Hong Kong employees surveyed strongly believe that AI can help them to increase their productivity at work, as compared to their APAC (41%) and global (31%) counterparts. As 2023 ...

Posted on 08/11/2023

Hong Kong economy to grow by 3-4 per cent this year on slower-than-expected recovery in tourism and trade, finance chief warns

Financial Secretary Paul Chan says ongoing weakness in exports and fewer tourists in city have affected economy.

Posted on 08/11/2023

Four men rob Hong Kong jewellery dealer after crashing into his car on California expressway

A jewellery dealer from Hong Kong was robbed by a group of men in the US after they crashed their vehicle into his car, according to the California Highway Patrol. Four men in black ski masks driving ...

Posted on 08/11/2023

Thieves smash into car on the 10 Freeway and rob the driver, a jewelry dealer from Hong Kong

Thieves smashed into an Alfa Romeo on the freeway last month and robbed the driver, a jewelry dealer who left the U.S. the next day. No arrests have been made.

Posted on 08/11/2023

WuXi XDC eyes $470.5M IPO to fuel manufacturing expansions at home and abroad

WuXi XDC is planning to sell 178.45 million in shares in an upcoming Initial Public Offering (IPO) in a bid to rake in 3.68 billion Hong Kong dollars ($470.5 million), according to a prospectus filing (PDF). The stock is expected to start trading on the ...

Posted on 08/11/2023

Bankers sound alarm on more inflation, new financial crisis at Hong Kong summit

As more than 300 banking and investment executives gathered in Hong Kong to discuss “living with complexity” in the financial world, they ended up trading trepidations about an uncertain future. “My ...

Posted on 08/11/2023

Ex-UBS employee in Hong Kong jailed for 7 years for HK$14.7 million theft, money laundering amid Covid pandemic

A former UBS associate director in Hong Kong has been jailed for seven years for stealing HK$14.7 million (US$1.9 million) and laundering part of the illegal proceeds through the purchase of luxury ...

Posted on 08/11/2023

Hong Kong man dies, woman injured after motorbike crashes into flower bed

Driver, 23, killed after being flung from motorbike on Tam Kon Shan Road; passenger undergoing treatment at hospital for multiple injuries.

Posted on 07/11/2023

Hong Kong’s proximity to mainland China, ESG regulations put city in front to become green finance hub: fund managers

Hong Kong is a natural gateway to mainland China, where the funding needs to align businesses with ESG requirements are huge, Amundi's Valerie Baudson says; Hong Kong has mandator ...

Posted on 07/11/2023

Hong Kong economy to grow by 3-4% this year on slower-than-expected recovery in tourism and trade, finance chief warns

Financial Secretary Paul Chan says ongoing weakness in exports and fewer tourists in city have affected economy Chinese Vice-Premier He Lifeng tells high-powered summit that Hong Kong has Beijing's ...

Posted on 07/11/2023

China vows to ‘go all out’ to highlight Hong Kong’s role as key link between mainland and rest of the world

China's financial officials promised to "go all out" to highlight Hong Kong's "unique advantages" as Asia's financial powerhouse and as the mainland's link to the rest of the world. "Hong Kong has ...

Posted on 07/11/2023

Chinese leaders defend state of economy at global finance summit in Hong Kong

A trio of senior Chinese officials used a financial summit in Hong Kong on Tuesday to defend the state of the world’s second largest economy, telling Wall Street’s top executives that there was little ...

Posted on 07/11/2023

Wall Street CEOs Flocked to Hong Kong—and Kept Quiet on China

U.S. bankers, in the city for a conference, said almost nothing about mainland China—and even less about the geopolitical tensions that have made their jobs harder.

Posted on 07/11/2023

Banking chiefs say market vulnerable to ‘geopolitical escalation’, regulatory push

By Selena Li HONG KONG (Reuters) -Top global banking chiefs on Tuesday said they are concerned the financial sector's next crisis may come from rising geopolitical uncertainty which could test ...

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