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Tag: banking

Posted on 17/09/2024

Hong Kong and Macao authorities link bond settlement systems

The Central Moneymarkets Unit (CMU), operated by the Hong Kong Monetary Authority (HKMA), will be connected to Macao’s central securities depository (CSD). The CSD is operated by Macao Central ...

Posted on 16/09/2024

Hong Kong, Dubai seek to strengthen ties on sustainable finance as climate risks mount

Global climate finance must increase by at least sixfold to US$8.5 trillion annually through 2030 to prevent global warming, a US non-profit says.

Posted on 16/09/2024

Jimmy Lai’s former collaborators in Hong Kong slam BDO for complicity in abuses and violations

Mark Clifford and Gordon Crovitz, senior officials at Next Digital, filed a complaint against the global accounting firm. They allege BDO enabled rights violations by providing essential services to H ...

Posted on 16/09/2024

Yoshitsu Co., Ltd Expands Reiwatakiya Brand in Hong Kong, Plans Broader Expansion Across Asia

Yoshitsu Co., Ltd ("Yoshitsu" or the "Company") (Nasdaq: TKLF), a retailer and wholesaler of Japanese beauty and health products, sundry products, luxury products, electronic products, as well as ...

Posted on 16/09/2024

Hong Kong market still feeling the chill as aircon maker Midea floats

The Midea float is the territory’s largest since short-form video app Kuaishou’s in January 2021. Its Shenzhen shares traded at a roughly 21 per cent premium to the Hong Kong listing price at Friday’s ...

Posted on 16/09/2024

Midea Shares Rise 4.9% in Hong Kong Gray-Market Trading

Chinese appliance maker Midea Group Co.’s shares gained as much as 4.9% in gray-market trading ahead of their Tuesday debut in Hong Kong.

Posted on 16/09/2024

HSBC’s new CEO is looking to shake up Europe’s largest lender

WITH just two weeks under his belt as the new chief executive officer of HSBC Holdings, Georges Elhedery has made it clear he’s looking to make his mark on the bank. Read more at The Business Times.

Posted on 16/09/2024

HSBC’s new CEO looking to shake up Europe’s largest lender

He needs to shave off US$2 billion in costs to sustain a key measure of bank’s profits. Read more at straitstimes.com.

Posted on 16/09/2024

Ex-executives of Jimmy Lai’s Hong Kong media company file legal challenge against global accounting firm BDO

Two former executives of Hong Kong’s Next Digital media group have filed a legal challenge against global accounting firm BDO, accusing it of helping city authorities to liquidate the company founded ...

Posted on 16/09/2024

Hong Kong stocks decline as investors react to China’s economic data and Fed rate decision

Asian markets showed mixed results Monday with Hong Kong falling on weak data, while Australia and Taiwan saw gains. Typhoon Bebinca disrupts travel in China.

Posted on 16/09/2024

Citigroup is looking to hire talent in Hong Kong in wealth push

CITIGROUP plans to add talent in Hong Kong as it’s bullish on the city and its links with the surrounding Greater Bay Area in mainland China, according to its wealth chief. Read more at The Business ...

Posted on 16/09/2024

Hong Kong arts hub could tap private investors to finish building facilities: Bernard Chan

West Kowloon Cultural District Authority vice-chairman says naming rights up for grabs, with only about 50 per cent of cultural sites built Private sector funds could be used for the construction of ...

Posted on 16/09/2024

Hong Kong Expected To Open In The Green

The Hong Kong stock market has moved higher in two straight sessions, collecting more than 260 points or 1.5 percent along the way.

Posted on 16/09/2024

Press statement of Gov. Gwen Garcia’s legal counsel

IT HAS come to our attention that the news regarding the decision of the Supreme Court dated December 4, 2023 in a case between Hongkong Shanghai Banking Corp.

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