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Tag: banking

Posted on 10/06/2023

3 arrested in Hong Kong after 4,400 dodgy credit card transactions made to buy HK$2.7 million worth of goods for resale

Suspects, aged 20 to 29, were handling infant formula and laundry detergent at a warehouse in Sheung Shui when officers disguised as couriers tracked them down Goods bought at online shops of Hong ...

Posted on 09/06/2023

Dalian Wanda vows legal battle as Chinese court freezes US$270 million worth of shares amid stalled Hong Kong IPO

Dalian Wanda Group is ‘confident in defending’ against the freeze but faces liquidity concerns following repeated failures by its unit Zhuhai Wanda Commercial Management Group to get approval for a ...

Posted on 09/06/2023

Coffee Company Tied to Pop Star Jay Chou Postpones IPO

One of Asia's biggest pop singers apparently wasn't a big enough draw to get an IPO over the line. Star Plus Legend Holdings, which makes a type of diet coffee, said it was postponing a Hong Kong ...

Posted on 09/06/2023

Hong Kong’s era? Top finance officials flex city’s offshore yuan hub muscles at Caixin summit, Shanghai’s Lujiazui Forum

Hong Kong can play a crucial role of a platform for China and collaborations with foreign countries' in post-Covid era, Paul Chan tells Caixin summit Hong Kong can 'do lots of jobs' when it comes to ...

Posted on 09/06/2023

Hong Kong Monetary Authority to Prepare for Retail CBDC

The Hong Kong Monetary Authority (HKMA) has said it will start laying the foundation to implement a retail central bank digital currency in a report published on Friday. Although it had been looking ...

Posted on 09/06/2023

Hongkong Land says to open 10 retail developments in 5 yrs in China

adding the new developments will add 280,000 square meters of retail floor space to its China portfolio Hongkong Land also said it will complete the $8 billion West Bund Financial Hub development in ...

Posted on 09/06/2023

Hang Seng Bank to launch RMB counter on 19 June

The bank’s shares will be designated as dual counter securities by the stock exchange. Hang Seng Bank is launching a renminbi (RMB) counter for trading the shares of the bank, beginning 19 June. The ...

Posted on 09/06/2023

Hong Kong stocks set for second weekly gain as markets await China policy tonic while Chow Tai Fook rallies on special dividend

Stocks log another weekly advance as traders await stimulus tonic from Beijing. Chow Tai Fook surges after proposing to reward shareholders with special dividends.

Posted on 09/06/2023

What you need to know about Hong Kong’s controversial transport subsidy scheme, from who benefits to loopholes and proposed solutions

Starting June 25, penalty for abusing HK$2 fare given to elderly passengers will double to HK$1,000 on rail services Government paid HK$3.1 billion to transport operators in past financial year, and ...

Posted on 09/06/2023

Mannings collaborates with the The Hub Hong Kong to raise HK$2M Improving nutrition and wellbeing of unprivileged children

Mannings joins forces with The Hub Hong Kong to launch a charity campaign aimed at enhancing the health of thousands of children from impoverished families.

Posted on 09/06/2023

China stocks flat ahead of consumer price data; Hong Kong shares down

China stocks were roughly flat as sector performances were mixed, and Friday's consumer price data was in focus. Hong Kong stocks fell after a surprise interest rate hike by Bank of Canada revived ...

Posted on 08/06/2023

Lawmakers Blast US Plans To Include Hong Kong’s Sanctioned Leader At Summit

A bipartisan group of United States lawmakers including Florida Senator Marco Rubio has urged Joe Biden's administration to "prohibit" Hong Kong's sanctioned leader from attending an annual Pacific ...

Posted on 08/06/2023

Hong Kong’s IPO market set for slow recovery, with 2023 fundraising seen surpassing 2022 but falling well short of 2021

PwC Hong Kong estimates that around 100 companies will list in Hong Kong in 2023, with total funds raised as high as US$21.7 billion Mainland China's exchanges expected to lead the world in IPOs again ...

Posted on 08/06/2023

Hong Kong stocks rattled by interest rate concerns and higher oil prices with economic woes continuing to swirl

Hong Kong stocks start on a weak footing as interest rate concerns swirl after surprise rate increases by Canada and Australia this week and ahead of US inflation data and Federal Reserve’s decision ...

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