According to the finance secretary, Hong Kong will review its crypto regulations as needed to adapt to industry changes.
Airport Authority of Hong Kong reports net profit of HK$1.61 billion in 2023-24
Hong Kong airport has staged a strong post-pandemic recovery, bouncing back to a net profit of HK$1.61 billion in 2023-24 after three straight years of losses, with its management reviewing its debt ...
PwC names new China head amid regulatory scrutiny
PricewaterhouseCoopers (PwC) has named in-house executive Daniel Li as its new China head, a move that comes as it faces investigations by financial regulators in mainland China and Hong Kong. PwC ...
Sun Life, Hang Seng expand services for rich clients, tout Hong Kong’s family office push
Sun Life has teamed up with medical services operators to capture high-net-worth customers in the Greater Bay Area, while Hang Seng Bank added new features for its Prestige customers.
Hong Kong court adjourns winding-up trial of HNA Group by 6 weeks
Two separate lawsuits were filed earlier this year against the investment arm of HNA Group, which defaulted on a US$200 million bond in 2021 HNA Group (International), an investment arm of Chinese ...
HSBC HOLDINGS Buys Back Total ~8.05M Shrs for $550M Ytd
HSBC HOLDINGS (00005.HK) repurchased a total of 8.0486 million shares in the UK and Hong Kong markets yesterday (2nd), involving a total of $550 million, according to HSBC HOLDINGS' announcement. Of ...
Hong Kong grants visas to trio after HK$30 million investments under new residency scheme
Most of the amount, or 90 per cent, must be invested in financial assets such as equities on the Hong Kong stock exchange, debt securities, cash deposits, subordinated debts, eligible collective ...
China Market Update: Alibaba Reports $26 Billion In Buybacks Left, Hong Kong
Asian equities were mixed but mostly lower overnight as Hong Kong and Pakistan outperformed.
HSBC Buys back ~11.35M Shrs in Total in 2 Days for HKD775M
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 11.349 million shares of the company on the UK and Hong Kong markets on Friday (28 June) and yesterday (1 July), i... HSBC HOLDINGS ...
Chinese investors give Hong Kong the wealth management edge
Hong Kong’s growth as a wealth management centre has surged in recent months following modifications to the Wealth Management Connect regional market access scheme, with banks in the Asian financial ...
Hong Kong professor calls China’s crypto mining ban ‘unwise’, suggests opening up to digital assets
A professor at HKUST has questioned the logic of China’s cryptocurrency mining ban, suggesting that the government should embrace virtual assets amid geopolitical risks.
HSBC to freeze hiring, limits bankers’ travel in cost-cutting drive: Report
Certain business units have been instructed to pause hiring altogether, although this freeze is not intended to affect client-facing roles.
HSBC Freezes Hiring in Some Departments, Asks Bankers to Cut Travel & Entertainment Spending – Rumour
Citing sources, Bloomberg reported that HSBC HOLDINGS (00005.HK) is slowing down hiring, as outgoing CEO Noel Quinn tries to cut costs by asking investment bankers to reduce travel and entertainment ...
HSBC curbs hiring, reins in banker travel in cost-cutting push
HSBC is slowing down hiring and asking investment bankers to rein in their travel and entertainment expenses as outgoing Chief Executive Officer Noel Quinn looks to curb costs at Europe’s largest ...