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Tag: banking

Posted on 08/09/2023

China’s Ant Group unveils finance AI model as race heats up

Ant Group unveiled a finance-specific artificial intelligence (AI) model on Friday and started testing consumer and professional apps for the product, joining a crowded race to deploy AI in heavily ...

Posted on 08/09/2023

Vesttoo: Red flags raised regarding HK / China “investors” as early as 2021

While the industry will spend its time poring over the initial findings of the fraud investigation at Vesttoo, one thing that stands out is the fact ...

Posted on 08/09/2023

HSBC to halt corporate remittances to and from Russia

HONG KONG -- HSBC Group will halt remittance services to and from Russia and Belarus for its corporate clients next month as financial institutions respond to Western sanctions over the Ukraine war, ...

Posted on 08/09/2023

Hong Kong shuts down city, halts stock market trade after heaviest rainfall on record

Hong Kong’s heaviest rainstorm since records began in 1884 flooded the financial hub’s streets and sent torrents of water rushing through subway stations, bringing much of the city to a standstill and ...

Posted on 08/09/2023

Hong Kong hit by widespread flash flooding after heaviest rainfall since 1884

Record-breaking rainfall in Hong Kong caused widespread flash flooding across the financial hub on Friday, with many businesses and schools forced to shut, just days after the city was battered by a ...

Posted on 08/09/2023

Hong Kong and Shenzhen fintech industry groups hold joint event as they seek to boost ties and innovation across the GBA

The FinTech Association of Hong Kong and the Shenzhen FinTech Association have started working together for the first time as GBA opportunities loom.

Posted on 08/09/2023

Hong Kong should cut stamp duty by more than half for homeowners who are not first-time buyers: city’s largest political party

Democratic Alliance for the Betterment and Progress of Hong Kong says authorities should cut stamp duty from 15 per cent to 6 per cent for non-first-time homebuyers.

Posted on 07/09/2023

Understanding HSBC Holdings plc (HKEX: 5): Asia’s Local Bank

Today, HSBC has its primary stock market listing in London but has a branch listing in Hong Kong. HSBC’s Hong Kong shares are also important given the company is the third-largest constituent member ...

Posted on 07/09/2023

Hong Kong’s financial task force to host more meetings in coming days to give short-term recommendations soon to boost stock market turnover and fundraising activities …

The task force chairman Carlson Tong Ka-shing told the Post that more meetings will be held in coming days to brainstorm for ideas to bolster the market's activity Members of the task force are drawn ...

Posted on 07/09/2023

Hang Seng Bank makes personal finances matter through gamification

Hang Seng Bank's Preferred Banking has unveiled a financial mission ... Customers can draw the game cards by scanning the campaign QR codes that are located around Hong Kong, such as all Hang Seng MTR ...

Posted on 07/09/2023

Will Hang Seng continue slide amid Evergrande woes?

While the Hang Seng Index (HSI ... is made up of the 50 largest Chinese companies listed on the Hong Kong stock market, including the China Petroleum & Chemical Corporation (Sinopec), the Bank of ...

Posted on 06/09/2023

Linkage Global Finalizes $7.5 Million U.S. IPO Plan

Summary Linkage Global Inc. has filed for a U.S. IPO to raise $7.5 million. The company offers online marketing and cross-border sales services in Japan, Mainland China, and Hong Kong. Due to ...

Posted on 06/09/2023

CFO of Hong Kong company ‘duped out of over HK$15 million’ in online investment scam that used bogus mainland China stock trading app

Source familiar with case says 60-year-old man was paid HK$160,000 in profit from initial trades as bait to encourage further investment.

Posted on 06/09/2023

Hong Kong stocks lose ground for second day after tepid corporate earnings as Nomura pares forecast for Chinese equities

Hong Kong stocks dropped for a second day as traders dialled back bets after a disappointing corporate earnings season. Nomura turned less bullish on the outlook for Chinese equities. The Hang Seng ...

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