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Tag: banking

Posted on 20/07/2024

HANG SENG BANK Buys back 200K Shrs for $20.47M

HANG SENG BANK (00011.HK) announced that it repurchased 200,000 shares of the company today (18th) at $101.3-103 per share, involving $20.4708 million. Since the ordinary resolution was passed, the ...

Posted on 19/07/2024

Hong Kong paves way for UAE listings, recognising Dubai, Abu Dhabi stock exchanges

Move to attract more Gulf companies to list comes as government advisory body studies Islamic finance to align the city’s financial infrastructure with the needs of the Middle East.

Posted on 19/07/2024

Hong Kong’s ZA Bank allowed to hold reserve assets for stablecoin issuers

Za Bank, the largest virtual bank in Hong Kong, is set to offer its services to stablecoin issuers. The move comes after authorities announced plans to introduce a stablecoin licensing scheme.

Posted on 19/07/2024

Awards for Excellence: Best bank in Hong Kong – HSBC

HSBC further solidified its position as Hong Kong’s best bank. Under the leadership of Luanne Lim, HSBC Hong Kong’s chief executive, the bank’s profit before tax soared to $10.7 billion, representing ...

Posted on 19/07/2024

HK bank supports nation’s regulatory goals with reserve services

Hong Kong's largest virtual bank, ZA Bank, announces pioneering reserve bank services for stablecoin issuers, aligning with new regulatory mandates to ensure digital asset stability.

Posted on 19/07/2024

Hong Kong’s ZA Bank Advances Regulatory Goals with Stablecoin Reserve Services

In Hong Kong, ZA Bank has launched unique reserve services for stablecoin issuers, supporting new regulatory goals. HKMAs Role in Enhancing Digital Asset Stability The largest virtual bank in Hong ...

Posted on 19/07/2024

Awards for Excellence country/territory winners: Hong Kong

HSBC further solidified its position as Hong Kong’s best bank. Under the leadership of Luanne Lim, HSBC Hong Kong’s chief executive, the bank’s profit before tax soared to $10.7 billion, representing ...

Posted on 19/07/2024

HSBC,BOC HONG KONG Assist HK Govt in Offering Institutional Green Bonds

The Government of the Hong Kong Special Administrative Region launched a new round of multi-currency multi-year institutional green bonds. HSBC is acting as Joint Global Coordinator, Joint Lead ...

Posted on 19/07/2024

Can a new financing plan get Hong Kong’s cash-strapped West Kowloon arts hub back on track?

West Kowloon Cultural District Authority gets green light to sell residential development in arts hub's second zone to replenish finances The authority behind Hong Kong's premier arts hub has received ...

Posted on 19/07/2024

Hong Kong stocks slide after China’s third plenum underwhelms, geopolitical angst weighs

Hong Kong stocks tumbled on Friday after investors were underwhelmed ... reflecting Beijing’s concerns about risks in its financial system. The communique was – as some economists expected – short and ...

Posted on 19/07/2024

Hong Kong government raises US$3.2 billion via multicurrency green bond

Hong Kong's government raised US$3.2 billion via green bonds denominated in US dollars, euros and offshore yuan in the city's latest push to establish itself as a sustainable finance hub and to ...

Posted on 19/07/2024

Hong Kong Pushes For New Stablecoin Legislation

Hong Kong’s monetary authorities are proposing new regulation for fiat stablecoins. What Happened: After a two-month public consultation that concluded in February 2024, 108 submissions from various ...

Posted on 18/07/2024

Hong Kong releases stablecoin report with Binance and Circle’s input

Hong Kong has just rolled out a big consultation report on stablecoins, with input from major industry players like Binance and Circle. They’re trying to regulate the stablecoin market, requiring ...

Posted on 18/07/2024

TransThera Seeks Hong Kong IPO To Sustain Cancer Drug Research

Backers also include institutional investors such as Bank of China Capital. The company needs sustained external financing to maintain its drug development, hence its renewed interest in a Hong Kong ...

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