Incident marks largest financial loss in phone scam case recorded so far, with scammers posing as mainland Chinese security officials.
World’s Most Expensive Office Towers Over Hong Kong
Standing at 190-metres tall, The Henderson is situated in the heart of Hong Kong's financial district. While its construction battled both high costs and a vicious typhoon, the 36-storey high-rise has ...
Hong Kong police arrest 114 over scamming 163 people out of HK$73 million
Online job scams and phone deception tactics used to trick residents into handing over between HK$1,000 and HK$20 million each, police say Hong Kong police have arrested 114 people on suspicion of ...
Credit and charge card payments in Hong Kong to surpass HDK1trn in 2024, forecasts GlobalData
Rising consumer spending, growth in e-commerce payments and government initiatives will combine to further drive credit and charge card payments usage in Hong Kong ...
Hong Kong to raise university tuition by 17.6% over the next three years
Hike comes after fees remained stagnant for 30 years; authorities say they have no further plans to raise the cost beyond that.
Swiss private equity giant Partners Group opens Hong Kong office with eye on rich clients
Hong Kong is the 21st office in Partners Group's global network, which the private-equity firm plans to use as a stepping stone into mainland China Switzerland-based private-equity giant Partners ...
23 arrested over fake loan requests for HK$31 million from Hong Kong Covid relief schemes
Syndicates targeted government-back schemes offering low-interest loans to businesses and private individuals affected by Covid pandemic Hong Kong police have arrested 23 suspects in a crackdown ...
University tuition fees in Hong Kong to rise by 17.6% over next 3 years
Fees will increase by HK$2,400 to HK$44,500 in 2025-26, additional HK$2,500 in 2026-27 and 2027-28 to HK47,000 and HK$49,500, respectively.
Alfa Bank: US-sanctioned Russian banking giant expands in China
Battered by Western sanctions, Russia’s largest privately owned bank is expanding its business in the world’s second-largest economy.
Nasdaq Intensifies Scrutiny On Small Chinese And Hong Kong IPOs Following 2022’s Extreme Volatility: Report
In a bid to prevent the volatility that followed several deals in 2022, Nasdaq Inc. (NASDAQ:NDAQ) is reportedly increasing its scrutiny of small initial public offerings from China and Hong Kong. What ...
HSBC Raises ¥60 Billion From Samurai Bonds, Riding Yen Note Boom
Hongkong and Shanghai Banking Corp. raised ¥60 billion ($380 million) from its first Samurai bond offering in five years, reaffirming the recent trend of increasing yen note sales by overseas issuers.
Hong Kong’s WeLab eyes Southeast Asia digital banks
HONG KONG - WeLab, a Hong Kong-based fintech unicorn backed by billionaire Li Ka-shing, is exploring the idea of setting up digital banks across Southeast Asia and providing its technology services to ...
Nasdaq Boosts Scrutiny of Investors in IPOs From China, HK
Nasdaq Inc. is once again increasing scrutiny of small initial public offerings from China and Hong Kong to avoid a repeat of the wild swings that followed a handful of deals two years ago, according ...
HSBC Buys back ~5.19M Shrs for HKD356M in Total Ytd
HSBC HOLDINGS (00005.HK) +0.100 (+0.146%) Short selling $312.13M; Ratio 26.132% announced that it repurchased a total of 5.1879 million shares of the company for a total of HKD356 million yesterday ...