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Tag: banking

Posted on 23/05/2024

Hong Kong is a gateway between Middle East and China, says official

Hong Kong (HK) has very often been described as a ‘super connector’ and a ‘super value-adder’ between China and countries outside China, says Paul Lam Ting-kwok, Secretary for Justice ...

Posted on 23/05/2024

Hong Kong Considers Allowing Ether ETF Staking In Contrast to US

Hong Kong is considering allowing staking for exchange-traded funds investing directly in Ether, potentially unlocking a source of passive income that has been removed from prospective US issuers’ ...

Posted on 23/05/2024

Hong Kong central bank studies AI’s impact on banking jobs and skills

The Hong Kong Monetary Authority announced that it updated its Supervisory Policy Manual to require banks to set a clear direction for manpower development.

Posted on 23/05/2024

HANG SENG BANK Buys back 450K Shrs for $47.16M

HANG SENG BANK (00011.HK) disclosed in its statement that it repurchased 450,000 shares of the company on the Stock Exchange of Hong Kong at $102.9-105.4 per share on 2 May, involv... HANG SENG BANK ...

Posted on 23/05/2024

HANG SENG BANK Repurchases 300K Shrs for $34.78M

HANG SENG BANK (00011.HK) disclosed in its statement that it repurchased 300,000 shares of the company on the Stock Exchange of Hong Kong at $114.5-117.2 per share on 22 May, involving about $34.78 ...

Posted on 23/05/2024

Hang Seng slips below 19,000 as Hong Kong stocks tripped by patchy earnings, hawkish US Fed

Hong Kong stocks declined for the third straight day, with the benchmark breaching the 19,000 psychological support as patchy corporate earnings made investors jittery. Optimism also sagged after ...

Posted on 23/05/2024

HSBC HOLDINGS Buys back ~6.49M Shrs for ~$450M on Wed

HSBC HOLDINGS (00005.HK) repurchased 2.9918 million shares of the company in London on Wednesday (22nd) at GBP6.922-7.023 per share, with an average price of GBP6.9673 per share, involving GBP20.845 ...

Posted on 23/05/2024

HSBC HOLDINGS Buys back 6.144M Shrs for $423M in Total on Tue

HSBC HOLDINGS (00005.HK) announced that it repurchased 3.697 million shares of the company in London on Tuesday (21st) at GBP6.911-6.981 per share, with an average price of GBP6.9431 per share, for a ...

Posted on 23/05/2024

Hong Kong finance chief Paul Chan to visit US, promote city and China’s Greater Bay Area to business leaders

Hong Kong’s finance chief will embark on his second trip to the United States in half a year to promote the city’s business opportunities after a visit to France, the government has announced.

Posted on 23/05/2024

China links CBDC to Hong Kong’s fast payments system

The People’s Bank of China has expanded its central bank digital currency (CBDC) pilot by linking it to Hong Kong’s fast payments system and allowing local residents to top up their wallets.

Posted on 22/05/2024

Hong Kong police arrest 100 suspects linked to scams totalling HK$180 million in losses

Hong Kong police have arrested 100 suspects linked to scams with losses totalling HK$180 million as part of a crackdown on fraud and money laundering. Sham Shui Po district police said on Wednesday ...

Posted on 22/05/2024

HANG SENG BANK Repurchases 300K Shrs for $34.04M

HANG SENG BANK (00011.HK) disclosed in its statement that it repurchased 300,000 shares of the company on the Stock Exchange of Hong Kong at $111.5-114.2 per share on 21 May, involving about $34.04 ...

Posted on 22/05/2024

Hong Kong Monetary Authority steps up e-CNY pilot

In order to help residents use the currency in Hong Kong, the HKMA has linked the digital currency with the Faster Payment System. In addition, corporate use cases for cross-boundary trade settlement ...

Posted on 21/05/2024

Hong Kong Introduces Digital Yuan Wallets Through Mainland Banks

In the initial rollout, residents of Hong Kong will have the opportunity to open digital yuan wallets through four major mainland banks: the Industrial and Commercial Bank, Bank of China, Construction ...

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