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Tag: banking

Posted on 15/07/2023

Hong Kong Condemns US Bill That Could Close Its Trade Offices

Hong Kong has condemned a US Senate Committee for passing a bill that could shut down the city’s three economic and trade offices in America if the financial hub isn’t deemed significantly autonomous ...

Posted on 15/07/2023

Cheers to Hong Kong H shares on their first 30 years

Tsingtao Brewery celebrated an unusual Hong Kong initial public offering and a gigantic step for the nation's capital markets with glasses of beer The day a company lists its stock is usually ...

Posted on 14/07/2023

Hong Kong expands Silver Bond offering to HK$50 billion, raises coupon to 5 per cent to help counter cost of living

Hong Kong is expanding the size of its Silver Bond offering by as much as 57 per cent, while also raising the annual coupon to help the city’s senior citizens fight higher cost of living.

Posted on 14/07/2023

Hong Kong student among 6 arrested as police clamp down on cross-border syndicate laundering HK$100 million

Postsecondary student suspected of using cryptocurrency e-wallets as part of money laundering process that involved mainland bank accounts and reselling valuables Police also arrest five others, ...

Posted on 14/07/2023

Hang Seng boosts digitalisation efforts, reveals HK’s first Smart Teller

Hang Seng reveals three new service and operational solutions. Hang Seng Bank introduced its innovative 'Future Banking' service concept at a new branch in Festival Walk on 12 July. The branch ...

Posted on 14/07/2023

HSBC builds up China green finance, bonds teams in funds push

HSBC is building up its green finance and bond teams in China to meet surging demand, two sources with knowledge of the matter told Reuters, as Europe's biggest bank presses on with expansion in the ...

Posted on 14/07/2023

Hong Kong’s national security law: 3 years on, more than 160 prosecutions, 8 bounties later, what else can the city expect?

Rats in the streets”, “turtles with heads in shells” and “eaters of human-flesh buns” – these are among choice descriptions Hong Kong officials have thrown at a group of eight activists now operating ...

Posted on 14/07/2023

HSBC Expands Green Finance and Bond Teams in China Amid Geopolitical Uncertainties

Despite geopolitical uncertainties, HSBC Holdings, Plc (NYSE: HSBC) is building its green finance and bond teams in China after acquiring Hong Kong-based specialist asset manager Green Transition ...

Posted on 13/07/2023

Hong Kong proposes widening safety net for bank depositors by 60 per cent to US$102,560

Hong Kong has proposed widening a safety net for the city’s bank depositors in case of a bank failure to HK$800,000 (US$102,560) per depositor, according to proposals made by a government agency on ...

Posted on 13/07/2023

Hong Kong plans to raise bank deposit protection from 2025

HONG Kong plans to raise the maximum protection on bank deposits in a move designed to better shield people during times of severe stress. Read more at The Business Times.

Posted on 13/07/2023

Bank deposits could be guaranteed up to HK$800,000

The Deposit Protection Board on Thursday said it wants to increase the amount of money protected in people's bank accounts, from HK$500,000 to ...

Posted on 13/07/2023

Eastern banking on promise of youth as big spenders make Hong Kong Premier League a 2-horse race before season starts

Head coach Roberto Losada says financial power of Kitchee and Lee Man makes title almost a foregone conclusion Hong Kong football needs to look beyond city's borders to raise money and improve ...

Posted on 13/07/2023

Coffee Stock Pops After a Second Shot at a Hong Kong Listing

Shares of a diet-coffee maker linked to Taiwanese pop idol Jay Chou closed 24% higher on their Hong Kong trading debut, after the company downsized its IPO and pushed back its listing date. Star Plus ...

Posted on 13/07/2023

RPT–HSBC builds up China green finance, bonds teams in funds push – sources

HSBC is building up its green finance and bond teams in China to meet surging demand, two sources with knowledge of the matter told Reuters, as Europe's biggest bank presses on with expansion in the ...

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