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Tag: banking

Posted on 13/02/2023

Hong Kong plans first digital green bond offering, said to target US$102 million proceeds

The government has asked the Bank of China, Credit Agricole, Goldman Sachs and HSBC to hold investors calls on Monday, Bloomberg reports The tokenised notes would be a 'pilot issuance' to test ...

Posted on 13/02/2023

Hong Kong Hires Banks For Debut Digital Green Bond Sale

Hong Kong’s government has hired banks to arrange its debut sale of digital green bonds, expanding the use of a nascent technology that promises faster settlement and payment.Most Read from BloombergC ...

Posted on 13/02/2023

Hong Kong-based Global Engine Group sets terms for $16M US IPO

Hong-Kong based Global Engine Group (GLE), a provider of information communication technologies, has set terms for a proposed $16M initial public offering. Load Error Global Engine said that it was ...

Posted on 13/02/2023

Bye to the West? Hong Kong Monetary Authority eyes Middle East bonds and investment, banks on Gulf states’ need to diversify risk amid tensions

Deputy CEO of city's de facto central bank cites exchanges on recent trip to region, says there is keen interest in financial hub He touts Hong Kong's fertile, mature ground for bonds, and standing as ...

Posted on 12/02/2023

Westpac’s fraught Hong Kong exit latest drama for Aussie banks in Asia

Singapore | Tokyo | Westpac has been fined by Hong Kong’s financial regulator for breaching anti-money laundering and counterterrorism rules in the latest headache for the bank that is leading ...

Posted on 11/02/2023

Kitten ruse costs woman RM3.36mil in Hong Kong crypto scam

HONG KONG, Feb 11, 2023 (AFP): A Hong Kong woman trying to adopt ... Friday showed a sharp rise in scams in the city involving digital currencies. The Chinese finance hub has been encouraging ...

Posted on 11/02/2023

HSBC complicit in Hong Kong rights abuses, inquiry by UK politicians concludes

An inquiry by UK MPs and peers has concluded that British banking giant HSBC has been complicit in rights abuses in Hong Kong by denying Mandatory Provident Fund (MPF) pension payouts to those who ...

Posted on 10/02/2023

Hong Kong’s John Lee says he met oil giant Saudi Aramco bigwigs under ‘very positive atmosphere’ as he concludes Middle East trip, reveals Asean, Greater Bay Area as next …

Chief executive does not elaborate on details of talks to lure firm into local listing He says next work trip likely to be countries in Southeast Asia as well as to cities in the Greater Bay Area Hong ...

Posted on 10/02/2023

Backlash over $3.4 billion Hong Kong housing scheme poses headache for Lee

A flagship $3.4 billion plan by Hong Kong to build temporary housing to ease a massive shortage is facing fierce criticism over its high cost and the absence of a longer-term solution.

Posted on 10/02/2023

Middle Eastern businessmen shrug off Western concerns over Hong Kong’s national security law, city’s deputy justice minister says

Deputy Justice Minister Horace Cheung says region's businessmen have not raised any concerns over law that West claims has undermined investor confidence in city Cheung, who is accompanying city ...

Posted on 10/02/2023

Few Hong Kong workers expecting pay raise in 2023

This is despite a recent report from Willis Towers Watson that many employers across the Asia Pacific region are budgeting for a higher pay raise this year. In Hong Kong, the 2023 ...

Posted on 10/02/2023

Hong Kong and UAE to explore new collaboration opportunities

Hong Kong and the UAE have decided to explore new collaboration opportunities with a key focus on finance, technology and ...

Posted on 09/02/2023

HSBC, Bank of China (Hong Kong) push digital payment services as border reopening promises e-commerce boost

HSBC and Bank of China (Hong Kong), two of the city’s major lenders, have expanded their digital payment services to support cross-border transactions as the reopening of China’s border is expected to ...

Posted on 09/02/2023

John Lee jetting off to Middle East, Southeast Asia a stopgap measure, not a solution for Hong Kong’s economic woes, experts say

Emerging market focus understandable given current geopolitical tensions, but city will still need traditional markets such as US and Europe, observers say.

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