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Tag: banking

Posted on 18/06/2023

Hong Kong-listed stocks are about to be priced in yuan, giving China’s currency another boost

Two dozen stocks, including Alibaba and Tencent, will be priced and traded in the yuan and the Hong Kong dollar on Monday.

Posted on 18/06/2023

Blockchain-based securities are emerging in Hong Kong, further expanding distributed ledgers in local financial markets

"This helps to cement Hong Kong's image as a financial centre that fosters a pro-blockchain ecosystem, especially because the issuance is on a public blockchain," said Allen Huang, associate dean at ...

Posted on 18/06/2023

TONY HETHERINGTON: HSBC hit me harder than fuel crisis and Covid

But nothing has hit us worse than having our accounts frozen by HSBC under the pretence of a 'safeguarding' review. Tony Hetherington replies: A number of banks appear to use 'Know Your Customer' ...

Posted on 18/06/2023

Hong Kong stocks log third weekly loss amid souring US-China ties as Lenovo slumps on earnings misery

China Renaissance Holdings, a financial services group ... China sanctions Lockheed Martin, Raytheon over Taiwan arms sales Hong Kong stocks have lost more than 8 per cent since the rally from late ...

Posted on 17/06/2023

Hong Kong police warn elderly of phone scams after arresting 25 suspects for swindling HK$13 million from victims

Police warn elderly to check with family members when they receive calls from unknown numbers by people claiming to be their relatives.

Posted on 17/06/2023

Indonesian courier company J&T Express applies for Hong Kong IPO amid sluggish recovery of fundraising in the city

Jakarta-based J&T Express is said to be considering a share sale from US$500 million to US$1 billion as soon as this year, according to a Bloomberg report The courier company's proposed Hong Kong ...

Posted on 17/06/2023

Hong Kong No 2 official Eric Chan predicts more than 100,000 talented individuals to be secured under admission schemes this year

Chief Secretary Eric Chan says applications for various talent admission schemes have already exceeded 80,000 in first five months New Top Talent Pass scheme, launched in December, accounts for about ...

Posted on 17/06/2023

Hong Kong No 2 official Eric Chan predicts more than 100,000 people to be brought in under talent admission schemes this year

Hong Kong’s No 2 official on Saturday predicted the city would ... 19 travel restrictions and the imposition of the national security law in 2020. Deputy Financial Secretary Michael Wong Wai-lun on ...

Posted on 16/06/2023

China condemns EU Parliament’s resolution on Hong Kong’s shrinking freedoms

China’s Foreign Ministry has condemned a resolution passed by the European Parliament concerning Hong Kong's shrinking rights to free speech ...

Posted on 16/06/2023

J&T Express Is Said to Plan Up to $1 Billion HK IPO Filing Soon

Courier company J&T Express is planning to file for its Hong Kong initial public offering as soon as in the coming days, according to people familiar with the matter.

Posted on 16/06/2023

No changes to Hang Seng Bank’s HKD dollar prime, savings deposit rates

Savings accounts with a total relationship balance of HK$1m or above will enjoy a bonus interest of 0.001% per annum. Hang Seng Bank announced that its Hong Kong Dollar (HKD) prime lending rate remain ...

Posted on 16/06/2023

Bank of China HK’s HKD prime rate, savings deposit rate unchanged

Savings accounts with HK$1m will enjoy a bonus rate of 0.001% per annum. Bank of China (Hong Kong) said that its Hong Kong Dollar prime rate remains unchanged at 5.75% per annum. Its HKD savings ...

Posted on 16/06/2023

Hong Kong national security law: Beijing, city authorities warn EU politicians to cease ‘publicity stunts clamouring for sanctions’ against John Lee

China’s foreign affairs office in Hong Kong has warned Western politicians to cease using the financial hub for “publicity stunts” in the name of human rights to “clamour” for sanctions against the ...

Posted on 16/06/2023

Korean crypto contagion, Bank of China on Ethereum, HK’s exchange red carpet: Asia Express

Hong Kong lays out welcome mat for exchanges, Korean crypto lender contagion, Do Kwon banged up abroad, Bank of China's Ethereum debt note.

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