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Tag: banking

Posted on 21/06/2024

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 ...

Posted on 21/06/2024

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 ...

Posted on 21/06/2024

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 ...

Posted on 21/06/2024

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.

Posted on 21/06/2024

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 ...

Posted on 21/06/2024

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 ...

Posted on 21/06/2024

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.

Posted on 20/06/2024

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.

Posted on 20/06/2024

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 ...

Posted on 20/06/2024

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.

Posted on 20/06/2024

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 ...

Posted on 20/06/2024

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 ...

Posted on 20/06/2024

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 ...

Posted on 20/06/2024

Hong Kong’s WeLab eyes Southeast Asia digital banks, exporting tech services as new growth engines

The fintech unicorn backed by billionaire Li Ka-shing is looking at setting up digital banks across Southeast Asia and providing its technology services to conglomerates in Malaysia, Vietnam, Thailand ...

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