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Tag: banking

Posted on 18/02/2023

BOC inspects five container vans, yield smuggled sugar, cigarettes

Customs Commissioner Bienvenido Rubio, with Intelligence Group Deputy Commissioner Juvymax Uy and Manila International Container Port (MICP) District Collector Arnoldo Famor, ...

Posted on 18/02/2023

Amusement park operator Golden Heaven downsizes IPO deal to $27M

Chinese amusement park operator Golden Heaven has downsized its proposed US initial public offering by 23% to $27M. Golden Heaven said in its latest filing that it was now seeking ...

Posted on 18/02/2023

Chan needs to make correct diagnosis in Hong Kong’s post-Covid budget

With Hong Kong still recovering from the devastating coronavirus, its financial chief will have to balance public expectations against shrinking reserves Balancing public expectations with financial ...

Posted on 18/02/2023

A Highflying Chinese Financier Is Missing. Why It May be a Warning for Alibaba.

China Renaissance (ticker: 1911.H.K.) stock fell as much as 50% in Hong Kong trading on Friday, finishing 28% lower, after the financial advisory firm disclosed that its chairman, CEO, and controlling ...

Posted on 18/02/2023

Concern for missing Chinese banking billionaire Bao Fan

The Chinese billionaire chairman of investment bank China Renaissance has gone missing, the firm said, as shares in the company plunged in Hong Kong. Bao Fan, who is also executive director of the ...

Posted on 17/02/2023

No, Hong Kong Won’t Be Allowing Retail Traders Access to Crypto on June 1

Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28. Hong Kong is warming up to crypto, and a licensing regime for Virtual Asset Service Providers (VASP) ...

Posted on 17/02/2023

Hong Kong hits back at US after 2 of country’s lawmakers introduce bill to shut down 3 overseas offices representing city

Fierce response follows suggestion to close economic and trade offices in America if White House decides Beijing has undermined Hong Kong's self-government Hong Kong authorities urge US 'to respect ...

Posted on 17/02/2023

China, Hong Kong stocks fall as strong U.S. data clouds China’s recovery hopes

China and Hong Kong stocks fell on Friday, dragged by some tech stocks, as upbeat U.S. economic data revived market concerns that China's central bank might delay more easing measures to support the ...

Posted on 17/02/2023

Fully resuming normal travel with SARs propels Hong Kong’s economy

A news report from China.org.cn on the full resumption of normal travels between Hong Kong Special Administrative Region and the Chinese mainland: ...

Posted on 17/02/2023

Indonesia’s J&T Express Aims For Hong Kong IPO, Might Raise $2 Billion

J&T Express, an Indonesian delivery company, plans to go public in Hong Kong in the second half of this year with an initial offering that could aim to raise up to $2 billion, Reuters reported on ...

Posted on 17/02/2023

Hong Kong banks post 19.3 per cent rise in 2022 profit on better interest margins, ending three-year slide: HKMA

Hong Kong banks' net interest margins widened to 1.31 per cent in 2022, compared with 0.98 per cent in 2021 and 1.18 per cent in 2020 While deposits in the banking system rose 1.7 per cent in 2022, ...

Posted on 17/02/2023

China, Hong Kong stocks fall as strong U.S. data clouds China’s recovery outlook

China and Hong Kong stocks fell on Friday, weighed down by some tech stocks, as upbeat U.S. economic data revived market concerns that China's central bank might delay more easing measures to support ...

Posted on 17/02/2023

Missing China bank boss is the wrong big deal

The disappearance of Bao Fan is a chilling dampener on the reopening of the world's second largest economy. China Renaissance’s revelation that it is unable to contact the man who is its founder, ...

Posted on 17/02/2023

Hong Kong issues 800M HKD in tokenized green bonds

The government of Hong Kong announced on Feb. 16 that it had issued 800 million Hong Kong dollars (roughly $100 million) in tokenized green bonds under its Green Bond Programme. The bonds were ...

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