Officers from commercial crime bureau arrest 31-year-old man, one of seven suspects taken into custody on Thursday in connection with city’s biggest case of alleged financial fraud.
When a Hong Kong bank suffered a crushing humiliation after scrapping 83 safe deposit boxes full of cash, jewels and personal items
“Bank junks deposit boxes in renovation blunder,” read a headline in the South China Morning Post on October 6, 2004. “A Hong Kong bank has blamed human error ...
Tian Tu Capital shares fall after Hong Kong IPO
Tian Tu Capital shares opened lower on their debut in Hong Kong, failing to provide an initial pop as investor sentiment remained cautious in an ...
BOC HONG KONG (02388.HK) Provides E-Payment Services for Star Ferry Routes
BOC HONG KONG (02388.HK) announced that they will e-payment service for Star Ferry routes. With immediate effect, users can travel between Hong Kong Island and Kowloon on the Ferry, paying by BoC ...
HSBC Buys back Nearly 4.65M Shrs for Over $280M Ytd
HSBC HOLDINGS (00005.HK) announced that it repurchased a total of 4.6456 million shares of the company at over HKD280 million yesterday (27th) in the UK and HK markets.Among which,... HSBC HOLDINGS ...
Hong Kong stocks jump on China recovery bets, property easing speculation while Sunac deal lifts distressed developers
Local stocks are looking to end the week with a flourish after a miserable five-week losing stretch. Signs of better recovery in the Chinese economy, and speculation about property-easing measures, ...
Hong Kong virtual insurer Bowtie eyes disruption amid HKMA’s fintech push in securities and insurance sectors
The move means that different regulators in Hong Kong will work to build an ecosystem for banks, insurance companies, financial firms and other tech start-ups, virtual insurer Bowtie's Fred Ngan says ...
Sunac China wins Hong Kong court approval to implement US$10.2 billion debt workout with creditors in boost to stock prices
Sunac moved ahead of its troubled peers in fixing its financial crisis after a court in Hong Kong sanctioned its US$10.2 billion debt workout plan with more than 2,000 offshore creditors.
Hong Kong’s 2023 global bankers’ summit draws Goldman, UBS and about 90 CEOs to city’s ‘vibrancy’ showcase, HKMA says
The HKMA "wants bankers from across the globe to feel the energy, the vibrancy and also see the opportunities here," said CEO Eddie Yue Mainland Chinese regulators and financial institutions will ...
Hong Kong’s Hang Seng Index Falls to New 2023 Low
Hong Kong’s stock market is struggling. The city’s Hang Seng Index fell to a new low Wednesday of HK$17,094, or $2,183 — its lowest since October 2022 and a 4% drop from last week’s close. Shares had ...
Submission deadline extends till Oct 10 for HSBC Business Excellence Awards
To enable and encourage more submissions, the Hongkong and Shanghai Banking Corporation Limited in Bangladesh has extended the submission deadline for the third edition of the ‘HSBC Business ...
Hong Kong JPEX crypto scandal: police arrest 6 more suspects, including CEO, ex-director of virtual asset money changer
Six men, aged from 23 to 54, detained for conspiracy to defraud on Thursday CEO and ex-director of virtual asset money changer CryptoPARD among those arrested, source says Hong Kong police have ...
Hong Kong Bank: Building of Norman Foster’s Masterpiece – Hardcover
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JD.com, AIA, Longfor lead Hong Kong stock rebound as market’s 5-week sell-off deemed excessive
Stocks recover from near an 11-month low as the sell-off over the past five weeks is deemed excessive. Technical readings on JD.com, Longfor and Galaxy Entertainment suggest a rebound may be imminent.