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Tag: banking

Posted on 23/01/2024

AFC Asian Cup: Hong Kong’s army of fans spending thousands and flying across world to follow team’s historic journey

The 500 Hongkongers attending the city’s first continental finals since 1968 tell of roundabout routes to make the trip more affordable, including opting to stay in London between matches.

Posted on 22/01/2024

Hong Kong’s Paul Chan says he plans to adopt ‘balanced measures’ in budget to boost public confidence, economic vitality

Finance chief also says world economy in fragile state amid period of complex geopolitics, after returning from World Economic Forum in Davos 'When preparing for the new budget ... we will try our ...

Posted on 22/01/2024

Hong Kong crypto exchange OSL foresees issuance of first Spot Crypto ETFs by mid-year

Gary Tiu, the Executive Director and Head of Regulatory Affairs at OSL, a Hong Kong-licensed cryptocurrency exchange, has revealed that the special administrative region could potentially witness the ...

Posted on 22/01/2024

HSBC chair ‘confident’ on China investment, meets vice president – state media

BEIJING/HONG KONG, Jan 22 (Reuters) - China's Vice President Han Zheng on Monday met with HSBC (HSBA.L), opens new tab Chairman Mark Tucker in Beijing and urged the banking giant to deepen cooperation ...

Posted on 22/01/2024

Tencent, AIA pace Hong Kong stock slump, Hang Seng falls below 15,000 as China banks hold rates in snub to easing bets

Hong Kong stocks slumped towards a 15-month low to pile on losses from a three-week rout, after China kept lending rates tied to mortgages unchanged, disappointing investors betting on measures to ...

Posted on 22/01/2024

Hong Kong stocks extend slide to approach 15-month low as China banks hold lending rates, snubbing easing bets

There is no respite for investors in the new week as Chinese lenders keep their key corporate loan rates unchanged, snubbing expectations for easing to help shore up the economy.

Posted on 21/01/2024

ELS crisis deepens as Hong Kong index sags further

Losses inflicted on Korean investors from derivatives tracking the Hang Seng China Enterprises Index are swelling even faster than expected, as the notorious Hong Kong index has dipped further ...

Posted on 19/01/2024

Chinese Tungsten Miner to Tap CICC for Hong Kong Listing, Sources Say

Tungsten miner Jiaxin International Resources Investment Ltd. has selected China International Capital Corp. to help prepare for a potential initial public offering in Hong Kong that may take place as ...

Posted on 19/01/2024

Chinese Tungsten Miner Is Said to Tap CICC for Hong Kong Listing

Tungsten miner Jiaxin International Resources Investment Ltd. has selected China International Capital Corp. to help prepare for a potential initial public offering in Hong Kong that may take place as ...

Posted on 19/01/2024

‘Why is China down again?’ Bewildered Hong Kong-based funds ask BofA Securities to explain stock losses

The MSCI China Index may be off to its worst start since 2016, but some veteran China investors reckon that China’s economic fundamentals are not as bad as stock prices suggest, BofA Securities’ ...

Posted on 19/01/2024

ALB Hong Kong IPO Handbook 2024 | ALB香港首次公开上市手册2024

Asian Legal Business is proud to announce that 2024 edition of the well-reviewed Hong Kong IPO Handbook has been published. The ALB Hong Kong IPO Handbook 2024 provides guidance to companies on ...

Posted on 19/01/2024

Hong Kong Takes a Hit as a Financial Center. How China Played a Part.

Hong Kong isn’t exactly washed up as a hub for finance. But it is fading as a global financial center, thanks to China’s tighter political embrace.

Posted on 19/01/2024

How Digital Banks in Asia are Redefining Banking with Unique Business Models

Digital banks in Asia like Kakao, MyBank, Paytm, and ANEXT redefine banking with unique models, driving financial inclusion and innovation.

Posted on 19/01/2024

Hong Kong stocks rise for second day, trimming weekly loss with SMIC, AIA, BYD posting gains on valuation appeal

Stocks log a second day of gains as some investors are attracted to cheap valuation. Some funds remain wary of China’s outlook as policymakers refrain from injecting big stimulus to appease markets.

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