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Tag: banking

Posted on 14/09/2023

Richard Li-backed insurer FWD postpones Hong Kong IPO plan for second time amid stock-market doldrums

FWD Group Holdings, the Hong Kong-based insurer backed by billionaire Richard Li Tzar-kai, has decided to postpone its Hong Kong initial public offering (IPO) for the second time due to ongoing market volatility.

Posted on 14/09/2023

Dubai and Hong Kong establish corridor to promote family offices, fintech and green finance

The governments of Dubai and Hong Kong have signed an agreement to establish an economic corridor for promoting cross border trading, family offices, fintech and green finance, according to a ...

Posted on 14/09/2023

Australian lender NAB to close Hong Kong office

National Australia Bank (NAB) said on Thursday it would shut its Hong Kong branch, as offices in Singapore, Tokyo and Shanghai were its preferred customer outreach hubs in Asia.

Posted on 14/09/2023

NAB to close HK operations in 2025; Westpac updates institutional banking priorities

NAB will close its Hong Kong operations in the first half of 2025, as part of a restructuring of its markets business and a reshaping of its regional strategy.

Posted on 14/09/2023

No Help Yet For Oversold Hang Seng

The Hong Kong stock market has moved lower in seven straight sessions, tumbling more than 835 points or 4.7 percent along the way.

Posted on 14/09/2023

Hong Kong Shuts Schools as Heavy Rain Inundates Finance Hub

Hong Kong closed schools and braced for potential flooding as torrential downpours swept through the finance hub, which has experienced repeated bouts of extreme weather this month.Most Read from Bloo ...

Posted on 14/09/2023

National Australia Bank Will Shut Its Hong Kong Office

National Australia Bank Ltd. is planning to close its Hong Kong office and consolidate operations into mainland China, Singapore and Japan.

Posted on 14/09/2023

UPDATE 1-Australian lender NAB to close Hong Kong office

National Australia Bank (NAB) said on Thursday it would shut its Hong Kong branch, as offices in Singapore, Tokyo and Shanghai were its preferred customer outreach hubs in Asia.

Posted on 14/09/2023

Tencent-Backed Tuhu Car Plans Hong Kong IPO

Tencent-backed Tuhu Car plans to raise up to $160.89 million through an initial public offering in Hong Kong.

Posted on 14/09/2023

Common law system remains Hong Kong’s most important asset

Speakers at the Belt and Road Summit - including Vice-Premier Ding Xuexiang - all said the same thing: that the city's success rests on the rule of law China's Belt and Road Initiative may link dozens ...

Posted on 14/09/2023

SWIFT adds Hong Kong and Kazakhstan national banks to CBDC interoperability beta experiment

SWIFT will be initiating a test with Hong Kong, Kazakhstan and another unnamed central bank for CBDC interoperability. Additionally, a second phase of sandbox testing for exploring additional use ...

Posted on 14/09/2023

BOC Hong Kong (Holdings) Limited goes ex dividend tomorrow

Limited (OTCPK:BHKLY) had declared $1.323/share semi-annual dividend Payable Oct. 6; for shareholders of record Sept. 14; ex-div Sept. 13. See BHKLY Dividend Scorecard, Yield Chart, & Dividend Growth.

Posted on 14/09/2023

BOC Aids SZ Govt to Issue RMB5B Offshore Local Bonds Again in HK, Introduce Social Responsibility Bonds

BOC HONG KONG (02388.HK) announced that BANK OF CHINA (03988.HK) assisted the Shenzhen Municipal People's Government to issue offshore RMB local government bonds in Hong Kong f... This time, in ...

Posted on 14/09/2023

China’s central bank ramps up pressure on yuan bears as currency dives toward record low offshore

Currency traders trying to bet against the yuan are facing growing headwinds from China’s efforts to ramp up the cost of doing so in Hong Kong. The PBOC plans to issue more yuan-denominated bills than ...

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