Cheques are likely to be relegated to the dust heap of history, becoming a relic of traditional banking in Hong Kong as a new generation of customers embrace the convenience of instantaneous, ... ( read original story ...)
Pandemic sparks surge in Hong Kong ‘devil’s breath’ cash druggings
Hours were missing alongside HK$80,000 ($10,300) -- taken in six separate transactions from nearby ATMs. "It was a joint account with my missus and we have a baby on the way," the 36-year-old Brit, ... ( read original story ...)
HKEX contributes to Hong Kong’s status as int’l financial hub: HKSAR chief executive
Hong Kong Exchanges and Clearing Limited (HKEX) has contributed significantly to Hong Kong's status as a premier fund-raising center and an international financial capital, Carrie Lam, chief executive ... ( read original story ...)
Step Finance Dashboard Aggregating Solana Decentralized Exchanges
Step Finance has become the first dashboard to aggregate data from across all of Solana’s decentralized exchanges (DEX). ( read original story ...)
Hong Kong’s e-dollar study in spotlight as city’s US dollar peg remains strong
Hong Kong’s de facto central bank has set up a working group to study ‘legal and regulatory issues’ related to an e-Hong Kong dollar. ( read original story ...)
Choksi siphoned off Rs 6,345 crore PNB loan through Hong Kong firms: CBI
Choksi was running a "circular trade" with companies propped up by him as pearl suppliers in Hong Kong, through which he had managed to siphon off over Rs 6,345 crore borrowed from PNB, CBI alleged ... ( read original story ...)
Hong Kong stock exchange must expand reforms to allow SPACs and smaller companies to raise funds, experts say
Hong Kong stock exchange must undertake more reforms to attract SPACs and tweak rules to make it easier for small firms to list in the city, market experts tell China Conference organised by the Post. ( read original story ...)
Choksi siphoned off Rs 6,345 crore PNB loan through Hong Kong firms controlled by him: CBI
The CBI has alleged that Choksi made his employees directors of Shanyao Gong Si Limited and 4C's Diamond Distributors and Crown Aim, based in Hong Kong, and was controlling them. ( read original story ...)
Hong Kong with its China-centric securities market has a big role to play in shaping global sustainability reporting standards, regulator tells China Conference
Hong Kong has an immensely important role in global green finance, but its success hinges on shaping and rapidly adopting international sustainability reporting standards. Regulators across the world ... ( read original story ...)
Chart of the Day: Hong Kong’s New Virtual Banks Bled Cash Last Year
Hong Kong’s eight virtual banks all lost money last year, with a combined pretax loss of HK$2.4 billion ($309 million), according to a report published Tuesday. Standard Chartered-backed Mox Bank ... ( read original story ...)
Coronavirus quarantine waiver: Hong Kong will need weeks to process hundreds of applications, but the plan is ongoing
Hong Kong’s government expanded the scope of a quarantine waiver programme in May allowing senior executives from the financial industry and listed companies to conduct business upon arrival in the ... ( read original story ...)
Shares of ‘China’s Invisalign’ rise up to 183% in Hong Kong IPO
Shares of Angelalign Technology nearly tripled in price in the debut of China's version of Invisalign in Hong Kong on Wednesday, a performance that may put to rest concerns the city's IPO market was ... ( read original story ...)
Hongkong Land opens its Centricity Flex space in Central, embracing flexible work as more people work from home
The market for flexible working space is picking up again in Hong Kong after the initial slump brought by tough social-distancing rules during the early months of the coronavirus pandemic. ( read original story ...)
Digital Banking: WeLab Bank to Offer Apple Pay Option to Clients across Hong Kong
WeLab Bank to offer Apple Pay option to clients across Hong Kong. The new payment option is safe, secure, convenient. ( read original story ...)