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Tag: banking

Posted on 14/06/2023

Hong Kong and global graduates, motivated by high salaries, eye career in finance in post-Covid-19 era: CFA Institute survey

Finance is the top career choice for graduates globally including Hong Kong, as they believe the sector offers better pay and growth prospects, according to a CFA Institute survey.

Posted on 14/06/2023

Hong Kong biotech IPOs face ‘tough’ 2023: Ascendum Capital founder

The year 2023 will be a tough one for pre-revenue biotechnology companies to go public in Hong Kong, according to Serena Shao, founder and managing partner of health care-focused investment firm ...

Posted on 14/06/2023

Hang Seng index is being crashed by Nikkei 225 in 2023

Global indices have been mixed in 2023 with some European indices like the DAX and CAC 40 sitting at their record highs. Asian indices have done well, helped by the strong performance of the Nikkei ...

Posted on 14/06/2023

Hong Kong stocks surrender gains as banks slide amid China stimulus bets while Nomura calls for more tonic to avert ‘double-dip’

Hong Kong stocks wavered amid concerns China’s policy stimulus will be too little too late to rejuvenate its post-pandemic economic recovery. While the Federal Reserve s certain to pause on its rate ...

Posted on 14/06/2023

HSBC Asian growth plan targets mass affluent

London-headquartered banking group HSBC is carving out a bigger role for Singapore as a regional hub as it expands in Asia.

Posted on 14/06/2023

China stimulus: Hong Kong stock outlook unclear amid fears rate cuts are too little, too late while double-dip risk grows

A sluggish recovery in China’s economy is stoking concerns among strategists that the hyped-up policy stimulus will do little to shore up stock prices in Hong Kong, leaving the Federal Reserve to do ...

Posted on 13/06/2023

Hongkong Land to Enter Shanghai With $8 Billion West Bund Development

The developer behind Landmark, one of Hong Kong's most prominent luxury malls, plans to roll out 10 new developments in the next five years in mainland China.

Posted on 13/06/2023

Hong Kong and the US aim for stablecoin regulations by 2024

With the completion of the public consultation phase, the HKMA will be focusing on the areas of issuance, governance and stabilization.

Posted on 13/06/2023

“Hong Kong to emerge as stock exchange of choice” – Dealmaking experts

Linklaters partners discuss the dealmaking landscape that supports Hong Kong’s status as preferred regional fundraising hub. Former SFC decision-maker, Roger Cheng, is set to join the team from August ...

Posted on 13/06/2023

Bank of China unit issues digital securities on Ethereum blockchain in Hong Kong amid city’s virtual asset push

The product from Bank of China’s global investment arm is the first tokenised security from a bank in the mainland, where cryptocurrencies are banned.

Posted on 13/06/2023

Hong Kong eyes stablecoin regulatory regime by 2024

While the Western world debates how to regulate stablecoins, Hong Kong is forging ahead with a regulatory framework for cryptocurrencies pegged to traditional financial assets. The Hong Kong Monetary ...

Posted on 13/06/2023

Hong Kong to Unveil Plan to Recruit Foreign Labor Amid Shortage

Hong Kong will ease entry rules for foreign workers to stem a manpower shortage in the financial hub, Chief Executive John Lee said.

Posted on 13/06/2023

Hong Kong’s role as China’s only global financial hub must be cherished and protected

In the Global Financial Centres Index, Shanghai is ahead of Sydney, Seoul, Tokyo, Frankfurt and Mumbai, but still below New York, London, Singapore and Hong Kong Economic and trade power is not enough ...

Posted on 13/06/2023

Bank of China’s BOCI Issues Tokenized Securities on Ethereum in Hong Kong

BOCI offered CNH 200 million ($28 million) of structured notes, with Swiss banking giant UBS underwriting the issuance and placing with clients in Asia Pacific. This was the first time a Chinese ...

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