Sale, HOLDEX Token Hits The Crypto Market...Hong Kong, Oct. 01, 2021 (GLOBE NEWSWIRE) -- (via Blockchain Wire) Equipped with innovative and modernized techniques in FinTech and DeFi, Holdex Financial ... ( read original story ...)
Hong Kong financial regulators to define premium financing standards
They plan to brief the industry and relevant stakeholders about the standards. The Hong Kong Monetary Authority (HKMA) and the Insurance Authority (IA) will engage the industry and relevant ... ( read original story ...)
Hong Kong freezes domestic helper wages for second straight year, officials point to coronavirus-hit economy as factor for denying pay rise
Minimum wage for foreign domestic workers to remain at HK$4,630 a month following annual government review, though food allowance is increasing. ( read original story ...)
From hero to zero: Why Hong Kong equity performance is the weakest in Asia?
Hong Kong stocks have gone from hero to zero with seemingly endless waves of regulations. Back in January 2021, Hong Kong was indeed the best performing Asian market. ( read original story ...)
Mox failure in Hong Kong highlights need to resonate with customers, says GlobalData
Mox Bank Limited (Mox), a virtual bank created by Standard Chartered in partnership with PCCW, HKT and Trip.com, failed to make a mark in the Hong Kong banking market. The failure highlights that the ... ( read original story ...)
Abbisko taps Hong Kong IPO market for $225m
Biopharmaceutical firm Abbisko kicked off bookbuilding for its Hong Kong IPO on Thursday, aiming to raise HK$1.75bn ($225.2m). The Shanghai-based company specialises in the discovery and development ... ( read original story ...)
Hong Kong shares dragged down by tech sell-off on planned algorithm rules
Hong Kong shares ended lower on Thursday, dragged down by tech stocks after China said it would set up governance rules for algorithms in around three years. ( read original story ...)
Hong Kong retail sales surge 11.9 per cent in August, following launch of HK$5,000 e-voucher scheme
Government attributes scale of the increase to its digital voucher scheme, a HK$36 billion drive to stimulate local spending which launched at start of August Hong Kong’s retail sales shot up 11.9 per ... ( read original story ...)
Hong Kong: Passage of fund bills welcomed
He said the two bills’ passage would spur the rapid development of Hong Kong’s asset and wealth management business. The amended ordinances establish new fund re-domiciliation mechanisms for existing ... ( read original story ...)
Hong Kong Convention Ambassadors’ Tech Event Wins Underline the City’s Position as a Pivotal I&T Hub
Further to the announcement on the return of RISE, one of Asia’s largest tech conferences, in March 2022, Hong Kong also recently secured two major technology events to be held next year – the very ... ( read original story ...)
Hong Kong Bourse Has A Green Light For Thursday’s Trade
The Hong Kong stock market has climbed higher in three straight sessions, gathering more than 460 points or 1.9 percent along the way. The Hang Seng Index now sits just above the 24,660-point plateau ... ( read original story ...)
No sign of significant outflows from HK’s banking system
There was no sign of significant capital outflows from Hong Kong's banking system over the past six months, an official report said Wednesday. The Hong Kong Monetary Authority (HKMA) said total ... ( read original story ...)
Exodus of Hong Kong Bankers Accelerates in Chase for China Deals
Global lenders are speeding up a relocation of bankers from Hong Kong to China to expand dealmaking in the world’s second-largest economy, partly spurred on further by tight quarantine restrictions. ( read original story ...)
What Hong Kong’s New SPAC Regime Might Look Like
Wanting to join the SPAC surge, Hong Kong is changing the regulations to capture some of the thriving business that has been the toast of Wall Street. Ironically, the Asian financial centre is making ... ( read original story ...)