HSBC Holdings Plc is splurging out HK$500 ($64) to each staffer in Hong Kong in the traditional red packets to mark the Lunar New Year. The lender, which employs more than 20,000 people in the city, ...
Hong Kong’s Covid-hit economy will improve in coming months, John Lee says, vowing to attract businesses, tourists to city during upcoming trips
City leader says he is 'optimistic' while acknowledging arrivals only amounted to 10 per cent of pre-pandemic levels after return of quarantine-free cross-border travel Lee also reveals plans to visit ...
Seized sugar can be sold in Kadiwa stores once probe done: BOC
An investigation is underway on the shipments of smuggled sugar seized in recent operations before these can be sold in Kadiwa stores, the Bureau of Customs (BOC) on Thursday said.“The Bureau of ...
Sun Life Nears Insurance Deal With Hong Kong’s Dah Sing
Sun Life Financial Inc. is close to sealing an insurance partnership with Hong Kong banking group Dah Sing Financial Holdings Ltd., according to people familiar with the matter.
AMTD probed by Hong Kong regulator
The previously unreported probe by Hong Kong’s securities watchdog into AMTD predates the US listing of its unit AMTD Digital.
Chipmaker Black Sesame Considers $200 Million Hong Kong IPO
Black Sesame Technologies, a developer of artificial intelligence chips and systems for cars, is considering a Hong Kong initial public offering that could raise about $200 million, according to ...
Chipmaker Black Sesame considers US$200m Hong Kong IPO
BLACK Sesame Technologies, a developer of artificial intelligence chips and systems for cars, is considering a Hong Kong initial public offering (IPO) that could raise about US$200 million, according ...
Hong Kong Home Sales to Surge 50% as Rates Peak, Border Reopens
Hong Kong’s new home sales may surge by 50% in 2023 after the border with mainland China reopened and as interest-rate increases end.
Determining the future of virtual banking
The Bank of Thailand has issued a consultation paper for the virtual bank licensing framework as part of its hearings into the creation of virtual banks as new financial service providers. Below are ...
China developers’ debt risks persist after support policies’ slow start
China's Country Garden had some rare good news for the cash-squeezed property sector with an offshore debt repayment on Tuesday, but a closer look reveals just how much developers may still struggle ...
Big Banks Test The Waters For New China Listings With QuantaSing IPO
Investment banking majors Citigroup and China’s CICC and CLSA are sponsoring a new IPO by QuantaSing to raise up to $44 million.
HK’s livi bank launch QR payment option
From now until 31 March, customers can earn rewards up to HK$500 per month. Hong Kong’s livi bank has introduced a QR payments option tied to UnionPay that will enable its customers to pay at over 29 ...
Nomura cuts 18 Asia banking jobs as dealmaking slows -sources
Nomura Holdings Inc has cut 18 Asian banking jobs, most of them China-focused investment roles, after a sharp slowdown in dealmaking activity, according to two sources with direct knowledge of the ...
Beauty Farm IPO Soars By 53% On Hopes China Spending Poised To Recover
Beauty Farm gained 53.5% to HK$29.65, or $3.80, yesterday compared with its IPO price of HK$19.32. The company raised HK$387.2 million in its initial offering, most of which will be used to upgrade ...