Last Wednesday, the company raised about HK$706 million ($90 million) in a Hong Kong IPO, with plans to use the funds to boost product and development, and enhance its sales channels and production ...
Hong Kong’s crypto sentiment plummets after JPEX scandal: Study
A recent survey conducted by The Hong Kong University of Science and Technology’s business school has revealed a significant shift in public sentiment toward cryptocurrencies following the JPEX crypto ...
Hong Kong’s MPF retirement scheme ranks second best in Asia behind Singapore’s amid investment losses: Mercer
The Mandatory Provident Fund is the best regulated pension scheme in Asia, but trails Singapore in providing retirees with adequate funds Globally, Singapore's scheme ranks seventh, Hong Kong 21st and ...
Bill Ackman’s Hong Kong dollar (USD/HKD) short is not going well
The Hong Kong dollar (USD/HKD) has done relatively well this year even as the US dollar index (DXY) jumped to the highest level in months. It has also performed well even as many emerging market ...
Hong Kong’s affluent become millionaires at an average age of 33, HSBC Premier survey suggests
A study by HSBC suggests that about six per cent of respondents have already hit the HK$10 million mark by the age of 45. The bank’s wealth management services can help individuals meet their ...
Hong Kong Shares May Open In The Red
The Hong Kong stock market on Tuesday wrote a finish to the two-day losing streak in which it had tumbled almost 800 points or 4 ...
Survey: HK Affluent Class People Become Millionaires at Age of 33 on Average
According to a survey conducted by HSBC, affluent class people in Hong Kong become millionaires at the age of 33 on average, and they are also confident that they can earn $10 million at the age of 62 ...
Chinese PE Firm Cherami Considers Hong Kong IPO in 2024, Sources Say
Chinese private equity firm Cherami is considering an initial public offering in Hong Kong as soon as next year, according to people familiar with the matter, potentially joining peers such as Tian Tu ...
Hongkong Land named global sector leader despite stiffer Gresb competition
HONGKONG Land Holdings topped a well-tracked environmental, social and governance (ESG) benchmark for the real estate sector for the first time this year, despite stiffer competition all around. Read ...
Hong Kong’s Currency Peg Is Aging—But Not Done Yet
Hong Kong’s currency peg is now 40 years old. That means aches, pains and some questions about an early retirement. The city started pegging its currency against the U.S. dollar on Oct. 17, 1983.
Two Hong Kong banks facing record fines for short-selling in Korea: report
South Korea’s FSS said they made short-selling deals worth KRW40b and KRW16b, respectively. Two Hong Kong-based investment banks are being fined by South Korea’s Financial Supervisory Service for ...
After 40 years of stability, Hong Kong’s US dollar peg is here to stay
It is fair to say I have established a long-lasting and strong relationship with this important part of Hong Kong’s financial regime. The linked exchange rate system is a good one. It is the ...
Tencent-Backed Logistics Company Seeks To Bag $500M With Hong Kong IPO
J&T Global Express, a logistics firm backed by Tencent, is planning a share offering worth 3.92 billion Hong Kong dollars ($500.80 million) in Hong Kong. As The Wall Street Journal reported, the ...
Hong Kong’s Fight Against Online Banking Fraud: A Multifaceted Approach
In the bustling metropolis of Hong Kong, a silent and insidious crime wave is threatening the security of its digital banking sector. The Hong Kong Monetary Authority (HKMA), the city’s main financial ...