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Tag: banking

Posted on 10/08/2023

Hong Kong police arrest 10 for suspected foreign collusion over fund

Hong Kong national security police arrested on Thursday 10 people for conspiracy to collude with foreign forces and incitement to riot relating to a now-disbanded fund for pro-democracy protesters, ...

Posted on 10/08/2023

Former Hong Kong stock exchange boss Charles Li pushes for enhanced mobility in Greater Bay Area to speed up business interconnectivity

The former boss of Hong Kong stock exchange, Charles Li Xiaojia, on Wednesday said wider adoption of advanced technology such as facial recognition has the potential to enhance mobility in the Greater ...

Posted on 10/08/2023

‘A fighting chance’: IPO-bound Mirxes on why it chose Hong Kong over Singapore

IN THE days after cancer diagnostics startup Mirxes announced it applied to Hong Kong’s stock exchange for an initial public offering (IPO), executives at the company were flooded with questions about ...

Posted on 10/08/2023

Hong Kong needs to protect its image as a financial center

In Lee’s view, while reviving Hong Kong’s role as a global financial center, it is vital to continue the crackdown on perceived threats.

Posted on 09/08/2023

Hang Seng Bank opens two new cross-boundary wealth management centres

One is in Shenzhen and the other is in Tsim Sha Tsui. Hang Seng Bank has opened two more cross-boundary wealth management centres (CBC). Located in Tsim Sha Tsui and Shenzhen, the two new CBCs are ...

Posted on 09/08/2023

Hong Kong retirees facing income shortfall of US$641 a month on average, survey shows

Post-retirement incomes of Hongkongers stand at about HK$12,000 per month on average, according to survey conducted by BOC Group Life Assurance and Golden Age Foundation Poll will hopefully 'inspire ...

Posted on 09/08/2023

Hong Kong cosmetics saleswoman arrested over alleged money laundering involving HK$900 million in crime proceeds

Suspect, 39, was allegedly core member of local money-laundering syndicate and had set up 13 bank accounts under two shell companies.

Posted on 08/08/2023

HSBC exec apologizes after calling the UK ‘weak’ for following US lead over China

A top executive at HSBC has apologized after reportedly calling the UK government “weak” for caving to US pressure over doing business with China, in another sign of the political tightrope the ...

Posted on 08/08/2023

Hong Kong’s IPO market slump hurts office leasing demand but insurance boom picks up some slack: Savills

A slowdown in public markets has hurt demand for office leasing in Hong Kong, but a turnaround in deal activity with a boost from blockbuster listings could improve the prospects for the second half ...

Posted on 08/08/2023

Hong Kong arrests 7 for money laundering HK$111M, including via crypto

The police disclosed that the money-laundering syndicate began recruiting individuals in 2022, compensating them with varying amounts of Hong Kong dollars to establish bank accounts. Those recruited ...

Posted on 08/08/2023

Hong Kong police arrest 1 suspected core syndicate member and 6 bank account holders on suspicion of laundering HK$111 million

Seven people were rounded up in connection with laundering more than HK$111 million (US$14 million) in suspected crime proceeds through 48 bank accounts in Hong Kong in a crackdown on a criminal ...

Posted on 08/08/2023

HSBC executive apologizes for calling the UK ‘weak’ over China

A top executive at HSBC has apologized after reportedly calling the UK government “weak” over its dealings with China, in another sign of the political tightrope the British bank has been made to walk ...

Posted on 08/08/2023

HSBC exec slams ‘weak’ UK for siding with US against China, drawing backlash from MPs

Coles, the bank’s head of public affairs, apologised for ‘any offence caused’ by his ‘personal comments’, made at a closed door event in London.

Posted on 08/08/2023

Credit Suisse to cut 80% of Hong Kong investment bank jobs: Report

Nearly 80% of investment banking staff of Credit Suisse in Hong Kong is likely to be laid off this week, as part of the bank's integration with UBS Group, Reuters reported ...

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